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California State University, Fullerton
College of Business Administration and Economics
Department of Accounting
Accounting 518
Seminar in International Accounting

Section 1, 3 units, Schedule Number 10090

Spring 2004

Paul Sheldon Foote

SYLLABUS

Prerequisites:Accounting 201B or 511 and classified CBE status

Class Meetings: LH 315A, Mondays, 7:00 – 9:45 P.M.

SAP Image

Trademark of SAP AG

Students in this section will have hands-on experience with SAP R/3.

California State University, Fullerton is a member of the SAP University Alliance Program.  http://www.sap.com/usa/company/alliances/

 

 

Department of Accounting Mission Statement

Our mission is to provide innovative and high-quality undergraduate and graduate accounting programs to a diverse student population.  The department is committed to providing an environment for continuous faculty improvement and to promoting involvement with the business and professional community.

Course Objectives (Focus):

This course will focus upon 5 major objectives:  (1) a general review of the issues of International Accounting from the perspective of the management of multinational enterprises (2) a detailed review of International Accounting Standards (3) a detailed evaluation of empirical research relating to major International Accounting issues (4) a detailed, hands-on study of the implementation of International Accounting in SAP R/3 and in third-party components for SAP R/3 (5) the writing of publishable-quality, empirical research paper by each student.

Teaching Method:  This is a graduate seminar course, not a lecture course.  As such, the major emphasis will be upon student presentations of assignments.  At most class meetings, all students will be presenting critical evaluations of different published empirical research articles. 

Offices: 617Langsdorf Hall (Fullerton campus), ETC 261 (El Toro campus)

Office Hours: Mondays, 5:45 – 6:45 P.M. (Fullerton), Tuesdays, 5:45 – 6:45 P.M. (El Toro), Saturdays, 8:00 – 8:55 A.M. (Fullerton). By appointment.

Telephone: (714) 278-2682

Electronic Mail:pfoote@fullerton.edu

Web Sites: http://business.fullerton.edu/pfoote/

CSUF’s SAP R/3 Web Site:http://business.fullerton.edu/sap

CSUF’s XBRL Web Site:  http://business.fullerton.edu/xbrl

Class Attendance: You will be graded on your presentation of assignments in class, not for emailing assignments and skipping classes.  Examinations may include any materials presented in class meetings. Your prompt and faithful attendance could make the difference between success and failure in this course. 

Bookstores:

Titan Bookstore, 800 North State College Boulevard, Fullerton, CA 92834, (714) 278-3418, (714) 278-2031 FAX.  El Toro Campus:  ETC-220, (949) 936-1635.

You may purchase textbooks online at:

http://bookstore.fullerton.edu

Text Mart, 2436 East Chapman Avenue, Fullerton, CA 92831, (714) 449-7999, (714) 449-7990 FAX

The following Web sites will find the best online book prices:

http://www.bizrate.com

http://www.dealtime.com

Required Textbooks and Learning Aids:

Abdallah, Wagdy M., Managing Multinationals in the Middle East:  Accounting            and Tax Issues, Quorum Books, 2001.  ISBN 1-56720-267-5

          http://www.quorumbooks.com

Epstein, Barry J., and Abbas Ali Mirza, Wiley IAS 2003: Interpretation and Application of International Accounting Standards, John Wiley &                  Sons, 2002.  ISBN 0-471-22736-6 http://www.wiley.com

Topics Covered in IAS 2003:

Chapter       Topic

1                                            Introduction to International Accounting Standards

2                                            Balance Sheet

3                                            Income Statement, Statement of Changes in Equity, and Statement of Recognized Gains and Losses

4                                            Cash Flow Statement

5                                            Financial Instruments—Cash and Receivables

6                                            Inventory

7                                            Revenue Recognition, Including Construction Contracts

8                                            Property, Plant, and Equipment

9                                            Intangible Assets

10                                        Interests in Financial Instruments, Associates, Joint Ventures, and Investment Property

11                                        Business Combinations and Consolidated Financial Statements

12                                        Current Liabilities, Provisions, Contingencies, and Events After the Balance Sheet Date

13                                        Financial Instruments—Long-Term Debt

14                                        Leases

15                                        Income Taxes

16                                        Employee Benefits

17                                        Stockholders’ Equity

18                                        Earnings Per Share

19                                        Interim Financial Reporting

20                                        Segment Reporting

21                                        Accounting Changes and Correction of Errors

22                                        Foreign Currency

23                                        Related-Party Disclosures

24                                        Specialized Industries

25                                        Inflation and Hyperinflation

26                                        Government Grants

Appendix A      Disclosure Checklist

Appendix B      Illustrative Financial Statements Presented under IAS

Appendix C      Comparison of IAS, US GAAP, and of UK GAAP

Topics Covered in Managing Multinational in the Middle East:

Chapter       Topic

1                 Introduction

2                 Economic, Political, and Legal Characteristics

3                 Effect of Culture and Religion

4                 Investing in the Middle East

5                 Accounting Systems and Practices

6                 International Accounting Standards

7                 Performance Measurement and Evaluation of Foreign Subsidiary                             Managers

8                 Tax Systems

9                 Transfer Pricing Policies

10                Objectives and Strategies of Transfer Pricing Policies

11                Transfer Pricing Techniques

12                Future of the Business Environment

Required Web Sites:

http://www.turnitin.com

Submit your final version of all written assignments, by the deadline, to this Web site.  After this Web site has processed each written assignment, you will be able to see the written assignments submitted by all students in your course plus an originality report for your written assignment.  At this Web site, you will find PowerPoint slides and downloadable “Student User Manual” (in .pdf and Microsoft Word 2000 formats).  The following instructions summarize the major steps to perform in using this Web site:

Step 1:  Set up your personal home page.  If you have not used turnitin.com in another course, register as a new user.  Click:  “User Log In.”  Complete the required (but not the optional) personal information, including an email address and a password. 

Step 2:  Log in as a student, using your email address and password.

Step 3:  Join new class. 

Class name:  ACCT 518 Spring 2004

Class ID :  1114711

Enrollment Password:  ACCT518

Step 4:  View assignments.  You must specify the correct assignment number for each assignment you upload to the system.

Step 5:  Upload a research paper.  Copy and paste from your Microsoft Word or WordPerfect file to turnitin.com.  Do NOT place any identifying information (such as:  your social security number, address, email address) in your assignments..  Include the requirement numbers for each section of your paper, but do NOT include the assignment requirements.  If everyone repeats the assignment requirements, then the system will show the links to the papers of other students as being the same.

Recommended Textbooks and Learning Aids:

International Accounting Standards Committee, International Accounting                         Standards Explained, Wiley, 2000.  ISBN 0471720372

          This book provides concise explanations for non-accountants.

Recommended Web Sites:

Accounting Software

http://www.as411.com/

Annual Reports

SEC Info     http://www.secinfo.com

World Investor Link, Inc.http://www.worldinvestorlink.com/ars

Bots

For the latest list of bots to use in Internet research, see:

http://www.botspot.com

For example, there is a free bot, Copernic Agent Basic, available (in English, French, German, and in Spanish) for downloading from:  http://www.copernic.com

 

Certification

Certified Information Technology Professional (CITP)

http://www.aicpa.org

Company Data

http://www.hoovers.com/

FASB Original Pronouncements

http://www.library.fullerton.edu/er/depts/accounting.htm

For home access to FASB Original Pronouncements and other Accounting resources available at CSUF’s library, see:

http://www.library.fullerton.edu/CSUFProxy/connectfromhome.htm

If you need additional help with doing research using CSUF’s library, contact:

Carol Bednar

Government Documents Librarian

Chair, Dept. of Technical Services

Pollak Library

Cal State Fullerton

Fullerton, CA 92834

cbednar@fullerton.edu

(714) 278-7035 (voice)

(714) 278-2439 (fax)

Fraud

http://www.cfenet.org

http://www.coso.org

Inspiration Software

A good way to improve your research papers is to use Inspiration.  You may download a free 30-day trial of this software at:

 http://www.inspiration.com/freetrial/index.cfm

 

Libraries

http://guides.library.fullerton.edu/introduction/

For a schedule of Library Survival Skills Workshops, see:

http://www.library.fullerton.edu/erworkshop.htm

 

Newsgroups

http://www.dejanews.com

Portals

http://www.ittoolbox.com/  Ittoolbox

and

http://www.openitx.com  Open IT Exchange

The purpose of this portal is to provide a place for students and professionals to find resources and exchange ideas about IT topics.  There are specialized groups for technical questions on topics such as SAP R/3.  You may subscribe to receive free email on specialized topics.

If you think that any of your research papers are of high enough quality to help advance your career, then you may email the research papers for consideration for posting to: academicprogram@ITtoolbox.com

Publication Subscriptions with Student Discounts

The Economist:  http://www.economistacademic.com/ 

Financial Times:  http://www.ft.com

Wall Street Journal:  http://subscribe.wsj.com/semester

 

SAP R/3

http://business.fullerton.edu/sap

http://help.sap.com

http://www.auburn.edu/sap

http://www.sap.com

http://www.sapassist.com

http://www.sapbwportals2004.com     BW (data warehousing) and Portals

http://www.sap-consulting.com

http://www.sapfans.com

http://www.sapfaq.com

http://www.sapfinancials2004.com      Financial accounting

http://www.saphr2004.com                 HR (Human Resources)

http://www.sapinfo.com

http://www.sapinsider.com

http://www.saplabs.com

http://www.saplinks.net/

http://www.sap-press.com                  Books published by SAP Press

http://www.sapscm2004.com              Logistics and Supply Chain Management

http://www.saptech.com

http://www.saptechjournal.com

 

Scholarships

http://www.fullerton.edu/financialaid/scholar/

 

Search Engines

http://www.allonesearch.com

http://www.askjeeves.com

http://www.dogpile.com

http://www.google.com

http://www.hotbot.com

www.ixquick.com

http://www.mamma.com

http://www.northernlight.com

http://www.snap.com

http://www.yahoo.com

Search Engine Ratings

http://www.searchenginewatch.com

http://www.squirrelnet.com

 

Translations (of Web searches, documents, email in foreign languages)

http://www.babelfish.com/Translations.shtml

http://babelfish.altavista.com/

XBRL

http://web.bryant.edu/~xbrl

http://www.xbrl.org

http://www.xbrlsolutions.com

White Papers

http://www.itpapers.com

XBRL

http://web.bryant.edu/~xbrl

http://www.xbrl.org

http://www.xbrlsolutions.com

 

XML

http://www.w3.org/XML

http://www.w3schools.com/xml

http://www.xml.com

http://www.xml.org

Registration and Fees; Add/Drop Procedures:

Please consult your current Class Schedule for the TITAN add and drop periods and procedures. http://portal1.fullerton.edu/schedule/index.aspx

Grading:

Please review each semester the university’s current grading policies:

http://www.fullerton.edu/catalog/university_regulations/gradingpol.asp

Do not remain in any course in which you are earning low scores on the assumption that there will be some incomplete or withdrawal options.  Grading options and bases for approving those options change.

Grading will be based upon the distribution of total points at the end of the course only: straight scale (90% A, 80% B, 70% C, 60% D) or curved. Curving techniques: (1) straight scale applied to your percentage of the top student's total score (2) z score = (your score - class mean)/class standard deviation. My Excel spreadsheet selects the highest grade.

Grade Value Straight Scale        z score

A       4.0     90% - 100%         +0.68 and above

B       3.0     80% - 89%            -0.67 to +0.67

C       2.0     70% - 79%            -1.24 to –0.68

D       1.0     60% - 69%            -1.80 to –1.25

F       0.0     0% - 59%              -1.81 and below

Midterm Examination:  32%

Final Examination:  32%

 

 

 

 

 

 

Examinations are closed books and closed notes.  There will be assigned seating.  The typical format will be some or all of the following:  short answer, fill-in-the-blank, matching, and multiple- choice.  Examination questions may cover all materials presented in class meetings plus all assigned readings.  There will be NO makeup or early examinations.

Research Paper and Presentations:  25%

Your semester project is to prepare and present a publishable research paper in International Accounting.  At each class meeting (other than examinations), you will be asked to update the class on your progress and to submit to me each progress report in writing.  These progress reports will ensure that you select and stay with an important research focus.  Your research paper must be an empirical research paper.  You may NOT do survey research.  Do not upload progress reports to turnitin.com.  When students are ready to upload complete drafts of papers, then I shall create draft assignments at turnitin.com.  You must present your progress reports and drafts to the class so that all students will learn from your experiences.  This is an individual project.  While two or more students may select the same subject, they must work independently with their own unique empirical models.

 

 

 

 

 

 

 

 

 

 

In order to receive full credit, you must present your research findings and submit your research paper during the assigned class meeting.  Failure to present your research findings or to submit your research papers late may result in reduced or in no credit.  By each due date, you must upload your research paper to:

http://www.turnitin.com

In order to receive full credit, the resulting Report Summary must show:

“We found 0 documents, either within our local database or on the Internet, that contain similar or exact passages to those in your paper.”

Overall Similarity Index = 1

Plagiarism, from Internet or from other sources, will have the consequence of no credit for the research paper.  Repeated plagiarism will have the consequence of reports to the Vice President for Student Affairs.

Empirical Research Evaluations and Presentations:  11%

For 11 class meetings, you will be presenting you evaluations of one empirical research article on an assigned topic.  You must upload your written evaluation to http://www.turnitin.com by each deadline plus submit to me a printed copy of your paper.  While it is possible that more than one student might select the same published article to evaluate by chance, repetitions of this pattern by the same students will result in my assigning different research papers to each student.  These are individual assignments.  You must present your evaluations to the class to receive full credit.  Do not expect to receive any credit for repeated submitting of papers and skipping classes.

Student Computer Laboratory

In order to use MH47, students must be DECLARED MAJORS in the College of Business and Economics, College of Communications, College of Human Development and Community Service, or the College of Humanities and Social Sciences.  Students who are NOT DECLARED MAJORS in the above mentioned colleges would not be automatically allowed entrance to MH47. (This includes EXTENDED EDUCATION students!)  If you are not a declared major in any of the above colleges and need to use the facilities in MH47, please inform me so that I can send a list to Barbara Wolterbeek.  You will need to ask for “special entrance” in MH47 via the “EXCEPTIONS LIST”.  (The student assistants on duty in MH47 will manually check the class lists you provide to ascertain that you are actually enrolled in my course.  Once your enrollment has been verified, you will be allowed in MH47. This procedure will be followed EACH time you seek entrance to MH47)

Writing Help:

 

Got help? 

 


Writing assignments looming?  Midterm stress or end-semester crush? Send us your business students.

Three campus institutions offer targeted writing assistance:

 

Business Writing Center                                                                                                                  

Help is

our business!

CBE Tutoring services for business writing

MH-46

714.278.2704 (walk in or call)

Students can make appointments online: http://business.fullerton.edu/tutor/cbetutor/

SPECIALTY: business document formats, strategies, and tone

University Learning Center 

 


Tutoring services for all campus disciplines and subjects

MH-33

714.278.2738 (walk in or call for appt.)

MH-78 Computer Lab

714.278.7325

SPECIALTY: All college writing (written/oral language concerns), ESL

 

Writing Center 

 


Run by the English Department; currently open only to students in the Humanities or to students taking HSS classes.

MH-45

SPECIALTY:  College-level essay; ESL and grammar

Academic Dishonesty

The University's policy on academic dishonesty is that the faculty may assign an F in the course and send a formal report to the Vice President for Student Affairs for possible university-level disciplinary action. Do your own, individual work. Maximize your personal growth as a scholar. Do not copy solutions from any student or from any other source. CSUF values intellectual and personal integrity within the learning process. See the current catalog for complete details.

http://www.fullerton.edu/catalog/

Meetings:

At the first meeting, you will provide me with an email address. All assignments and any changes in class meetings will be communicated to you via email. You are responsible for checking your email daily.  Be sure that your mailbox is not full.  Be sure that you are using an email account with a service accepting attachments.

ACCT 518 Spring 2004 Meetings

 

Notes

Assignments and Presentations:  For the text portion of assignments, use 14-point fonts.  Use Word’s spelling and grammar checking tools. 

Research Paper and Presentation Guidelines:

Do:

Use Microsoft Word’s Header and Footer (under View) to identify each assignment and the author.

Use page numbers.

Include a title for each assignment.

Use subheadings.

Include references in the body of your paper (where you use them) and complete references at the end of the paper.

Use quotation marks when you quote others.

Label the sources of any charts or tables you copied from Web sites or from printed materials.

Check your spelling and grammar with Microsoft Word.

Use 14-point fonts.

State a clear focus in the first paragraph.

Explain the importance of the research problem.

End your research paper with a conclusion.

Do NOT:

Confuse its and it’s.

Use etc. (or "and so on") when the reader cannot complete the series.

Example 1: Number each page: 1, 2, 3, etc.

Example 2: My favorite things are: stars, birds, etc.

Research Paper References

Your research paper must include page number references within the body of the paper.

SAP Hands-on Assignments:  During the course, you will be provided with SAP R/3 accounts and with detailed instructions on how to complete your SAP R/3 hands-on assignments.

Instructor: Paul Sheldon Foote

Education: BBA, The University of Michigan--Ann Arbor; MBA, Harvard Business School; Advanced Professional Certificate in Accounting, New York University; Ph.D., Michigan State University.Legal studies, New England School of Law. Persian language studies, Harvard and Michigan State. Arabic language studies, New York University and Michigan State University.

Teaching Experience: University of Washington, Chapman University, Sultan Qaboos University (Sultanate of Oman), Pepperdine University, New York University, Oakland University, Saginaw Valley State University, University of Windsor (CANADA), University of Michigan--Flint, Michigan State University.

Publications: CORPORATE PROFITABILITY: Determinants and Forecasts, University Microfilms International, Ann Arbor, Michigan, 1983; numerous articles, especially in the Journal of Business Forecasting.

Public Accounting Experience: Touche Ross [now Deloitte and Touche], Los Angeles, 1988.

CPA Review Experience: California State University, Fullerton CPA Review, 1998 – present. Conviser-Duffy, 1997. The Mark Dauberman CPA Review Course [now Mark’s CPA Review], Los Angeles, 1988-1990. Formerly in New York City with: Conviser-Miller; Lambers.

CMA Review Experience: Malibu Publishing Company.

Consulting and Seminar Leading Experience: Financial Forecasting; What A CPA Should Know About Investment Decisions; Audit Sampling; Strategic Planning and Information Systems; Fundamentals of EDP Auditing; Compilation and Review of Forecasts and Projections; Audit Risk, Sampling and Materiality. Internal Control Systems and Fraud Auditing consulting.

Business Experience: Singer Sewing Machine Company (Greece, Iran, Turkey, Lebanon, Morocco); Citicorp (Lebanon and India); Mutual of New York (New York City); Barclays Bank (London, England).

Governmental Experience: United States Department of Commerce (Iran); The Regional Development Fund (Oslo, Norway).

Military Experience: United States Army, Vietnam.

Expert Witness Experience: have served as an expert witness in litigation involving accounting, 1989.

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