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Course Form (One form per course, lab, or recitation)
NORTHEAST Integrated Curriculum Committee

Date: 5/15/2023
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Contact person: Joan McDonald
Phone:

570-389-3931

Email: jmcdonal@bloomu.edu

Department:

Accounting and Business Law

Program:

Accounting

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Tracking # (For Provost office use only)

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CIP# (For Provost office use only)

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Select which actions you are requesting for __ Undergraduate _x_ Graduate
☒ Course Modified for Integration

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☐ Course Not Previously Offered at any campus

Click modalities that the course may be offered (80% +)
☒Face-to-Face/In person ☒ Online (100%) ☒ Interactive TV ☒ Multi-modal

New University
Course Prefix

New University
Course Number

New University
Course Title

ACCT

502

Advanced Financial Accounting

Current University
Course Prefix

Current University
Course Number

Current University
Course Title

*Only list Current Courses that are equivalent to the New Course

BU: ACCT

502

Advanced Financial Accounting

LHU:
MU:
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New Course for Integrated University
7. Will the course be seeking General Education approval?
☒ No ☐ Yes (if yes, go to next section General Education Approval- click on this link)
8. Resources at Each Campus: List any resources, including faculty, facilities, technology,
equipment, or library resources necessary at each campus listed above.
The course may be offered within load of current faculty. Course may be taught in a computer lab
or may have students joining class via Zoom (which would require a camera and microphone).
Course is being offered at the Bloomsburg University campus.
Identify on which campuses the course is intended to be offered in the integrated university
(for administration use only): (Should be all three campuses: K. Hall for T. Shawver)
☒ BU

☒ LHU

☒ MU

9. Identify Departments/Programs/Courses impacted by changes on this form (Identify any
programs/departments/courses that may be impacted by course changes. Contact programs,
departments to obtain support if you are offering a course that will impact their program:
No other departments, programs, or courses are anticipated to be impacted.
10. Indicate Semester and Year Course will be implemented: Fall 2023
11. Provide a rationale for how this course relates to the mission and goals of the related program:
The Master of Accountancy program provides the advanced accounting knowledge and skills
necessary to prepare students for successful entry into public accounting and completion of the
CPA exam. ACCT502 contributes toward the following goals: to enhance the accounting
knowledge base necessary for successful entry into public accounting and to prepare students for
the successful completion of the Financial Accounting and Reporting (FAR) and Business Analysis
and Reporting (BAR) sections of the CPA Exam.
12. Abbreviated Title (for Master Schedule, Maximum 20 spaces): Advanced Fin Acctg
13. Course Description for Catalog (Maximum 75 words -start with an action verb.):
Investigates selected financial accounting and reporting topics and issues. Selected topics include:
accounting concepts and standards; financial statements; financial statement disclosures;
business combinations; derivatives, hedging and related topics; governmental accounting; and
not-for-profit accounting and reporting.
14. Credit(s):
Clock Hours: 3

Lecture: 3 hours

Recitation: hours Lab: hours

Contract Hours: 3 Lecture: 3 hours

Recitation: hours Lab: hours

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15. Prerequisites (Courses completed prior to taking this course): None
16. Co-requisites (Courses which must be taken simultaneously with other courses): None
17. Enrollment Restrictions (e.g., limited to majors in program XXX, restricted from majors in program
XXX, etc.): Limited to MAcc students and MBA students with an Accounting Concentration
18. Repeatable: Can this course be repeated for credit as a multi-topic class, not just for a grade
change?
☒ No ☐ Yes: How many times is the course repeatable?
19. Dual-Level or Cross-Listed: Is this course dual-level? ☐Yes ☒No.
If yes, list the course prefix and number.
If dual-level, indicate content, assignments, and assessments for graduate and undergraduate
courses on two separate Master Course Syllabus forms. Cross-Listed is across multiple
departments/programs.
20. Estimated Frequency of Offering: One section in the Spring semester
How often will the course be taught in a two year cycle? Two times
21. Recommended class size for student success: Provide the recommended class size number and a
clear rationale based on accreditation guidelines, discipline standards, or pedagogical limitations.
Graduate-level courses are very intensive. A maximum class size of 25 students is recommended,
which allows for interaction with each student. A greater number would interfere with in-depth review of
written work and assignments.

Submit a Master Course Syllabus – (see attached)

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General_Education_Approval
Locate the required Curricular Theme, Program Goal, and Learning Objectives and Desired Outcomes for
your selected area of this program in the General Education Plan (click on this link).
GE-1: Select the Curricular Theme and Program Goal you are applying from the drop down below (click
on the words Choose an item, then click on the arrow and select one option):

Choose an item.

GE-2: How does your course fit into the General Education Curricular Theme and Program Goal to which
you are applying (be sure to address all of the required areas of the selected Program Goal)?

➢ Caution, these terms Curricular Themes and Program Goals are specific to this General Education
Program, See Ship Guide pages 6-12 for clarification
https://www.ship.edu/globalassets/gec/handbook_generaleducationship_2018_09_25.pdf
➢ [A program goal is a clear statement that expresses what our program will do for students. Each goal
is designed to prompt and guide teaching practice and program assessment. For example in the
Curricular Theme of Diversity, a Program Goal is to Guide and prompt students to evaluate the
diversity of human experience, behavior, and thought, in order to better understand ourselves and
others, to respond to the roots of inequality that undermines social justice, while developing
awareness regarding diversity in culture, ethnicity, race, gender/gender expression, religion, age,
social class, sexual orientation, or abilities.]

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GE-3: List the Course Specific SLOs that correspond to the General Education SLOs of the relevant
Curricular Theme and Program Goal and explain how your course will meet each one of these Course
Objectives. Please be specific and use examples to align in column two and to demonstrate how this will be
implemented in column three.
Course Specific Student Learning
Objectives (SLOs)

General Education Student
Learning Objectives (SLOs)

How do the methods and
structure of the course provide
students with the opportunity
to meet each aligned pair of
General Education and Course
Specific SLOs?

Submit the Master Course Syllabus (including assessment) in addition to this form to be considered for
General Education approval.

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Signatures
Required
Signatures

Name

Date

Mark Law, Chairperson

05/24/2023

By typing my name in the box above, I am electronically signing this form. Dean, ICC Chair, and
President/Designee will sign to indicate approval directly in SharePoint.

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MASTER COURSE SYLLABUS
NORTHEAST Integrated Curriculum Committee

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DATE PREPARED:
May 14, 2023
PREPARED BY: Joan McDonald
DEPARTMENT:
Accounting and Business Law
Program:
Accounting
COURSE PREFIX & NUMBER (without space in-between): ACCT502
COURSE TITLE:
Advanced Financial Accounting
CREDIT HOURS:
3
RECOMMENDED CLASS SIZE: 25
PREREQUISITES/CO-REQUISITES: None. All MAcc courses can be taken in any order.
COURSE DESCRIPTION FOR CATALOG:
Investigates selected financial accounting and reporting topics and issues. Selected topics
include: accounting concepts and standards; financial statements; financial statement
disclosures; business combinations; derivatives, hedging and related topics; governmental
accounting; and not-for-profit accounting and reporting.

10. CONTENT DESCRIPTION: Course content will include accounting and financial
reporting for the following:
A. Intercorporate Acquisitions and Investments in Other Entities
B. Cost and Equity Methods of Accounting for Investments
C. Reporting Intercorporate Investments and Consolidation of the following:
a. Wholly-Owned Subsidiaries with No Differential
b. Less-than-Wholly-Owned Subsidiaries with No Differential
c. Wholly-Owned Subsidiaries at More than Book Value
d. Less-than-Wholly-Owned Subsidiaries at More than Book Value
D. Intercompany Transactions involving
a. Inventory
b. Transfers of Services and Noncurrent Assets
c. Indebtedness
E. Consolidation Reporting Issues
F. State and Local Governmental Entities
a. Government-wide Financial Statements
b. Governmental, Proprietary, and Fiduciary Funds
c. Budgetary Accounting, Appropriations, and Encumbrances
d. Nonexchange Revenue Transactions
e. Expenditures
G. Nongovernmental Not-for-Profit Entities
a. Providers of Health Care
b. Colleges and Universities
H. Derivatives and Hedge Accounting
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11. & 12. TABLE: STUDENT LEARNING OBJECTIVES AND STUDENT ASSESSMENT. Use the Table
below to document the outcomes and assessment for the course. If this is a General Education
course, be sure to complete the second column as well, if it is not a General Education course, you
can leave the 2nd column blank.
11. Course Specific Student Learning
General
12. Student Assessment
Include
assessment(s)
and whether they are suggested
Objectives (SLOs)
Education
or mandated (e.g., to comply with accreditation or as
Student Learning
a minimum standard)
Objectives
(Complete this
column for GE
courses only)
1) Apply knowledge of Generally Accepted
Accounting Principles from the Financial
Accounting Standards Board (FASB) to
practical applications related to
consolidated financial statements, including
analyzing information to prepare
consolidation entries and calculate balances
for consolidated financial statements.

Discussions, presentations, written
reports, quizzes, and/or exams,
including CPA Exam review questions
from the Financial Accounting &
Reporting (FAR) section of the CPA
Exam related to consolidated financial
statements.

2) Analyze financial accounting problems
and issues related to transactions involving
intercompany sales of inventory, transfers of
services, noncurrent assets, and
indebtedness.

Discussions, presentations, written
reports, quizzes, and/or exams,
including CPA Exam review questions
from the Technical Accounting &
Reporting subsection of the Business
Analysis & Reporting (BAR) section of
the CPA Exam.

3) Apply knowledge of general-purpose
financial reporting for nongovernmental
not-for-profit entities from the Financial
Accounting Standards Board (FASB) to
practical applications, including analyzing
and recording transactions, and preparing
and analyzing financial statements for
nongovernmental not-for-profit entities.

Discussions, presentations, written
reports, quizzes, and/or exams,
including CPA Exam review questions
from the Financial Accounting &
Reporting (FAR) section of the CPA
Exam related to general-purpose
financial reporting for not-for-profit
entities.

4) Apply knowledge of state and local
government accounting from the
Governmental Accounting Standards Board
(GASB) to practical applications, including
analyzing information for the preparation of
budgetary entries, journal entries, and
financial statements.

Discussions, presentations, written
reports, quizzes, and/or exams,
including review questions from the
Financial Accounting & Reporting (FAR)
and Business Analysis & Reporting
(BAR) sections of the CPA Exam related
to state & local governments.

*Note- Rows can be added

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13. METHODS:
Face-to-Face Class Setting: Classroom delivery methods can include but are not limited to lectures,
class discussions and participation, case study review, small group activities, student research
projects, student research papers, interactive media, oral presentations, and practice exercises.
Students are expected to read the materials and work the exercises and problems before they are
tested on the material. This class may be taught in a business computer lab as deemed
appropriate by the instructor.
Distance Education Setting: This course may be taught online using synchronous or asynchronous
methods. Software used may include video, presentation, meeting, and hands-on activities. This
class may include a combination of online presentations, case study review, small group activities,
student research projects, student research papers, interactive media, oral presentations, and
practice exercises. A computer (desktop, laptop, tablet, etc.) and internet access are required.
Proctored exams may be required at the discretion of the instructor.
14. COURSE ASSESSMENT:
The department will collect assessment results such as exam items, cases, or projects, across all
sections of the course, both distance and in-class learning each semester. The assessment data
will assist in identifying changes needed to the course to ensure greater student attainment of the
Student Learning Objectives. The faculty will review the results of the evaluation and, if
warranted, will make appropriate revisions. Information will be shared with the college and
university assessment committees upon request.
15. SUPPORTING MATERIALS- SAMPLE TEXTS (Recommended):
Gleim, I. N. (2023). CPA Review: BAR (Business Analysis and Reporting). Gainesville, FL: Gleim
Publications.
Gleim, I. N. (2023). CPA Review: FAR (Financial Accounting and Reporting). Gainesville, FL: Gleim
Publications.
Financial Accounting Standards Board (FASB) Accounting Standards Codification, which can be
accessed through the American Accounting Association website:
http://www2.aaahq.org/ascLogin.cfm
Governmental Accounting Standards Board (FASB) Accounting Standards Codification, which can
be accessed through the American Accounting Association website:
http://www2.aaahq.org/ascLogin.cfm
Christensen, T. E., Cottrell, D. M., & Budd, C. J. (2023). Advanced Financial Accounting, 13th Ed.
New York, NY: McGraw-Hill.

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