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| Phone: 292-0889 |
Office: Fisher 410 | Phone: 292-7249 |
Office: Fisher 344 |
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| My Web page |
Off. Hours: TBA | |
Off. Hours: TBA | |
Introduction
This class presents a foundation for interpreting and improving accounting practice and theory. An information content approach is emphasized, meaning accounting reports will be treated as one among many sources of information in an economy. The emphasis on accounting as a source of information is a distinguishing feature of this course. What is information? What does it mean to claim accounting is a source of information? How does this reconcile with the more familiar focus on assets, liabilities, income and so on? How does this relate to the FASB's Conceptual Framework? This is your chance to contemplate the profession you are about to enter -- I hope you take advantage of this opportunity.
The required text is Christensen and Demski’s Accounting Theory: An Information Content Approach (McGraw-Hill, 2002). Expect to spend plenty of time outside of class working through the examples in the text readings and on class assignments. Attendance in class, while expected, will not be sufficient. Familiarity with GAAP, the FASB’s various pronouncements, and the FASB’s conceptual framework is presumed.
Student EvaluationGrades will be determined using the following weights: (1) class attendance and participation, 20%; (2) written assignments, 40%; (3) take-home final examination, 40% . Be aware that the Course Outline is tentative, as much of the material we will be covering is new. This means class time will be unusually important, and you should expect revision of the assignment schedule. Written assignments are due at the beginning of class on the date indicated on the Course Outline. You may drop your lowest written assignment grade. No late assignments will be accepted.
This course will strictly follow the University calendar, beginning on the first day of scheduled classes, and ending on the last day of scheduled classes. The final examination is take home and do be done without any collaboration with any other students or faculty. Violations of this rule will be dealt with accordingn to Ohio State University guidelines. A paper copy of your examination will be due in my office by the end of the final examination date as specified by the Ohio State University Registrar. Makeup finals will be given only if excused by University guidelines. Please plan your break around the final examination date (to be announced).
Required Materials| (1) | Christensen, J. and J. Demski , Accounting Theory: An Information Content Perspective, 1st edition, McGraw-Hill Irwin. (ISBN: 0-07-229691-7). |
| (2) | Course Packet Available at Cop-Ez. Includes A Statement of Basic Accounting Theory (ASOBAT), 1966 and Statement on Accounting Theory and Theory Acceptance, 1977. |
| (3) | FASB, Concepts Statement No. 2: Qualitative Characteristics of Accounting Information, 1980. (Go to http://www.fasb.org/st/#cons and scroll down.) |
Course Outline
I previously posted online a tentative Course Outline for those of you who wanted to plan ahead. Please replace any previous versions you have with the updated Course Outline I have passed out the first day in class. During the quarter, please be alert for changes in assignments.