‫جامعة فلسطين‬
‫إدارة المال واألعمال‬
:‫الكليــــة‬
Accounting
:‫القســــم‬
Date: 17/02/2016
Course Items Distribution
I. Course Information:
Course Name:
College :
Specialist:
Department:
Number of credits:
Contemporary Accounting
Issues
Finance & Business
Administration
Accounting
Accounting
Total: 3
Course Code
ACC4323
Course Type:
Core Course
Academic Year
Academic Semester :
2015/2016
Second
Theoretical:
3
Practical:
0
Significant and rapid changes in accounting rules are impacting the financial reporting and
analysis that management uses to make business decisions. This course will explore
contemporary accounting topics that accounting professionals will face in the workplace and
how the accompanying requirements are changing the way that companies and their business
partners use, report, analyze, and interpret financial data. Subjects covered will vary as
conditions change but may include International Financial Reporting Standards (IFRS) vs.
Course
Description: Financial Accounting Standards(FAS) as alternative Fair-Value-Based measurement systems,
with specific emphasis on Pensions and Post-Retirement Benefits, Leases valuation and
reporting, types of accounting changes (principle and estimate) and the relevant positivistbased opportunistic motives for accounting changes such as earnings management, and
dilutive EPS measurement in the presence of Stock Compensation Based Schemes in firms of
complex capital structure.
Course
Goals:
This course is intended at enabling the student to:
•Understand accounting and reporting differences between alternative Fair-Value-Based
measurement systems of FAS and IFRS.
•Raise an awareness of and critically analyze contemporary issues in leases valuations as
liabilities and assets from lessees’ and lessors’ point views under IAS 13 vs. FAS 13.
•Raise an awareness of and critically analyze contemporary issues in Pension Accounting as
liabilities and assets from the employers’ point view under FAS 158 and IAS 19.
•Raise an awareness of and critically analyze contemporary issues in measuring dilutive EPS
in the presence of Stock Compensation Based Schemes under IFRS2 vs. FAS 123R.
•Evaluate ethical issues that arise in companies' choice of accounting treatments and policy
adoption based on underlying positivist-opportunistic behavior to manage earnings towards
favorable outcomes.
Course
Outcomes :
Upon completion of this course, the student should be able to:
1.Understand some of the practical differences between IFRS and FAS as alternative sets of
accrual based and fair value oriented accounting GAAPs.
2.Prepare specific elements of financial statements such as Pensions’ assets and liabilities as
well as leases’ assets and liabilities based on true and fair value presentation according to
3/1
‫صفحات‬
01
‫رقم اإلصدار‬
UP 32-04
‫نموذج رقم‬
‫جامعة فلسطين‬
‫إدارة المال واألعمال‬
:‫الكليــــة‬
Accounting
:‫القســــم‬
IFRS and FAS.
3.Calculate and present basic and dilutive EPS as resulting from varying types of fair value
stock compensation plans according to IFRS and FAS.
4.Understand the potential earnings management motives underlying specific accounting
choices and policy adoption by firm managers.
II. Teaching Information:
Instructor's (s) Name:
Instructor (s) Room:
Instructor Phone:
Tareq Y.S. Abu
Instructor e-mail/
Al-Ajeen
Accounting
Instructor web site
Dep.
059-9755208
Office Hours:
Lecture Time
From
To
09:00
10:00
09:00
10:00
09:00
10:00
Days
Sat
Mon
Wed
Lectures details:
[email protected]
-Sat – Mon - Wed. 11-12
Room
K405
K405
K405
Building
Al-khwarezmi
Al-khwarezmi
Al-khwarezmi
III. Assessment:
Midterm
%20
Final
%60
Assignments
%5
Attendants
%3
Quizzes
%6
Report
%6
IV. Knowledge and Understanding:
Authors
Required
Text Books:
Title
Rankin, Stanton,
McGowan,
Ferlauto, Tilling
Contemporary
Issues in
Accounting
Year
2012
Publisher
ISBN
978 0 730 300267
Edition
ed1
John Wiley &
sons, Inc
Web Site
www.wiley.co
m
location
USA
V. Knowledge and Understanding:
Recommended
Readings:
Books, Journals,
web sits,
papers… etc )
3/2
Authors
Title
Publisher
Edition
Selected Articles related to contemporary issues in accounting
Year
‫صفحات‬
ISBN
01
Web Site
‫رقم اإلصدار‬
UP 32-04
location
‫نموذج رقم‬
‫جامعة فلسطين‬
‫إدارة المال واألعمال‬
:‫الكليــــة‬
Accounting
:‫القســــم‬
VI. Course Outlining:
Date
Week No.
From :
Topic
To
1 Week
30/01 : 05/02
2nd Week
06/02 : 12/02
st
---------------------------------

Lectures
Outline:
3rd Week
13/02 : 19/02

4th Week
20/02 : 26/02

Overview of contemporary issues in
accounting
Accounting Standards and A conceptual
framework for accounting and reporting
Accounting Changes and Error Analysis
5th Week
27/02 : 04/03

Accounting Changes and Error Analysis
6th Week
05/03 : 11/03

Earnings Management
7th Week
12/03 : 18/03

Earnings Management
Start of Midterm Exams.
8th Week
19/03 : 25/03
9th Week
26/03 : 01/04
10th Week
02/04 : 08/04
11th Week
09/04 : 15/04
12th Week
16/04 : 22/04

End of Midterm Exams
Corporate Governance
Corporate Governance
Issues Related to Full Disclosure in Financial
Reporting
Issues Related to Full Disclosure in Financial
Reporting
Sustainability and environmental Accounting
30/04 : 06/05



Sustainability and environmental Accounting
Harmonization of Financial Reporting
Harmonization of Financial Reporting
15 Week
07/05 : 13/05

Discussion of Student’s Reports
Start of Final Exams.
16th Week
14/05 : 20/05
13th Week
14th Week
th
23/04 : 29/04




End of Final Exams.
th
17 Week
21/05 : 27/05
.‫ الصادر من رئيس الجامعة‬2009/15 ‫عند توزيع العالمات يرجى االلتزام بما ورد في التعميم رقم‬
3/3
‫صفحات‬
01
‫رقم اإلصدار‬
UP 32-04
‫نموذج رقم‬