Advanced Financial Accounting CTB6053A
Infos 08eng (Prof: Michel Blanchette)

19 December 2008

• I have finished marking the final exam and overall results are generally very good.
• Individual results and final grades are available in WebCT, from symbiose.uqo.ca
  • Final grades have been established with the following weightings
  • Highest exam on 45% and lowest on 35%
  • Preparation and participation = the highest of actual result and exam results weighted on 20 marks
• Each student will receive some marking comments by email, along with detailed preparation and participation results
• It was a pleasure to be your teacher.
  Merci et joyeuses fêtes!
  Michel Blanchette

5 December 2008

• Information following course #7

  • Flow chart on hedging
  • Solution to Problem 1 done in class

29 November 2008

• Information following course #6
  • Typo error in the file "Fair values for problems in chapter 9" that was posted on 21 November : the third item is chapter 9, problem 3 (instead of chapter 11, problem 6)
  • The Gallery case study : consolidated worksheet
  • Comprehensive problem on corporate investments
    • Print the Comprehensive problem
    • Familiarize with the question (pages 1-2)
    • Study the consolidated balance sheet on the date of acquisition using the full consolidation technique (page 3)
    • Look at the consolidated balance sheet on the date of acquisition using the proportionate consolidation technique (page 8)
    • Remark : don't try to understand the rest of the document as it includes some techniques that won't need to be applied in the exam and/or that are at a discussion level only

24 novembre 2008

• Correction to problems for self-study (standard 3865)

21 November 2008

• Information following course #5
  • Definition of a derivative
    • CICA Handbook, standard 3855, paragraph 19e
    • Page 3-4 of the following text : Accounting for Derivatives : Key Issues (Blanchette, Hague, 2000)
  • Solution to the problem discussed in class
    • Solutions D, F, G, H, I
    • Take note that solutions D, F, G and H are level A (application)
    • Part I is level B (discussion)
  • Text with five examples
    • Hedging strategies and hedge accounting : five practical examples adapted to Canadian GAAP (Blanchette, 2006)
    • Take note that examples no.1 and no.3 are level A (application)
    • Examples no.2, no.4 and no.5 are level B (discussion)
  • Additional information about problems in Byrd & Chen
    • Fair values for problems in chapter 9 (revised 29 November)
• Preparatory work for the subject "Corporate investments"
  • Read the Course outline pp.20-21
  • Print the following documents :
    • Slides for courses #6-7
    • Summary of accounting for corporate investments
    • Problem on purchase discrepancy

19 November 2008

• Individual results of mid-term exam are now posted on WebCT (symbiose.uqo.ca)
• In general, results are quite good. Overall average is 76%.
• Agenda for next course:
  • Between 8h30 and 9h30, I will meet each student individually and provide feedback on mid-term exam. Each meeting will be 5-minute max.
  • The course will start at 9h30 and end at 4h30.
  • I can answer questions and give additional feedback after the course.

10 November 2008

• Take note that the mid-term exam is Saturday, 15 November, 8h30 to 12h30, room B-1020

• Preparatory work for course #5, on 21 November
  • Refer to Course outline pp.18-19
  • Print and have a quick look to
    • Slides of the next subject (courses #5-6)
    • Hedging Strategies and GAAP: A Marriage Made in Heaven ? (CMA Management, October 2006)
      • Text
      • Tables in pdf format
      • Remark : for now, a quick read of this article is sufficient - understanding will be much easier after the next lecture
  • Familiarize with the following problem + take 20 minutes to think about questions A, B, C and D
    • Problem on hedging

8 November 2008

• Following course #3

  • Worksheets used in class
  • Comprehensive solution of the same problem

31 October 2008

• Following course #2
  • Solution to the problem on earnings per share
  • Example of retroactive treatment according to CICA Handbook, standard 1506
• Preparatory work for course #3
  • Refer to the Course outline p.17
  • Homework
    • To be submitted by email to michel.blanchette@uqo.ca before November 7, 3pm
    • Answer question A only of this foreign currency problem (you don't need to refer to Standard 1651 of CICA Handbook to answer)
  • Have a quick look to familiarize with the following problem
    • Problem on foreign operations
  • Print the following documents
    • Slides for course #3
    • Foreign Currency Translation
  • Take note of some corrections/additions to chapter 10 of Byrd & Chen

26 October 2008

• Following the first course
  • General comments and web access
  • Solution to the problems on shareholders' equity
• Other information for the second course
  • Please familiarize this problem on earnings per share

16 October 2008

• Take note of the following correction to page 10 of the course outline

8 October 2008

• Here is the Appendix to the course outline - Problems

20 August - 24 October 2008

• Update on subjects chosen for the practical assignment

5 August 2008

• Bonjour and welcome!

• This section contains ongoing instructions to students of the course CTB6053A offered at Université du Québec en Outaouais at Fall 2008. Information is presented in chronological order from the most recent
• Here is the preparatory work for course #1 scheduled on 25 October 2008:
  • Familiarize with the Website (w3.uqo.ca/michel.blanchette/6053menu.htm)
  • Take note of the Schedule
  • Print and read the Course outline
    • Revise, if needed, prior knowledge
    • Prepare the subjects of course #1
    • Submit by e-mail as soon as possible to the teacher a choice of subject for the practical assignment (refer to page 5 of the course outline). For those interested, the assignment can be done before the beginning of the session for some subjects; in that case, the oral presentation is at course #1 (must be approved in advance by the teacher)
  • Print the following documents:
    • Slides for courses #1 and #2
    • Example on bonds
    • Problems on shareholders' equity
    • P.S. contact the teacher to obtain password
• Your comments and suggestions are welcome
• See you soon!
• michel.blanchette@uqo.ca

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