ACC 6300 Advanced Financial Accounting

This course provides an in-depth study of advanced topics in financial reporting, with emphasis placed on business combinations, consolidation procedures, and partnership accounting.

Credits

3 sh

Prerequisite

ACC 3320 and MSA Graduate Admission

Offered

Fall or Spring

Course Outcomes

1. Students will be able to understand and explain different methods of business expansions and the types of acquisition.
2. Students will be able to understand and explain the difference between accounting for investments carried at fair value and investment accounted for using the equity method.
3. Students will be able to understand the issues related to accounting for business combinations and preparing consolidated financial statements.
4. Students will be able to identify and calculate goodwill and other indefinite-lived intangible assets resulting from business combinations.
5. Students will be able to understand foreign currency translation concepts and be able to calculate gains or losses from translation of foreign currencies.
6. Students will be able to understand and explain the nature, regulation, as well as accounting and reporting for partnership formation, operations, and changes in membership.