ACC440 Advanced Financial Accounting
Course Description
This course covers business combinations and diversified companies, consolidations of financial statements, segments, and foreign currency transactions.
Topics and Objectives
Accounting for Investments
- Explain the cost and equity methods of accounting for investments.
- Distinguish between the cost method and the equity method of accounting.
- Describe the role of the International Accounting Standards Board (IASB).
Foreign Currency Transactions and Translations
- Record foreign currency transactions.
- Prepare financial statements translated from foreign currency.
Consolidation: 100% Ownership
- Record consolidation and elimination journal entries under conditions of 100% ownership.
- Prepare consolidating financial statements under conditions of 100% ownership.
Consolidation: Less Than 100% Ownership
- Record consolidation and elimination journal entries under conditions of less than 100% ownership and economic unit, parent company, and proportionate consolidation concepts.
- Prepare consolidating worksheets under conditions of less than 100% ownership.
Consolidations: Intercompany
- Record upstream and downstream intercompany transaction journal entries.
- Prepare consolidated statement of cash flows.
- Calculate consolidated earnings per share.
Request Information
or you can call us