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Advanced Accounting

Course Number: 
ACC-321
Minimum Credits: 
4
This course focuses primarily on financial accounting concepts and methods of analysis applicable to accounting for (1) combined, consolidated financial statements; (2) multinational accounting issues (foreign currency transactions and financial instruments, and translation of foreign entity financial statements); (3) governmental and not-for-profit accounting; and (4) a sampling of other accounting issues to be covered as time allows (such as accounting for partnerships, SEC reporting, and interim and segment reporting). Upon successful completion of this course, students will recognize the ethical implications and understand the precise accounting terminology and rules and procedures related to combined and/or consolidated corporations, as well as other entities, including governmental and not-for-profit organizations. In addition, students will recognize and account for transactions with foreign countries that have currencies other than U.S. dollars (foreign currency exchange rate differences), and be able to translate and/or restate financial statements that are denominated in currencies other than U.S. dollars.