Ch

Advanced Accounting

1

Business Combinations

2

Stock Investments

3

Consolidated Financial Statements

4

Consolidation Techniques and Procedures

5

Intercompany Profit Transactions

6

Profit Transactions – Plant Assets

7

Intercompany Profits on Bonds

8

Changes in Ownership Interests

9

Indirect and Mutual Holdings

10

Preferred Stock, EPS, and Taxes

11

Push-Down Accounting,  Joint Ventures

12

Derivative & Foreign Currency Transactions

13

Foreign Currency Financial Statements

14

Segment and Interim Reporting

15

Partnerships – Formation, Operations

16

Partnership Liquidation

17

Corporate Liquidations & Reorganizations

18

Accounting for State & Local Government

19

Governmental Funds

20

Proprietary and Fiduciary Funds

21

Not-for-Profit Organizations Accounting

22

Estates and Trusts

Ch

Understanding Financial Statements

1

Financial Statements An Overview

2

The Balance Sheet

3

Income Statement and  Equity

4

Statement of Cash Flows

5

Earnings and Financial Reporting

6

Analysis of  Financial Statements

This course examines accounting topics for partnerships, mergers, acquisitions, business combinations, and discusses other advanced topics beyond the topics introduced in the first-year prerequisite courses, such as foreign currency translation and partnership accounting. It is designed to prepare students to interpret and analyze financial statements effectively. Therefore, prior to taking this course, students are expected to have a sound grasp of the basics of financial accounting.

This course also explores in a greater depth financial reporting topics introduced in Advanced Accounting I as well as other transactions not covered in that prerequisite course. Special emphasis is put upon specific problem solving in accounting for partnerships, business combinations and consolidations, inter-company transactions, and other aspects of inter-corporate stock ownership necessary for the preparation of consolidated financial statements. Intensive class participation is required for the success of the learning process.