ACCT 457 Advanced Accounting
A course of specialized accounting procedures and reporting with emphasis on multi-corporate entities, multinational entities, and partnership.
Offered
Fall
Student Learning Outcomes
- Understand and explain the reasons for and different methods of business expansion
- Apply generally accepted accounting principles (GAAP) for the creation of a subsidiary and acquisition of the net assets of an investee
- Apply GAAP for the investments that lack control over the investee and for investments with indirect control
- Apply GAAP to and analyze the results of investments that require consolidated financial statements
- Understand and exp0lain partnership accounting as it relates to formation, retirement, income allocation, and liquidation of a partnership
- Understand and explain GAAP as it relates to corporations in financial difficulty