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Nov 09, 2024
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2024 - 2025 College Catalog
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ACCT 320 - Advanced Accounting Credit Hours: 3 Lecture Hours: 3 Laboratory (or Other) Hours: 0
Prerequisite(s): C- or better in ACCT 220 Corequisite(s): None Restriction(s): None
This course covers accounting issues relating to business combinations and the preparation and reporting of consolidated financial statements; translating foreign currency transactions and operations; and partnership accounting.
Student Learning Outcomes of the Course:
- Apply the appropriate accounting and financial reporting rules for intercorporate acquisitions and investments in business entities
- Prepare journal entries for the equity method of accounting for intercorporate acquisitions.
- Apply the appropriate accounting and financial reporting rules for the consolidation of a less-than and wholly-owned subsidiaries.
- Prepare consolidated financial statements, including journal entries for intercompany transactions.
- Account for foreign currency transactions and the translation of foreign currency financial statements.
- Apply the accounting and the financial reporting rules for the formation, operation, and liquidation of partnerships.
Repeatable: No
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