ACCT255 Advanced Accounting
Department of Business, Innovation, and Legal Studies: Accounting
- I. Course Number and Title
- ACCT255 Advanced Accounting
- II. Number of Credits
- 3 credits
- III. Number of Instructional Minutes
- 2250
- IV. Prerequisites
- ACCT200 (C or better) or permission of the Department of Business, Innovation, and Legal Studies.
- Corequisites
- None
- V. Other Pertinent Information
- None
- VI. Catalog Course Description
- This course provides a comprehensive study of business combinations and the preparation of consolidated financial statements. In addition, it explores special problems such as international accounting issues, accounting for partnerships, and the financial reporting and disclosure requirements for governmental and not-for-profit entities.
- VII. Required Course Content and Direction
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Course Learning Goals
Students will
- identify the basis for business combinations and apply the reporting standards for consolidated financial statements;
- account for foreign currency transactions;
- demonstrate the accounting related to partnership formation, operation and liquidation; and
- analyze the accounting and financial reporting for governmental and not-for-profit entities.
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Planned Sequence of Topics and/or Learning Activities
- business combinations
- consolidated financial statement
- foreign currency transactions and reporting
- partnerships
- governmental accounting
- not-for-profit accounting
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Assessment Methods for Course Learning Goals
The assessment of Course Learning Goals is based on end-of-chapter review and practice assignments (questions, exercises and problems), critical-thinking cases, and periodic testing as conceptual topics are covered. -
Reference, Resource, or Learning Materials to be used by Student:
See course syllabus.
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Review/Approval Date - Unavailable; New Core 8/2015; Revised 11/8/22