BA 4590 - Advanced Accounting and Research

2 lecture hours 2 lab hours 3 credits

Course Description
This course presents an in-depth analysis of advanced accounting topics. Students are introduced to the consolidation of financial statements, translation of foreign currencies, the reporting requirements of business segments, international standards, estates and trusts, partnerships, and corporations in financial difficulty. Through research and case analysis, emphasis is on both the Financial Accounting Standards Board’s Conceptual Framework and the practical utilization of GAAP. (prereq: BA 3595)

Course Learning Outcomes
Upon successful completion of this course, the student will be able to:

Construct and analyze consolidated financial statements and segment reporting
Translate and account for international accounting entries
Summarize SEC and SOX requirements
Prepare the entries necessary for partnership, estate, and trust transactions
Apply ethical standards to issues in accounting

Prerequisites by Topic

None appended

Course Topics

Partnerships
Equity method of accounting for investments
Consolidations
Consolidated financial statement and outside ownership
Consolidated financial statement and intra-entity asset transactions
Variable interest entities, intra-entity debt and consolidate cash flows
Segment and interim reporting
Foreign currency transactions, derivations, and hedging foreign exchange risk
Estates
Trusts

Coordinator
Carol Mannino

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BA 4590 - Advanced Accounting and Research