Catalog 2014-2015

ACC 405 Advanced Financial Accounting

ACC 405 covers long-term investments, emphasizing equity investments, corporate combinations (mergers and acquisitions, including acquisitions accomplished in a series of steps) and the preparation of consolidated financial statements for wholly owned and partially owned subsidiaries, including the elimination of intercompany profits and losses. Partnership accounting also is addressed for income/loss sharing, ownership changes and liquidation.

Credits

4

Prerequisite

ACC 320 and ACC 420.