Catalog 2011 - 2012

ACC 605 Advanced Financial Accounting

For graduate students only. This course 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 420.

Offered

fall semester