ACCT481 - Advanced Accounting

General

Prefix
ACCT
Course Number
481
Course ID
00000411
Course Level
Undergraduate
Instruction Mode
Lecture
Department(s)
Accounting
Description
Accounting for business combinations, consolidated financial statements, and partnerships. Prereq.: "C" or better in ACCT 382.
Cross Listed Courses

Prerequisites

Credits

Min
3
Max
3
Repeatable
No

Goals and Diversity

MN Goal Course
No
MN Goal Designation(s)
-
Cultural Diversity
No

Learning Outcomes

Outcome
Prepare consolidated financial statements in conformity with GAAP and explain and interpret the following complicating factors: a. partial ownership of investee companies, b. valuation differentials, and c. intercompany inventory, plant asset, and bond transactions.
Outcome
Compute basic and diluted earnings per share for a consolidated entity.
Outcome
Allocate income for complex ownership structures involving indirect and mutual stock holdings.
Outcome
Analyze and record partnership transactions for: a. formation of partnership, b. subsequent operation of the partnership, c. changes in ownership interests, and d. partnership liquidation.
Outcome
Prepare partnership financial statements and associated allocations for partnerships.

Dependencies

No dependencies