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

Prerequisite

Credits

Credit Hours

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