Mar 28, 2024  
2016-2017 Saint Joseph’s College Online 
    
2016-2017 Saint Joseph’s College Online [Archived Catalog]

Add to Portfolio (opens a new window)

AC 410 - Advanced Accounting


An in-depth study of consolidated financial statements, pre-acquisition and post-acquisition reporting, purchase method and pooling method of accounting.

Prerequisites & Notes
AC 310, AC 311

Assignment Overview
  • Assignments: 5 Units
  • Interactivity: Discussion Boards
  • Final Assessment: None


Course Learning Objectives
Upon completion of this course, you should be able to do the following:

  • Demonstrate an understanding of different types and methods of business expansions and combinations.
  • Prepare journal entries using the cost, equity, or fair value method for accounting for investments.
  • Develop a consolidation worksheet using spreadsheet software, such as Microsoft Excel, which includes calculations and elimination entries for the consolidation of a subsidiary under various acquisition scenarios.
  • Demonstrate an understanding of accounting procedures used in consolidating a subsidiary when there are intercompany asset or debt transfers.
  • Prepare journal entries for the operation of a partnership, including formation, allocation of partnership profit or loss, changes in membership, and liquidation.
  • Demonstrate a basic understanding of the major concepts of governmental accounting.
  • Demonstrate an understanding of financial reporting and journal entry concepts for various types of private, not-for-profit entities.


Credits: 3



Add to Portfolio (opens a new window)