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    Saint Joseph's College: Online Programs
  Feb 25, 2018
2017-2018 Saint Joseph’s College Online
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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

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