AC 410 - Advanced Accounting

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

1. Demonstrate an understanding of different types and methods of business expansions and combinations.
2. Prepare journal entries using the cost, equity, or fair value method for accounting for investments.
3. 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.
4. Demonstrate an understanding of accounting procedures used in consolidating a subsidiary when there are intercompany asset or debt transfers.
5. Prepare journal entries for the operation of a partnership, including formation, allocation of partnership profit or loss, changes in membership, and liquidation.
6. Demonstrate a basic understanding of the major concepts of governmental accounting.
7. Demonstrate an understanding of financial reporting and journal entry concepts for various types of private, not-for-profit entities.