This course addresses the accounting for business combinations and consolidated financial statements.
This course intends mainly to provide students with thorough understanding of the accounting for business combinations and group accounting as well as the accounting for intercompany transactions. To this end, students are expected to utilize variety of advanced accounting methods and techniques such as the consolidation process.
Intended Learning Outcome (ILO’s)
1- Understand the acquisition method to account for business combination transactions.
2- Understand the complete equity method to account for influencing equity investments and the fair value method to account for non-influencing and non-controlling equity investments
3- Understand the process of preparing, presenting and analyzing consolidated financial statements.
4- Understand the accounting procedures to eliminate intercompany inventory transactions.
Beams, F.A., Anthony, J.H., Bettinghaus, B. and Smith, K.A., 2016. Advanced accounting. Pearson Education Limited 2018.
Activity | Percent (%) |
---|---|
Fist exam - conducted in classroom | 20% |
Quizzes | 35% |
Written assignment | 27% |
Discussion of assignment | 8% |
Student's participation including meetings and discussions | 10% |