ACCT 601 - Advanced Accounting

3 hours.
3 Credits

This course covers selected, advanced accounting topics such as accounting for business combinations, accounting for foreign transactions, and partnership accounting. The focus is on business combination, including inter-company equity investments, inter-company trading transactions, and the accounting for goodwill. Students will learn how to consolidate financial statements from separate business entities under a common control. Topics in partnership accounting include the formation, profit-loss allocation and liquidation of partnerships.

Offered (FALL)