Advanced Accounting

Catalog description

This course introduces students to accounting topics aligned with the Financial Accounting Standards Board Accounting Standards Codification (FASB ASC). The focus is on business combinations which provide the basic knowledge necessary to successfully complete the certified public accountant (CPA) examination. Accounting for derivatives, foreign currency transactions and translations and international reporting standards are included. Additional topics include partnerships, governmentals, antitrust considerations, not-for-profits, variable interest entities, fair value accounting and estates and trusts.