ADVANCED FINANCIAL ACCOUNTING

Catalog description

This course will develop the judgement and decision-making skills accountants require to deal with accounting and reporting ramifications of mergers and acquisitions, complexities of modern business entities, new organizational structures for conducting business, accounting scandals related to complex business transactions, the foreign activities of multinational firms, the operations of governmental and not-for-profit entities, and bankruptcies of major firms. Students will use conceptual framework fundamentals to solve accounting problems by applying standards, understanding how business activities are reflected in the financial statements and critically evaluating the trade-offs and assumptions of accounting methods. Admission to the MS program is required to take this course. Students must achieve a B or better in this course to remain in the program.