Advanced Accounting

Catalog description

Covers Securities and Exchange Commission reporting requirements, including segment and interim reporting requirements for large publicly held companies. Focuses on the equity method of accounting for investments; consolidations of financial information and consolidated reporting requirements for activities subsequent to the date of acquisition; consolidated financial statements as they pertain to outside ownership, intercompany asset transactions, and ownership patterns and income taxes; and intercompany debt, consolidated statement of cash flows, and other multi-entity issues. Other related matters covered include multinational accounting for foreign currency transactions and financial instruments, including the currency translation of foreign entity financial statements. Special advanced topics include accounting for partnerships, estates and trusts, fund accounting, bankruptcy liquidations and reorganizations, and accounting for governmental units and not-for-profit entities.