Financial Reporting II

Catalog description

Topics involving consolidated financial statements, special purpose entities, derivative financial instruments, and use of the Financial Accounting Research System (FARS). ACCT 573 Financial Reporting II (3) This course covers (a) advanced topics related to the preparation of consolidated financial statements, (b) accounting for derivative financial instruments, (c) accounting for off-balance sheet financing and special purpose entities, and (d) the use of the Financial Accounting Research System (FARS) to explore advanced financial reporting issues. This course relies upon textbooks-based, lecture-based, and case-based learning. It is guided by financial reports. It explores the means of preparing certain financial statements and the ways of interpreting them. It is assumed that students taking this course have either completed ACCT 572 or have completed courses providing significant coverage of consolidations, foreign currency trasactions, governmental accounting and not-for-profit accounting at either the undergraduate or graduate level.