Jul 16, 2024  
2023-2024 Cal State East Bay Catalog 
    
2023-2024 Cal State East Bay Catalog [ARCHIVED CATALOG]

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ACCT 411 - Advanced Financial Accounting


Units: 3
Advanced topics in financial accounting include accounting for partnerships, business investment and consolidation, and foreign currency translation.

Prerequisites: ACCT 312 with grade C or better.
Possible Instructional Methods: On-ground or Online-Asynchronous.
Grading: A-F grading only.
Course Typically Offered: Fall & Spring


Student Learning Outcomes - Upon successful completion of this course students will be able to:
  1. Summarize accounting for the formation, dissolution, partner changes, earnings distribution, and liquidation of partnerships;
  2. Identify and apply appropriate accounting classification, measurement, and reporting for equity investment;
  3. Categorize consolidation issues and compare accounting standards on consolidation under U.S. GAAP and IFRS;
  4. Apply appropriate accounting procedures to prepare consolidated financial statements for the parent company with its fully- and partially-owned subsidiaries as of the date of acquisition;
  5. Apply appropriate accounting procedures to prepare consolidated financial statements in periods subsequent to acquisition, including intra-entity transfer of assets;
  6. Apply appropriate accounting standards under U.S. GAAP and IFRS to translate foreign currency financial statements and explain the impact from the translation on the consolidated financial statements.




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