BUS 42200 - Advanced Financial Accounting

Theory and problems of business combinations, foreign currency transactions, and partnerships.

Preparation for Course
P or C: BUS 31200 with grade of C- or better.

Cr. 3.
Notes
Enrollment in business (BUS) courses numbered 30100 and above is restricted to students who meet established criteria: business majors who have met the pre-business requirements and been admitted into one of the business majors; or students that have declared other pre-approved programs or minors which require particular business courses, and completed all course prerequisites; or students that have obtained written permission from the department through which the course is offered.
Student Learning Outcomes
1. Record and report transactions related to partnerships including the formation, operation, dissolution, and liquidation of a partnership.
2. Record and report transactions related to business combinations and the preparation of consolidated financial statements.
3. Record and report transactions related to foreign currency transactions and the preparation of consolidated financial statements for a U.S. parent company with a foreign subsidiary.
4. Record and report transactions related to not-for-profit governmental entities using the fund accounting system.