Advanced Accounting – ACCT 402

CG • Section 8WK • 11/08/2019 to 04/16/2020 • Modified 07/28/2020

Course Description

This is an intensive course in accounting theory and practice regarding partnerships, business combinations and consolidated financial statements. The course attempts to strike a balance between procedural explanations of currently applied accounting practices and the theoretical framework upon which those practices are based. Alternatives to current practice are also discussed.

Prerequisites

ACCT 302

 

Rationale

This senior-level course, intended primarily for those who plan to enter the accounting profession, is also useful to others who desire an in-depth study of multiple entities. The accounting student who seeks professional success in his or her career needs to understand both theory and practice in order to meet the challenges that await him or her in the future. The student is presented with concepts and applications of both theory and practice. The student is also introduced to alternatives to current practice to enhance his or her understanding of accounting practices that may evolve in the future.

Measurable Learning Outcomes

Upon successful completion of this course, the student will be able to:

  1. Apply accounting theory in analyzing and solving complex problems in accounting for partnerships.
  2. Prepare consolidated financial statements in accordance with GAAP.
  3. Apply accounting theory in analyzing and solving complex problems in accounting for consolidated entities.

Course Assignment

Textbook readings and lecture presentations

Course Requirements Checklist

After reading the Course Syllabus and Student Expectations, the student will complete the related checklist found in Module/Week 1.

Group Discussion Board Forums (4)

For this collaborative discussion board, the instructor will place the student into a group at the beginning of the course. The student is required to create a thread in response to the provided prompt for each forum. Each thread must be at least 300 words and demonstrate course-related knowledge. Threads must be supported by at least 1 scholarly source in current APA format. In addition to the thread, the student is required to reply to 1 other classmate’s thread. The reply must be at least 150 words.

Connect Homework (4)

The student will complete homework using Connect.

Excel Spreadsheet Project

The student will complete a 2-part Excel Spreadsheet Project. The student will develop an Excel spreadsheet illustrating the consolidation process used when the parent company applies the equity method, partial equity method, or initial value method to account for its investment in a subsidiary company, presented in the textbook under the heading of “Computer Project.”

Quizzes (4)

Each quiz will be completed in Connect and will cover the Reading & Study material for the assigned modules/weeks. Each quiz will be open-book/open-notes, contain 25 multiple-choice questions, and have a 2-hour time limit.