MASTER SYLLABUS
Course number and title: BUS 440, Advanced Accounting
Department: Accounting & MIS
Credit hours: 3
Prerequisites: BUS 208, Intermediate Accounting II
Fees and charges: None
Effective catalog year for this master syllabus: 2006 - 2007
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1. Catalog description:
A study of topical advanced accounting issues such as business consolidations and consolidation accounting, accounting for international (i.e.; foreign currency) transactions and translations, interim and segment reporting, governmental and not-for-profit accounting, and partnership accounting.
2. Course content:
a. Accounting theory and standard setting
b. Business combinations and consolidated statements, including date of acquisition, subsequent to acquisition and unrealized profit on intercompany inventory sales
c. International accounting and the global economy, including foreign currency transactions and financial statements
d. Interim financial reporting and segment reporting
e. Introduction to governmental accounting
3. Student learning objectives:
a. Understand transactions in large complex organizations
b. Understand consolidated financial statements
c. Understand introductory international accounting issues
d. Understand introductory non-profit and governmental accounting
e. Prepare for the CPA and CMA exam
4. Student assessment criteria:
Several assessment tools may be used including exams, quizzes, papers, homework, participation and attendance.