MBA622: Advanced Accounting

Course Credits:
Course Hours Per Week:

Course Overview

This course systematically explains advanced accounting concepts within a professional context, showing how advanced accounting applies to a variety of service and manufacturing organizations. Students will investigate a wide range of related topics including:

  • Consolidation of financial statements
  • Translation of foreign currency financial statements
  • Partnership formation, operation, termination, and liquidation
  • State and local government accounting

Using key concepts, students analyze complex problems using fundamental and advanced principles and practices appropriate for advanced accounting. Application of advanced accounting judgment and learning are focused on engaging, real-world examples, illustrations, and analogies.

Course Learning Objectives

  • Discuss accounting concepts, techniques, regulations, trends and ethics with peers.
  • Determine the value of assets, liabilities and goodwill for business combinations.
  • Apply consolidation concepts and techniques that pertain to financial information at the date of acquisition and after acquisition.
  • Prepare consolidated work papers and financial statements using the complete equity method.
  • Analyze financial statements under both IFRS and U.S. GAAP, with attention to joint convergence topics of the IFRS and FASB.
  • Apply techniques for foreign currency transactions and hedging foreign exchange risk.
  • Translate foreign currency financial statements.
  • Prepare financial reports for segments and interim financial periods.
  • Apply advanced accounting concepts and techniques to complex cases and comprehensive problems.

Course Prerequisites