Advanced Accounting I

Undergraduate

A study of concepts, standards and procedures underlying intercorporate investments including portfolio investments, investments involving significant influence, and investments involving control. The preparation of consolidated financial statements under a variety of circumstances is studied in detail. Other topical areas, such as foreign currency transactions and translation, consolidation procedures of foreign subsidiaries and joint ventures, governmental accounting and accounting for not-for-profit organisations will also be covered. (Prerequisite: ACCT-3520.)