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Advanced Accounting Theory and Practice - A
MGMT X 124A
This is the first course in the 2-course Advanced Accounting sequence and covers intercompany transactions; partially owned subsidiaries; and parent company vs. entity theory valuation of minority interest in subsidiaries.
Understand business combinations, purchase vs. pooling of interests, accounting for mergers, consolidations, and acquisition of subsidiaries
Master cost vs. equity method of accounting for operations of subsidiaries and preparation of financial statements
Gain a well-balanced appreciation of the accounting profession
Explore IFRS as well as updated accounting standards
About this course:
This course examines intercompany transactions, partially owned subsidiaries and parent company vs. entity theory valuation of noncontrolling interest in subsidiaries. Topics include business combinations; accounting for mergers, consolidations and acquisition of subsidiaries; cost vs. equity method of accounting for operations of subsidiaries; preparation of financial statements; and home office and branch office relationships. Transferable for UC credit.
Prerequisites
MGMT X 120A, B, and C Intermediate Accounting Theory and Practice and MGMT X 422 Cost Accounting and Analysis, or consent of instructor.
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