Advanced Financial Accounting

The Advanced Financial Accounting course covers intercorporate investments in passive investments, associates, and subsidiaries. Emphasis will also be placed on foreign transactions and the translation of a foreign subsidiary's financial statements. The course also examines the financial reporting for not-forprofit organizations using fund accounting. Accounting for contributions using the deferral method and the restricted fund method will also be discussed. Professional judgment and the ability to apply relevant accounting standards will be developed and enhanced to enable students embark on a successful career in the accounting profession.