Course title: Advanced Financial Accounting II
Code: 12833
Credit: 3
Teaching Hours: 3 hrs/w X 16weeks

Overview

This course is a continuation of Advanced Financial Accounting I and explores accounting theory as applied to special problems such as accounting for partnerships, segment and interim reporting, international accounting issues including foreign currency financial statement translation and state and local governmental accounting .
 

Aims and Objectives
Students will be required to analyze the financial records of a company and address specialized accounting issues. Upon successful conclusion of Advanced Accounting, students should fufill the following goals:
1. An understanding of Partnership Accounting and Changes in Partnership Interests.
2. The liquidation process of a partnership.
3. accounting for foreign currency transactions and translation of foreign currency statements
4. contents and format of segment reporting and interim reporting

Prerequisites
Students who take part in this course are required to finish Advanced Financial Accounting I with a pass grade..

Textbook
Advanced Accounting edited by Floyd A. Beams, published by the press of People University of China

Suggested Readings (if you have)

Teaching Methodology
Class learning
Group work
Case study and presentation

Assessments
Final Examination 70%
Mid-term Examination 20%
Homework assignments and class participation 10%
Total 100%
To achieve a pass grade in this course, students must obtain 60% or more as an aggregate mark on the assessment.

Course outline
1. partnerships--- formation, operations, and changes in ownership interest
2. partnership liquidation
3. foreign currency concepts and transactions
4. foreign currency financial statements
5. segment and interim reporting