Advanced Accounting

Learning Outcomes

On successful completion of this Course, students will be able to: Describe mention the meaning of terms, characteristics of an limited liability partnership, consignment , the meaning of liquidation, Accounting system for a branch, and nature of consolidated financial statements; Explaine the partnership contract, liquidation, computation of cost of a combine and criticism of traditional concept of control; generate various of financial statements; generate financial statement of t financial statements of parent companies and subsidianes; Prepare financial statements; Produce financial report that match the case.

Topics

1. Partnerships: Organization and operation
2. Partnerships liquidation and incorporation
3. Installment Sales
4. Consignment
5. Accounting for branches
6. combined financial statements
7. Business combinations
8. Consolidated financial statement
9. on date of business combination
10. Consolidated financial statement
11. Subsequent to date of business combination
12. Consolidated financial statement: Intercompany Transactions
13. Consolidated financial statement
14. Income taxes, cash flows, and instalment acquisition
15. Consolidated financial statement
16. Special problems
17. Review.