ADVANCED ACCOUNTING I (2/2 Credits)

Learning outcomes:

On successful completion of this Course, students will be able to: Explain the nature, characteristics of advanced accounting topics and special industries; Interpret economics transactions related to advanced accounting topics and special industries; Analyze journal entries necessary for economics transactions related to advanced accounting topics and special industries; Record journal entries necessary for economics transactions related to advanced accounting topics and special industries; Prepare financial statements for advanced accounting topics and special industries.

Topics:

1. Installment Sales;
2. Consignment Sales;
3. Accounting for Home Office and Branch Relationship;
4. Insurance Contract;
5. Life Insurance and General Insurance;
6. Accounting for General Mining, Exploration and Evaluation of Mineral Resources;
7. Derivatives and Foreign Currency Transactions;
8. Foreign Currency Financial Statements;
9. Segment and Interim Financial Reporting;
10. Corporate Liquidations and Reorganizations