ACTG 413: Advanced Financial Topics
Prerequisites: ACTG 314 or permission of instructor
Credit Hours: (3)
This course is designed to provide students with an understanding of special problems in accounting with emphasis on consolidation, segment and interim reporting, and foreign transactions and translation reporting, and SEC reporting.
Detailed Description of Content of Course
1. Accounting and Reporting for business combinations
a. Equity method of accounting
b. Consolidation on date of acquisition
c. Consolidation after the date of acquisition
d. Consolidation with less than 100% ownership
e. Intercompany transactions
2. Reporting business segment and interim reporting
3. Foreign transactions
a. Reporting transactions
b. Hedge accounting
4. Translation of foreign financial statements
5. Basic SEC reporting requirements
Detailed Description of Conduct of Course
Multiple teaching methods are employed in the course. These include:
1. Lecture (75%)
2. Open Discussion (20%)
3. Guest lecturers (5%)
Students are evaluated using in class exams, homework, and activities and projects.
Goals and Objectives of the Course
The following objectives are established and measured to determine if this goal has been met. At the completion of this course, students will be able to:
1. Understand the accounting and reporting for business combinations.
2. Understand the reporting requirements segment and interim reporting.
3. Understand the accounting and reporting requirements for foreign transactions and
hedging activities.
4. Understand the accounting and reporting requirements for translation of foreign
financial statements.
5. Know basic SEC reporting requirements.
Assessment Measures
Graded assignments may include in-class tests, a final examination, quizzes, the assignment and presentation of activities and exercises, assigned activities and projects.
Other Course Information
None
Review and Approval
Date Action Reviewed by
February 2011
March 27, 2012