Advanced Financial Accounting
- Review of financial reporting theory.
- Changing process and financial reporting.
- Not-for-profit organizations.
- Intercorporate investments and business combinations.
- Advanced consolidations.
- Foreign currency transactions and translations.
- Segmented information.
- Joint ventures.
Lectures, seminars and group discussions.
All methods of instruction apply to in class, hybrid and/or online modes of learning.
The course evaluation is consistent with the Douglas College Evaluation Policy.
Students must write both the midterm examinations and the final examinations to pass the course.
To pass this course, students must obtain a minimum of 50% on invigilated assessments, with the 50% calculated on a weighted average basis.
Invigilated assessments include, in-class quizzes, in-class tests, midterm exam(s) and the final exam.
Students may conduct research as part of their coursework in this class. Instructors for the course are responsible for ensuring that student research projects comply with College policies on ethical conduct for research involving humans, which can require obtaining Informed Consent from participants and getting the approval of the Douglas College Research Ethics Board prior to conducting the research.
At the end of the course, the successful student should be able to:
- translate a foreign subsidiary’s financial statements into Canadian dollars in accordance with generally accepted accounting principles (GAAP);
- prepare consolidated financial statements in accordance with GAAP for corporations with subsidiaries, joint ventures and foreign operations;
- record and report foreign currency transactions, including hedging transactions;
- prepare financial statements for not-for-profit organizations in accordance with GAAP;
- explain the accounting issues relating to segmented reporting;
- demonstrate awareness of ethical and professional standards and responsibilities of financial management professionals.
Darrell Herauf and Murray W. Hilton. Modern Advanced Accounting in Canada, latest Canadian edition. McGraw-Hill Ryerson, Toronto.
Alternative course materials and/or textbooks approved by the department.
Only Faculty of Commerce and Business Administration approved calculators may be used for tests and examinations.
(ACCT 3310 with a minimum grade of C AND currently active in one of the following:
PDD Accounting Studies
PBD Accounting & Finance)
No corequisite courses.
No equivalent courses.
Course Guidelines for previous years are viewable by selecting the version desired. If you took this course and do not see a listing for the starting semester / year of the course, consider the previous version as the applicable version.
These are for current course guidelines only. For a full list of archived courses please see https://www.bctransferguide.ca
|Institution||Transfer Details for ACCT 4510|
|Kwantlen Polytechnic University (KPU)||KPU ACCT 4455 (3)|
|Langara College (LANG)||LANG FMGT 3121 (3)|
|Simon Fraser University (SFU)||No credit|
|Trinity Western University (TWU)||TWU BUSI 421 (3)|
|University Canada West (UCW)||UCW ACCT 440 (3)|
|University of the Fraser Valley (UFV)||UFV BUS 439 (3)|
|University of Victoria (UVIC)||UVIC COM 4XX (1.5)|