Course

Advanced Financial Accounting

Faculty
Commerce & Business Administration
Department
Accounting
Course Code
ACCT 4510
Credits
3.00
Semester Length
15 Weeks
Max Class Size
30
Method(s) Of Instruction
Hybrid
Online
Lecture
Seminar
Course Designation
None
Industry Designation
None
Typically Offered
Fall
Summer
Winter

Overview

Course Description
This course will cover advanced accounting topics including current issues in financial reporting, intercorporate investments and business combinations, foreign operations, not-for-profit organizations, segmented information, and joint ventures.
Course Content
  1. Review of financial reporting theory.
  2. Changing process and financial reporting.
  3. Not-for-profit organizations.
  4. Intercorporate investments and business combinations.
  5. Advanced consolidations.
  6. Foreign currency transactions and translations.
  7. Segmented information.
  8. Joint ventures.
Learning Activities

Lectures, seminars and group discussions.

All methods of instruction apply to in class, hybrid and/or online modes of learning.

Means of Assessment

The course evaluation is consistent with the Douglas College Evaluation Policy.

Assignments/cases/tests          30-40%
Midterm examination  30-35%
Final examination  30-35%
  100%

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.

Learning Outcomes

At the end of the course, the successful student should be able to:

  1. translate a foreign subsidiary’s financial statements into Canadian dollars in accordance with generally accepted accounting principles (GAAP);
  2. prepare consolidated financial statements in accordance with GAAP for corporations with subsidiaries, joint ventures and foreign operations;
  3. record and report foreign currency transactions, including hedging transactions;
  4. prepare financial statements for not-for-profit organizations in accordance with GAAP;
  5. explain the accounting issues relating to segmented reporting;
  6. demonstrate awareness of ethical and professional standards and responsibilities of financial management professionals.
Textbook Materials

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.

Requisites

Prerequisites

(ACCT 3310 with a minimum grade of C AND ACCT 3410 with a minimum grade of C)


OR


(ACCT 3310 with a minimum grade of C AND currently active in one of the following:


PDD Accounting
PDD Accounting Studies
PBD Accounting
PBD Accounting & Finance)

Corequisites

No corequisite courses.

Equivalencies

No equivalent courses.

Course Guidelines

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.

Course Transfers

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)

Course Offerings

Fall 2022

CRN
Days
Dates
Start Date
End Date
Instructor
Status
CRN
33781
Wed
Start Date
-
End Date
Start Date
End Date
Instructor Last Name
Garabedian
Instructor First Name
Arsineh
Course Status
Full
Max
Enrolled
Remaining
Waitlist
Max Seats Count
30
Actual Seats Count
30
0
Actual Wait Count
0
Days
Building
Room
Time
Wed
Building
Online
Room
None
Start Time
18:30
-
End Time
21:20
CRN
Days
Dates
Start Date
End Date
Instructor
Status
CRN
34829
Wed
Start Date
-
End Date
Start Date
End Date
Instructor Last Name
Garabedian
Instructor First Name
Arsineh
Course Status
Open
Max
Enrolled
Remaining
Waitlist
Max Seats Count
30
Actual Seats Count
14
16
Actual Wait Count
0
Days
Building
Room
Time
Wed
Building
Anvil Office Tower
Room
908
Start Time
12:30
-
End Time
15:20