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Registration for the Winter 2020 semester begins soon.  Watch your email for more details.
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Advanced Financial Accounting

Course Code: ACCT 4510
Faculty: Commerce & Business Administration
Department: Accounting
Credits: 3.0
Semester: 15 weeks X 4 hours per week = 60 Hours
Learning Format: Lecture
Typically Offered: Fall, Summer, Winter
course overview

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.

Methods of Instruction

Lectures and group discussions.

Means of Assessment

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

STUDENTS MUST WRITE BOTH THE MIDTERM EXAMINATION AND THE FINAL EXAMINATION TO OBTAIN CREDIT FOR 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.

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.

course prerequisites

ACCT 3310 with a grade of “C” or better, AND ACCT 3410 with a grade of “C” or better
OR ACCT 3310 with a grade of “C” or better AND currently active in the PDD Accounting or PDD Accounting Studies or PBD Accounting or PBD Accounting & Finance

Corequisites

Courses listed here must be completed either prior to or simultaneously with this course:

  • No corequisite courses

Equivalencies

Courses listed here are equivalent to this course and cannot be taken for further credit:

  • No equivalency courses

curriculum 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 schedule and availability
course transferability

Below shows how this course and its credits transfer within the BC transfer system. 

A course is considered university-transferable (UT) if it transfers to at least one of the five research universities in British Columbia: University of British Columbia; University of British Columbia-Okanagan; Simon Fraser University; University of Victoria; and the University of Northern British Columbia.

For more information on transfer visit the BC Transfer Guide and BCCAT websites.

assessments

If your course prerequisites indicate that you need an assessment, please see our Assessment page for more information.