MFIN5810 Advanced Financial Accounting
This course explains financial reporting and accounting practices in several specialized areas not addressed in Intermediate Accounting. These areas are business combinations (mergers and acquisitions), consolidated financial reporting, international accounting for multinational corporations, and accounting for partnerships, non-profits, and government organizations. Student knowledge of concepts learned in intermediate accounting is deepened and extended. The student is also provided with comprehensive coverage of the latest Financial Accounting Standards Board (FASB) standards and exposure drafts. All practices are compared with International Financial Accounting Standards (IFRS) as set by the International Accounting Standards Board (IASB), with which U.S. GAAP is in the process of converging.
Prerequisite
Prerequisite: MFIN.5800 Intermediate Financial Accounting