code EY427
credit_hours 3
title Advanced Financial Accounting
arbic title
prequisites EY211
credit hours 3
Description/Outcomes This course is the last exposure to the area of `Financial Accounting`. The main aim of the course is to learn about business combinations & consolidated financial statements. Further, the course offers an exposure to the `International Accounting` environment & the foreign currency transactions.
arabic Description/Outcomes
objectives -Define business combinations & its different formsrn-Discuss accounting for business combinationsrn-Prepare consolidated financial statements at the date of acquisition & in years subsequent to acquisitionrn-Get familiar to the `International Accounting` environmentrn-Account for foreign currency transactions.rn
arabic objectives
ref. books
arabic ref. books
textbook Advanced Accounting: Concepts and Practice, Arnold J. Pahler and Joseph E. Mori, Seventh edition, 2000
arabic textbook
objective set bullets
content set combined
Course Content
content serial Description
1 Introduction & Overview
2 Concepts of Business Combination
3 Acquisition of stock and assets
4 Accounting for business combination
5 Consolidated Financial Statements at the Time of Acquisition
6 Comprehensive Problem (Exam Review)
7 7th week exam
8 Cost Method & Equity Method
9 Consolidated Financial Statements in one year Subsequent to Acquisition
10 Consolidated Financial Statements in two Years Subsequent to Acquisition
11 Inter-company merchandise transfer
12 12th week exam
13 Inter-company merchandise transfer
14 Foreign Currency Transactions
15 General Revision & Applications
16 Final Exam