Course
| 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
|