Advanced Financial Accounting

Faculty
Commerce & Business Administration
Department
Accounting
Course Code
ACCT 4510
Credits
3.00
Semester Length
15 weeks X 4 hours per week = 60 Hours
Max Class Size
30
Method Of Instruction
Lecture
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.
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.

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

Textbooks and Materials to be Purchased by Students

 

Murray W. Hilton. Modern Advanced Accounting in Canada, latest Canadian edition.  McGraw-Hill Ryerson, Toronto, or equivalent.

Instructor compiled materials (if applicable)

 

Only Faculty of Commerce and Business approved calculators may be used for tests and examinations

Requisites

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

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

Institution Transfer Details Effective Dates
Kwantlen Polytechnic University (KPU) KPU ACCT 4455 (3) 2007/09/01 to -
Langara College (LANG) LANG FMGT 3121 (3) 2012/01/01 to -
Simon Fraser University (SFU) No credit 2007/09/01 to -
Thompson Rivers University (TRU) TRU BBUS 4200 (3) 2010/09/01 to -
Thompson Rivers University (TRU) TRU BBUS 420 (3) 2009/05/01 to 2010/08/31
Trinity Western University (TWU) TWU BUSI 421 (3) 2007/09/01 to -
University Canada West (UCW) UCW ACCT 440 (3) 2015/05/01 to -
University of the Fraser Valley (UFV) UFV BUS 439 (3) 2007/09/01 to -
University of Victoria (UVIC) UVIC COM 4XX (1.5) 2007/09/01 to -

Course Offerings

Fall 2021

CRN
Days
Dates
Start Date
End Date
Instructor
Status
34829
Tue
07-Sep-2021
- 08-Dec-2021
07-Sep-2021
08-Dec-2021
Garabedian
Arsineh
Open
Max
Enrolled
Remaining
Waitlist
30
24
6
0
Days
Building
Room
Time
Tue
12:30 - 15:20
CRN
Days
Dates
Start Date
End Date
Instructor
Status
37114
07-Sep-2021
- 08-Dec-2021
07-Sep-2021
08-Dec-2021
Garabedian
Arsineh
Open
Max
Enrolled
Remaining
Waitlist
30
28
2
0