ACC 421 - Advanced Accounting, 3 credit hours

Prerequisite(s): ACC 322
This course deals with special problems in accounting for business acquisitions and mergers. Students will be exposed to the different methods of accounting for investments on the books of the parent company. They will develop an understanding of the consolidation procedures that deal with the issues of non-controlling interests, intercompany sales, intercompany debt, and ownership patterns. In addition, partnership accounting and foreign currency translation terminology will be covered.