ACCT 510 Advanced Accounting

General

• Determine the correct translation method and complete translation for foreign affiliate financial statements.
• Prepare consolidated financial statements using proper work paper procedures.
• Demonstrate proper accounting techniques for partnership formation, earnings distribution, and liquidation.
• Demonstrate understanding of government reporting for state and local government entities.
• Apply proper accounting methodologies for foreign currency transactions and assess; justify and communicate related strategic aspects for hedging of foreign currency transactions.
• Evaluate nonprofit entities from both a governance and financial perspective and create recommendations.
• Assess the strategic implications of business combinations and analyze a variety of asset and stock acquisition scenarios.