BPA 245 - Advanced Accounting

3 credit hours - Three hours weekly; one term.
Study the theory and application of the equity method of accounting for investments, business consolidations, variable interest entities, foreign currency transactions, advanced partnership accounting and basic governmental accounting.

Prerequisite(s): BPA 241  or BPA 242 .

Location(s) Typically Offered: Online (OL)

Term(s) Typically Offered: Fall

Course Outcomes:
Upon successful completion of this course, students will be able to:

1. Identify investments that require the equity method and apply appropriate accounting principles. 

2. Analyze situations in which consolidated financial statements must be prepared.

3. Solve accounting problems related to advanced partnership accounting.

4. Apply appropriate accounting treatment to miscellaneous advanced accounting topics and transactions.

5. Develop and apply foundational framework for governmental and nonprofit accounting.