ACC 250 Advanced Accounting

Lecture: 3 Lab: 0 Clinic: 0 Credits: 3

This course is designed to analyze the special accounting issues, which may include business combinations, partnerships, international accounting, estates, and trusts. Emphasis is placed on analyzing transactions and preparing working papers and financial statements. Upon completion, students should be able to solve a wide variety of problems by advanced application of accounting principles and procedures.

Pre-requisite(s): ACC 220 .
Course is typically offered in Spring.
Course has transfer restrictions - 10 years

Student Learning Outcomes (SLOs)
Upon successful completion of the course, a student should know how to do the following:

Contrast accounting methods for acquisition of assets and acquisition of a controlling interest in a company’s common stock.
Interpret consolidated worksheets for various accounting cost methods.
Prepare elimination journal entries for inter-company loans and notes.
Create fund financial statements for the General Fund of governmental entities.
Generate agreements and accounting reports for partnerships.
Distinguish financial reporting needs of governmental entities and profit-seeking business enterprises.