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Advanced Financial Accounting

Course Description: This course addresses - in accordance with International Financial Reporting Standards (IFRS) - the accounting treatments for business combinations and a company's investments in other companies. This course also covers the preparation of consolidated financial statements for a parent company and its subsidiaries, both at the date of control and subsequent periods.
Credit hours: 3
Prerequisites: ACCT350
Objectives of the course :

Upon completion of this course, it is expected that the student will be able to do the following:
Distinguishes between different accounting methods for accounting for a company's investments in other companies.
• Differentiates between multiple forms of mergers and acquisitions between companies.
• Applies accounting standards for measuring and disclosing business combinations and investments in companies.
• Prepares consolidated financial statements for the holding company and its subsidiaries.
• Identifies, records, and adjusts intercompany transactions between the parent company and its subsidiaries.
• Differentiates between various alternatives for company acquisitions and investment cases using accounting information

Course outputs :

Knowledge and Understanding, Chapter 1: Basic Knowledge
Terms and Concepts Related to Basic Knowledge in Various Intermediate Accounting Fields
Explanation, Interpretation, and Summary of Fundamental Knowledge in Various Intermediate Accounting Fields
Application of fundamental knowledge in various intermediate accounting fields
2. Knowledge and Understanding, C2 Specialized (Advanced) Knowledge:
Terminology and concepts related to advanced accounting knowledge in various intermediate accounting fields
Explanation, interpretation, and summary of advanced accounting knowledge in various intermediate accounting fields
Application of advanced knowledge in various accounting fields in different intermediate accounting areas
3. Skills, S3 Critical Thinking:
The student demonstrates the ability to employ critical thinking skills and develop creative solutions to complex and diverse issues and problems in various areas of advanced managerial accounting.

Additional information:
  • Last updated: 2026-04-22

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