. This online course is offered through the Center for Distance Learning. You can take this as an individual course or as part of an online degree program, with term starts in March, May, September, November and January. View current term offerings and all online courses. Click here to register for online courses.
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Upper Level
Credits: 6
Term(s) Offered (Subject to Change) : Sep.
Apply financial accounting theory to problems and cases involving the recording of transactions, changes in ownership and liquidations, adjusting and closing procedures, the reporting processes for partnerships, consolidated financial statements, multinational enterprises and governmental units.
This six-credit version covers additional topics including branch/home office operations, bankruptcies and reorganizations, estates and trusts, ethical practices, segment accounting/SEC reporting and reporting for other non-profit organizations.
Note: students need EXCEL or equivalent spreadsheet software. Students planning to sit for the C.P.A. exam in the State of New York should discuss with their advisor or the Area Coordinator for Accounting the C.P.A. licensure requirements.
Prerequisites: Introductory Accounting 1, Introductory Accounting 2, Intermediate Accounting 1, Intermediate Accounting 2, at least one course in Legal Environment of Business or equivalents. Prior coursework in income tax, cost accounting and finance would also be helpful. If a significant time interval has occurred since the student completed intermediate accounting and other prerequisite courses, the student should undertake an intensive review of this foundation knowledge before attempting this study. Such students are advised to consult with the course tutor before enrolling.
