Focuses on accounting and reporting issues associated with economic entities consisting of multiple parts. The simplifying assumption that corporations operate independent from other organizations is relaxed. Theory and practice related to accounting for business combinations, intercorporate investments, foreign currency denominated transactions, and foreign investments will be examined. Accounting and reporting by not-for-profit organizations will be considered. Weekly hours: 3 Lecture hoursPermission of the department required. Prerequisite(s): COMM 323.3
Focuses on accounting and reporting issues associated with economic entities consisting of multiple parts. The simplifying assumption that corporations operate independent from other organizations is relaxed. Theory and practice related to accounting for business combinations, intercorporate investments, foreign currency denominated transactions, and foreign investments will be examined. Accounting and reporting by not-for-profit organizations will be considered. Weekly hours: 3 Lecture hoursPermission of the department required. Prerequisite(s): COMM 323.3
