This course covers a selected group of advanced financial accounting topics. More than half of the course addresses the related topics of investments in equity securities, business combinations, and the preparation of consolidated financial statements. The remainder of the course covers accounting for not-for-profit organizations, and the translation of foreign currency transactions financial statements.
ACCT 451 is an option in Athabasca University’s Bachelor of Commerce degree program and a required course in the University Certificate in Accounting. It meets the requirements of the Chartered Professional Accountancy program (CPA-Canada) with respect to an advanced financial accounting course.
Outline
Chapter 1: Conceptual and Case Analysis Frameworks for Financial Reporting
Chapter 2: Investments in Equity Securities
Chapter 3: Business Combinations
Chapter 4: Consolidation of Non-Wholly Owned Subsidiaries
Chapter 5: Consolidation Subsequent to Acquisition Date
Chapter 6: Intercompany Inventory and Land Profits
Chapter 8: Consolidated Cash Flows and Changes in Ownership
Chapter 9: Other Consolidation Reporting Issues
Chapter 10: Foreign-currency Transactions
Chapter 11: Translation and Consolidation of Foreign Operations
Chapter 12: Accounting for Not-for-Profit and Public Sector Organizations
Evaluation
To receive credit for this course, you must achieve an overall course grade of at least D (50 percent). In addition, you must achieve a grade of at least 50% on each examination. If your grade on either the midterm examination or the final examination is below the minimum passing grade, you will not receive credit for this course, even if your overall course grade is D (50 percent) or better.
The weighting of the composite mark is as follows:
Activity
Weight
Assignment 1
7.5%
Assignment 2
7.5%
Midterm Exam
45%
Final Exam
40%
Total
100%
The midterm and final examinations for this course must be requested in advance and written under the supervision of an AU-approved exam invigilator. Invigilators include either ProctorU or an approved in-person invigilation centre that can accommodate online exams. Students are responsible for payment of any invigilation fees. Information on exam request deadlines, invigilators, and other exam-related questions, can be found at the Exams and grades section of the Calendar.
To learn more about assignments and examinations, please refer to Athabasca University’s online Calendar.
In response to COVID-19 containment directives, temporary online exam(s) are available for this course.
Note: Students planning to transfer this course to a Chartered Professional Accountant designation are advised that they will be required to achieve a grade higher than the minimum passing grade. See the Faculty of Business CPA Requirements page for more information.
Materials
Hilton, M. W., & Herauf, D. (2019). Modern advanced accounting in Canada (9th ed.). McGraw-Hill Ryerson. ISBN-13: 978-1-25-965469-5 (eBook)
Athabasca University reserves the right to amend course outlines occasionally and without notice. Courses offered by other delivery methods may vary from their individualized study counterparts.