Accounting (ACCT) 451
Advanced Financial Accounting (Revision 14)
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Area of Study: Applied Studies
(Business and Administrative Studies)
Faculty: Faculty of Business
ACCT 451 is not available for challenge.
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.
- 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 7: (A) Intercompany Profits in Depreciable Assets; (B) Intercompany Bondholdings
- 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
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:
In response to COVID-19 containment directives, temporary online exam(s) are available for this course.
To learn more about assignments and examinations, please refer to Athabasca University's online Calendar.
Hilton, M. W., & Herauf, D. (2019). Modern advanced accounting in Canada (9th ed.). McGraw-Hill Ryerson. ISBN-13: 978-1-25-965469-5
A print version of the eText may be available for purchase from the publisher through a direct-to-student link provided on the course website; you can also acquire the textbook on your own if you wish.
All other learning resources will be available online.
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.
Opened in Revision 14, June 26, 2020.
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