ACCT 4200

Students examine a range of complex issues in financial reporting. Topics include the development of financial accounting standards; temporary and long-term investments in debt and equity securities including investments in associates; business combinations and joint ventures; consolidation at acquisition; consolidation subsequent to acquisition; intercompany profits in inventory, land and depreciable assets; foreign currency transactions and hedge accounting; translation and consolidation of international operations; accounting for not-for-profit organizations and public sector reporting.