AL-KHWARIZMI INTERNATONAL COLLEGE

DEPARTMENT OF ACCOUNTNACY

SYLLABUS


Course Title: ACC 313
Description: Advanced Accounting 3
Objective: This course covers accounting theory and practice. This is a continuation of
Advanced Accounting 1 & 2. Students are expected to acquire a broad understanding of
the basic principles of advanced accounting and solve problems specifically on business
combinations, translation of financial statements in foreign currency, and accounting for
foreign currency transaction.

A. Introduction to Business Combination
a. Definition of Business Combination
b. Merger and Consolidation
c. Net Asset and Stock Acquisition Methods
B. Net Asset Method
C. Stock Acquisition Method
a. 100% and less than 100% Stock Acquisition
b. Date of Acquisition
c. Subsequent to Date of Acquisition
d. Intercompany Transaction Inventories
e. Intercompany Transactions Plant Assets
D. Translation of Foreign Currency Financial Statement
E. Accounting for Foreign Currency Transactions
a.