ADVANCED FINANCIAL ACCOUNTING AND REPORTING (AFAR)

I. Partnership Accounting
A. Partnership Formation
B. Partnership Operation
C. Partnership Dissolution
D. Partnership Liquidation

II. Home Branch And Agency

A. Reciprocal Accounts
B. Shipment Accounts
C. Branch Inventory
D. Allowance For Overvaluation In Branch Inventory

III. Business Combination

A. Business Combination
B. Acquisition Method
C. Identifying The Acquirer
D. Acquisition Date
E. Consideration Transferred
F. Net Assets Acquired
G. Non-Controlling Interest
H. Goodwill And Gain Recognition And Measurement

IV. Consolidated And Separate Financial Statements

A. Effects Of Intercompany Transactions
B. Reciprocal Accounts
C. Intercompany Transactions
D. Consolidated Profit

V. Corporate Liquidation
A. General Order Of Priority Of Claimants
B. Priority In Case Of Multiple Claimants To An Object
C. Statement Of Affairs
D. Statement Of Realization And Liquidation
E. Estimated Recovery Of Different Types Of Claims
F. Recovery Rate

VI. Joint Arrangements

A. Joint Arrangements
B. Types Of Joint Arrangements
C. Accounting For Joint
D. Separate Financial Statements

VII. Job Order Costing

A. Job Order Costing
B. Characteristics Of Job Order Costing System
C. Accounting For Materials And Overhead
 ADVANCED FINANCIAL ACCOUNTING AND REPORTING (AFAR)
VIII. Process Costing
A. Feature Of Process Costing
B. Cost Of Production Report
C. Flow Of Materials In A Manufacturing Entity
D. Weighted Average
E. FIFO
F. Production Losses In Process Costing

IX. Foreign Currency Transactions And Hedging Activities Using Derivatives

A. Authoritative Pronouncements
B. Functional Currency
C. Presentation Currency
D. Monetary Items
E. Spot Exchange Rate.
F. Foreign Currency Transactions
1. Initial Recognition
2. Subsequent Recognition
3. Exchange Differences
G. Change In Functional Currency

X. Translation Of Foreign Currency Financial Statements

A. Authoritative Pronouncements
B. Translation To A Different Presentation Currency

XI. Non-Profit Organization

A. Authoritative Pronouncements
B. Nature Of Non-Profit Organization
C. Financial Statements
D. Contributions

XII. Activity Based Costing

A. Traditional Costing
B. Activity Based Costing

XIII. Back-flush Costing

A. Just In Time System
B. Back-flush Costing