Advanced Financial Accounting
The American College of Greece
Area of Study
Taught In English
AF 2006 Financial Accounting,
AF 3131 Intermediate Financial Accounting
Course Level Recommendations
ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.
Recommended U.S. Semester Credits3
Recommended U.S. Quarter Units4
Hours & Credits
Specialized accounting knowledge on partnerships, branches, mergers, acquisitions, and consolidations including the worksheet analysis of consolidation principles.
The course provides students with significant knowledge on selected key financial accounting concepts such as partnerships and corporations, whereby students will gain an appreciation of the accounting profession and think critically about alternative accounting methods. In addition, the course offers students the opportunity to engage with specific problems on accounting entities such as partnerships and affiliated companies and the related consolidated financial statement issues which are given heavy emphasis in this course.
As a result of taking this course, the student will be able to
1. Critically apply alternative accounting techniques for partnerships.
2. Prepare and explain the accounting and reporting procedures for segments of a business enterprise.
3. Demonstrate a working knowledge and the ability to evaluate the theoretical concepts and procedures relating to group companies and consolidated financial statements.
4. Prepare and apply journal entries including the worksheet analysis of consolidation principles.
METHOD OF TEACHING AND LEARNING:
In congruence with the teaching and learning strategy of the college, the following tools are used:
- Class lectures, interactive learning (class discussions, group work) and practical problems solved in class.
- Exercises and primary source documents are assigned as homework, the solutions of which are reviewed in class or handed-in and corrected.
- Coursework Assignment: Practical assignment combined with theoretical concepts, emphasis is on analytical and conceptual thinking.
- Office hours: students are encouraged to make full use of the office hours of their instructor, where they can ask questions, see their exam paper, and/or go over lecture material.
- Use of blackboard site, where instructors post lecture notes, assignment instructions, timely announcements, as well as additional resources.