Advanced Financial Accounting I

Start Date

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May 27, 2024

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$1,750.00

How To Enroll?

Undergraduate
5 Quarter Credits
6 Weeks
Faculty Led

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Course Description

Lease accounting from the perspective of the lessor and lessee is an important consideration for business as an alternative to financing. But what options are available for lessors and lessees in accounting for lease transactions? In this course, students have the opportunity to investigate and respond to prevailing accounting issues in this area. This course continues the three-course sequence of Intermediate Accounting. Students assess and explain the measurement and reporting disclosures for leases, pensions, equity compensation, derivatives, and earnings per share. They apply best practices in the presentation of financial statements and analyze how these relate to the auditing function. Students also gain hands-on practice in determining pension obligations and expenses. As a basis for their coursework, students apply the Financial Accounting Standards Board's Accounting Standards Codification and international financial reporting standards.

Pre-Requisites

ACCT3001: Intermediate Accounting I OR ACCT3003: Intermediate Accounting II OR ACCT3004: Intermediate Accounting III OR ACCT3005: Intermediate Accounting IV

Admission Requirements

Have one of the following:
- High school diploma;
- GED Conferred; or
- Collegiate transcript including 12 or more credits completed as a degree-seeking student
Unofficial transcript(s) from institution(s) with accreditation recognized by Council for Higher Education Accreditation (CHEA) or US Department of Education. Unofficial transcripts must include the name of the institution, student name, grades earned, credits earned, degree earned (if applicable), course names/numbers and dates of attendance
In addition to meeting the above criteria, candidates must also meet at least one of the following:
- Be 21 years of age or older;
- Be less than 21 years of age with 12 quarter credit hours of college credit;
- Be active military or a veteran (must provide documentation of service)
You can review more detailed admission requirements in the Walden University Student Handbook.