Montgomery College 2017-2018 Catalog 
    Jun 16, 2024  
Montgomery College 2017-2018 Catalog [ARCHIVED CATALOG]

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ACCT 249 - Advanced Accounting

The study and analysis of accounting for business combinations. This course also includes accounting for partnerships, bankruptcy as well as the assembly, design, and interpretation of consolidated statements currently required by the SEC and the AICPA as well as other relevant bodies. A continuation of financial accounting research analysis is included. Other possible areas examined are the study of accounting for home and branch operations, foreign currency, and estates and trusts. PREREQUISITE(S): ACCT 232  or consent of department. Three hours each week. Formerly AC 209.

3 semester hours

Course Outcomes:
Upon course completion, a student will be able to:

  • Analyze basic financial transactions for parent and subsidiary companies and specify their effects on external consolidated financial statements.
  • Prepare the external financial statements for the consolidated entity.
  • Account for and analyze business transactions unique to partnerships.
  • Prepare schedules for business transactions unique to bankruptcy liquidations and reorganization.
  • Demonstrate facility in the use of accounting computer applications through the use of software and perform computerized research related to topics covered in Advanced Accounting.

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