ACCY 506

Credit: 2 OR 4 hours.

Financial accounting principles related to entities other than the "single" corporate entity. These other organizational forms include the consolidated corporate entity and the partnership entity. Topics include consolidated financial statements, intra-entity asset transactions, segment and interim reporting, foreign currency transactions and hedging foreign exchange risk, translating foreign currency financial statements, formation and operation of partnerships, and the development of worldwide financial reporting standards.

2 or 4 graduate hours. No professional credit. May be repeated up to 4 hours for iMSA and online students that complete the first part of the course content in a 2-hour section (part A) and then complete the remainder of the class in a second 2-hour section (part B). Credit is not given for both ACCY 410 and ACCY 506. Prerequisite: ACCY 501, and credit or concurrent enrollment in ACCY 502.