ACC4124

Government/Special Topics

Back to Course Guide

Course Syllabi

Course Rotation

Distance Learning

  • Spring
  • Summer
  • Fall
  • Winter

Classroom Learning

  • Spring
  • Summer
  • Fall
  • Winter

How To Register

Call 972-279-6511
Talk to an Advisor

Current Students

Log into Portal

The course presents problems and case studies in accounting for partnerships, bankruptcy, governmental and not-for-profit entities. Also, accounting for estates and trusts and international accounting are presented.

 

PREREQUISITE: ACC3115

 

UPON COMPLETION OF THE COURSE, THE STUDENT WILL BE COMPETENT IN:

  • Accounting for the formation and organization of a partnership.
  • Applying partnership agreements to financial reports.
  • Calculating partnership operational income and distributions.
  • Accounting for termination and liquidation of a partnership.
  • Preparing a Statement of Realization and Liquidation for a partnership.
  • Applying the Bankruptcy Act in accounting for bankruptcies and liquidations.
  • Accounting for legal reorganizations.
  • Preparing a Statement of Financial Affairs.
  • Accounting for Estates and Trusts and compliance with tax requirements.
  • Accounting for the unique characteristics of government entities.
  • Applying the basic concepts of fund accounting including budgets, encumbrances, and interfund transfers for governmental entities.
  • Applying related official pronouncements of the GASB and the FASB.
  • Preparing financial reports of a governmental entity and a not-for-profit entity.
  • Comparing and contrasting not-for-profit entities with governmental entities and commercial enterprises.
  • Analyzing foreign currency translations and remeasurements.
  • Preparing foreign currency hedging transactions and adjustments.
  • Calculating foreign currency exchange rates.
  • Tracing the development of International Accounting concepts and procedures.

Course Syllabi