May 28, 2022
ACCT 4600 - Multiple-Entity Accounting and Tax Planning
Multiple-Entity Accounting and Tax Planning focuses on business combinations and consolidations. It will include financial accounting and reporting, foreign currency transactions and translation, and tax implications of business combinations. As the capstone course for the accounting major, we will include discussions of the accountant’s role in society. In particular, the accountant’s role in ethical conduct, civility, leadership and sustainability will be an integral part of this course. The course is designed to motivate students for the accounting profession, promote technical competency, develop life-long research skills, advance critical thinking, and foster the development of communication skills.
The primary references for this class are the Accounting Standards Codification and handouts posted on the class forum.
Requisites: ACCT 3050 and ACCT 3400 and Sr
Credit Hours: 3
OHIO BRICKS Capstone: Capstone or Culminating Experience
General Education Code (students who entered prior to Fall 2021-22): 3
Repeat/Retake Information: May be retaken two times excluding withdrawals, but only last course taken counts.
Lecture/Lab Hours: 3.0 lecture
Grades: Eligible Grades: A-F,WP,WF,WN,FN,AU,I
- Students will explain the impact of sustainability initiatives on organizations and the accounting profession’s practices and responsibilities.
- Students will identify and explain civil and uncivil behavior and propose civil solutions to conflict situations.
- Students will identify and propose responses and solutions to ethical dilemmas.
- Students will learn how calculate the effect of initial business combinations and the subsequent related significant intercompany transactions with and without tax implications.
- Students will learn how to prepare the analysis of investment, consolidating worksheet, and consolidated financial statements, including presentation and disclosure issues.
- Students will organize and lead a team project and provide constructive feedback to team members.
- Students will use authoritative literature to prepare advising memos and presentations to a client on the proper treatment of an acquisition related issue.
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