Advanced Accountancy Fourth Semester
Advanced Accounting is for the young professional who wants to understand “how” a business operates. This class will prepare you to manage, report, interpret, and analyze financial data as well as help you to develop the skills necessary to understand the “story behind the numbers”!
Advanced Accountancy
Advanced Accounting expands on the Generally Accepted Accounting Principles (GAAP) and procedures for proprietorships and partnerships using double-entry accounting covered in Introduction to Accounting
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Subject-Wise High Quality Lectures by Experts
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Accompanying Content for Each Lecture
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Lecture-Wise Multiple Choice Questions for Each Subject
ADVANCED
ACCOUNTING covers accounting operations, patterns, merger of public holding
companies, foreign currency operations, changing financial statement prepared
in foreign and local currencies. Advanced accounting also includes a variety of
advanced financial accounting issues such as lease contracts, pension funds,
end of service severance payments, etc. The purpose of advanced financial
accounting and advanced financial reporting is to aid in decision-making and
strategy for a company. Basic accounting really only tells a story about where
money has come from and where it has gone. It is important to know these things
for the purposes of tracking how business is doing, but it doesn't help as much
with forecasting or strategy if more complex principles aren't understood.
Reporting to various entities regarding financial health is also a reason to
understand advanced financial accounting. Various ratios and derived reporting
numbers come from having an understanding of the more complex workings of a
company that can include company stock value, investment vehicles, and the
earnings they pay to shareholders. These items also help leaders in a company
determine the future direction of the company based on trends and other set
goals.
In
this subject we are going to learn about Branch accounting which refers to maintaining
separate accounts for different branches or locations of a company to track
their financial transactions and performance individually. Departmental
accounting involves the segregation of a company's financial information by
departments or divisions to analyze their individual performance and allocate
costs and revenues accurately. Other topics to be covered are Royalty accounting
refers to the payment or compensation made for the use of intellectual property
rights, such as patents, copyrights, or trademarks.
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