This is a three credit transfer-level course. It advances the key practices and underlying generally accepted accounting principles relating to investments in corporate securities, business combinations and consolidations and reporting controlling interests in financial reports, foreign currency transactions, business reorganizations, and partnerships. Topics emphasized are reporting investments in corporate securities, the consolidation process, outside ownership interest, intercompany asset transactions, intercompany debt transactions, segment and interim reporting, accounting for foreign currency and hedging activities, liquidation and reorganizations and partnerships formation and liquidation.