ACCT 402 is consolidations and advanced accounting topics in Liberty's BS in Accounting. Its written work is four short group forums and a two-part Excel spreadsheet project that models the consolidation process under the equity, partial equity and initial value methods.
Liberty's catalog lists the course as ACCT 402 Consolidations and Advanced Accounting Topics, 3 credit hours; Canvas and the course guide file print it as ACCT402.
What ACCT 402 covers
The catalog description: This is an intensive course in advanced accounting topics such as the preparation of consolidated financial statements, business combinations, and partnerships. The course balances the study of accounting theory and applied learning exercises, such as the use of data analysis tools in the application of accounting practices and procedures.
The course is an intensive study of advanced accounting topics such as preparing consolidated financial statements, business combinations and partnerships, balancing theory with applied exercises that use data analysis tools. The text is Hoyle et al., Advanced Accounting, starting with partnerships (chapters 14 and 15) before consolidations (chapters 1 to 7).
Connect homework (300 points) and four quizzes (340) have no guide here. The Excel project is the textbook's "Computer Project," split into Part 1 (Week 5) and Part 2 (Week 6).
Textbook named in the published guide: Hoyle et al., Advanced Accounting (2018). Check the current edition in your Canvas section.
ACCT 402 assignments, week by week
Every graded written assignment in the published guide has its own how-to guide below. Quizzes, exams, checklists and class introductions are left out because there is nothing to write.
| Week | Assignment | Points | Length |
|---|---|---|---|
| 1 | Group Discussion Board Forum 1 | 40 | Thread at least 300 words; reply at least 150 words |
| 3 | Group Discussion Board Forum 2 | 40 | Thread at least 300 words; reply at least 150 words |
| 5 | Group Discussion Board Forum 3 | 40 | Thread at least 300 words; reply at least 150 words |
| 5 | Excel Spreadsheet Project Part 1 | 80 | Excel workbook (Part 1) |
| 6 | Excel Spreadsheet Project Part 2 | 120 | Excel workbook (Part 2) |
| 7 | Group Discussion Board Forum 4 | 40 | Thread at least 300 words; reply at least 150 words |
Week 1: Group Discussion Board Forum 1
A 300-word thread with a scholarly source and a 150-word reply. How to write ACCT 402 Week 1 Group Discussion Board Forum 1.
Week 3: Group Discussion Board Forum 2
The second group forum, with the same rules. How to write ACCT 402 Week 3 Group Discussion Board Forum 2.
Week 5: Group Discussion Board Forum 3
The third group forum, with the same rules. How to write ACCT 402 Week 5 Group Discussion Board Forum 3.
Week 5: Excel Spreadsheet Project Part 1
Part 1 of the textbook's Computer Project: build the spreadsheet that illustrates consolidation under the parent's investment method. How to write ACCT 402 Week 5 Excel Spreadsheet Project Part 1.
Week 6: Excel Spreadsheet Project Part 2
Part 2 of the Computer Project: complete the consolidation worksheet and show how the result is the same under each investment method. How to write ACCT 402 Week 6 Excel Spreadsheet Project Part 2.
Week 7: Group Discussion Board Forum 4
The last group forum, with the same rules. How to write ACCT 402 Week 7 Group Discussion Board Forum 4.
How ACCT 402 is graded
The published guide totals 1,010 points. The four group forums are 40 each (160) and the Excel project 200 (Part 1 80, Part 2 120). Connect homework is 300, quizzes 340 and the checklist 10.
| Graded item | Points |
|---|---|
| Excel Spreadsheet Project Part 1 | 80 |
| Excel Spreadsheet Project Part 2 | 120 |
| Group Discussion Board Forums (4) | 160 |
| Connect Homework (4) | 300 |
| Quizzes (4) | 340 |
| Course Requirements Checklist | 10 |
The published scale puts an A at 900 to 1010 points.
Week timing in the published guide: Each course module/week (except Module/Week 1) begins on Tuesday morning at 12:00 a.m. (ET) and ends on Monday night at 11:59 p.m. (ET). The final module/week ends at 11:59 p.m. (ET) on Friday.
How to approach ACCT 402
Read the "Computer Project" section in Hoyle et al. before Week 5 and set up the workbook with separate tabs for the parent, the subsidiary and the consolidation worksheet.
The three investment methods differ only in how the parent records the subsidiary, so build the consolidation entries so that switching methods changes as few cells as possible.
Questions students ask
What is the ACCT 402 Excel project?
A two-part spreadsheet illustrating the consolidation process when the parent uses the equity method, partial equity method or initial value method for its investment in a subsidiary, from the textbook's "Computer Project."
How long are ACCT 402 forum posts?
Threads of at least 300 words with at least 1 scholarly source, and a reply of at least 150 words to 1 classmate.
Working through ACCT 402 now?
Tell us the week and the assignment. A tutor who knows the course replies with a plan for the draft.