Advanced Accounting in College.

sure why not

Absolutely not. If it's an analysis/understanding of financial statements type class (an extension of your first accounting course) that's geared towards finance kids, then I agree take it. But if it's more of a major type course for accounting kids, you'll immediately regret that decision.

I was a dual major- don't take it if it's your last semester. I felt like it only marginally helped me get an understanding of business combinations, etc.

I'm a Business major and this is the only Accounting course offered at this level. Here are some examples of what will be learned:

Cost allocation ABC and ABCM Pricing and pricing issues Strategic Management Accounting Management Accounting for performance Management Accounting for Sustainability Cost of Capital.

Any ideas?

I would recommend taking it if you've had no or little exposure to managerial accounting before.

advanced accounting are we talking here? or advanced cost/managerial?

"Advanced Accounting" is almost always Advanced Financial Accounting, and therefore, is basically the next level up from Intermediate Accounting II.........

Advanced Cost is useless unless you're trying to go into Corporate Finance. Corporate Finance is essentially Cost Accounting...........

With the description you gave, it's probably not a class you'll want to take. It'll be a pain in your ass, add little value and you'll learn everything you need to know about accounting on the job. Plus, managerial accounting won't help you in interviews so I deem this class close to worthless for someone going into ibanking. Take something that you'll actually enjoy instead.

You guys are so myopic. The point of taking a class isn't to help land interviews.

If you want to take a class that's going to be incredibly boring, somewhat difficult and time consuming, by all means take the class. It's not going to beneficial during interviews, landing interviews, and it certainly won't pertain to your job as an investment banker. Like snands said, managerial accounting is more relevant if you go into a corporate finance gig or even running your own business. Take something more interesting or a different accounting class altogether that would add more value (e.g., financial statement analysis or even individual income tax).