Intermediate Financial Accounting

Take your financial accounting skills to the next level with this self-paced course. Dive deeper into complex accounting principles and prepare for advanced financial reporting challenges. You'll begin by exploring the intricacies of income statements, including footnotes, management’s discussion, and elements like revenue recognition, stock-based compensation, interest expense, and capitalized interest. The course also covers handling unusual items, discontinued operations, restructuring charges, and an introduction to earnings per share (EPS), including options and convertible securities.

Next, you'll tackle deferred taxes, comparing book versus tax basis, understanding permanent differences, effective tax rates, and an introduction to Net Operating Losses (NOLs) and tax journal entries. The course also explores intercompany investments, equity method investments, debt accounting complexities, and related topics. By the end of the course, you'll be equipped to handle advanced accounting tasks with confidence.

What You Will Learn

• Prepare for advanced accounting tasks
• Learn intricate income statement processes
• Manage unusual items and earnings per share (EPS)
• Work with deferred taxes and tax journal entries
• Navigate intercompany investments
• Understand the complexities of debt accounting

Course Outline

Advanced Income Statement

• Footnotes and management's discussion
• Revenue recognition
• Stock based compensation
• Interest expense and capitalized interest
• Unusual items
• Discontinued operations
• Restructuring changes
• EPS
  • Intro to options
  • Convertible securities 

Deferred Taxes

• Book vs. tax basics
• Permanent differences and effective tax rates
• Temporary differences and deferred tax assets and liabilities
• Introduction to NOLs
• NOLs-related tax journal entries

Intercompany Investments

• Trading, available for sale, and held to maturity securities
• Equity method investments
• Noncontrolling interests
• Consolidation method and noncontrolling interests
• Consolidation method and paying in excess of BV

Debt Accounting

• PIK debt
• Capitalized interest
• Original issue discount
• Financing fees
• Deferred taxes arising from OID and OIP

This course is available for 30 days. You can choose when to start your access period. Once you activate, you will have 30 days to complete it (access the course materials, quizzes, projects and videos). You may request one extension of seven (7) days. Other extension requests will be evaluated on a case-by-case basis. Videos are not downloadable.