Advanced Financial Accounting - Online
14 Hours

This 14-hour online course will go through the following topics:

Session 1 (2hours 43mins)
- Business Acquisition & Expansion
- Internal/External Business Expansion
- Business Combinations Methods
- Internal Expansion Accounting
- Forms of Business Combinations
- Valuation of Business Entities
- Statutory Merger
- Acquisition Accounting
- Acquisition Accounting Goodwill
- Acquisition Accounting Bargain Purchase
- Financial Reporting After a Business Combination
- Measurement Period and Contingent Considerations
- Consolidation Process Overview
- Practice Problem One Company Creates Fully Owned Subsidiary
- One Company Fully Purchasing Another
Using Bonds
- One Company Fully Purchases Net Assets of Another Using Common Stock

Session 2 (2hours 17mins)
- Accounting Related to Ownership & Control
- Securities Carried at Fair Value Accounting
- Investments Using the Equity Method
- Consolidation Process 100% Owned Subsidiary
- Example Problem Fair Value Method, Equity Method
- Consolidation Year 1 Equity Method, Cost Method

Session 3 (1hour 17mins)
- Usefulness of Consolidated Financial Statement
- Direct & Indirect Control
- Consolidation for Non Wholly Owned Subsidiary
- Consolidation Calculations Less Then Wholly Owned Subsidiary
- Example Consolidation Year 0, Year 1



Session 4 (1hour 45mins)
- Consolidation When There is a Book & Fair Value Difference Overview
- Consolidation With Difference Simple Example
- Intercompany Transactions
- Push Down Accounting
- Consolidation 100% Owned Goodwill & PP&E Value Adjustments
- Consolidations Less Than 100% Owned Subsidiary
- Consolidation Less Than 100% Owned, Fair Value Differ from Book, Goodwill, Year One

Session 5 (1hour 28mins)
- Eliminating Intercompany Transactions
- Parent Sale to Sub & Sub Resold
- Sale From Parent to Sub, Sub Has Not Resold
- Inventory Transfers & Transfer Pricing
- Transfer of Long-Term Assets & Services Overview
- Equity Method and Land Transfer
- Depreciable Asset Transfer
- Intercompany Debt Transfers Overview

Session 6 (44mins)
- Consolidation & Preferred Stock
- Consolidation Parent Sale of Subsidiary Shares
- Subsidiary Sells Additional Shares to Nonaffiliate
- Subsidiary Sells Additional Shares to Parent
- Subsidiary Purchases Shares from Parent
- Consolidation When There is Complex Ownership Structure
- Consolidation & Subsidiary Stock Dividends
- Consolidated Statement of Cash Flows
- Consolidation - Interim Acquisition
- Consolidation & Income Taxes

Session 7 (1hour 26mins)
- Foreign Currency Exchange Rates
- Foreign Currency Transactions
- Forward Exchange Financial Instruments
- Attempts to Converge to One Set of Global Accounting Standards
- Functional Currency

Session 8 (1hour 29mins)
- Segment Reporting Overview
- Threshold Tests for Segment Reporting
- Estimated Annual Tax Rate
- Enterprise-wide Disclosures
- Segment Reporting
- Interim Financial Reporting Rules
- Interim Income Statement & Tax Estimate with Q1 Loss

Session 9 (1hour 05mins)
- SEC Structure & Regulatory Authority
- Registering Securities with SEC Process
- Periodic Reporting Requirements
- Requirements for Management Reporting Laws
- Disclosure Requirements

By the end of the  in-depth course, learners will have a better understanding of the subjected topic and gain better knowledge

The goal of the presentation is NOT to elaborate on the details but to educate the learners on how to work effectively for the best outcomes.