[Udemy] Advanced Financial Accounting
What you’ll learn
Learn how to apply totally different accounting strategies based mostly on ranges of management
Learn how to account for acquisitions and investments
Work complete acquisition issues in Excel
Work consolidations when the subsidiary is 100% owned
Work consolidations when the subsidiary shouldn’t be 100% owned and there’s a noncontrolling curiosity
Work consolidations when the honest worth of belongings and liabilities on the date of acquisition differs from the e-book worth leading to a differential
Work consolidations the place there are intercompany transfers reminiscent of upstream (subsidiary to mum or dad) and downstream (mum or dad to subsidiary) gross sales of apparatus and stock.
Work consolidations the place there are intercompany transactions associated to debt, bonds, and curiosity.
Ought to have an understanding of monetary Accounting ideas
Superior monetary accounting will focus closely on intercorporate acquisitions and investments in different entities.
Why study superior accounting?
Even when we don’t work in an space that applies superior accounting ideas instantly, studying them may be very helpful, as a result of it refines our expertise on the understanding of double-entry accounting, its ideas, and sensible utility.
Superior monetary accounting can be a standardized matter typically discovered on exams just like the CPA examination.
This course will break down the advanced ideas prematurely monetary accounting in a means we are able to simply grasp. How?
We are going to break down the very giant ideas lined into digestible elements. We are going to manage these elements in a means wherein they construct on each other logically, permitting us to develop our data in a scientific, sensible, and environment friendly means.
We are going to method every new part from quite a lot of angles, together with:
· PowerPoint displays discussing the most recent ideas in a dialogue format
· Observe drawback demonstrations utilizing video recordings taken of displays created utilizing OneNote
· Excel issues we are going to reveal in a step-by-step course of
Learners may have entry to the PowerPoint displays in PDF format. They can even have entry to a top level view of the assets in OneNote.
Learners may have downloadable Excel recordsdata, every having at the very least two tabs, one with the reply, one with a preformatted Excel worksheet learners can use to work via the issue in a step-by-step method.
We additionally do our greatest so as to add a trial steadiness and present the massive image as we study new ideas, a step typically missed in lots of courses. In different phrases, by the point we get to superior monetary accounting, many instructors anticipate us to have the ability to visualize all the pieces that has been realized up up to now, and solely present the brand new ideas. In actuality, even seasoned professionals may have a troublesome time imagining all of the complexities that may go on in a consolidation with out the assistance of supporting instruments like a trial steadiness to work with.
We are going to present the path steadiness, present every journal entry in our observe drawback, and put up every entry to a worksheet so we are able to see the outcomes as we go. No guessing the place a quantity got here from on this course.
Whereas studying consolidation, we are going to begin with simpler issues the place the subsidiary is 100% owned by the mum or dad firm.
We are going to then add differentials between the honest worth and e-book worth on the level of buy.
The course will transfer to conciliation the place the subsidiary shouldn’t be 100% owned, leading to us accounting for the noncontrolling curiosity.
We are going to add intercompany transfers reminiscent of upstream (subsidiary to mum or dad) and downstream (mum or dad to subsidiary) gross sales of apparatus and stock.
Learners will discover ways to account for intercompany transactions associated to debt, bonds, and curiosity.
Who this course is for:
- Accounting College students
- Accounting Professionals