Intermediate Financial Accounting

Expand your financial accounting knowledge by studying investments, securities, debt accounting, and other sophisticated financial accounting topics in this intermediate-level course.

Interested in advancing your financial accounting abilities? This Intermediate Financial Accounting course will deepen your command of complex accounting rules and equip you with the tools to successfully handle intricate financial reporting challenges and scenarios.

The course begins by exploring the complexities of income statement presentation, addressing key components such as footnote disclosures, management discussion sections, and challenging elements, including recognition of revenue, stock-based employee compensation, interest cost accounting, and interest capitalization methods. The class addresses how to handle non-routine items, discontinued lines of business, restructuring costs, and a foundational look at earnings per share (EPS), including treatment of options and convertible securities.

Following that, you will study deferred taxation accounting, which involves the difference between book accounting value and tax accounting value, lasting versus temporary variations, calculation of effective tax rates, and an introduction to Net Operating Loss carryforwards (NOLs) and corresponding tax accounting entries. You will also examine investments between companies, the equity approach for accounting for investments, the complexities in accounting for borrowed money, the handling of deferred tax effects, and related concepts.

After finishing this course, students will be prepared to handle advanced accounting work.

A prerequisite course is required for this class:

Students should have mastered the content from Intro to Financial Accounting.

Learn more about Intermediate Financial Accounting offered by Noble Desktop.