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Intermediate Financial Accounting

Deepen your grasp of complex accounting principles and prepare for advanced financial reporting scenarios through this course at NYIM Training. Pick up insight into income statements, handling unusual items, deferred taxes, intercompany investments, and more. Push your financial accounting skills further and be ready to take on complicated accounting tasks.

  • Intermediate
  • 18 and older
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  • 185 Madison Ave, New York, NY & Virtually Online
  • 7 hours

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Class Description

Description

Develop comprehensive expertise in the areas of investments, financial instruments, debt accounting, and other sophisticated financial accounting topics in this comprehensive course.

Looking to elevate your financial accounting capabilities? This Intermediate Financial Accounting course will expand your understanding of challenging accounting principles and equip you to handle the complexities of sophisticated financial reporting situations.

This course begins with an examination of income statement complexities, covering essential details such as explanatory notes and management analysis, along with intricate elements, including how companies recognize revenue, accounting for employee stock compensation, treatment of interest costs, and capitalized interest amounts. The class explores how to properly classify unusual transactions, handle discontinued business segments, account for restructuring expenses, and understand the fundamentals of earnings per share (EPS), including stock options and convertible debt instruments.

The program then shifts focus to deferred income tax accounting, which covers the relationship between book accounting and tax accounting, permanent versus temporary differences, how to calculate effective tax rates, and an overview of Net Operating Loss carryforwards (NOLs) and required tax accounting entries. You will also explore accounting for corporate investments held in other companies, the equity accounting method for investments, the intricacies of accounting for borrowed funds, handling of deferred taxes in various contexts, and additional related topics.

Upon completion of this course, students will possess the skills to manage complicated accounting situations.

Expand your expertise and get a better value with a bootcamp option:

  • Financial Accounting Bootcamp

Learn more about Intermediate Financial Accounting at NYIM Training.

Syllabus

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 asset and liabilities
  • Introduction to NOLs
  • NOLs-related tax journal entries

Intercompany Investments

  • Trading, available for sale, and held to maturity securies
  • 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

Refund Policy

  • Students may cancel up to 11 business days before the class/program start date and receive a refund, less the registration fee (10% of the undiscounted course price).
  • Cancellations within 11 business days are not permitted, but students may reschedule up to 4 business days before the class start date.

For cancellations and reschedules, please email us at [email protected]

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