Udemy course Advanced Financial Accounting by Robert (Bob) Steele
Advanced Financial Accounting is the best Udemy course on the market. With this offer they will be able to greatly improve their knowledge and become more competitive within the Accounting & Bookkeeping category. Therefore, if you are looking to improve your Accounting & Bookkeeping skills we recommend that you download Advanced Financial Accounting udemy course.
Here you can see Udemy courses linked to: Accounting & Bookkeeping.
Course data:
- Author: Robert (Bob) Steele
- Course rating: 4.6
- Category: Accounting & Bookkeeping
- Modality: Online
- Status: Available
- Idiom: English
Abouth Robert (Bob) Steele
Through working with students from many different schools, Mr. Steele has learned best practices for helping people understand accounting fast. Learning new skills and finding the best way to share knowledge with people who can benefit from it is a passion of his.
What the udemy Advanced Financial Accounting course teaches?
What you’ll learn How to apply different accounting methods based on levels of control How to account for acquisitions and investments Work comprehensive acquisition problems in Excel Work consolidations when the subsidiary is 100% owned Work consolidations when the subsidiary is not 100% owned and there is a noncontrolling interest Work consolidations when the fair value of assets and liabilities at the date of acquisition differs from the book value resulting in a differential Work consolidations where there are intercompany transfers such as upstream (subsidiary to parent) and downstream (parent to subsidiary) sales of equipment and inventory. Work consolidations where there are intercompany transactions related to debt, bonds, and interest.
Learn advanced financial accounting from a practicing Certified Public Accountant (CPA)
More information about the course Advanced Financial Accounting
Advanced financial accounting will focus heavily on intercorporate acquisitions and investments in other entities. Why learn advanced accounting? Even if we do not work in an area that applies advanced accounting concepts directly, learning them is very useful, because it refines our skills on the understanding of double-entry accounting, its concepts, and practical application. Advanced financial accounting is also a standardized topic often found on exams like the CPA exam. This course will break down the complex concepts in advance financial accounting in a way we can easily grasp. How? We will break down the very large concepts covered into digestible parts. We will organize those parts in a way in which they build on one another logically, allowing us to develop our knowledge in a systematic, practical, and efficient way. We will approach each new section from a variety of angles, including: · PowerPoint presentations discussing the latest concepts in a discussion format · Practice problem demonstrations using video recordings taken of presentations created using OneNote · Excel problems we will demonstrate in a step by step process Learners will have access to the PowerPoint presentations in PDF format. They will also have access to an outline of the resources in OneNote. Learners will have downloadable Excel files, each having at least two tabs, one with the answer, one with a preformatted Excel worksheet learners can use to work through the problem in a step by step approach. We also do our best to add a trial balance and show the big picture as we learn new concepts, a step often missed in many classes. In other words, by the time we get to advanced financial accounting, many instructors expect us to be able to visualize everything that has been learned up to this point, and only show the new concepts. In reality, even seasoned professionals will have a difficult time imagining all the complexities that can go on in a consolidation without the help of supporting tools like a trial balance to work with. We will show the trail balance, show each journal entry in our practice problem, and post each entry to a worksheet so we can see the results as we go. No guessing where a number came from in this course. While learning consolidation, we will start with easier problems where the subsidiary is 100% owned by the parent company. We will then add differentials between the fair value and book value at the point of purchase. The course will move to conciliation where the subsidiary is not 100% owned, resulting in us accounting for the noncontrolling interest. We will add intercompany transfers such as upstream (subsidiary to parent) and downstream (parent to subsidiary) sales of equipment and inventory. Learners will learn how to account for intercompany transactions related to debt, bonds, and interest.
