Advanced Financial Accounting Training | Expert-Led Course

Course Description

This intensive 5-day course delves into advanced financial accounting concepts and practices. Participants will gain in-depth knowledge of business combinations, consolidated financial statements, international accounting, and partnership accounting. The course emphasizes practical application of complex accounting principles and prepares finance professionals for high-level accounting challenges.

Learning Objectives

• Master the accounting treatment for business combinations and consolidations
• Understand and apply international accounting standards and foreign currency transactions
• Develop proficiency in partnership accounting and reporting
• Analyze and prepare advanced financial statements
• Gain insights into complex accounting issues and their financial reporting implications

Course Modules

Day 1: Business Combinations and Consolidations

• Overview of business combinations
• Acquisition method of accounting
• Goodwill and bargain purchases
• Consolidated financial statements

Day 2: Advanced Consolidation Topics

• Intercompany transactions and eliminations
• Consolidated statements subsequent to acquisition
• Special purpose entities and variable interest entities
• Segment and interim reporting

Day 3: International Accounting and Foreign Currency

• Overview of international accounting standards
• Foreign currency transactions and hedging
• Translation of foreign entity statements
• Accounting for forward exchange contracts

Day 4: Partnership Accounting

• Formation and operation of partnerships
• Changes in partnership ownership
• Partnership liquidations
• Joint ventures and collaborative arrangements

Day 5: Advanced Financial Reporting Issues

• Accounting for income taxes
• Pensions and post-retirement benefits
• Accounting for leases
• Financial instruments and derivatives

Practical Wins for Participants

• Ability to prepare and analyze complex consolidated financial statements
• Proficiency in handling international accounting issues and foreign currency transactions
• Enhanced skills in partnership accounting and reporting
• Improved capability to address advanced financial reporting challenges in professional settings