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Advanced Financial Accounting Techniques: Theory and Application

Comprehensive Guide to Advanced Financial Accounting Standards

Xcel Learning

Summary

Price
Save 60%
£12 inc VAT (was £30)
Offer ends 16 June 2025
Study method
Online, On Demand What's this?
Duration
1.5 hours · Self-paced
Qualification
No formal qualification
Certificates
  • Reed Courses Certificate of Completion - Free
3 students purchased this course

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Overview

The Advanced Financial Accounting course delves into complex accounting topics, designed for those with a solid foundation in financial accounting. It covers advanced consolidation techniques, including foreign subsidiaries and variable interest entities. The course also explores intricate financial instruments, hedging, and derivatives accounting. Students will learn about the accounting and reporting of pensions, leases, and revenue recognition in compliance with IFRS and GAAP standards. Additionally, the course addresses fair value measurements, impairment testing, and the nuances of intercompany transactions. Emphasis is placed on analytical skills and critical thinking to interpret financial statements accurately. Practical case studies and real-world examples ensure that students can apply advanced concepts to various financial scenarios, preparing them for senior roles in accounting and finance.

Certificates

Reed Courses Certificate of Completion

Digital certificate - Included

Will be downloadable when all lectures have been completed.

Curriculum

12
sections
12
lectures
1h 32m
total

Course media

Description

Explore the Exciting Terrain of Subjects Encompassed in This Course:

Introduction to Advanced Financial Accounting

  • Overview of course objectives
  • Review of fundamental accounting principles

Consolidation of Financial Statements

  • Principles of consolidation
  • Accounting for subsidiaries, associates, and joint ventures

Foreign Currency Transactions and Translation

  • Accounting for foreign currency transactions
  • Translation of financial statements for foreign operations

Financial Instruments and Derivatives

  • Accounting for financial instruments
  • Hedging and derivatives accounting

Revenue Recognition

  • Principles of revenue recognition
  • Application of IFRS 15 and ASC 606

Lease Accounting

  • Accounting for leases under IFRS 16 and ASC 842
  • Lessee and lessor accounting

Pensions and Other Post-Employment Benefits

  • Accounting for defined benefit and defined contribution plans
  • Reporting and disclosure requirements

Fair Value Measurement

  • Principles of fair value measurement
  • Application of IFRS 13 and ASC 820

Impairment of Assets

  • Identifying and measuring asset impairments
  • Accounting for goodwill and other intangible assets

Intercompany Transactions

  • Accounting for intercompany sales, loans, and other transactions
  • Elimination of intercompany profits

Share-Based Payments

  • Accounting for stock options and other share-based compensation
  • Valuation and expense recognition

Case Studies and Practical Applications

  • Real-world examples and case studies
  • Application of advanced accounting concepts to various scenarios

Who is this course for?

This course is designed for accounting professionals, financial analysts, and advanced students seeking to deepen their expertise in financial accounting. It covers complex techniques in accounting theory and their practical application, providing valuable insights for those aiming to excel in high-level financial analysis and reporting.

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Legal information

This course is advertised on Reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.

FAQs

Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on Reed Courses, many of which can be completed online.

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body's logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.
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Similar subjects: Accounting, Accounting and finance
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