My advanced accounting course covers  business combinations and consolidated financial statements, comprehensive coverage of accounting and financial reporting of state and local governments, and in-depth study of partnerships and fiduciary accounting.  These topics are covered on the CPA exam.  Browse from menu above

Advanced Accounting Course
Advanced Accounting Course

  • Chapter 1

    Introduction to Business Combination (4 lessons)
    Topics covered

    Introduction to Net Asset Acquisition; Stock Acquisition; Business Consolidations; Asset and Stock Acquisition: Method of Payment; Excess Earnings to Estimate Goodwill; Advanced Accounting.

  • Chapter 2

    Accounting for Business Combinations ( 4 lessons)
    Topics covered

    Goodwill Impairment; Contingent Consideration in a Business Acquisition; Acquisition Accounting & Expenses in a Business Combination; Contingent Consideration in a Business Acquisition; Advanced Accounting.

  • Chapter 3

    Consolidated Financial Statements — Date of Acquisition (2 lessons)
    Topics covered

    Variable Interest Entity; Consolidated Balance Sheet; Elimination of Investment; Advanced Accounting.

  • Chapter 4

    Consolidated Financial Statements – After Date of Acquisition (7 lessons)
    Topics covered

    Investments in Stocks Advanced Accounting, Consolidated Financial Statements Cost Method, Consolidated Financial Statement in Subsequent Year, Equity Method Consolidated Financial Statements, Consolidation Equity Method Full Year Alternative Method.

  • Chapter 5

    Allocation and Depreciation of Differences Between Implied and Book Values (5 lessons)
    Topics covered

    Allocating the Difference Between Implied and Book Value, Consolidate Financial Statement Allocating the Difference, Push Down Accounting Advancing Accounting.

  • Chapter 6

    Elimination of Unrealized Profit on Intercompany Sales of Inventory (5 lessons)
    Topics covered

    Elimination of Unrealized Profit on Intercompany Inventory Sales Advanced Accounting, Elimination of Unrealized Profit on Intercompany Inventory sales advanced, Upstream Sale Equity Elimination of Unrealized Profit Advanced Accounting.

  • Chapter 8

    Changes in Ownership Interest (3 lessons)
    Topics covered

    Changes in Ownership Interest Advanced Accounting, Control Maintained Cost and Equity Method Advanced Accounting, Loss of Control Advanced Accounting

  • Chapter 12

    Accounting for Foreign Currency Transactions and Hedging Foreign Exchange Risk (4 lessons)
    Topics covered

    Foreign Currency Transactions, Hedging, Fair Value method, Cash Flow Hedge.

  • Chapter 13

    Translation of Financial Statements of Foreign Affiliates (3 lessons)
    Topics covered

    Introduction to Translation of Foreign Financial Statements; Translation Method of Foreign Financial Statements: Current Rate Method and Temporal Method; Advanced Accounting.

  • Chapter 15

    Partnerships: Formation, Operation, and Ownership Changes (4 lessons)
    Topics covered

    Introduction to Accounting for Partnerships; Accounting for  Allocation of Income/Loss; Accounting for Admission of a New Partner; Accounting for Withdrawal of a Partner; Advanced Accounting.