Advanced Accounting Course
Advanced Accounting Course: Consolidations Explained
Professor Mansour Farhat’s online Advanced Accounting course explains financial reporting when businesses invest in other companies, combine operations, or conduct transactions in foreign currencies. It is designed for undergraduate and graduate accounting students and learners reviewing beyond Intermediate Accounting. On-demand lectures and worked examples connect the accounting concepts with investment entries, consolidation adjustments, and financial statement presentation.
Begin with the equity method and upstream and downstream transactions. Continue through business combinations, acquisition accounting, noncontrolling interests, intercompany eliminations, goodwill impairment, foreign currency accounting, and segment and interim reporting. Professor Farhat explains each calculation and adjustment step by step, so you can follow the reasoning behind the result. Match the lessons to your college syllabus or review a specific topic at your own pace.
Try Accounting for Investments and Equity Method from A to Z in Chapter 1 free. Subscription access is required for the remaining lessons, including Downstream Sales & Upstream Sales.
What Is Included in This Advanced Accounting Course?
Build your advanced financial reporting skills with explanations, practice questions, slides, notes, exercises, interactive tools, and accounting lesson podcasts. Check each lesson for its available resources.
Step-by-step video lessons
Follow explanations of the equity method, acquisitions, and consolidation adjustments. Pause or replay a calculation while you work through the journal entries and financial statement effects.
MCQs and quizzes
Test your understanding with multiple-choice questions and the quizzes listed in the curriculum. Review the related explanation when an investment or consolidation problem needs another look.
Exercises and interactive tools
Apply advanced accounting concepts with the course’s exercises and interactive tools. Work through the available practice to connect an accounting treatment with its numerical application.
Slides and worked examples
Use the PowerPoint slides, downloadable notes, and worked examples to organize your review. Keep the relevant explanation beside you as you practice eliminating entries or consolidation calculations.
Podcasts for review
Revisit accounting concepts through the available lesson podcasts. Use audio for conceptual review, then return to the video or notes when you need to follow a detailed calculation.
Instructor support
Contact Professor Farhat and his team for guidance on course topics or help using the resources. The email, WhatsApp, and phone links below connect you with support.
How to Use This Advanced Accounting Course
What Students Say About Farhat Lectures
These students and accounting professionals describe their experience with Farhat Lectures across their accounting studies and exam preparation.
Advanced Accounting Course FAQs
Which Advanced Accounting lessons can I try for free?
Two lessons in Chapter 1 are available as free samples: Accounting for Investments and Equity Method from A to Z. Open the free Chapter 1 sample lessons to try Professor Farhat’s explanations. The remaining lessons, including Downstream Sales & Upstream Sales, require subscription access.
Who is this course for, and what should I know first?
This course supports undergraduate and graduate students studying advanced financial reporting. Familiarity with journal entries, financial statements, investments, and the concepts taught in Intermediate Accounting will help you follow the consolidation examples. You can also use the lessons to refresh topics you have studied before.
Does this course cover consolidations and business combinations?
Yes. The curriculum includes the acquisition method, consolidation after acquisition, noncontrolling interests, goodwill, and intercompany asset transactions. It also covers the equity method, foreign currency transactions and translation, and segment and interim reporting. Compare the lesson titles with your syllabus to choose the relevant topic.
Are the lessons live or on demand?
The lessons are on demand. You can pause, replay, and revisit an explanation while working through an investment entry or consolidation calculation. The course introduction video above explains how to use the available learning resources.
What practice and review resources are included?
Available resources include video lectures, multiple-choice questions, quizzes, PowerPoint slides, downloadable notes, exercises, interactive tools, and accounting lesson podcasts. Resource availability varies by lesson; use the curriculum below to see the topics and quizzes associated with each subject.
How do I access the rest of the course?
A Farhat Lectures subscription provides access beyond the free sample lessons. Compare the subscription plans for current membership options. Sign in with the account connected to your subscription, and contact course support if you need help accessing a lesson.
Course Content
CHAPTER 1: THE EQUITY METHOD OF ACCOUNTING FOR INVESTMENTS
Course Includes
- 50 Lessons
- 114 Topics
- 34 Quizzes