Advanced Accounting Course

Study consolidations, business combinations, the equity method, and foreign currency accounting with Professor Farhat’s Advanced Accounting course. On-demand explanations, worked examples, and practice help college students connect complex financial reporting concepts with the entries and statements they prepare. Start the Free Sample Lessons Try Accounting for Investments and Equity Method from A to Z in Chapter 1 free. Subscription access is required for the remaining lessons.

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

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What Students Say About Farhat Lectures

These students and accounting professionals describe their experience with Farhat Lectures across their accounting studies and exam preparation.

Andrew Manningham
Andrew ManninghamCPA · Accountant and Perpetual Student
Mansour Farhat’s accounting videos were instrumental in my success throughout college. I frequently relied on his instruction when I was struggling with various topics. I spent countless hours watching his videos over and over again, and I strongly recommend his videos to anyone who is struggling as an accounting major. He is very encouraging and communicates clearly in a manner that makes complicated concepts understandable by giving very detailed examples and articulating exactly how the concepts work in the real world
Kristen Rezac
Kristen RezacCPA · Audit Senior
Professor Farhat’s lectures were key to my success throughout college and passing the CPA exam. He does a great job of making complex topics easy to understand! Would recommend him to anyone and everyone!
Kezia Mathai
Kezia MathaiCPA, CIA · Internal Auditor
I used Farhat’s accounting YouTube videos to help supplement my accounting classes throughout college and with my CPA exam prep as well. As a result, I ended up doing very well in my classes and passing all four sections of the CPA exam on the first try! He walks through complex topics in a much more understandable way and I strongly recommend his videos to anyone who finds accounting material confusing. Thanks Farhat!
Manny Conriquez
Manny ConriquezDigital Revenue Analyst
Professor Farhat’s accounting lectures have allowed me to understand and comprehend accounting concepts that I struggled with throughout my accounting educational journey. If any student is struggling in any accounting course I would definitely recommend professor Farhat’s lectures and youtube channel. Although we have never meet in person, Professor Farhat has had a huge impact on my educational journey and has been an excellent mentor. He has responded to any questions that I have sent him in private messages. He truly cares about everyones success and wants the best for his students and those who view his content. Thank you for all you do Mr. Farhat.
Randy Saputra
Randy SaputraInternational Tax and Transaction Services
Professor Farhat has helped me throughout college. His explanations are thorough and meticulous. I most definitely recommend him, if any of you get stuck on accounting problems! Subscribe guys

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

CHAPTER 2: Consolidation Of Financial Information
CHAPTER 3: CONSOLIDATIONS - SUBSEQUENT TO THE DATE OF ACQUISITION
CHAPTER 4: CONSOLIDATED FINANCIAL STATEMENTS & OUTSIDE OWNERSHIP
CHAPTER 5: CONSOLIDATED FINANCIAL STATEMENTS - INTRA-ENTITY ASSET TEANSACTIONS
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Course Includes

  • 50 Lessons
  • 114 Topics
  • 34 Quizzes