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About this course
This Advanced Accounting course covers mainly consolidated financial statements which covered on the Financial Accounting and Reporting (FAR) section of the CPA. This course covers 15 to 20% of the CPA FAR exam.
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Introduction to Business Combination (4 lessons).
Introduction to Net Asset Acquisition, Stock Acquisition, Business Consolidations, Asset and Stock Acquisition: Method of Payment, Excess Earnings to Estimate Goodwill.
Accounting for Business Combinations ( 4 lessons) .
Goodwill impairment, Contingent Consideration in a Business Acquisition, Acquisition Accounting Business Combination, Contingent Consideration in a Business Acquisition.
Variable Interest Entity, Consolidated balance sheet elimination of investment.
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.
Allocating the Difference Between Implied and Book Value, Consolidate Financial Statement Allocating the Difference, Push Down Accounting Advancing Accounting.
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.
Changes in Ownership Interest (3 lessons)
Changes in Ownership Interest Advanced Accounting, Control Maintained Cost and Equity Method Advanced Accounting, Loss of Control Advanced Accounting