Intermediate Accounting Made Easy
What Every Accountant Needs to Know in Simple Terms
Ratings 5.00 / 5.00
What You Will Learn!
- Interpret financial statements and the related footnote disclosures
- Calculate financial statement ratios
- Calculate time value of money, including future value and present value concepts
- Identify the regulatory bodies and governance structure of US GAAP
- Articulate the major differences between US GAAP and IFRS
- Accounting for less common scenarios such as errors, changes in principles and restatements
- Distinguish lease types and the associated accounting rules and disclosure requirements
- Calculate depreciation & amortization using the most common acceptable methods
- Prepare journal entries to complete the accounting cycle
- Calculate earnings per share under multiple scenarios
Description
Marketplace demand for skilled accountants has never been higher. Intermediate Accounting is often considered the most challenging accounting course due to the breadth and complexity of topics. This course breaks down the complexity into manageable pieces, taking students from strategic concepts and drilling down into the details of recording a transaction. Most lectures are 8-12 minutes, allowing students to consume the content at their convenience. The course emphasizes a methodical approach rooted in basic principles, such as matching, conservatism and consistency when confronted with a complex transaction. The instructor is a CPA, MBA and former Big-4 accountant known for using well-paced lectures and clear illustrations featuring examples and lessons learned from almost 30 years in finance and technology leadership roles. The course is ideal for those who are experienced bookkeepers or novice accountants who want to expand their skills. Additionally this is a great supplement to a college level accounting course, or for those contemplating a career in the field.
The high level topics include:
Journal entries / trial balance / T-accounts / double-entry accounting
Financial statements and footnotes
Disclosure trends and techniques
Postretirement benefits / debt securities / tax
Lease accounting from both lessor and lessee perspectives
Warranty and contingency accounting
Intangible assets / fixed assets / investment accounting
Inventory cost flow methods and valuation
Depreciation and amortization methods
Measurement and journalization of derivatives
Time value of money calculations
Ratio analysis
Earnings per share calculations
Securities & Exchange Commission (SEC) filings
Governance & regulatory bodies
Handling errors, changes in principles and restatements
Course includes downloadable materials, 150 visual illustrations of key concepts and a glossary.
What you’ll learn in addition to the above topics:
A systematic approach to revenue recognition
How real companies handle disclosure of complex financial instruments
How financial ratios tell a story
The skills necessary to figure out journal entries given a set of facts
Economic substance of a transaction vs. legal form
Calculating, valuing and recording deferred tax assets and liabilities
Apply learnings to ask the right questions when reading financial statements and footnotes
Financial calculator skills on two of the most popular models
How the accounting cycle pulls all the concepts together
Who Should Attend!
- Beginner accounting students who have a basic understanding of bookkeeping
- Finanical Analysts who want to understand how to read financial statements and footnotes
- Experienced bookkeepers who want to understand US GAAP principles, terminology and workflows
- Intermediate accounting students who want to supplement their existing classroom learning by reinforcing main concepts
- Small business owners who want to understand accounting concepts, workflows and goals so they may converse with accounting service providers
- Technology professionals who want to understand accounting concepts and workflows to better support accounting software
- NOTE: This is not a CPA exam prep course, but the knowledge gained will certainly help