Advanced Accounting

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Our Advanced Accounting Listing

Advanced accounting is a tough subject. Advanced accounting encompasses the topic of consolidations. With 111 video lessons, you’ll understand how companies consolidate their financial statements for financial reporting purposes.

This page is not updated on a regular basis, however it is kept as up to date as possible:

Section 1: Intercompany Acquisitions and Investments in Other Entities

Lesson 1.1 - Overview of Intercorporate Acquisitions and Investments in Other Entities
Lesson 1.2 - Accounting for Internal Expansion - Creating Business Entities Intro
Lesson 1.3 - Accounting for Internal Expansion - Creating Business Entities Example
Lesson 1.4 - Disposition of A Segment of Operations
Lesson 1.5 - Accounting for External Expansion - Acquisition of Business Entities
Lesson 1.6 - Legal Forms of Business Combinations
Lesson 1.7 - Introduction to Acquisition Accounting
Lesson 1.8 - Introduction to Goodwill
Lesson 1.9 - Acquiring through Acquisition of Net Assets - Combination Example
Lesson 1.10 - Goodwill Impairment Example
Lesson 1.11 - Acquiring through Acquisition of Stock - Combination Example

Section 2 - Consolidation of 100% Owned Subsidiary - No Goodwill

Section 3 - Less than 100% Owned Subsidiaries - No Goodwill

Lesson 3.1 - Overview of Less than 100% Ownership
Lesson 3.2 - Control and Exercising Indirect Control
Lesson 3.3 - Overview of Noncontrolling Interest
Lesson 3.4 - NCI - Consolidated Net Income Calculation
Lesson 3.5 - NCI - Consolidated Retained Earnings Calculation
Lesson 3.6 - Consolidations - Example Overview
Lesson 3.7 - Consolidations - CE AB - Beginning Year 1
Lesson 3.8 - Consolidations - CE AB - End Year 1
Lesson 3.9 - Consolidations - CE AB - End of Year 2

Section 4 - Consolidation 100 Percent at More Than Book Value

Lesson 4.1 - Consolidation of Fully Owned Enterprise for More than Book Value
Lesson 4.2 - Amortization and Write Off of a Differential
Lesson 4.3 - Example - Amortization and Write Off of a Differential
Lesson 4.4 - Consolidation - Full Ownership for More than Book Value
Lesson 4.5 - Consolidations - Full Ownership - Less than Book Value
Lesson 4.6 - Example - End of Year 1 - More than BV Ownership
Lesson 4.7 - Example - Consolidations - End of Year 1
Lesson 4.8 - Example - Consolidations - End of Year 2
Lesson 4.9 - Elimination of Intercompany Receivables and Payables

Section 5 - Less than 100% Owned Subsidiaries at More than Book Value

Lesson 5.1 - Consolidations - Non Controlling Interest
Lesson 5.2 - Example Overview - NCI - Goodwill
Lesson 5.3 - NCI - Goodwill - Acquisition Date
Lesson 5.4 - NCI - Goodwill - End of Year 1
Lesson 5.5 - NCI - Goodwill - End of Year 2
Lesson 5.6 - Discontinuance of Consolidations
Lesson 5.7 - Other Comprehensive Income (OCI)

Section 6 - Intercompany Inventory Transactions

Lesson 6.1 - Intercompany Inventory Transactions
Lesson 6.2 - Selling Inventory at a Profit and Loss
Lesson 6.3 - Key Terms - Lingo
Lesson 6.4 - Mark Up on Sales - Gross Profit Percentage - Deferred Profit
Lesson 6.5 - Example - Mark Up On Cost - Deferred Profit
Lesson 6.6 - Deferring Unrelated Profits or Loss in the Consolidation
Lesson 6.7 - Deferring Unrealized Profits and Losses - Equity Method
Lesson 6.8 - Downstream - Sale of Inventory
Lesson 6.9 - Downstream Sale - Year 1 - Equity Method Entries
Lesson 6.10 - Downstream Sale of Inventory - Year 1
Lesson 6.11 - Downstream Sale of Inventory - Year 2
Lesson 6.12 - Consolidation Net Income - Year 1 Downstream
Lesson 6.13 - Downstream Sale of Inventory - Equity Method - Year 2
Lesson 6.14 - Upstream Sale of Inventory - Year 1 - Equity Method
Lesson 6.15 - Upstream Sale of Inventory - Year 2 - Equity Method
Lesson 6.16 - Upstream Sale of Inventory - Year 1 - Consolidation Entry AG
Lesson 6.17 - Upstream Sale of Inventory - Year 2 - Consolidation Entry AG

Section 7 - Intercompany Transfers of Services and Noncurrent Assets

Lesson 7.1 - Intercompany Transfers of Services and Noncurrent Assets
Lesson 7.2 - Intercompany Land Transfers - Equity Method Transaction - Parents Books
Lesson 7.3 - Intercompany Sale of Land - Downstream - Year of Sale
Lesson 7.4 - Downstream Sale of Land - Year of Sale to Company B - Consolidated Entry AH
Lesson 7.5 - Intercompany Land Transfers - Disposition of Asset
Lesson 7.6 - Intercompany Sale of Land - Upstream
Lesson 7.7 - Upstream Sale of Land - Year of Sale to Company A - Consolidated Entry AH
Lesson 7.8 - Intercompany Transfers of Depreciable Assets - Downstream
Lesson 7.9 - Intercompany Transfers of Depreciable Assets - Downstream Sale - Consolidated Entries
Lesson 7.10 - Intercompany Transactions of Depreciable Assets - Downstream Sale - End of Year 2
Lesson 7.11 - Intercompany Transfers of Depreciable Assets - Downstream Sale - End of Year 2
Lesson 7.12 - Intercompany Transfer of Depreciable Assets - Downstream Sale - Consolidated Entries - After Year 2
Lesson 7.13 - Intercompany Transfers of Depreciable Assets - Upstream - Entries
Lesson 7.14 - Intercompany Transfers of Depreciable Assets - Upstream - End of Year 1
Lesson 7.15 - Intercompany Transfers of Assets - Upstream Consolidation Entry

Section 8 - Multinational Accounting

Lesson 8.1 - Multinational Accounting - Foreign Currency Transaction
Lesson 8.2 - Exchange Rates - Direct and Indirect Exchange Rate
Lesson 8.3 - Changes in Exchange Rates
Lesson 8.4 - Foreign Currency Transaction
Lesson 8.5 - Foreign Currency Imports & Exports Transactions
Lesson 8.6 - Example - Foreign Purchase Transaction - Receivables and Payables
Lesson 8.7 - Managing an Exposed Net Liability Position Headging
Lesson 8.8 - Hedging an Unrecognized Foreign Currency Firm Commitment - FX Currency - FX Hedge
Lesson 8.9 - Multinational Accounting - Key Terms
Lesson 8.10 - Functional Currency & Exchange Rate
Lesson 8.11 - Translation vs Remeasurement
Lesson 8.12 - Example - Translation & Consolidation of Foreign Subsidiary - Date of Acquisition
Lesson 8.13 - Foreign Subsidiary - Consolidated Entries AC - Date of Acquisition
Lesson 8.14 - Subsidiary's Foreign Currency Units
Lesson 8.15 - Translation of Foreign Subsidiary's Trial Balance
Lesson 8.16 - Foreign Subsidiary - Parent's Equity Method Entries - End of Year 1
Lesson 8.17 - Foreign Subsidiary - The Differential - End of Year 1 - Equity Method
Lesson 8.18 - Foreign Subsidiary - Consolidation of Foreign Subsidiary - Consolidation Entries - End Year 1
Lesson 8.19 - Review - Remeasurement of the Books of Records into the Functional Currency
Lesson 8.20 - Restatement of Foreign Subsidiary's Trial Balance - End of Year 1

Section 9 - Segment and Interim Reporting

Lesson 9.1 - Segment and Interim Reporting - Operating Segment
Lesson 9.2 - Defining Reportable Operating Segment
Lesson 9.3 - Comprehensive Disclosure Test
Lesson 9.4 - Reporting Segment Information
Lesson 9.5 - Enterprise Disclosure
Lesson 9.6 - Interim Financial Reporting
Lesson 9.7 - Reporting Standards - Interim Statements - Revenue & All Other Costs
Lesson 9.8 - Temporary LIFO Liquidation
Lesson 9.9 - Market Write-Down Recovery - Inventory
Lesson 9.10 - Accounting for Income Taxes in Interim Period