Course Overview

The Advanced Financial Accounting Course is designed for learners who already have a basic understanding of accounting principles and wish to deepen their expertise. Participants will explore complex topics such as consolidations, mergers and acquisitions, foreign currency transactions, and financial reporting for multinational organisations. This course will also cover advanced financial statement analysis and interpretation. By the end of the course, learners will be equipped to handle complex accounting tasks and produce accurate and compliant financial reports.

 

Prerequisites

Completion of a basic accounting course or equivalent knowledge.

Target Audience

This course is ideal for accounting professionals, financial managers, and individuals with a foundational knowledge of accounting who want to develop advanced skills. It is suitable for those working in multinational corporations or dealing with complex financial reporting.

Course Highlights

  • Master advanced topics such as consolidations, mergers, and foreign currency transactions.
  • Learn how to prepare financial reports for multinational corporations.
  • Explore advanced financial analysis techniques and tools.
  • Hands-on exercises in dealing with complex accounting transactions.
  • Gain insights into international accounting standards and compliance requirements.

Course Objectives

By the end of this course, learners will be able to:

  • Apply advanced financial reporting techniques to prepare accurate financial statements for multinational corporations.
  • Consolidate financial statements for groups, subsidiaries, and joint ventures.
  • Handle foreign currency transactions and translate financial statements for foreign operations.
  • Report segment performance and ensure compliance with segment reporting standards.
  • Account for complex lease transactions in accordance with IFRS 16.
  • Recognise revenue from complex contracts under IFRS 15.
  • Perform advanced financial statement analysis and interpret key financial ratios.
  • Evaluate the impact of international accounting standards on financial reporting.
  • Mitigate foreign exchange risks through effective hedging strategies.
  • Analyse and assess financial performance using advanced financial analysis tools.

Course Outline

Instructional Methods: Case studies on multinational financial reporting, group discussions on compliance issues, and practical exercises in financial statement preparation.

Topics Covered:

  • Overview of international financial reporting standards (IFRS) and generally accepted accounting principles (GAAP).
  • Compliance with accounting standards for complex transactions.
  • Financial reporting for multinational organisations: Challenges and best practices.
  • The role of financial disclosures and their impact on stakeholders.
  • Practical application of advanced financial reporting tools.

Instructional Methods: Hands-on exercises in preparing consolidated financial statements, group discussions on group accounting challenges, and case studies on mergers and acquisitions.

Topics Covered:

  • Preparing consolidated financial statements: Subsidiaries, associates, and joint ventures.
  • Accounting for mergers and acquisitions: Purchase method and equity method.
  • Elimination of intercompany transactions and balances.
  • Minority interests and control issues in group accounting.
  • Preparing consolidated cash flow statements and balance sheets.

Instructional Methods: Practical exercises in handling foreign currency transactions, group discussions on currency translation adjustments, and case studies on foreign operations.

Topics Covered:

  • Accounting for foreign currency transactions: Initial and subsequent measurement.
  • Translation of financial statements for foreign subsidiaries.
  • Exchange rate differences and their impact on financial statements.
  • Reporting under IFRS and GAAP for foreign currency transactions.
  • Hedging foreign exchange risk using financial instruments.

Instructional Methods: Group discussions on segment disclosures, hands-on exercises in segment reporting, and case studies on financial reporting in diverse industries.

Topics Covered:

  • Importance of segment reporting for stakeholders.
  • Identifying reportable segments: Business and geographical segments.
  • Reporting segment results: Revenue, profit, and assets.
  • Advanced disclosures in financial statements.
  • Complying with IFRS 8 on segment reporting.

Instructional Methods: Practical exercises in accounting for leases, group discussions on revenue recognition challenges, and case studies on complex lease transactions.

Topics Covered:

  • Accounting for leases: Operating vs. finance leases.
  • Application of IFRS 16 for lease accounting.
  • Revenue recognition principles: Identifying performance obligations.
  • Complex revenue transactions: Multiple-element arrangements and contracts.
  • Practical applications of IFRS 15 on revenue recognition.

Instructional Methods: Case studies on advanced financial analysis, group discussions on ratio interpretation, and practical exercises in applying financial analysis tools.

Topics Covered:

  • Analysing financial statements of multinational organisations.
  • Interpreting financial ratios in the context of global operations.
  • Cash flow analysis: Free cash flow, operational cash flow, and financing activities.
  • Using financial data to assess the health and performance of complex organisations.
  • Advanced tools for financial statement analysis and forecasting.

Certification

A certificate of completion will be awarded upon successful completion of the course.

Course Fees

$788 $488

Advanced Financial Accounting

Elevate Your Expertise in Advanced Financial Reporting and Analysis

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