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Intermediate Financial Accounting

Deepen your knowledge of complex accounting principles and prepare for advanced financial reporting scenarios with this course at NYIM Training. Gain insight into income statements, handling unusual items, deferred taxes, intercompany investments, and more. Take your financial accounting skills to the next level and be ready to take on complicated accounting tasks.

  • Intermediate
  • 18 and older
  • $325
  • Earn 3,250 reward points
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  • 185 Madison Ave, New York, NY
  • 7 hours

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  • $325
  • 7 hours
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Class Description

Description

What you'll learn in this finance training:

Build your knowledge of investments, securities, debt accounting, and other complex financial accounting concepts in this class.

Want to take your financial accounting skills to the next level? This Intermediate Financial Accounting class will deepen your knowledge of complex accounting principles and prepare you for the challenges of navigating advanced financial reporting scenarios.

 The course starts by covering the intricacies of income statements, including elements such as footnotes, management's discussion, and various complex components like revenue recognition, stock-based compensation, interest expense, and capitalized interest. The class will gain insight into handling unusual items, discontinued operations, restructuring charges, and an introduction to earnings per share (EPS), including options and convertible securities. 

From there, you'll focus on deferred taxes, which encompasses the comparison of book versus tax basis, permanent differences, effective tax rates, and an introduction to Net Operating Losses (NOLs) and associated tax journal entries. You'll also learn about intercompany investments, how to navigate equity method investments, the complexities of debt accounting, deferred taxes, and more. 

By the conclusion of this course, students will be ready to take on complicated accounting tasks.

Learn more skills and save with a bootcamp:

  • Financial Accounting Bootcamp

Learn more about Intermediate Financial Accounting at NYIM Training.

Syllabus

Advanced Income Statement

  • Footnotes and management's discussion
  • Revenue recognition
  • Stock based compensation
  • Interest expense and capitalized interest
  • Unusual items
  • Discontinued operations
  • Restructuring changes
  • EPS
    • Intro to options
    • Convertible securities 

Deferred Taxes

  • Book vs. tax basics
  • Permanent differences and effective tax rates
  • Temporary differences and deferred tax asset and liabilities
  • Introduction to NOLs
  • NOLs-related tax journal entries

Intercompany Investments

  • Trading, available for sale, and held to maturity securies
  • Equity method investments
  • Noncontrolling interests
  • Consolidation method and noncontrolling interests
  • Consolidation method and paying in excess of BV

Debt Accounting

  • PIK debt
  • Capitalized interest
  • Original issue discount
  • Financing fees
  • Deferred taxes arising from OID and OIP

Refund Policy

  • Students may cancel up to 11 business days before the class/program start date and receive a refund, less the registration fee (10% of the undiscounted course price).
  • Cancellations within 11 business days are not permitted, but students may reschedule up to 4 business days before the class start date.

For cancellations and reschedules, please email us at [email protected]

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All classes at this location

We are located in New York City on 34th street and Madison Avenue, a few blocks from Penn Station, Port Authority and Times Square. You may also attend this class live online (virtual training) via Zoom. We will reach out with additional information, including the Zoom info and class files.

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