Advanced Accounting Course

Lesson 1 • Accrual Accounting Mechanics

Deepens understanding of accrual entries, deferrals, and period-end adjustments. Provides the transactional precision required for complex multi-period reporting.

Lesson 2 • Financial Statement Architecture

Examines the structural relationships among the income statement, balance sheet, and cash flow statement. Reinforces articulation logic essential for consolidation and analysis work.

Lesson 3 • Conceptual Framework Revisited

Reviews qualitative characteristics, recognition criteria, and measurement bases underpinning financial reporting. Anchors all subsequent technical topics in authoritative conceptual logic.

Lesson 1 • Principal vs. Agent and Licensing

Distinguishes gross from net revenue presentation and applies licensing guidance to intellectual property. Develops judgment for common revenue classification disputes.

Lesson 2 • Long-Term Contract Accounting

Applies percentage-of-completion and input/output methods to construction and service contracts. Connects contract asset and liability presentation to the five-step model.

Lesson 3 • Five-Step Revenue Model

Introduces the core framework for recognizing revenue from contracts with customers. Each step is examined with practical examples to build systematic application skills.

Lesson 1 • Expected Credit Loss Model

Applies the three-stage impairment model to loans, receivables, and debt securities. Develops skills for estimating and disclosing credit losses under forward-looking guidance.

Lesson 2 • Financial Liabilities and Derecognition

Examines measurement of financial liabilities and the conditions for removing assets and liabilities from the balance sheet. Addresses own credit risk in fair value option elections.

Lesson 3 • Fair Value Measurement Hierarchy

Defines the three-level fair value hierarchy and valuation techniques for each level. Builds skills for disclosing and auditing fair value estimates.

Lesson 4 • Hedge Accounting Fundamentals

Introduces fair value, cash flow, and net investment hedges with qualifying criteria and effectiveness testing. Connects hedge accounting to risk management strategy.

Lesson 1 • Impairment of Non-Financial Assets

Applies the recoverable amount test using value-in-use and fair value less costs of disposal. Covers cash-generating unit allocation and goodwill impairment reversal restrictions.

Lesson 2 • Intangible Assets and Goodwill

Applies recognition criteria to internally generated and acquired intangibles, including research and development costs. Distinguishes finite from indefinite useful life treatment.

Lesson 3 • Lessor Accounting and Sale-Leaseback

Distinguishes finance from operating leases from the lessor perspective and applies sale-leaseback guidance. Addresses manufacturer or dealer lessor profit recognition.

Lesson 4 • Lessee Accounting Model

Constructs right-of-use assets and lease liabilities at commencement and through subsequent measurement. Covers short-term and low-value lease exemptions.

Lesson 1 • Consolidation Procedures and Eliminations

Performs line-by-line aggregation and eliminates intercompany transactions, balances, and unrealized profits. Builds the mechanical precision required for group reporting.

Lesson 2 • Changes in Ownership Interests

Accounts for step acquisitions, partial disposals, and loss of control transactions. Addresses recycling of other comprehensive income on deconsolidation.

Lesson 3 • Equity Method and Joint Arrangements

Applies the equity method to associates and distinguishes joint operations from joint ventures. Connects significant influence assessment to consolidation scope decisions.

Lesson 4 • Acquisition Method Fundamentals

Identifies the acquirer, measures consideration transferred, and recognizes acquired assets and liabilities at fair value. Establishes the foundation for all consolidation work.

Lesson 1 • Tax Losses and Tax Credits

Applies recognition and measurement rules for unused tax losses and credits carried forward. Addresses recoverability assessment and valuation allowances.

Lesson 2 • Tax Rate Changes and Disclosures

Remeasures deferred tax balances when enacted tax rates change and prepares required disclosures. Builds skills for the effective tax rate reconciliation.

Lesson 3 • Current Tax Computation

Reconciles accounting profit to taxable income and computes current tax payable. Establishes the starting point for deferred tax analysis.

Lesson 4 • Deferred Tax in Special Situations

Addresses deferred tax arising from business combinations, share-based payments, and revaluations. Connects deferred tax to the transactions covered in earlier chapters.

Lesson 1 • Equity Instrument Classification

Applies the fixed-for-fixed test and other criteria to classify instruments as equity or financial liabilities. Addresses compound instruments and their bifurcation.

Lesson 2 • Diluted Earnings Per Share

Applies the if-converted and treasury stock methods to options, warrants, and convertible instruments. Determines the dilutive or antidilutive effect of each potential ordinary share.

Lesson 3 • Basic Earnings Per Share

Calculates the numerator and weighted-average denominator for basic EPS. Addresses adjustments for stock dividends, splits, and rights issues.

Lesson 4 • Share-Based Payment Accounting

Measures equity-settled and cash-settled share-based awards at grant date and reporting date. Applies vesting condition classification to expense recognition patterns.

Lesson 1 • Integrated Reporting and Sustainability Disclosures

Introduces integrated reporting frameworks and sustainability-related financial disclosure requirements. Positions students to connect financial and non-financial performance reporting.

Lesson 2 • Cash Flow Statement Analysis

Constructs and interprets the statement of cash flows using direct and indirect methods. Identifies free cash flow, quality of earnings signals, and non-cash disclosure requirements.

Lesson 3 • Financial Ratio Analysis and Interpretation

Applies profitability, liquidity, leverage, and efficiency ratios to assess entity performance. Integrates ratio analysis with accounting policy choices to evaluate reporting quality.

Lesson 4 • Segment Reporting and Disaggregation

Applies the management approach to identify operating segments and prepare required disclosures. Connects segment data to entity-wide revenue and asset information.