Advanced Financial Accounting: Acquisitions & Consolidations

Acquisitions, Consolidations, and Reporting. Master complex concepts and applications

What you'll learn:

• Evaluate financial and operational implications of acquisitions, recognizing goodwill and intangible assets.
• Analyze consolidation techniques for parent-subsidiary financial statements, eliminating intercompany transactions.
• Compare accounting for less than wholly owned subsidiaries, using equity method and proportionate consolidation.
• Assess impact of acquiring subsidiaries above book value, calculating goodwill and non-controlling interest.
• Apply accounting principles for intercompany inventory transfers, eliminating unrealized profits/losses.
• Evaluate consolidation process for noncurrent assets and services, eliminating intercompany gains/losses.
• Analyze accounting treatment for intercompany indebtedness, eliminating loans and interest income/expense.
• Evaluate reporting issues in consolidation, including foreign currency transactions and translation.
• Apply principles for interim and segment reporting, recognizing segment information and related-party transactions.
• Analyze SEC requirements for financial reporting and disclosure, filing periodic reports and applying GAAP.

Welcome to the comprehensive Advanced Financial Accounting course, a deep dive into the complex world of acquisition and consolidation in financial reporting. This course provides you with a solid understanding of these critical topics.

Key Topics Explored:

1. Acquisition & Investments:

   1. Understanding the process of acquiring and investing in other entities, including fair value assessments and recognition of noncontrolling interests.

   2. Analyzing the impact of these transactions on financial statements and reporting requirements.

2. Consolidations of Wholly Owned Subsidiaries:

   1. Exploring the consolidation process for subsidiaries fully owned by the parent company.

   2. Eliminating intercompany transactions and preparing consolidated financial statements.

3. Consolidations of Less Than Wholly Owned Subsidiaries:

   1. Examining the consolidation procedures for subsidiaries where the parent company does not have full ownership.

   2. Accounting for noncontrolling interests and their effect on financial reporting.

4. 100% Owned Subsidiary Purchased at More Than Book Value:

   1. Understanding the accounting treatment when a parent company acquires a wholly owned subsidiary at a price exceeding its book value.

   2. Assessing the implications for consolidation and financial reporting.

5. Under 100% Owned Subsidiaries Acquired at More Than Book Value:

   1. Analyzing the consolidation process when a parent company acquires less than full ownership of a subsidiary at a price exceeding its book value.

   2. Accounting for noncontrolling interests and their impact on consolidated financial statements.

6. Inventory Transfer Intercompany:

   1. Evaluating the accounting treatment for intercompany transfers of inventory between related entities.

   2. Understanding the impact on consolidated financial statements and inventory valuation.

7. Consolidation-Transfer of Noncurrent Assets & Services:

   1. Examining the consolidation procedures for intercompany transfers of noncurrent assets and services.

   2. Analyzing the effect on consolidated financial statements and related party disclosures.

8. Consolidation-Intercompany Indebtedness:

   1. Understanding the accounting treatment for intercompany loans and indebtedness.

   2. Assessing the impact on consolidated financial statements and related disclosures.

9. Consolidation Ownership & Other Reporting Issues:

   1. Exploring various ownership structures in consolidated financial reporting.

   2. Addressing additional reporting issues, such as changes in ownership and related party transactions.

10. Consolidation-Foreign Currency Transactions & Reporting Issues:

    1. Analyzing the accounting treatment for foreign currency transactions within a consolidated entity.

    2. Understanding the reporting requirements and translation of foreign entity financial statements.

11. Interim Reporting & Segment Reporting:

    1. Exploring the unique considerations for interim financial reporting and segment reporting.

    2. Assessing the disclosure requirements and reporting standards set by regulatory bodies.

12. Securities & Exchange Commission (SEC) Reporting:

    1. Understanding the reporting requirements imposed by the SEC on publicly traded companies.

    2. Analyzing the impact of SEC regulations on financial reporting and disclosure practices.

With comprehensive presentations, practical demonstrations, and hands-on Excel exercises, you'll gain a deep understanding of advanced accounting principles. Access downloadable textbooks, supplemental materials, and Excel templates to enhance your learning experience.

This course is designed for accounting professionals, auditors, financial analysts, and students seeking expertise in advanced financial accounting. Enroll today to master the intricacies of acquisition, consolidation, and financial reporting in the ever-evolving accounting landscape.