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Intermediate Financial Accounting

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Extend introductory accounting knowledge in Noble Desktop's Intermediate Financial Accounting course. The curriculum continues work with the concepts used to record and interpret financial information. It builds on familiarity with financial statements, letting you focus on more involved accounting questions and how they affect the way business activity is represented.

What's included with live classes

  • Free course retake within one year to refresh the material and gain practice.
  • Class recordings

Overview

Want to take your financial accounting skills to the next level? This 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 provide 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 encompass 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 related topics.

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

Prerequisites

Students should be comfortable with the concepts covered in Intro to Financial Accounting & Financial Statements.

Compare live and self-paced learning

Schedule & enrollment

Find dates that fit your schedule, then book on Noble Desktop.

Book live on Noble Desktop
Live tuition
$325
Course length
6 hours

All class times are Eastern (ET).

  • Dates

    Class time

    Starts at 10am ET

    Final session ends at 5pm ET

    Attend

    In-person or live online

  • Dates

    Class time

    Starts at 10am ET

    Final session ends at 5pm ET

    Attend

    In-person or live online

  • Dates

    Class time

    Starts at 10am ET

    Final session ends at 5pm ET

    Attend

    In-person or live online

  • Dates

    Class time

    Starts at 10am ET

    Final session ends at 5pm ET

    Attend

    In-person or live online

  • Dates

    Class time

    Starts at 10am ET

    Final session ends at 5pm ET

    Attend

    In-person or live online

  • Dates

    Class time

    Starts at 10am ET

    Final session ends at 5pm ET

    Attend

    In-person or live online

Confirm current dates and availability on Noble Desktop before booking. Enrollment opens in a new tab.

Self-paced tuition & enrollment

Learn through recorded lessons on your own schedule.

Tuition
$325
Course length
6 hours
Format
Self-paced online

This course is available for 30 days. You can choose when to start your access period. Once you activate, you will have 30 days to complete it (access the course materials, quizzes, projects and videos). You may request one extension of seven (7) days. Other extension requests will be evaluated on a case-by-case basis. Videos are not downloadable.

Prefer to enroll directly? Open the course website.

Curriculum

What you'll learn

  • Prepare for complex accounting tasks
  • Learn advanced income statement processes
  • Handle unusual items and EPS
  • Work with deferred taxes and tax journal entries
  • Manage intercompany investments
  • Understand how debt accounting works

Course syllabus

Advanced Income Statement

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

Deferred Taxes

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

Intercompany Investments

  • Trading, available for sale, and held to maturity securities
  • 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

Self-paced course

Learn through recorded lessons on your own schedule.

This course is available for 30 days. You can choose when to start your access period. Once you activate, you will have 30 days to complete it (access the course materials, quizzes, projects and videos). You may request one extension of seven (7) days. Other extension requests will be evaluated on a case-by-case basis. Videos are not downloadable.

View self-paced tuition & enrollment

Take your financial accounting skills to the next level with this self-paced course. Dive deeper into complex accounting principles and prepare for advanced financial reporting challenges. You'll begin by exploring the intricacies of income statements, including footnotes, management’s discussion, and elements like revenue recognition, stock-based compensation, interest expense, and capitalized interest. The course also covers handling unusual items, discontinued operations, restructuring charges, and an introduction to earnings per share (EPS), including options and convertible securities.

Next, you'll tackle deferred taxes, comparing book versus tax basis, understanding permanent differences, effective tax rates, and an introduction to Net Operating Losses (NOLs) and tax journal entries. The course also explores intercompany investments, equity method investments, debt accounting complexities, and related topics. By the end of the course, you'll be equipped to handle advanced accounting tasks with confidence.

Self-paced curriculum

What you'll learn self-paced

  • Prepare for advanced accounting tasks
  • Learn intricate income statement processes
  • Manage unusual items and earnings per share (EPS)
  • Work with deferred taxes and tax journal entries
  • Navigate intercompany investments
  • Understand the complexities of debt accounting
Self-paced 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 assets and liabilities
  • Introduction to NOLs
  • NOLs-related tax journal entries

Intercompany Investments

  • Trading, available for sale, and held to maturity securities
  • 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

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Is this course right for you?

You should be comfortable with introductory financial accounting and financial statements. Compare the Financial Accounting Bootcamp if you need both the foundation and the continuing material before applying those concepts to more involved finance work.

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