Intermediate Accounting Made Easy

Identify stakeholders who rely on consistent, transparent accounting processes.

Review the concepts of journal entries, T-accounts, trial balance and basic definitions.

Understand the concept of time value of money, which is fundamental to many accounting topics, as well as how to calculate present value.

Learn how to do present value calculations on two different popular models of financial calculator.

Understand the matching principle and how accruals differ from cash accounting.

A critical building block of all accounting theory, learn the accounting equation.

Identify the governing bodies who set accounting principles.

Discussion of the trend toward fair value accounting, the pros/cons and impacts on the profession.

Understand the role of auditors and some of the critical tasks they perform.

Arguably the most identifiable financial statement, the income statement tells a story.

What do financial analysts look for when they study an income statement?

Learn to read the balance sheet and understand the relationships between the line items.

What does a financial analyst look for when studying a balance sheet?

Learn how a Statement of Cash Flows is self-proving and understand what it is telling us.

What do financial analysts look for in a Statement of Cash Flows?

All about receivables, how to value and report them.

How the wonderful world of investing can cause headaches for accountants when preparing financial statements.

Demystifying derivatives and how to journalize these complicated agreements.

Usually the largest asset, inventory accounting and valuation is critical for accountants.

Learn the life of a fixed asset from acquisition to replacement to disposal and how to journalize them.

Understand the elusive intangible asset and how its accounting treatment differs from its physical counterparts.

Explore the various depreciation methods, asset impairment, disclosure and unique characteristics of natural resource industries.

Identify prepaid expenses and understand how to properly value and journalize them.

Learn how to quickly calculate depreciation expense on two of the most popular financial calculators used in the profession.

How to record and disclose short-term liability activity and the dilemma around contingencies.

Debt securities and the associated amortization of premiums and discounts, fair valuation and the effective interest method.

How to calculate and disclose postretirement liabilities including defined benefit plans and defined contribution plans.

Understand the unique transactions that characterize owners' equity such as treasury stock, cash dividends, stock dividends and disclosure requirements.

Learn how to identify a finance lease vs. operating lease and how to journalize and disclose each type from both the lessor and lessee perspective.

One of the more controversial and critical accounting issues - how and when to recognize revenue.  Learn to use a systemic approach that focuses on performance obligations for unique situations, such as construction accounting and warranties.

All about the complex world of corporate tax including temporary and permanent differences, deferred tax assets and liabilities, net operating loss carryforwards and disclosure requirements.

Understand the important role of financial statement footnotes, the major types and what they tell us.

Learn why everyone is obsessed with this metric, the variations of the calculation and what does non-GAAP mean?