Intermediate Accounting: Skills For Accounting Professionals

Name: Intermediate Accounting: Skills For Accounting Professionals
Rating: 4.6 (27 reviews)

Learn Financial Reporting Essentials, Leases, Income Taxes , Pensions, Consolidated Accounts Under IFRS / IAS

Created byImran Zakir

Last updated 6/2025

English

What you'll learn

Apply Core Accounting Standards including IFRS and GAAP to accurately prepare and analyze financial statements.
Master Complex Financial Reporting on assets, liabilities, equity, revenue recognition, and investments with real-world applications.
Account for Advanced Transactions such as leases, pensions, income taxes, and share-based compensation using professional judgment.
Prepare and Analyze Consolidated Financial Statements, including intercompany eliminations and non-controlling interests.
Develop Practical Skills through case studies and real-life scenarios for enhanced decision-making in financial reporting and compliance.

Course content

3 sections • 21 lectures • 2h 58m total length

Introduction To Intermediate Accounting3:44
Intermediate Accounting: Your Path to Financial Expertise.
Discuss the Course Objectives and Outcomes
Why Intermediate Accounting Really Matters
What This Means for Your Career
What are International Accounting Standards & IFRS4:43
Introduction to IAS or IFRS
History of IAS
Scope of IAS / IFRS
IAS in AI era
Role of IFRS In Accounting2:23
Discuss GAAP Vs IFRS
Discuss the Importance of IFRS in Accounting
Explain GAAP vs IFRS with Real Time examples.
IFRS & Conceputal Framework of Financial Reporting8:13
Discuss the History of IFRS in Accounting.
Understanding the need of IFRS in financial reporting
The Role of Conceptual Framework of financial reporting
Discuss the core components of Conceptual Framework

Objectives Of Financial Reporting9:39
The Objectives of Financial Reporting
Understanding the General Purpose Financial Statements
Understanding equity investors and creditors
Understanding the Entity Perspective
Understanding the Usefulness of Informed decision
Assets6:47
Learn the definition of an asset under IFRS
Understand the three elements of the asset definition under IFRS
Types of assets under IFRS
Understand the valuation criteria of an asset under IFRS
Importance to learn about the asset in the world of AI
Case study -Accounting Treatment of Assets under IFRS9:20
Understanding the practical implementation of the IFRS.
Accounting treatment of an asset e.g machiner/IT software of the company under IFRS
Accounting of amortization of the aseet under IFRS.
Accounting of impairment of the asset under IFRS.
Assets Accounting Under IFRS/IAS5:22
Understanding the Accounting Standards (IFRS/IAS) in Assets Accounting
Understanding of IAS 16
Understanding of IAS 40
Understanding of IAS 38
Understanding of IAS 36
Understanding of IFRS 5
Understanding of IFRS 13
Understanding of IFRS 16
Understanding Assets
Liabilities Under IFRS/IAS6:38
Understanding definition of liabilities
Understanding Liabitilites Under IFRS/IAS
Discuss IFRS/IAS related to Liabilities
Case Study: Accounting for Liabilities Under IFRS6:31
Discuss case study on liabilities under IFRS
Discuss 5 real time scenarios to account for Liabilities in the financial statement
Understand the implications of IFRSs and IASs in accounting of Liabilities.
Equity in Financial Statements under IFRS10:14
Understand the definition of Equity under IFRS
The components of equity under IFRS
The related IFRS/IASs for accounting treatment of an equity.
Investments Accounting Under IFRS9:24
DIscuss the definition of Investment in accounting
DIscuss the types of investment in accounting
Understand the accounting of investment under IFRS/IAS
Discuss the case study of investment accounting under IFRS
Revenue Recognition Under IFRS 158:45
Understanding Revenue Recognition
Discuss Revenue Recognition under IFRS 15
Discuss five steps of Revenue Recognition under IFRS 15
Discuss real time case studies to implement IFRS 15 in financial statements
Revenue Recognition

Accounting for Leases (Lessee) under IFRS 166:44
Definition of Lease
Discuss Lessor & Lessee in lease agreement
Discuss Leases Under IFRS 16
Understand Lease Accounting with real time case studies
Accounting for Leases (Lessor) under IFRS 1611:44
Understanding Lease Accounting in Lessor books
Understanding Lessor in Lease Accounting
Discuss the types of leases under IFRS 16
Discuss the criteria of lease accounting under IFRS 16
Discuss Operating & Financing lease for lessor
Discuss real time case study to understand the lease accounting for lessor
Income Taxes — IAS 125:34
Introduction to IAS 12
Discuss key definition/terms in IAS 12 -Income Taxes
Accounting for Income Taxes — IAS 123:56
Discuss the practical implementation of IAS 12
Practice key definitions under IAS 12 with real time examples.
Intro Employee Benefits - IAS 194:24
Discuss the background of IAS 19
Understanding the key terms in IAS 19
The Objectives of IAS 19
Accounting of Employee Benefits- IAS 1913:52
Discuss the Types of post-employment benefit plans
Understand the Defined Contribution Plan
Understand the Defined Benefit Plans
Disucss the Accounting of both Types of post-employment benefit plans
Understand with the help of real time exampl
Accounting for Shared Based Payment -IFRS 219:50
Learn the Objectives of IFRS 2
Understand the Recognition of share-based payment IFRS 2
Understand the Equity-settled transactions under IFRS 2
Understand the Cash-settled transactions under IFRS 2
Discuss the Deferred tax implications
DIscuss the Disclosure requirements under IFRS 2
Consolidated Financial Statements - IFRS 1020:13
Overview of the IFRS 10
Discuss the Objectives of IFRS 10
Understand the key definitions under IFRS 10
Discuss the Preparation of consolidated financial statements
Understand the Consolidation procedures
Understand the Non-controlling interests (NCIs) under IFS 10
Application of IFRS and IAS in Real Business Scenarios

Requirements

Basic Understanding of Accounting Principles
Prior Experience in Accounting or Finance
Familiarity with Financial Statements
Awareness of Common Accounting Standards (IFRS or US GAAP)

Description

Introduction to General Purpose Financial Statements.
Detailed overview of all active IASs and IFRSs applicable.
Accounting for Assets IFRS/IAS covered: IAS 16, IAS 38, IAS 36, IFRS 5, IAS 40.
Accounting for Liabilities FRS/IAS covered: IAS 37, IFRS 9, IAS 1.
Accounting for Equity: Treatment under IAS 1, IAS 32, and IFRS 10.
Investment Accounting: Understand how to classify and measure financial assets — like equity shares and debt instruments — under IFRS 9. Real-time case study of an investment in equity shares.
The accounting treatment of leases from both lessee and lessor perspectives under IFRS 16 — including right-of-use assets, lease liabilities, and classification rules.
Real-time case study and flowcharts simplify how leases impact the Balance Sheet and Income Statement.
Explore IAS 12 to understand temporary differences, deferred tax assets and liabilities, and how to account for current and future tax consequences in financial statements.
Understand how defined benefit and defined contribution pension plans are accounted for under IAS 19.
Learn how to recognize and measure employee stock options and other equity-settled or cash-settled share-based payments under IFRS 2, with practical examples.
IFRS 10, IFRS 3, and IAS 28 to learn how parent and subsidiary accounts are combined, including goodwill calculation, NCI, and intra-group adjustments.

Who this course is for:

Experienced Accountants
Finance Professionals
Accounting Graduates or Postgraduates
Professionals Preparing for Certifications (CPA, ACCA, or CA)

Intermediate Accounting: Skills For Accounting Professionals

What you'll learn

Explore related topics

Course content

Introduction to Intermediate Accounting4 lectures • 19min

Financial Reporting9 lectures • 1hr 13min

Advanced Accounting Topics8 lectures • 1hr 26min

Requirements

Description

Who this course is for: