# Intermediate Financial Accounting

Canonical URL: <https://www.nobledesktop.com/classes/intermediate-financial-accounting>

## Overview

Want to take your financial accounting skills to the next level? This Intermediate Financial Accounting 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 encompasses 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.

## 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

## Prerequisites

Students should be comfortable with the concepts covered in [Intro to Financial Accounting](https://www.nobledesktop.com/classes/intro-to-financial-accounting).

## Curriculum

#### 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 asset and liabilities
- Introduction to NOLs
- NOLs-related tax journal entries

#### Intercompany Investments

- Trading, available for sale, and held to maturity securies
- 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

## Schedule
- Jun 17, 2026 10:00am–5:00pm — NYC
- Oct 2, 2026 10:00am–5:00pm — NYC
- Nov 13, 2026 10:00am–5:00pm — NYC

## Pricing

**Tuition:** $325