# Intermediate Financial Accounting Course

Canonical URL: <https://www.graduateschool.edu/courses/intermediate-financial-accounting>

## Overview

Ready to advance your financial accounting expertise? This Intermediate Financial Accounting course will expand your understanding of complex accounting principles and equip you to handle the challenges of advanced financial reporting.

 

The course begins with an in-depth look at income statements, covering details such as footnotes, management’s discussion, and complex elements like revenue recognition, stock-based compensation, interest expense, and capitalized interest. You’ll also learn to address unusual items, discontinued operations, restructuring charges, and gain an introduction to earnings per share (EPS), including the impact of options and convertible securities.

 

Next, the focus shifts to deferred taxes, including the comparison of book versus tax basis, permanent differences, effective tax rates, and an introduction to Net Operating Losses (NOLs) with related tax journal entries. Additional topics include intercompany investments, equity method accounting, the complexities of debt accounting, and further exploration of deferred tax considerations.

 

By the end of the course, you’ll be prepared to manage complex accounting assignments with confidence.

## 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 — Live Online
- Oct 2, 2026 10:00am–5:00pm — Live Online
- Nov 13, 2026 10:00am–5:00pm — Live Online

## Pricing

**Tuition:** $325