Intermediate Accounting

About this course

Once the basics are in place, the real challenge is applying accounting principles to less straightforward transactions. This eight-day course, of around 45 to 48 hours, takes you through the main areas of assets, liabilities and equity, together with revenue recognition and other complex transactions.

Each topic combines clear explanation with worked examples and practical cases, so you understand both the rule and the reasoning behind it. You will leave able to handle inventories, fixed and intangible assets, provisions, leases, equity transactions and accounting changes with greater accuracy and confidence.

What you'll learn

• Apply the conceptual framework to recognition and measurement decisions
• Account for inventories, property, plant and equipment and intangible assets
• Recognise revenue using the five-step model
• Measure and present provisions, contingencies and other liabilities
• Account for leases from the lessee's perspective
• Record equity transactions, including share issues and dividends
• Explain the accounting treatment of income taxes and financial instruments at an introductory level
• Handle accounting changes, error corrections and events after the reporting period

Curriculum

Who it's for

Accountants and finance staff with a sound grasp of the fundamentals who want to handle more complex transactions.

Before you start

• Completion of Financial Accounting Fundamentals or equivalent experience
• Working knowledge of double entry and period-end adjustments

Part of these Alalamia diplomas

• Alalamia Diploma in Financial Management and Business Accounting
• Alalamia Diploma in International Financial Reporting (IFRS and DipIFR Preparation)