Intermediate Financial Accounting

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