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Quick Facts

Medium Of InstructionsMode Of LearningMode Of Delivery
EnglishSelf StudyVideo and Text Based

Course Overview

Advanced Financial Reporting: Accounting for Business Combinations and Preparation of Consolidated Financial Statements is an online certification programme meant for advanced-level students to explore financial reporting. Advanced Financial Reporting: Accounting for Business Combinations and Preparation of Consolidated Financial Statements Certification Syllabus will guide the students on accounting for business combinations and the methods to prepare the consolidated financial statements. 

Advanced Financial Reporting: Accounting for Business Combinations and Preparation of Consolidated Financial Statements Certification Course, offered by Coursera, is administered by the University of Illinois at Urbana-Champaign. Advanced Financial Reporting: Accounting for Business Combinations and Preparation of Consolidated Financial Statements Certification by Coursera is prepared in a flexible fashion that enables the learners to learn at their convenience. 

The Highlights

  • Provided by Coursera
  • Offered by the University of Illinois at Urbana-Champaign
  • Self-Paced Learning Option
  • 100% Online Course
  • Around 24 Hours to Complete 
  • Flexible Deadlines
  • Shareable Certificate
  • Financial Aid Available

Programme Offerings

  • English videos with multiple subtitles
  • Shareable Certificate
  • Beginner level course
  • Financial aid available.

Courses and Certificate Fees

Fees InformationsCertificate AvailabilityCertificate Providing Authority
INR 4957yesUniversity of Illinois, Urbana Champaign

Coursera provides two options of enrollment for the students who want to join these programmes. They can either join by paying the   Advanced Financial Reporting: Accounting for Business Combinations and Preparation of Consolidated Financial Statements Certification Fee and audit at no cost. In the audit mode, the students will have access only to the course materials whereas in their option, they will be provided with all of the features. 

Advanced Financial Reporting: Accounting for Business Combinations and Preparation of Consolidated Financial Statements  Fee Structure

Name of the course

Fee details (In INR)

Advanced Financial Reporting: Accounting for Business Combinations and Preparation of Consolidated Financial Statements

INR 4,957




Eligibility Criteria

Certification Qualifying Details

The course after it gets over offers a certificate upon completion to all its students.. 

What you will learn

Financial Management

After the completion of the Advanced Financial Reporting: Accounting for Business Combinations and Preparation of Consolidated Financial Statements Training, the students will be able to know: 

  • Preparation of the consolidated financial statements. 
  • Intercompany transactions.
  • Goodwill impairment test.
  • Differences between business combinations and asset acquisition


Who it is for

Advanced Financial Reporting: Accounting for Business Combinations and Preparation of Consolidated Financial Statements Classes is meant for the advanced learners and it can also be pursued by the professionals like Financial Advisor, Financial Planner,  Finance Executive and Financial analyst.


Admission Details

Step 1 -Register and sign up at https://www.coursera.org/ 

Step 2 - Find ‘The University of Illinois at Urbana-Champaign’ and the online courses offered by Coursera will show up. 

Step 3 - Search for ‘Admission Details of Advanced Financial Reporting: Accounting for Business Combinations and Preparation of Consolidated Financial Statements’. 

Step 4- Click the option  ‘enrol’ and start taking the course.

The Syllabus

Videos
  • Course Overview
  • Meet Professor Kustanovich
  • Learn on Your Terms
Reading
  • Syllabus
  • About the Discussion Forums
  • Learn More About Flexible Learning Paths
  • Updating Your Profile
Quiz
  • Orientation Quiz
Discussion Prompt
  • Getting to Know Your Classmates

Videos
  • Overview of Accounting for Investment in Equity Securities – Part1
  • Overview of Accounting for Investment in Equity Securities – Part 2
  • Control
  • Scope of ASC 805 – "Business Combinations"
  • Acquisition of a Group of Assets
Readings
  • Module 1 Overview and Resources
Practice Exercises
  • Lesson 1-1 Knowledge Check
  • Lesson 1-2 Knowledge Check
  • Lesson 1-3 Knowledge Check
  • Lesson 1-4 Knowledge Check
  • Module 1 Quiz

Videos
  • Overview of the Acquisition Method
  • Goodwill Equation
  • Consolidated Financial Statements on the Business Combination Date – Part 1
  • Consolidated Financial Statements on the Business Combination Date – Part 2
Readings
  • Module 2 Overview and Resources
Practice Exercises
  • Lesson 2-1 Knowledge Check
  • Lesson 2-2 Knowledge Check
  • Lesson 2-3 Knowledge Check
  • Module 2 Quiz

Videos
  • Share-Based Payment Awards
  • Express Scripts and Medco Merger
  • Contingent Consideration – Part 1
  • Contingent Consideration – Part 2
Readings
  • Module 3 Overview and Resources
Practice Exercises
  • Lesson 3-1 Knowledge Check
  • Lesson 3-3 Knowledge Check
  • Module 3 Quiz

Videos
  • Identifiable Assets Acquired
  • Intangible Assets Other Than Goodwill
  • Defensive Asset and In-Process Research and Development (IPR&D)
  • Deferred Taxes on the Acquisition Date – Part 1
  • Deferred Taxes on the Acquisition Date – Part 2
Readings
  • Module 4 Overview and Resources
Practice Exercises
  • Lesson 4-1 Knowledge Check
  • Lesson 4-2 Knowledge Check
  • Lesson 4-3 Knowledge Check
  • Lesson 4-4 Knowledge Check
  • Module 4 Quiz

Videos
  • Accounting Acquisition Premium (AAP)
  • The Effect of AAP on Consolidated Financial Statements
  • Consolidated Financial Statements with AAP – Part 1
  • Consolidated Financial Statements with AAP – Part 2
  • Intercompany Inventory Transactions
Readings
  • Module 5 Overview and Resources
Practice Exercises
  • Lesson 5-1 Knowledge Check
  • Lesson 5-2 Knowledge Check
  • Lesson 5-3 Knowledge Check
  • Lesson 5-4 Knowledge Check
  • Module 5 Quiz

Videos
  • Intercompany Transactions with Depreciable Assets
  • Intercompany Debt
  • Noncontrolling Interest (NCI)
  • Net Income Attributable to NCI
  • Consolidated Retained Earnings and Subsequent Measurement of NCI
  • Example of Consolidation with NCI
Readings
  • Module 6 Overview and Resources
Practice Exercises
  • Lesson 6-1 Knowledge Check
  • Lesson 6-2 Knowledge Check
  • Lesson 6-3 Knowledge Check
  • Lesson 6-4 Knowledge Check
  • Lesson 6-5 Knowledge Check
  • Lesson 6-6 Knowledge Check
  • Module 6 Quiz

Videos
  • Business Combination Achieved in Stages – Part1
  • Business Combination Achieved in Stages – Part 2
  • Deconsolidation
  • Change in the Percentage of Ownership without Loss of Control
  • Subsidiary Holds Shares of the Parent
Readings
  • Module 7 Overview and Resources
Practice Exercises
  • Lesson 7-1 Knowledge Check
  • Lesson 7-2 Knowledge Check
  • Lesson 7-3 Knowledge Check
  • Lesson 7-4 Knowledge Check
  • Module 7 Quiz

Videos
  • Segment Reporting
  • Entity-Wide Disclosure
  • Goodwill Impairment Test – Identification of the Reporting Units
  • Goodwill Impairment Test – Qualitative Assessment
  • One-Step Quantitative Goodwill Impairment Test
  • Goodwill Impairment Test Under IFRS
  • Private Companies Accounting for Goodwill
  • Gies Online Programs
Readings
  • Module 8 Overview and Resources
  • Congratulations!
  • Get Your Course Certificate
Practice Exercises
  • Lesson 8-1 Knowledge Check
  • Lesson 8-2 Knowledge Check
  • Lesson 8-3 Knowledge Check
  • Lesson 8-4 Knowledge Check
  • Lesson 8-5 Knowledge Check
  • Lesson 8-6 Knowledge Check
  • Lesson 8-7 Knowledge Check
  • Module 8 Quiz

Instructors

University of Illinois, Urbana Champaign Frequently Asked Questions (FAQ's)

1: Who can join the Advanced Financial Reporting: Accounting for Business Combinations and Preparation of Consolidated Financial Statements online course?

The advanced level learners who are interested in financial accounting can join the online programme.

2: Which is the institution that offers the Advanced Financial Reporting: Accounting for Business Combinations and Preparation of Consolidated Financial Statements online certification?

The University of Illinois at Urbana-Champaign is offering the online programme.

3: In which languages the subtitles for course videos are available?

The subtitles for the course videos are available in the languages of French, Portuguese (European), Russian, English, and Spanish.

4: Does Coursera offer financial assistance? Where to Apply?

Yes, Coursera provides financial assistance for the students who are unable to pay the fee. The link to apply for the scholarship “Financial aid available” is provided on the course page.

5: How many hours do learners need to complete the online course?

The learners can finish the online course successfully within 24 hours.

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