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

By University of Illinois, Urbana Champaign via Coursera

Learn the advanced concepts of financial reporting and consolidated financial statements preparation through the online course by Coursera.

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Quick Facts

Medium Of Instructions	Mode Of Learning	Mode Of Delivery
English	Self Study	Video 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
BeginnerLevel course
Shareable Certificate
Financial aid available

Courses and Certificate Fees

Fees Informations	Certificate Availability	Certificate Providing Authority
INR 4928	yes	University 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 4,928

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

Financial PlannerFinancial AdvisorFinancial AnalystFinance Executive

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.