Advanced Accounting

Advanced accounting is more complex area of accounting theory. It is no longer accounting basics, where double entry principle, debits and credits, accounting equation and other simple accounting topics are covered and explained.

Advanced financial accounting is also more complex area of accounting theory compared to intermediate accounting, where more complex topics, like accounting for separate items of the Balance Sheet and Income Statement are covered and explained.

Advanced Accounting Topics

Advanced accounting covers very complex topics, which include the following:

business combinations
consolidated financial statements
intercompany transactions and related accounting topics
foreign currencies, derivatives, hedging and related accounting topics
non-for profit accounting
state and local governmental units and related accounting topics
estates and trusts

These are very interesting topics to discover and learn, however before starting advanced accounting learning adventure, make sure you are very well qualified in basic and intermediate topics.

Below you will find a list of all advanced accounting topics to explore, including theory and practical example.

Take your financial accounting knowledge to the next level