#9 Advanced Accounting II: Preparation of Consolidated Financial Statements
Study the process of consolidating a parent and its subsidiaries into a single entity and learn the principles of eliminating intercompany transactions.
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Study the process of consolidating a parent and its subsidiaries into a single entity and learn the principles of eliminating intercompany transactions.
Understand the impact of exchange rate fluctuations on financial statements and master the sophisticated accounting for derivatives used to manage risk.
How much did it cost to make one product? Study the basics of cost accounting to track numbers on the manufacturing floor.
Understand the difference between job-order and process costing, and learn performance management techniques through standard costing.
Work with numbers for the future. Learn about CVP analysis, decision-making using relevant costs, and performance management through the Balanced Scorecard (BSC).
Understand the core principles of risk pooling and the 'Law of Large Numbers' that govern the insurance industry.
Explore the structure of life tables and how actuaries use them to calculate survival probabilities and life expectancy.
Understand how to calculate the present value of future pension obligations and the impact of interest rates on retirement systems.
Learn how the premiums you pay are constructed, exploring the concepts of net premiums and loadings, and the mathematical factors that determine them.
Understand the concept of insurance reserves, the liabilities set aside by insurance companies for future benefit payouts, and their mathematical accumulation methods.