Advanced Accounting

Definition of Advanced Accounting

Advanced Accounting is defined as the higher version of accounting which covers aspects such as Mergers and Acquisitions, Foreign Currency operations, Changing Financial Statement prepared from one currency to others etc. Advanced Accounting is one Step ahead than accounting as it helps to know more about the business rather than concentrating alone on the Accounting aspects. A normal Accounting procedure will just help in making a simple Journal entry and at the end of making Journals, we will post it in the ledger and then prepare a trial balance for Calculating Income Statement But advanced accounting will cover aspect such as impairment loss/profit which helps in reflecting true and fair view of the Financial Statements. For Example:  If we Purchase a goodwill than as per simple accounting we will just post a journal entry but in case of advanced accounting, it will focus on estimating true value of Goodwill prevailing in market and if there is any under or Over Valuation, a rectifying entry would be passed to calculate the Impairment Loss/Gain. Our tutors at Courseworktutors provide help on all topics of Advanced Accounting. We provide queries in Advanced Accounting Assignment Help, Advanced Accounting related issues, Advanced Accounting Homework Help etc.

Areas Covered in Advanced Accounting

Major Areas covered in Advanced Accounting are as follows:

  • Acquisition Method
  • Impairment Method
  • Fair Value Option
  • Fair Value Measurement
  • Investment Method
  • Pension Accounting
  • Share Based Payment
  • Generally Accepted Accounting Principles
  • Financial Statement Analysis

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