What Is Involved in Advanced Financial Accounting?
The study of advanced financial accounting is mainly to undertake intermediate financial accounting, to study and learn about some special issues in corporate accounting, mainly lease business accounting, corporate merger accounting, non-monetary asset transactions, debt restructuring, income tax accounting, consolidated statements , Derivative financial instrument accounting, foreign currency business accounting, segment report accounting content, including both domestic subsidiaries and branch accounting, as well as foreign subsidiaries and branch accounting.
Advanced Financial Accounting
(Advanced Financial Accounting)
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- Chinese name
- Advanced Financial Accounting
- Foreign name
- Senior Financial Accountant
- Overview
- Economic management activities
- Classification
- Chinese and Western
- development of
- Ancient, modern, modern
- Related certificates
- Accounting qualification certificate, advanced accounting
- The study of advanced financial accounting is mainly to undertake intermediate financial accounting, to study and learn about some special issues in corporate accounting, mainly lease business accounting, corporate merger accounting, non-monetary asset transactions, debt restructuring, income tax accounting, consolidated statements , Derivative financial instrument accounting, foreign currency business accounting, segment report accounting content, including both domestic subsidiaries and branch accounting, as well as foreign subsidiaries and branch accounting.
- Advanced financial accounting is a follow-up course for intermediate financial accounting. Compared with other professional courses in the specialty of accounting, such as intermediate financial accounting, cost accounting, management accounting, and financial management, advanced financial accounting is more advanced, theoretical, and technical. And other characteristics, a lot of knowledge of other disciplines involved. Intermediate financial accounting introduces how to prepare general financial reports for industrial and commercial objects, while advanced financial accounting aims at accounting issues of some special organizations, such as partnership accounting, government and nonprofit accounting, and some special economic businesses. Explain issues such as corporate bankruptcy, inheritance and trust accounting. In addition, some advanced financial accounting will also include some of the cutting-edge issues in this field into the system, such as human resources accounting, green accounting (also known as environmental accounting), social responsibility accounting, and so on. This is also because advanced financial accounting has some research implications.
- (1) Advanced financial accounting belongs to the category of financial accounting.
The problem solved by advanced financial accounting is still the issue of external reporting of economic matters. In other words, the goals of high-level financial accounting and intermediate financial accounting are the same, both are to provide external investors, creditors and other people with a stake in the company with information about the company's financial status, operating conditions and operating results. Meet their decision-making needs for financial accounting information.
(II) Advanced financial accounting deals with special issues facing enterprises. Economic matters within the financial accounting target can be divided into general matters and special matters. The standard for dividing general matters and special matters is the frequency of occurrence. General matters are recurring matters in the business process of an enterprise, such as the accounting of fixed assets, inventory, investments, receivables, and payables; special events occur at a particular stage of the business or under certain conditions Matters such as liquidation or reorganization of the company under the state of frequent bankruptcy; conversion of foreign currency statements in the case of transnational operations, etc.
(3) The theory and methods adopted by advanced financial accounting are amendments to the original financial accounting theories and methods. In the theoretical issues of financial accounting goals, accounting information quality characteristics, accounting confirmation, and measurement principles discussed in intermediate financial accounting, all four basic accounting assumptions are strictly followed. When the objective economic environment in which accounting takes place changes and there are special accounting matters that break through the four basic assumptions, advanced financial accounting arises. The loosening of accounting assumptions will inevitably cause corresponding changes in financial accounting theories and methods based on the four assumptions. For example, when the original accounting entity is unable to continue its business activities, the bankruptcy liquidation accounting theory and method came into being. When the price fluctuations impact the assumption of currency stability implied in the currency valuation assumption, one must seek a new accounting model to replace the "historical cost" accounting model.