250 D105 OA Questions and Answers to Pass in Just 7 Days!

The D105 – Intermediate Accounting III course will help students enhance their knowledge of advanced accounting. Continuing in the same sequence of development of concepts from past courses this module presents more advanced issues like investments, income taxes, pensions, leases, and statements of cash flows. It also addresses the Full Disclosure Principle and the nuances of error correction in financial reporting.

By the time, you are learning through D105, all these skills will have been imparted to enable you to deal with all the complications that are found in financial reporting and analysis. The course will also show you how to use these principles in real-life situations and this is very useful for anyone who is contracting to become a professional accountant or any financial-based career.

One of the most appealing aspects of the course, D105 is its applicative orientation. The course is also not purely theoretical, it also allows you to really engage and apply a lot of the accounting principles you are taught to the real world. Such an opportunity for practical training will let you be ready to deal with the difficult aspects of financial reporting, which you could face in your job.

Furthermore, D105 talks about the ethical roles of accountants especially in issues of revenue recognition, other revenue, and incorporating errors and tax reporting. The course throws a test to you and makes you come up with a critical analysis of how accounting information affects decision-making processes and the direction of organizations.

By the end of D105, you will have mastered several critical accounting competencies, including:

• Revenue Recognition: Understand when and how to recognize revenue under various accounting methods.
• Investments: Learn how to classify, value, and recognize investments for accounting purposes.
• Accounting for Income Taxes: Get an understanding of how deferred tax assets and liabilities are dealt with together with inter-period tax allocation and calculation of the tax expense.
• Accounting for Leases: Learn about the lease classification, measurement, and assessment of the effect of leases on an organization.
• Pensions and Post-Retirement Benefits: Develop a solid understanding of pension accounting, including expense components, funded status, and disclosures.
• Statement of Cash Flows: Master the preparation and analysis of cash flow statements, paying special attention to operating, investing, and financing activities.
• Full Disclosure in Financial Reporting: Gain a sufficient understanding of various pension expense components, pension liability or assets, and pension disclosures.