Intermediate Accounting & Reporting
Advance your accounting expertise with a comprehensive focus on Philippine financial reporting standards and tax regulations
Course Overview
Our Intermediate Accounting & Reporting course builds upon foundational knowledge to develop advanced skills in financial reporting, taxation, and management accounting within the Philippine context. This comprehensive program is designed for professionals who have basic accounting knowledge and seek to deepen their expertise in complex accounting areas.
Throughout this 10-week course, you'll master Philippine Financial Reporting Standards (PFRS), gain practical experience with complex accounting transactions, and develop critical analytical skills for business decision-making. The curriculum emphasizes real-world applications specific to Philippine regulatory requirements and business practices.
Whether you're a practicing accountant looking to enhance your qualifications, a finance professional seeking broader understanding of accounting implications, or a business owner needing advanced financial knowledge, this course provides the tools and expertise to navigate the complexities of intermediate accounting in the Philippine business environment.
Industry Practitioners
Learn from experienced Philippine CPAs with extensive industry expertise and teaching excellence.
PFRS Focus
Comprehensive coverage of Philippine Financial Reporting Standards with practical implementation guidance.
Case-Based Learning
Apply concepts to actual Philippine business scenarios through comprehensive case studies and analyses.
Prerequisites
Who Should Attend This Course
This course is designed for individuals who already have foundational accounting knowledge and wish to progress to more advanced concepts. To succeed in this course, you should have:
- Completed our Basic Accounting course or equivalent education/experience
- Understanding of basic accounting principles, financial statements, and the accounting cycle
- Familiarity with basic Philippine tax concepts (VAT, withholding taxes)
- Basic proficiency with spreadsheet software
Not sure if you're ready? Take our free assessment to evaluate your current knowledge level.
Course Curriculum
1
Advanced Financial Reporting Framework
Advanced Financial Reporting Framework
- Philippine Financial Reporting Standards (PFRS) structure and application
- Conceptual framework underpinning financial reporting in the Philippines
- Differences between PFRS, PFRS for SMEs, and international standards
- Regulatory compliance requirements for financial reporting in the Philippines
2
Complex Asset Valuation & Reporting
Complex Asset Valuation & Reporting
- Property, plant, and equipment: advanced accounting treatments
- Intangible assets: recognition, measurement, and disclosure
- Investment property accounting and reporting
- Impairment testing and valuation methodologies under PFRS
3
Financial Instruments & Fair Value
Financial Instruments & Fair Value
- Classification and measurement of financial instruments
- Fair value concepts and measurement techniques
- Hedging and derivatives in the Philippine context
- Disclosure requirements for financial instruments under PFRS 7
4
Advanced Revenue Recognition
Advanced Revenue Recognition
- Five-step revenue recognition model under PFRS 15
- Contract identification, modification, and combined contracts
- Performance obligations and transaction price allocation
- Principal vs. agent considerations in Philippine business contexts
5
Business Combinations & Consolidation
Business Combinations & Consolidation
- Accounting for business combinations under PFRS 3
- Goodwill recognition and subsequent measurement
- Preparing consolidated financial statements
- Foreign currency translation in Philippine group structures
6
Advanced Philippine Taxation
Advanced Philippine Taxation
- Corporate income taxation: strategies and recent developments
- Advanced VAT concepts and complex transactions
- Transfer pricing regulations in the Philippines
- Tax planning and compliance strategies for businesses
7
Management Accounting & Decision Making
Management Accounting & Decision Making
- Activity-based costing systems in Philippine businesses
- Strategic cost management and analysis
- Performance measurement and evaluation frameworks
- Financial decision-making tools and techniques
8
Financial Analysis & Reporting Technology
Financial Analysis & Reporting Technology
- Advanced financial statement analysis techniques
- Data visualization and financial dashboards
- Accounting software and ERP systems in the Philippine market
- Emerging technologies affecting accounting practices
Key Skills You'll Develop
Critical Analysis
Develop the ability to analyze complex financial information, identify issues, and recommend appropriate accounting treatments.
Regulatory Compliance
Master the application of Philippine regulatory requirements including BIR, SEC, and other industry-specific regulations.
Financial Reporting
Prepare comprehensive financial reports that comply with PFRS and effectively communicate financial information to stakeholders.
Decision Support
Provide valuable financial insights that support strategic business decisions and improve operational performance.
Process Optimization
Design and implement efficient accounting workflows that enhance accuracy, timeliness, and resource utilization.
Professional Communication
Effectively communicate complex accounting concepts to both financial and non-financial stakeholders.
Meet Your Instructors
Emre Santoski, CPA
Lead Instructor
Former audit manager at a Big 4 accounting firm with over 15 years of experience in financial reporting and PFRS implementation across various industries in the Philippines.
Marija Rizalic, CPA, MBA
Financial Reporting Specialist
Corporate controller for a publicly listed Philippine company with extensive expertise in PFRS and SEC reporting requirements for listed entities.
Vitali Bonifakiev, CPA
Taxation Expert
Tax consultant with 12 years of experience specializing in Philippine corporate taxation, transfer pricing, and international tax planning for multinational companies.
Career Advancement Opportunities
Completing this intermediate accounting course opens doors to various career progression paths and opportunities in the Philippine business landscape:
Senior Accountant Roles
Advance to senior positions in accounting departments with increased responsibilities and decision-making authority.
Financial Analyst
Apply your accounting expertise to financial analysis roles in corporate finance departments or consulting firms.
Compliance Specialist
Specialize in ensuring organizational compliance with Philippine regulatory and financial reporting requirements.
Tax Consultant
Pursue specialized roles in tax advisory services, helping businesses navigate the Philippine tax landscape efficiently.
Internal Auditor
Transition to internal audit roles where you'll evaluate financial controls and ensure proper governance within organizations.
Management Path
Build the foundation for future roles such as Accounting Manager, Controller, or Finance Director in Philippine companies.
Our graduates report an average salary increase of 28% within one year of completing this course, with 82% receiving promotions or new job offers.
Elevating Financial Expertise in the Philippine Context
In the evolving Philippine business landscape, intermediate accounting skills represent a critical differentiator for finance professionals seeking to advance their careers. Our specialized curriculum addresses the unique challenges presented by the Philippine regulatory environment, where the convergence of international standards with local requirements creates a distinct accounting framework.
The adoption of Philippine Financial Reporting Standards (PFRS) has transformed financial reporting practices across industries, demanding a deeper understanding of complex accounting concepts and their practical application. Organizations increasingly seek professionals who can navigate these standards confidently while maintaining compliance with Bureau of Internal Revenue (BIR) and Securities and Exchange Commission (SEC) regulations.
Beyond technical accounting knowledge, today's employers value professionals who can translate financial data into strategic insights. Our intermediate course cultivates these analytical capabilities, enabling graduates to contribute meaningfully to business decision-making processes. The blend of financial reporting expertise with management accounting principles prepares participants to address the multifaceted needs of Philippine enterprises.
As digital transformation reshapes accounting practices, professionals must also develop technological competence alongside traditional accounting skills. Our program incorporates modern accounting technologies relevant to the Philippine market, ensuring graduates remain competitive in an increasingly digital financial ecosystem.
The investment in advanced accounting education yields substantial returns for Philippine professionals, opening pathways to senior roles with expanded responsibilities and compensation. By mastering intermediate accounting concepts contextualizing them within the Philippine business environment, our graduates position themselves as valuable assets to organizations across the public and private sectors.
Enroll in Intermediate Accounting
Next Batch
June 10, 2025
Class Size
Limited to 15 students
Schedule
Weekends, 9 AM - 12 PM PHT
Intermediate Accounting & Reporting
Comprehensive 10-week program with premium learning materials
Frequently Asked Questions
How is this course different from the Basic Accounting course?
While the Basic course covers foundational concepts, the Intermediate course delves into more complex topics including advanced PFRS applications, detailed tax considerations, and management accounting principles. The Intermediate course assumes prior knowledge of basic accounting principles and builds upon them with more sophisticated applications relevant to Philippine business environments.
What if I haven't taken your Basic Accounting course?
You don't need to have specifically taken our Basic course, but you should have equivalent knowledge or experience. We offer a free assessment to determine if your current knowledge level is sufficient for this course. Additionally, we provide a pre-course refresher module for those who need to brush up on certain fundamental concepts.
Are there any additional materials or resources provided?
Yes, course materials include comprehensive digital resources such as practice exercises, case studies, financial statement templates, and reference guides specific to Philippine accounting standards. You'll also receive access to our online learning platform with additional resources and the opportunity to participate in monthly webinars on current accounting trends for 6 months after course completion.
How much time should I allocate for coursework outside of class sessions?
Students typically spend 5-7 hours per week outside of class sessions completing assignments, case studies, and review exercises. The course is designed for working professionals, so assignments are structured to accommodate busy schedules while still providing comprehensive learning.
Is this course recognized by Philippine accounting or finance organizations?
Our curriculum is aligned with standards recognized by major accounting professional organizations in the Philippines. The course qualifies for Continuing Professional Development (CPD) units for CPAs. Many of our graduates have successfully used their course completion to demonstrate professional development to employers and professional associations.