Course Description

Broderick Associates

Chris Broderick

CHRIS BRODERICK, as the primary principal of Broderick Associates, Chris Broderick translates his experience as a financial analyst to the teaching of accounting and financial statement analysis. Chris is a second-generation instructor of this family-run enterprise beginning his teaching in 1995 in association with his father. Since 1986 as a analyst with Chase Manhattan Bank, Chris has a broad expertise in international credit analysis traveling throughout the globe from his base in the New York and London offices. Later in 1989 he began training within Chase on a worldwide platform. Since joining Broderick Associates, he has trained employees with HSBC, JP Morgan Chase, TD Bank among others; both locally and globally. Throughout his career, he has also been aligned with various colleges and universities.

Course curriculum

  • 1

    Introduction, Course Objectives, Prerequisite Knowledge Required, Contents

    • Course Objectives

    • Prerequisite Knowledge Required

    • Course Contents
  • 2

    Section 1 Introduction to Intercompany Investments

    • Introduction to Intercompany Investments
  • 3

    Section 2 Accounting for Investments in Debt Securities

    • Accounting for Investments in Debt Securities

    • Exercise 1

    • Solution: Exercise 1

    • Amortized Cost Securities

    • Exercise 2

    • Solution: Exercise 2

    • Fair Value Through Profit and Loss Securities

    • Exercise 3

    • Solution: Exercise 3

    • Fair Value Through Other Comprehensive Income Securities

    • Comparison: Financial Reporting of FVTPL and FVTOCI

    • Exercise 4

    • Solution: Exercise 4

    • Impairment of Debt Securities

    • The Fair Value Option

    • Comparison: US GAAP vs IFRS
  • 4

    Section 3: Accounting for Investments in Equity Securities

    • Investments in Equity Securities

    • Accounting at Acquisition

    • Accounting Subsequent to Acquisition

    • Subsequent to Acquisition: Cost and Market Value Methods

    • Exercise 5

    • Solution: Exercise 5

    • Taxes on Investment Income

    • Equity Method Accounting

    • Example: Equity Method Accounting

    • Significant Influence

    • Exercise 6

    • Solution: Exercise 6

    • Impairment of Equity Securities

    • Comparison: US GAAP vs IFRS
  • 5

    Section 4: Practice Problems

    • Problem 1

    • Solution: Problem 1

    • Problem 2

    • Solution: Problem 2

    • Problem 3

    • Solution: Problem 3

    • Problem 4

    • Solution: Problem 4

    • Problem 5

    • Solution: Problem 5