third-year financial accounting course:

1. Advanced Revenue Recognition:

 Long-term contracts and the percentage-of-completion method

 Multiple deliverables and bundled contracts
 Revenue recognition challenges in various industries

2. Complex Financial Instruments:

 Accounting for derivatives, hybrid instruments, and embedded derivatives

 Fair value measurement for financial instruments

3. Business Combinations and Consolidation (Advanced):

 Purchase price allocation

 Non-controlling interests and changes in ownership
 Special issues in consolidating complex corporate structures

4. Accounting for Income Taxes (Advanced):

 Uncertain tax positions

 Interim financial reporting and income tax accounting

5. Accounting for Foreign Currency Transactions:

 Functional currency determination

 Translation of foreign subsidiary financial statements

6. Segment Reporting:

 Identifying and reporting operating segments

 Segment disclosure requirements

7. Accounting for Liabilities:

 Contingencies and provisions

 Complex debt and financial instruments

8. Accounting for Stockholders' Equity (Advanced):

  Stock splits and stock dividends
 Preferred stock and convertible securities

9. Accounting for Nonprofit Organizations (Advanced):

 Endowment accounting
 Fund accounting for nonprofits

10. Accounting for Governmental Entities (Advanced): - Government-wide vs. fund

financial statements - Reporting requirements for special purpose governments

11. Accounting for Leases (Advanced): - Lessee and lessor accounting under ASC 842
(U.S. GAAP) and IFRS 16 - Sale and leaseback transactions (complex situations)

12. Accounting for Fair Value (Advanced): - Complex valuation techniques - Fair value
hierarchy and Level 3 inputs

13. Accounting for Stock-Based Compensation (Advanced): - Employee stock

purchase plans - Modifications and settlements of stock-based awards

14. Accounting for Derivatives and Hedging (Advanced): - Hedge effectiveness

testing - Hedging of non-financial items

15. Advanced Financial Statement Analysis: - Ratio analysis for credit risk assessment
- Trend analysis and peer comparisons

16. Current Accounting Issues and Updates: - Recent changes in accounting

standards and their impact - Ongoing discussions and emerging issues in financial
reporting

17. Ethics in Accounting (Advanced): - Ethical challenges in complex financial

reporting scenarios - Professional ethics and the role of the accountant

18. International Financial Reporting Standards (IFRS) (Advanced): - In-depth

analysis of specific IFRS standards - Global adoption and implementation challenges

Ensure that your third-year financial accounting notes are organized effectively, provide
detailed explanations, include practical examples, and involve solving complex
accounting problems to enhance your comprehension of these advanced concepts. Stay
updated with any changes in accounting standards and consult your course materials
and instructor for specific details and requirements for your course.