What college-level coursework is described as Intermediate Accounting?
Accounting theory and practice as it relates to current assets, including monetary assets, receivables and inventories. The standard setting process, present value application, accounting for discontinued operations and extraordinary items, and preparation of financial statements. Inventory valuation, plant assets, intangible assets, current liabilities, bonds, contingencies and stockholders; equity, earnings per share for both simple and complex capital structures. Investments, revenue recognition, deferred taxes, pension plans and leases. Accounting changes, financial statement analysis and disclosure issues.
