Intermediate accounting is the next step in learning financial accounting after you have studied and mastered accounting basics, which covers the very basic topics like debits and credits, concept of double entry accounting accounting cycle and accounting equation, T accounts and basic rules, how to account for business transactions and so on.
Intermediate accounting covers more complex topics, providing deeper knowledge on accounting for separate parts of Balance Sheet and Income Statement.
Intermediate Accounting Topics
While studying intermediate accounting you will touch the following topics:
- Balance Sheet and its structure
- Income Statement and its structure
- Statement of Cash Flow, Its Structure & Preparation
- Accounts Receivable accounting
- Accounts Payable accounting
- Accounting for Property, Plant and Equipment
- Revenues and Expenses
- Accrued costs
- Deferred costs
- and much more…
Explore below all intermediate accounting topics, which are present on AccountingCorner.org and take your choice of the next study topic! Good luck๐๐คโจ
Intermediate Accounting Topics
Financial Statements
Assets
โค Long-Term Assets
โฅ Property, Plant & Equipment
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- What is property, plant & equipment?
- Acquisition of Property, Plant And Equipment
- Cost of Land
- Cost of Buildings
- Self Constructed Assets
- Interest and Construction
- Valuation โ Cash Discounts
- Valuation โ Deferred Payments
- Valuation โ Lump-Sum Acquisition
- Valuation โ Stock Issue
- Valuation โ Exchange of Assets
- Valuation โ Contributions
- Subsequent Acquisition โ Additions
- Subsequent Acquisition โ Improvements & Replacements
- Subsequent Acquisition โ Rearrangement & Reinstallation
- Subsequent Acquisition โ Repairs
- Disposal of Property, Plant & Equipment
- Property, Plant & Equipment Reporting
- Property, Plant & Equipment Analysis
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โค Short-Term Assets
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Equity
โค Equity
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Liabilities
โค Long-Term Liabilities
โค Short-Term Liabilities
Revenue
Expenses
Profit
- Net Income – Definition, Formula & Calculator
- Gross Income vs Net Income
- Net Profit
- Profit Loss Formula
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