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 luck🍀🤞✨
Intermediate Accounting Topics
Financial Accounting & Standards
- Financial Reporting, Financial Statements – Introduction
- Scope of Accounting
- Limited Resources & Accounting
- Financial Reporting – Objectives
- Necessity of Accounting Standards
- Parties Setting Accounting Standards
- Parties Setting Accounting Standards – SEC
- Parties Setting Accounting Standards – AICPA
- Parties Setting Accounting Standards – FASB
- FASB Codification – Generally Accepted Accounting Standards
- Limitations of Financial Accounting
Financial Statements
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- Balance Sheet – What is a Balance Sheet?
- Balance Sheet Accounts
- Balance Sheet Example
- Classified Balance Sheet
- Balance Sheet Template
- Income Statement Vs Balance Sheet
- Balance Sheet Equation
- Balance Sheet Formula
- Balance Sheet Format
- How to Read Balance Sheet?
- Common Size Balance Sheet
- Comparative Balance Sheet
- Which account does not appear on the balance sheet?
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- Income Statement – What Is An Income Statement?
- Income Statement Example
- Multi Step Income Statement
- Income Statement Format
- Common Size Income Statement
- Income Statement Template
- Income Statement Accounts
- Pro Forma Income Statement
- Income Statement Formula
- Contribution Format Income Statement
- Contribution Margin Income Statement
- Single Step Income Statement
- Statement of Comprehensive Income
- How to Prepare Income Statement?
- Comparative Income Statement
- Profit & Loss Income Statement Template
- Earnings Per Share
- EBIT
- EBITA
- EBITDA
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Assets
➤ Assets
➤ Long-Term Assets
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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 – Cash Discounts
- Valuation – Deferred Payments
- Valuation – Lump-Sum Acquisition
- Valuation – Stock Issue
- Valuation – Exchange of Assets
- Valuation – Contributions
- Subsequent Acquisition – Additions
- Subsequent Acquisition – Improvements & Replacements
- Subsequent Acquisition – Rearrangement & Reinstallation
- Subsequent Acquisition – Repairs
- Disposal of Property, Plant & Equipment
- Property, Plant & Equipment Reporting
- Property, Plant & Equipment Analysis
- Residual Value
- Revaluation Account
- Salvage Value
- Wear & Tear
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➤ Short-Term (Current) Assets
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- What is Inventory?
- Periodic Inventory System
- Perpetual Inventory System
- Inventory Valuation Method – FIFO
- Inventory Valuation Method – LIFO
- Specific Price Method
- Average Price Method
- Stock Register
- Carriage Inward Explained
- Carriage Outward Explained
- Return Inward Explained
- Return Outward Explained
- FOB Shipping Point Explained
- Purchase Return
- Cost of Goods Manufactured
- Sold Goods For Cash Journal Entry
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Equity
➤ Equity
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Liabilities
➤ Liabilities
➤ Long-Term Liabilities
➤ Short-Term Liabilities
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Revenue
Expenses
Profit
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- Revenue Vs Profit
- Gross Margin Explained
- Gross Margin Formula & Calculation
- Gross Profit Vs Gross Margin
- Gross Profit Formula & Calculation
- Gross Profit Margin Calculation Example
- Net Income Explained
- Net Profit Explained
- NOPAT – Net Operating Profit After Tax
- Operating Margin
- Profit (Loss) Formula & Calculation
Financial Analysis
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- How To Read Balance Sheet?
- Liquidity Explained
- Accounts Receivable Turnover
- ACID Test Ratio
- Activity Ratio
- ANOVA – Analysis of Variance
- Asset Turnover Ratio
- Cash Ratio
- Contribution Margin
- Contribution Margin Ratio Calculation Example
- Current Ratio
- DSO Meaning
- Days Sales Oustanding
- Debt Ratio
- Debt To Asset Ratio
- Debt To Equity Ratio
- Debt To Income Ratio
- Fixed Charge Coverage Ratio
- Interest Coverage Ratio
- Inventory Turnover Ratio
- Inventory Turnover Ratio Formula & Calculation Example
- Leverage Ratio
- Net Working Capital Capital & Calculation Example
- Proprietary Ratio
- Quick Ratio
- Return On Assets Ratio
- Return On Investment (ROI) Ratio
- Return On Sales Ratio
- Return On Equity (ROE) Ratio
- Time Period Ratio
- Times Interest Earned Ratio
- Total Assets Turnover Ratio
- WACC Explained
- Gross Profit Ratio
- Working Capital Ratio
Audit, Ethics, Control
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