The Intermediate Accounting course provides students with an advanced understanding of financial reporting and analysis, building on the principles of financial accounting. Using Intermediate Accounting: Reporting and Analysis, 4th Edition by Jefferson P. Jones and Donald P. Pagach, this course examines the conceptual framework underlying financial reporting, including both U.S. GAAP and International Financial Reporting Standards (IFRS).

Students will learn how to prepare, analyze, and interpret balance sheets, income statements, statements of cash flows, and equity reports. The course explores recognition, measurement, and disclosure for assets, liabilities, and equity, with detailed coverage of inventories, receivables, property, plant, equipment, intangible assets, and investments. Advanced topics include revenue recognition, accounting for income taxes, pensions, leases, and changes in accounting methods.

Designed for accounting and business majors, this course equips learners with the technical and analytical skills required for careers in accounting, auditing, and finance. Emphasis is placed on applying professional judgment, interpreting financial disclosures, and evaluating company performance using real-world financial reports. Students will gain the tools to navigate complex reporting issues and develop the critical thinking skills necessary for success in professional practice.