Intermediate accounting is a vital part of every business, whether you are a newcomer or already have an advanced degree. This level teaches you how to make financial statements and analyze them. Intermediate accounting also includes advanced topics such as inventory and cost flow assumptions. In addition to the knowledge learned from financial accounting, students will be able to calculate various financial ratios. They will also be able to identify the effects of different decisions on a business’s bottom line.
WileyPLUS Course Collection enables instructors to leverage pre-built, gold-standard courses. These courses reflect insights from subject matter experts and authors, making them fully customizable. WileyPLUS is a learning science-based program developed by Laura Wiley, a professor at Louisiana State University. Wiley and Fuhremann have expertise in engaging students and developing skills, so you can benefit from their experience and knowledge. This advanced learning platform also offers a comprehensive library of pre-built courses for all levels of intermediate accounting.
This book is an essential tool for anyone taking an Intermediate Accounting course. It provides an overview of important concepts from Introductory Accounting. It also covers all the topics essential for first-year Intermediate Accounting courses, including the conceptual framework and the current landscape of financial reporting. Other topics include revenue recognition, shareholder equity, assets, liabilities, leases, and cash and receivables. Several additional topics in the book address new issues and developments that affect businesses.
For beginners, it’s a good idea to start by taking an Introduction to Financial Accounting course. This course covers the basic principles of financial accounting, including the balance sheet, statement of income and expenses, and cash flow analysis. Students will also learn how to translate transactions into expenses using debit and credit bookkeeping. The final module covers the use of financial accounting software and the design of an accounting information system. Averkamp’s course has a 4.4/5 rating and consists of eight lessons.
During the intermediate level of the study of accounting, students will learn to apply standards set by two boards: the U.S. Financial Accounting Standards Board and the International Accounting Standards Board. Generally, the Financial Accounting Standards Board sets the standards for financial reporting. The International Accounting Standards Board sets international financial reporting standards. If you are taking ACC 410A as your first course, be sure to select the one that suits your needs. There are many options available for advancing your career with intermediate accounting.
Those looking to start a career in accounting can opt for an online course. Aside from teaching you basic principles of accounting, these courses are designed to give you the necessary foundations to pursue a career in the field. The courses are often taught online and include quizzes and assignments. Many online courses offer financial aid for those who are unable to pay tuition. In addition, you can put a certificate of completion on your LinkedIn profile for future employment opportunities.