Intermediate Accounting

Accounting students usually take three years of accounting courses to complete a bachelor's degree at most educational institutions. One year of an accounting degree includes intermediate accounting, a second-level accounting class.

Features

1. Intermediate accounting introduces students to a deeper and broader level of accounting theory. The typical intermediate accounting format requires two semesters of intense conceptual course work.

Topics

2. Topics found in intermediate accounting include the conceptual framework of Generally Accepted Accounting Principles (GAAP), financial ratios analysis, equity accounting, investment strategies and financial statement preparation.

Significance

3. Because intermediate accounting courses represent the beginning of major accounting theory concepts, students who fail to complete the course often change their majors because they are unable to finish the degree in four years.

Considerations

4. Students looking to begin a career in public accounting should carefully choose the colleges where they earn their accounting degrees. Certain colleges and universities have better accounting programs, equipping their students with the education needed to pass the Certified Public Accountant (CPA) exam.