Intermediate accounting deals with the preparation and presentation of financial reports in accordance with the financial reporting framework. It covers understanding and application of accounting standards relating to the nature and composition of accounts, initial recognition, measurement, and presentation in the financial statements.

This course is the second of the four-part series of intermediate accounting courses. This equips the learners with a thorough understanding of the accounting and financial statement presentation of investment in debt securities, financial liabilities, inventories, and property, plant, and equipment. Learners are expected to analyze accounting transactions, prepare accounting entries, summarize the effects of the transactions, and prepare and present the accounts in the financial statements in conformity with the financial reporting framework, using mini case studies.