Intermediate Accounting
Our Intermediate Accounting Listing
Our Intermediate Accounting lessons cover all Intermediate Level courses including schools that have Intermediate I and II or Intermediate I, II, and II sequencing. There are 352 Lessons in Intermediate Accounting which typically covers 2 or 3 semesters of Intermediate Accounting.
This page is not updated on a regular basis, however it is kept as up to date as possible:
Section 1: Understanding the Basic of Financial Accounting
Lesson 1.1 - The Financial Accounting Environment
Lesson 1.2 - Purpose of Financial Statements
Lesson 1.3 - Financial Statements in the Capital Markets
Lesson 1.4 - Cash vs Accrual
Lesson 1.5 - Development of Financial Accounting and Reporting Standards
Lesson 1.6 - Financial Statement Reform
Lesson 1.7 - The Conceptual Framework
Lesson 1.8 - Objective of Financial Reporting
Lesson 1.9 - Qualitative Characteristics
Lesson 1.10 - Relevance and Faithful Representation
Lesson 1.11 - Enhancing Characteristics
Lesson 1.12 - Elements of Financial Statements
Lesson 1.13 - Recognition Concepts
Lesson 1.14 - Measurement
Lesson 1.15 - Disclosure Concepts
Lesson 1.16 - Financial Statement Elements Example
Section 2: Review of the Accounting Cycle
Lesson 2.1 - Basic Elements of Accounting
Lesson 2.2 - Mechanics of Accounting
Lesson 2.3 - Transaction Analysis Example
Lesson 2.4 - The Accounting Process Cycle
Lesson 2.5 - Adjusting Entries - Review
Lesson 2.6 - Prepaid Expenses (Deferrals)
Lesson 2.7 - Deferred Revenues (Deferrals)
Lesson 2.8 - Accrued Liabilities/Expenses (Accruals)
Lesson 2.9 - Accrued Revenue (Accruals)
Lesson 2.10 - Adjusting Entries - Example
Lesson 2.11 - Preparing the Financial Statements
Lesson 2.12 - The Income Statement - Review
Lesson 2.13 - The Statement of Shareholders’ Equity - Review
Lesson 2.14 - The Balance Sheet - Review
Lesson 2.15 - The Statement of Cash Flows - Review
Lesson 2.16 - The Closing Process - Review
Lesson 2.17 - The Closing Process - Example
Lesson 3.1 - Intro to the Balance Sheet
Lesson 3.2 - Balance Sheet Organization
Lesson 3.3 - Shareholders’ Equity
Lesson 3.4 - Balance Sheet Preparation - Example
Lesson 3.5 - Annual Report Disclosure
Lesson 3.6 - Summary of Significant Accounting Policies
Lesson 3.7 - Subsequent Events
Lesson 3.8 - Management and Disclosure
Lesson 3.9 - Compensation of Directors and Top Executives
Lesson 3.10 - Auditor’s Report
Lesson 3.11 - Ratio Analysis - Balance Sheet
Lesson 3.12 - Liquidity Ratios - Balance Sheet
Lesson 3.13 - Liquidity Ratios - Example
Lesson 3.14 - Solvency Ratios - Balance Sheet
Lesson 3.15 - Solvency Ratios - Example
Lesson 3.16 - Relationship Between Risk and Profitability
Lesson 3.17 - Comprehensive Problem - Ratio Analysis
Section 4: The Income Statement & Statement of Cash Flows
Lesson 4.1 - Profitability & Cash Generation
Lesson 4.2 - Single-Step Income Statement - Example
Lesson 4.3 - Elements of the Income Statement
Lesson 4.4 - Income from Continuing Operations
Lesson 4.5 - Income from Discontinued Operations
Lesson 4.6 - Discontinued Operations - Example #1
Lesson 4.7 - Discontinued Operations - Example #2
Lesson 4.8 - Earnings Quality
Lesson 4.9 - Accounting Changes
Lesson 4.10 - Correction of Accounting Errors
Lesson 4.11 - Earnings Per Share (EPS)
Lesson 4.12 - Earnings Per Share - Example
Lesson 4.13 - Income Statement Presentation - Example
Lesson 4.14 - Comprehensive Income - Accumulated Other Comprehensive Income
Lesson 4.15 - Other Comprehensive Income - Example
Lesson 4.16 - Statement of Cash Flows
Lesson 4.17 - Operating Activities
Lesson 4.18 - Investing Activities
Lesson 4.19 - Financing Activities
Lesson 4.20 - Noncash Investing and Financing Activities
Lesson 4.21 - Direct Method of Statement of Cash Flows - Example
Lesson 4.22 - Activity Ratios
Lesson 4.23 - Profitability Ratios
Section 5: Time Value of Money
Lesson 5.1 - Basic Concepts of Time Value of Money
Lesson 5.2 - Future Value (FV) of a Single Amount
Lesson 5.3 - Present Value (PV) of a Single Amount
Lesson 5.4 - Reviewing PV and FV
Lesson 5.5 - Basics of Annuities
Lesson 5.6 - Future Value of an Ordinary Annuity
Lesson 5.7 - Future Value of an Annuity Due
Lesson 5.8 - Present Value of an Ordinary Annuity
Lesson 5.9 - Present Value of an Annuity Due
Lesson 5.10 - Combining PV of a Single Amount with an Annuity (Deferred Annuity)
Lesson 5.11 - Example of Deferred Annuity
Lesson 5.12 - Wrapping Up TVM
Section 6: Revenue Recognition
Lesson 6.1 - Overview of Revenues
Lesson 6.2 - 5-Step Process - Revenue Recognition
Lesson 6.3 - Recognition Single Point in Time
Lesson 6.4 - Recognition Over a Period of Time
Lesson 6.5 - Multiple Performance Obligations
Lesson 6.6 - Multiple Performance Obligations - Example
Lesson 6.7 - Special Issues in Revenue Recognition
Lesson 6.8 -Contract Issues - Types of Contracts
Lesson 6.9 - Performance Obligation Issues
Lesson 6.10 - Customer Options for Additional Goods or Services Example
Lesson 6.11 - Transaction Price Issues - Variable Consideration
Lesson 6.12 - Transaction Price Issues - Principal and Agent
Lesson 6.13 - Transaction Price Issues - Time Value of Money
Lesson 6.14 - Allocate Transaction Price Issues
Section 7: Cash and Receivables
Lesson 7.1 - Introduction to Cash and Cash Equivalents
Lesson 7.2 - Basics of Internal Controls
Lesson 7.3 - Restricted Cash
Lesson 7.4 - Compensating Balances
Lesson 7.5 - Accounts Receivable
Lesson 7.6 - Trade Discounts
Lesson 7.7 - Cash (Sales) Discounts
Lesson 7.8 - Journal Entries - Gross Method
Lesson 7.9 - Journal Entries - Net Method
Lesson 7.10 - Sales Returns
Lesson 7.11 - Subsequent Valuation of Accounts Receivable
Lesson 7.12 - Allowance Method
Lesson 7.13 - Written-Off Accounts Reinstated
Lesson 7.14 - Estimating the Allowance for Uncollectible Accounts
Lesson 7.15 - Accounts Receivable Aging Approach
Lesson 7.16 - Introduction to Notes Receivable
Lesson 7.17 - Notes Receivable Example
Lesson 7.18 - Short-Term Noninterest-Bearing Notes
Lesson 7.19 - Intro to Long-Term Notes Receivables
Lesson 7.20 - Financing with Receivables
Lesson 7.21 - Secured Borrowing
Lesson 7.22 - Factoring of Accounts Receivables without Recourse Example
Lesson 7.23 - Factoring of Accounts Receivables with Recourse Example
Section 8: Inventories: Measurement
Lesson 8.1 - Introduction to Inventory
Lesson 8.2 - Types of Inventory
Lesson 8.3 - Types of Inventory Systems
Lesson 8.4 - Inventory System - Periodic Example
Lesson 8.5 - Shipping Terms
Lesson 8.6 - Goods on Consignment
Lesson 8.7 - Sales Returns
Lesson 8.8 - Cost of Inventory
Lesson 8.9 - Purchase Discounts
Lesson 8.10 - Purchase Discounts Example
Lesson 8.11 - Inventory Cost Flow Assumptions
Lesson 8.12 - Perpetual First-In, First-Out Example
Lesson 8.13 - Perpetual Last-In, First-Out Example
Lesson 8.14 - Perpetual Weighted Average Example
Lesson 8.15 - Periodic First-In, First-Out Example
Lesson 8.16 - Periodic Last-In, First-Out Example
Lesson 8.17 - Periodic Weighted Average Example
Lesson 8.18 - Dollar Value LIFO
Lesson 8.19 - Dollar Value LIFO Example
Lesson 8.20 - Data Analytics Example
Section 9 - Inventory - Advanced Concepts
Lesson 9.1 - Subsequent Measurement of Inventory
Lesson 9.2 - Lower of Cost or Net Realizable Value
Lesson 9.3 - Lower of Cost or Net Realizable Value Example
Lesson 9.4 - Lower of Cost or Market
Lesson 9.5 - Lower of Cost or Market Example
Lesson 9.6 - Inventory Estimation Techniques
Lesson 9.7 - Steps to using Gross Marin in Estimating Techniques
Lesson 9.8 - Inventory Estimation Technique - Example 1
Lesson 9.9 - Inventory Estimation Technique - Example 2
Lesson 9.10 - The Retail Inventory Method
Lesson 9.11 - The Retail Inventory Method - Example
Lesson 9.12 - Markups and Markdowns
Lesson 9.13 - Markups and Markdowns - Example
Lesson 9.14 - Changes in Inventory Method
Lesson 9.15 - Changes in Inventory Method - Example
Section 10 - Acquisition of Plant, Property, and Equipment
Lesson 10.1 - Introduction to Long-Lived Assets
Lesson 10.2 - Capitalized Cost
Lesson 10.3 - Capitalized Cost - Example
Lesson 10.4 - Asset Retirement Obligations
Lesson 10.5 - Asset Retirement Obligations - Example
Lesson 10.6 - Accretion Expense
Lesson 10.7 - Intangible Assets
Lesson 10.8 - Goodwill - Example
Lesson 10.9 - Lump-Sum Purchases
Lesson 10.10 - Noncash Acquisition
Lesson 10.11 - Deferred Payments
Lesson 10.12 - Issuance of Equity Securities
Lesson 10.13 - Donated Assets
Lesson 10.14 - Exchanges
Lesson 10.15 - Lacks Commercial Substance
Lesson 10.16 - Lacks Commercial Substance - Gain Situation
Lesson 10.17 - Lacks Commercial Substance - Loss Situation
Lesson 10.18 - Research and Development
Section 11 - Utilization and Disposition of Plant, Property and Equipment
Lesson 11.1 - Cost Allocation
Lesson 11.2 - Measuring Cost Allocation
Lesson 11.3 - Calculating Depreciation - Straight-Line
Lesson 11.4 - Calculating Depreciation - Units of Production
Lesson 11.5 - Calculating Depreciation - Declining Balance
Lesson 11.6 - Calculating Depreciation - Sum-of-the-Years’ Digits
Lesson 11.7 - Disposal of Long-Lived Asset
Lesson 11.8 - Depletion of Natural Resources
Lesson 11.9 - Amortization of Intangible Assets
Lesson 11.10 - Change in Estimate
Lesson 11.11 - Error Correction
Lesson 11.12 - Impairment of Tangible Assets
Lesson 11.13 - Impairment of Tangible Assets - Example
Lesson 11.14 - Impairment of Indefinite-Life Intangible Assets
Lesson 11.15 - Subsequent Expenditure to Acquisition
Lesson 12.1 - Basics of Investments
Lesson 12.2 - Basics of Debt Investments
Lesson 12.3 - Step 1 - Recording the Purchase of a Debt Instruments
Lesson 12.4 - Step 2 - Receiving Invest Every 6 Months
Lesson 12.5 - Step 3 - Understanding Holding Period Fair Value Changes
Lesson 12.6 - Debt Investment Classified as Trading Securities
Lesson 12.7 - Debt Investment Classified as Available for Sale
Lesson 12.8 - Step 4 - Debt Investment Classified as Held to Maturity
Lesson 12.9 - Step 4 - Debt Investment Classified as Trading Securities
Lesson 12.10 - Step 4 - Debt Investments Classified as Available for Sale
Lesson 12.11 - Basics of Equity Investments
Lesson 12.12 - Fair Value Through Net Income
Lesson 12.13 - Equity Method
Lesson 12.14 - Further Adjustments
Lesson 12.15 - Further Adjustments - Example
Section 13 - Current Liabilities and Contingencies
Lesson 13.1 - Introduction to Current Liabilities
Lesson 13.2 - Open Accounts and Notes
Lesson 13.3 - Interest on Liabilities
Lesson 13.4 - Noninterest-Bearing Note
Lesson 13.5 - Accrued Liabilities
Lesson 13.6 - Vacation, Sick Days, and Other Paid Future Absences - Payroll Liabilities
Lesson 13.7 - Deferred Liabilities - Specifically, Gift Cards and Advances
Lesson 13.8 - Current Maturities of Long-Term Debt
Lesson 13.9 - Contingencies
Lesson 13.10 - Product Warranties and Guarantees
Lesson 13.11 - Other Contingency Issues
Section 14 - Bonds and Long-Term Notes
Lesson 14.1 - Intro to Bonds
Lesson 14.2 - Determining Selling Price
Lesson 14.3 - Determining Selling Price - Example
Lesson 14.4 - Determining the Price of Bonds - Journal Entry Example
Lesson 14.5 - Determining Interest - Effective Interest Method
Lesson 14.6 - Determining Interest - Cutoff Period - Effective Interest Method
Lesson 14.7 - Determining Interest Expense - Straight-Line Method
Lesson 14.8 - Debt Issuance Cost
Lesson 14.9 - Notes Payable - Long-Term Debt
Lesson 14.10 - Installment Notes
Lesson 14.11 - Ratio Analysis - Balance Sheet Focused
Lesson 14.12 - Early Extinguishment of Debt
Lesson 15.1 - Overview of Leases
Lesson 15.2 - Lease Classification
Lesson 15.3 - Finance Lease - Classification Criteria
Lesson 15.4 - Finance Type Lease - Recording - Beginning of Lease
Lesson 15.5 - Finance Type Lease - Recording - Ongoing Payments
Lesson 15.6 - Finance Type Lease - Recording - Amortization
Lesson 15.7 - Sales-Type Leases with Selling Point
Lesson 15.8 - Operating Lease - Recording - Beginning of Lease
Lesson 15.9 - Operating Lease - Recording - Ongoing Payments
Lesson 15.10 - Short-Term Operating Lease - Shortcut Method
Lesson 15.11 - Lease Term is Uncertain
Lesson 15.12 - Uncertainty of Lease Transactions
Lesson 15.13 - Lease Payments are Uncertain
Lesson 15.14 - Lease Terms Modified
Lesson 15.15 - Lease Terms Modified - Example
Lesson 16.1 - Intro to Accounting for Income Taxes
Lesson 16.2 - Overview of Temporary Differences
Lesson 16.3 - Expense-Related Deferred Tax Liability
Lesson 16.4 - Expense DTL - Part II
Lesson 16.5 -Expense DTL - Part III
Lesson 16.6 - Expense DTL - Part IV
Lesson 16.7 - Revenue-Related Deferred Tax Liability
Lesson 16.8 - Revenue DTL - Part II
Lesson 16.9 - Revenue DTL - Part III
Lesson 16.10 - Revenue DTL - Part IV
Lesson 16.11 - Expense-Related Deferred Tax Asset
Lesson 16.12 - Revenue-Related Deferred Tax Asset
Lesson 16.13 - Revenue DTA - Part II
Lesson 16.14 - Revenue DTA - Part III
Section 17 - Pensions and Other Postretirement Benefits
Lesson 17.1 - Introduction to Pensions
Lesson 17.2 - The Pension Obligation - Key Terms
Lesson 17.3 - Projected Benefit Obligation
Lesson 17.4 - Service Cost
Lesson 17.5 - Interest Cost
Lesson 17.6 - Prior Service Cost
Lesson 17.7 - Gain or Loss on the PBO
Lesson 17.8 - Return on the Plan Assets
Lesson 17.9 - Calculating Pension Expense - Example
Lesson 17.10 - Payment of Retirement Benefits
Lesson 17.11 - Pension Plan Assets
Lesson 17.12 - Additional Practice Problems - Example #1
Lesson 17.13 - Additional Practice Problems - Example #2
Section 18 - Shareholders’ Equity
Lesson 18.1 - Introduction to Shareholders’ Equity
Lesson 18.2 - Accumulated Other Comprehensive Income - OCI
Lesson 18.3 - The Corporate Organization
Lesson 18.4 - The Model Business Corporation Act
Lesson 18.5 - Par Value
Lesson 18.6 - Shares Issued for Noncash Consideration
Lesson 18.7 - Basket Price of Securities
Lesson 18.8 - Share Issue Cost
Lesson 18.9 - Accounting for Retired Shares
Lesson 18.10 - Accounting for Retired Shares - Example
Lesson 18.11 - Accounting for Treasury Stock
Lesson 18.12 - Basics of Retained Earnings
Lesson 18.13 - Liquidating Dividend
Lesson 18.14 - Cash Dividends
Lesson 18.15 - Stock Dividends
Lesson 18.16 - Small Stock Dividend - Example
Lesson 18.17 - Large Stock Dividend - Example
Section 19 - Share-Based Compensation & Earnings Per Share
Lesson 19.1 - Overview of Share-Based Compensation
Lesson 19.2 - Restricted Stock Awards
Lesson 19.3 - Restricted Stock Units
Lesson 19.4 - Stock Option Plans
Lesson 19.5 - Estimating Forfeiture Technique Example
Lesson 19.6 - As Forfeitures Occur Technique Example
Lesson 19.7 - Exercising Options
Lesson 19.8 - Unexercised Options Expired
Lesson 19.9 - Plans with Graded Vesting
Lesson 19.10 - Plans with Conditions
Lesson 19.11 - Employee Share Purchase Plans
Lesson 19.12 - Earnings Per Share - EPS
Lesson 19.13 - Issuance of New Shares
Lesson 19.14 - Stock Dividends and Stock Splits
Lesson 19.15 - Earnings Available to Common Shareholders
Lesson 19.16 - Dilutive Earnings Per Share
Lesson 19.17 - Options, Rights, and Warrants
Lesson 19.18 - Convertible Securities
Section 20 - Accounting Changes and Error Correction
Lesson 20.1 - Categories of Accounting Changes
Lesson 20.2 - Approaches to Adjusting for Changes and Errors
Lesson 20.3 - Change in Accounting Principle
Lesson 20.4 - Change in Accounting Principle - Retrospective Approach
Lesson 20.5 - Prior Period Adjustments
Lesson 20.6 - Change in Accounting Estimate - Prospective Approach
Lesson 20.7 - Change in Reporting Entity
Lesson 20.8 - Change of an Accounting Error
Lesson 20.9 - Correction of an Accounting Error - Example - Part I
Lesson 20.10 - Correction of an Accounting Error - Example - Part II
Section 21 - Advanced Topics in Statement of Cash Flows
Lesson 21.1 - Review of the Statement of Cash Flows
Lesson 21.2 - Elements of the Statement of Cash Flows
Lesson 21.3 - Preparing the Statement of Cash Flows - Operating Activities
Lesson 21.4 - Solving for Direct Method - Part 1 - Example Walk-Through
Lesson 21.5 - Solving for Direct Method - Part 2 - Sales Revenue
Lesson 21.6 - Solving for Direct Method - Part 3 - Investment Revenue
Lesson 21.7 - Solving for Direct Method - Part 4 - Cost of Goods Sold
Lesson 21.8 - Solving for Direct Method - Part 5 - Salaries Expense
Lesson 21.9 - Solving for Direct Method - Part 6 - Depreciation & Bad Debt Expense
Lesson 21.10 - Solving for Direct Method - Part 7 - Insurance Expense
Lesson 21.11 - Solving for Direct Method - Part 8 - Interest Expense
Lesson 21.12 - Solving for Direct Method - Part 9 - Income Taxes
Lesson 21.13 - Solving for Direct Method - Part 10 - Investing Section Overview
Lesson 21.14 - Solving for Direct Method - Part 11 - Long-Term Investment
Lesson 21.15 - Solving for Direct Method - Part 12 - Building & Equipment
Lesson 21.16 - Solving for Direct Method - Part 13 - Trademark
Lesson 21.17 - Solving for Direct Method - Part 14 - Financing Section Overview
Lesson 21.18 - Solving for Direct Method - Part 15 - Lease Liability
Lesson 21.19 - Solving for Direct Method - Part 16 - Bonds Payable
Lesson 21.20 - Solving for Direct Method - Part 17 - Common & Preferred Stock
Lesson 21.21 - Indirect Method
Lesson 22.1 - Overview of Derivatives
Lesson 22.2 - Hedging
Lesson 22.3 - Common Derivatives in Hedging Risk
Lesson 22.4 - Accounting for Derivatives
Lesson 22.5 - Fair Value Hedges
Lesson 22.6 - Fair Value Hedge Example - Part I
Lesson 22.7 - Fair Value Hedge Example - Part II
Lesson 22.8 - Fair Value Hedge Example - Part III
Lesson 22.9 - Fair Value Hedge Example - Part IV
Lesson 22.10 - Fair Value Hedge Example - Part V
Lesson 22.11 - Cash Flow Hedge
Lesson 22.12 - Cash Flow Hedge Example - Part I
Lesson 22.13 - Cash Flow Hedge Example - Part II
Lesson 22.14 - Cash Flow Hedge Example - Part III
Lesson 22.15 - Hedging Effectiveness
Lesson 22.16 - Disclosure of Derivatives and Risk