Course Title Intermediate Accounting II
Course Level 300
Credit Unit 3


Intermediate accounting 11 is an in-depth study of accounting for special business. Intermediate accounting is a course that focuses on asset, liability and owners’ equity measurement and timing of recognition issues, together with the associated income determination problems. 


Students taking this course should be taught how to prepare the following accounts among others: 

  • Accounting for cooperative society

  • Accounting for stock brokerage

  • Accounting for pension and provident fund

  • Accounting for property companies

  • Accounting for contract accounts

  • Considerations of relevant IAS/IFRS and IPSAS


  • To apprehend how to prepare accounts for some special businesses;

  • To understand how to measure asset, liability, owners’ equity and timing of recognition issues;

  • To learn how to solve problems associated with income determination problems. 


This course is designed to give students an introduction to financial accounting and reporting concepts, including an overview of the accounting cycle, special accounts, related disclosures, and the ethical responsibility of accountants in business. In order to learn intermediate accounting, students must purchase a workbook, comprehend liabilities, understand cash flow, analyze financial statements, take notes and do practice problems.