Intermediate Accounting Certificate

This baccalaureate certificate in Intermediate Accounting provides an in-depth examination of the theoretical foundations of accounting, designed to offer comprehensive insights into complex accounting principles and practices. The certificate includes detailed studies in cash flow, revenue recognition, and advanced financial reporting, progressing to cover the valuation of assets, diverse business financing options, and a thorough exploration of lease accounting. It also examines business capital structures, interim reporting, and the advanced analysis of both US GAAP and IFRS. This holistic approach ensures that students develop the necessary understanding of key accounting concepts and methodologies.

Eligibility Requirements:

A GPA of C+ in each individual required ACCT course: ACCT 101  or ACCT 201 ; ACCT 102  or ACCT 202 ; and ACCT 234  and ACCT 203 .

Learning Outcomes

• Understand and apply accounting methods for the acquisition, use, retirement, and disposal of operating assets, including calculation of depletion, depreciation, amortization, and managing capital leases and investments.
• Demonstrate proficiency in classifying, calculating, and managing debt and equity securities, including both basic and diluted earnings per share, and employing appropriate accounting methods for their lifecycle.
• Develop skills to prepare in-depth financial statement analysis, identify and correct accounting errors, and apply international and domestic accounting standards, with an ability to recognize creative and fraudulent accounting practices.
• Analyze various types of derivatives and hedging activities, understanding their impact on financial statements and decision-making processes.
• Apply the FASB Conceptual Framework in financial reporting and decision-making, with a strong emphasis on ethical decision-making in accounting practices.
• Acquire specialized knowledge in taxation of assets, pensions, and other postretirement benefits, and utilize mathematical methods for calculating and recording the time value of money, as well as applying inventory measurements and cost flow assumptions.