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National College Credit Recommendation Service

Board of Regents  |  University of the State of New York

Coopersmith Career Consulting | Evaluated Learning Experience

Intermediate Accounting (ACC-303)


Varies (self-study; self-paced).

Various; distance learning format.

March 2021 - Present. 

Instructional delivery format: 
Online/distance learning
Learner Outcomes: 

Upon completion of this course, students will be able to: apply analytical techniques, supported by generally accepted accounting principles to solve financial reporting issues and recognize ethical issues related to liability and owner equity accounts, including but not limited to, long term bonds and notes payable, common and preferred stock, leases and pensions; analyze, classify and record investments in debt and equity securities, along with related realized and unrealized gains and losses, interest and dividend payments; explain computation of both basic and diluted earnings per share; analyze and record revenue agreements that deviate from recognition at time-of-sale; outline the computation, classification, and reporting of deferred tax amounts arising from differences between financial and tax reporting requirement and explain a more detailed Statement of Cash Flows than those introduced in the introductory financial accounting course.


Intermediate Accounting I is the first course in a two-course sequence that covers financial reporting for external parties. The purpose of financial reporting is to provide meaningful information to individuals and institutions that have an interest in business, whether they be investors, creditors, or managers. It is a company's accounting system that creates and provides this vital information to investors and creditors. Business managers likewise need information produced through financial accounting in making day-to-day operational decisions that improve a company's performance and profitability.

Credit recommendation: 

In the upper division baccalaureate degree category, 4 semester hours in Accounting, Intermediate Accounting I, or Business Administration (6/22).