Intermediate Accounting I is the first course of the two Intermediate Accounting courses which extends the study of those students who have finished the introductory course Principles of Accounting I. This course aims to equip students with knowledge and skills of how to apply related accounting standards and treatments to prepare, analyse and interpret the financial statements and information according to the International Financial Reporting Standards (IFRS). This course also serves as the prerequisite course for Advanced Financial Accounting courses.