BUSI 3130U – Intermediate Financial Accounting II

The second of a three course sequence that covers many of the nuts-and-bolts topics needed for a thorough understanding of financial accounting and reporting. Topics covered include revenue and expense recognition, cash and receivables, inventory, capital assets, shareholders’ equity and restatements, and strategic investments and goodwill. All topics are covered from the perspectives of IFRS and ASPE and from the perspectives of users and preparers of financial information. Ethical and professional responsibilities are integrated into course topics. The course also develops critical thinking and problem solving skills through the use of case analyses. Intermediate Accounting II is required for the university’s Accounting major and minor and is open only to students in the Accounting major and minor.
Credit hours: 3
Lecture hours: 3
Tutorial hours: 1.5
Prerequisite(s): BUSI 1130U (minimum grade of C+) and BUSI 2180U (minimum grade of C+) and BUSI 2130U (minimum grade of C+)