ACAF - Intermediate Financial Reporting 1
Students build on their introductory financial accounting skills and focus primarily on the asset section of the statement of financial position. Students explore general financial statement presentation (statement of financial position, income statement, cash flow statement), revenue and expense recognition and specific components of the asset side of the statement of financial position (cash, receivables, notes receivable, temporary and long-term investments in debt and equity securities, inventory and capital assets), as well as their related Income statement effects. Through a combination of various learning techniques including interactive lectures, inquiry based learning and in-class problem solving students develop the ability to prepare external financial statement components and disclosure consistent with Canadian generally accepted accounting principles.
Intake W20 SEM
Start Date Jan 14 / 2020
End Date Apr 21 / 2020
Computer Software Requirements:
A computer is required for this course. Students will need reliable access to the internet. A Texas Instruments BAII Plus (Business Analyst) or equivalent calculator is required for this course.