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Course Description

This course presents a critical evaluation of accounting concepts, principles and practices in relation to both the traditional and current value accounting measurement models. Emphasis will be on the effect of alternative accounting practices and measurement models on income determination and asset valuation.

What You'll Learn

Upon successful completion of this course, you will be able to:

  • Apply generally accepted accounting principles and practices to situations with moderate complexity as they relate to the following topics:
    • Discontinued operations
    • Revenue recognition
    • Cash and receivables
    • Inventory
    • Investments
    • Property Plant and Equipment
    • Intangible Assets and Goodwill
  • Prepare the financial statement information related to the above noted topics.
  • Apply the conceptual framework to a variety of business transactions.
  • Analyze moderately complex accounting issues, research alternative treatments in support of a recommended solution.
  • Demonstrate the ability to communicate effectively in written format in response to less structured problems.
  • Contribute effectively in groups by fulfilling agreed commitments and maintaining a positive environment.
  • Demonstrate an awareness of ethical and professional reporting responsibilities as they relate to financial reporting.

Additional Requirements

Prerequisite(s): ACCT*1220 or ACCT*2220
Equate(s): BUS*3330

Applies Towards the Following Certificates

Technical Requirements

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*Course details are subject to change.

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Enrol Now - Select a section to enrol in
Section Title
Intermediate Financial Accounting I
Type
Online
Dates
May 08, 2025 to August 01, 2025
Contact Hours
36.0
Delivery Options
Online  
Course Fee(s)
Domestic Tuition Fee (0.5 units) $683.39 Click here to get more information
Domestic Tuition Fee - Non-Ontario (0.5 units) $780.10 Click here to get more information
International Tuition Fee (0.5 units) $3,544.80 Click here to get more information
Section Fees
Virginia L. Gray Memorial Bursary Donation $5.00 Optional
Open Learning Bursary $5.00 Optional
Available for Credit
0.5 units
Reading List / Textbook
You may purchase your course textbook, or other required/supplementary reading and learning materials, from the University of Guelph Bookstore or the Guelph Campus Co-op Bookstore, or from another third-party seller.
Section Notes
Note:  If you are in a degree program at the University of Guelph, please DO NOT register using the link above.  You must register through WebAdvisor.
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