ACCT*3330 - Intermediate Financial Accounting I
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.
Learning Outcomes
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.
Course Topics
- The Canadian Financial Reporting Environment
- Conceptual Framework Underlying Financial Reporting
- The Accounting Information System
- Reporting Financial Performance
- Financial Position and Cash Flows
- Revenue Recognition
- Cash and Receivables
- Inventory
- Investments
- Property, Plant and Equipment: Accounting model basics
- Depreciation, Impairment and Disposition
- Intangible Assets and Goodwill
Additional Requirements
Prerequisite(s): ACCT*1220 or ACCT*2220
Equate(s): BUS*3330
Assessment
| Assessment Item | Weight |
|---|---|
| Quizzes (10 x 1%) | 10% |
| Midterm 1 | 20% |
| Data Analytics Assignment | 5% |
| Midterm 2 | 20% |
| Online Final Exam | 45% |
| Total | 100% |
Note:
Additional Technical Requirements
This course will use the following:
- Respondus tool to invigilate one or more exams.
Please view the Technical Considerations.
Applies Towards the Following Certificates
- Certificate in Accounting : Required Courses
Technical Requirements
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*Course details are subject to change.