Intermediate Accounting II

Curriculum Guideline

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Course
ACCT 3410
Discontinued
No
Course Code
ACCT 3410
Descriptive
Intermediate Accounting II
Department
Accounting
Faculty
Commerce & Business Administration
Credits
3.00
Start Date
End Term
202220
PLAR
No
Semester Length
15 Weeks
Max Class Size
35
Course Designation
None
Industry Designation
None
Contact Hours

In person: Lecture and/or Seminar: 1 X 3 hours per week OR 2 X 2hrs per week

or

Hybrid: minimum 50% in person and up to 50% online

or

Online: Synchronous and/or Asynchronous Lecture and/or seminar

 

Method(s) Of Instruction
Lecture
Seminar
Online
Hybrid
Learning Activities

Lectures and demonstration.

Course Description
This course builds on the foundation of accounting techniques and theory covered in Accounting 1110 and 1210, or Accounting 1235. The focus will be an in-depth study of liabilities and shareholders’ equity as governed by Part I & Part II of the CPA Canada Handbook. Topics will include: accounting for current and non-current liabilities and complex financial instruments; computation of earnings per share; accounting for pension costs, income taxes and leases; and accounting for errors and changes in accounting policy. The conceptual framework for financial reporting will also be studied. The course includes a major group project, which requires the analysis of the annual report of a Canadian company listed on the Toronto Stock Exchange.
Course Content

 

  • Current Liabilities and Contingencies
  • Non-current Financial Liabilities
  • Shareholders’ Equity
  • Complex Financial Instruments
  • Earnings per Share
  • Accounting for Income Taxes
  • Pensions and Other Employee Future Benefits
  • Accounting for Leases
  • Accounting Changes and Error Analysis
  • Other Measurement and Disclosure Issues
  • Preparation of a report that analyzes specific aspects of the annual report of a Canadian company that is listed on the Toronto Stock Exchange. To maintain academic integrity, a company once used cannot be reused for at least six semesters (two years).
Learning Outcomes

By the end of the course, the successful student should be able to:

  1. Describe the conceptual framework and its impact on accounting principles and practices;
  2. Analyze and record complex situations in accounting for current and non-current liabilities;
  3. Analyze and record complex issues related to accounting for equity;
  4. Account for errors and changes in accounting policy; and
  5. Integrate accounting theory, financial statement analysis, financial statement format and disclosure requirements in accordance with Part I & Part II of the CPA Canada Handbook.

 

Means of Assessment

The course evaluation is consistent with the Douglas College Evaluation Policy.

Annual Report Project  10%
Assignments and/or quizzes  20%
Midterm Examination  35%
Final Examination  35%
  100%

Midterm and final exam questions will be of the rigor found in professional accounting bodies’ examinations.

STUDENTS MUST WRITE BOTH THE MIDTERM EXAMINATION AND THE FINAL EXAMINATION TO OBTAIN CREDIT FOR THE COURSE.

To pass this course, students must obtain a minimum of 50% on invigilated assessments, with the 50% calculated on a weighted average basis.
 
Invigilated assessments include, in-class quizzes, in-class tests, midterm exam and the final exam.
 
Students may conduct research as part of their coursework in this class. Instructors for the course are responsible for ensuring that student research projects comply with College policies on ethical conduct for research involving humans, which can require obtaining Informed Consent from participants and getting the approval of the Douglas College Research Ethics Board prior to conducting the research.
Textbook Materials

 

Lo Fisher. Intermediate Accounting Volume II, Latest Edition. Pearson Canada.; or, Kieso et al. Intermediate 
AccountingVolume II, Latest Edition. John Wiley and Sons.; or, other textbooks as approved by the 
department.
Instructor compiled materials (if applicable).
Only Faculty of Commerce and Business approved calculators may be used for tests and examinations

Lo Fisher. Intermediate Accounting Volume II, Latest Edition. Pearson Canada; or, other textbooks as approved by the department

Instructor compiled materials (if applicable)

Only Faculty of Commerce and Business Administration approved calculators may be used for tests and examinations

 

Prerequisites

 

 

(ACCT 1210 OR ACCT 1235 with a minimum grade of C OR currently active in the PDD Accounting program)

AND

(ENGL 1130 OR CMNS 1115 with a minimum grade of C OR currently activie in any PDD/PBD program)

 

Which Prerequisite

ACCT 4510, ACCT 4750