Intermediate Accounting II
Curriculum guideline
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
Lectures and demonstration.
- 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).
By the end of the course, the successful student should be able to:
- Describe the conceptual framework and its impact on accounting principles and practices;
- Analyze and record complex situations in accounting for current and non-current liabilities;
- Analyze and record complex issues related to accounting for equity;
- Account for errors and changes in accounting policy; and
- Integrate accounting theory, financial statement analysis, financial statement format and disclosure requirements in accordance with Part I & Part II of the CPA Canada Handbook.
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.
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