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Delivery mode: Individualized study online or
grouped study.**
Credits: 3 - Applied Studies.
Prerequisite: ACCT 253 (or an equivalent introductory financial accounting course). Students are strongly advised not to register in ACCT 253 and ACCT 351 simultaneously. Course coordinator approval is required to register in ACCT 253 and ACCT 351 concurrently.
Centre: School of Business
ACCT 351 is not available for challenge.
**Note: Students registering in grouped study, or grouped study international mode are advised that there may be some differences in the evaluation and course materials information indicated below. To obtain the most up-to-date information, contact the School of Business Call Centre at 1-800-468-6531.
Accounting 351 is the first course in the two-course intermediate accounting sequence. It provides in-depth coverage of
Many of these topics were covered in introductory financial accounting and are repeated here in a much more comprehensive fashion. The prerequisite for ACCT 351 is Accounting 253: Introductory Financial Accounting .
ACCT 351 is an option in the Bachelor of Commerce degree program, as well as a required course in the University Certificate in Accounting. It meets the requirements of all three professional accounting bodies in Canada (CA, CGA, CMA) with respect to a first intermediate financial accounting course.
Lesson 1: The Environment of and Conceptual Framework for Financial Reporting
Lesson 2: The Income Statement and the Retained Earnings Statement
Lesson 3: The Balance Sheet
Lesson 4: The Cash Flow Statement
Lesson 5: Revenue and Expense Recognition
Lesson 6: Current Monetary Balances
Lesson 7: Inventories and Cost of Sales
Lesson 8: Capital Assets, Goodwill, and Deferred Charges
Lesson 9: Amortization and Impairment
Lesson 10: Investments in Debt and Equity Securities
To receive credit for ACCT 351, you must achieve a course composite mark of at least a “D” (50 percent), a grade of at least “D” (50 percent) on each of the examinations, and an average mark of at least “A” (90 percent) on the online LIFA Labs. The weighting of the composite mark is as follows:
Online LIFA Labs | Assign 1 | Mid-term Exam | Assign 2 | Assign 3 | Final Exam | Total |
---|---|---|---|---|---|---|
10% | 5% | 30% | 5% | 5% | 45% | 100% |
To learn more about assignments and examinations, please refer to Athabasca University's online Calendar.
Note: Students planning to transfer this course to a Professional Accounting designation (i.e., CMA, CGA, CA) are advised that they will be required to achieve a grade higher than the minimum passing grade. See http://business.athabascau.ca/profAcct/ for details.
Beechy, T. H., & Conrod, J. E. D. (2005), Intermediate accounting, volume 1 (3rd Can. ed.). Toronto: McGraw-Hill Ryerson. ISBN 007093031-7
A Sharp EL-733A or Sharp EL-738 calculator is included in your package. This is the only calculator permitted for use while writing the mid-term and final examinations. You will access all other course materials online.
The course materials for this course are shipped as a shrink-wrapped package. If the shrink wrap is broken, the materials are not returnable.
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