Accounting (ACCT) 352
Intermediate Financial Accounting II (Revision 9)
Revision 9 closed, replaced by current version.
View previous syllabus
A new version of the course will be available in the fall of 2010. The new version will be fully compliant with International Financial Reporting Standards (IFRS), the ‘new’ accounting rules adopted by Canada. As of January 1, 2011, all publically accountable enterprises (PAEs) in Canada must prepare financial statements that comply with IFRS. Private enterprises (PEs) in Canada will be permitted to use either IFRS or Generally Accepted Accounting Principles (GAAP) for PEs as detailed in a new section of the revised CICA Handbook.
Students planning on majoring in accounting with the goal of becoming a professional accountant (i.e., CA, CGA, or CMA) might want to defer their registration in the course until the IFRS compliant version (ACCT 352 version 10) will be available in the fall of 2010. If you require revision 10, DO NOT register for the course until Rev. 10 is posted as available. If you require clarification, contact the Student Support Centre at 1-800-468-6531 or email: business-support@athabascau.ca.
Delivery Mode:Individualized study online or grouped study.**
Credits:3
Area of Study:Applied Studies
Prerequisite:ACCT 351.
Centre:Faculty of Business
ACCT 352 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 Faculty of Business Student Support Centre at 1-800-468-6531.
Overview
Accounting 352 is the second course in the two-course intermediate accounting sequence. It provides in-depth coverage of
- accounting issues associated with the equity side of the Balance Sheet (liabilities and shareholders’ equity). This includes both procedural and conceptual issues, as well as consideration of matters related to presentation and disclosure.
- other issues including accounting for income taxes, employee future benefits, accounting for leases, and financial statement analysis.
Many of these topics were covered in introductory financial accounting and are repeated in intermediate financial accounting but in a much more comprehensive fashion. The prerequisite for ACCT 352 is Accounting 351: Intermediate Financial Accounting I.
Together, ACCT 351 and ACCT 352 span all the topics normally covered in university intermediate accounting courses in Canada. ACCT 352 is an option in the Bachelor of Commerce degree program, as well as a required course in the University Certificate in Accounting. ACCT 352 meets the requirements of all three professional accounting bodies in Canada (CA, CGA, CMA) with respect to a second intermediate financial accounting course.
The content of this course complies with IFRS (International Financial Reporting Standards).
Outline
Lesson 1: Liabilities
Lesson 2: Shareholders’ Equity
Lesson 3: Complex Financial Instruments
Lesson 4: Earnings Per Share
Lesson 5: Accounting for Income Taxes
Lesson 6: Pensions and Other Employee Future Benefits
Lesson 7: Accounting for Leases
Lesson 8: Accounting Changes and Error Analysis
Lesson 9: Statement of Cash Flows
Lesson 10: Other Measurement and Disclosure Issues
Evaluation
To receive credit for ACCT 352, 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–” (80 percent) on the online LIFA Labs. The weighting of the composite mark is as follows:
| Online LIFA Labs | Mid-term Exam | Final Exam | Total |
|---|---|---|---|
| 20% | 35% | 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 the Professional Accounting Designation Web site for details.
Course Materials
Textbook
Kieso, D. E., Weygandt, J. J., Warfield, T. D., Young, N. M., & Wiecek, I. M. (2007). Intermediate accounting, volume 2 (8th Can. ed.). Mississauga, ON: John Wiley & Sons Canada, Ltd. ISBN 978-0-470-83980-5
Other Material
A Sharp EL-733A or Sharp EL-738/EL-738C 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.
Software Requirement
Microsoft Office
Athabasca University reserves the right to amend course outlines occasionally and without notice. Courses offered by other delivery methods may vary from their individualized-study counterparts.
Opened in Revision 9, November.
View previous syllabus
Last updated by gloriaz 04/24/2015 12:45:10