Accounting (ACCT) 352

Intermediate Financial Accounting II (Revision 10)

Revision 10 is closed for registrations, replaced by current version

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Delivery Mode: Individualized study online or grouped study.**

Credits: 3

Area of Study: Applied Studies
(Business and Administrative Studies)

Prerequisite: ACCT 351 (or an equivalent intermediate financial accounting course)

Faculty: Faculty of Business

ACCT 352 is not available for challenge.

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**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 financial 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 financial 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 Midterm and Final examinations. The weighting of the composite mark is as follows:

Online Assignments	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 Website for details.

Course Materials

Textbook

Kieso, D. E., Weygandt, J. J., Warfield, T. D., Young, N. M., & Wiecek, I. M. (2010). Intermediate accounting, volume 2 (9th Can. ed.). Mississauga, ON: John Wiley and Sons Canada Ltd. ISBN 978-1-118-01264-2

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 midterm and final examinations. You will access all other course materials online.

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 10, October 5, 2010.