Accounting (ACCT) 352

Intermediate Financial Accounting II (Revision 12)

ACCT 352

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Delivery Mode: Individualized study online (with eTextbook)

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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Accounting 352: Intermediate Financial Accounting II 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 or its equivalent from another post-secondary institution.

If you have gaps in your prerequisite knowledge, it is your responsibility to review the relevant Intermediate Financial Accounting I material. Academic Experts for this course will not review prerequisite material, but may suggest what Intermediate Financial Accounting I topics should be reviewed.


  • Chapter 12: Current Liabilities
  • Chapter 13: Long-Term Financial Liabilities
  • Chapter 14: Complex Financial Instruments
  • Chapter 15: Income Taxes
  • Chapter 16: Pensions and Other Employment Benefits
  • Chapter 17: Leases
  • Chapter 18: Shareholders' Equity
  • Chapter 19: Earnings Per Share
  • Chapter 20: Statement of Cash Flows
  • Chapter 21: Changes and Errors
  • Chapter 22: Disclosures and Analysis


To receive credit for ACCT 352, you must achieve

The following chart summarizes the evaluation activities for this course.

Activity Credit Weight When to Complete
LYRYX Assignments 20% of final grade ongoing in LYRYX
Midterm Examination 35% of final grade after Chapter 16
Final Examination 45% of final grade after Chapter 22
Total 100%  

The midterm and final examinations for this course must be taken online with an AU-approved exam invigilator at an approved invigilation centre. It is your responsibility to ensure your chosen invigilation centre can accommodate online exams. For a list of invigilators who can accommodate online exams, visit the Exam Invigilation Network.

To learn more about assignments and examinations, please refer to Athabasca University's online Calendar.

Note: Students planning to transfer this course to a Chartered Professional Accountant designation are advised that they will be required to achieve a grade higher than the minimum passing grade. See CPA Requirements for details.

Course Materials


Registration in this course includes an electronic textbook.

Arnold, G., & Kyle, S. (2018). Intermediate financial accounting (Vol. 2, revision A edition).

The e-textbook is available through the Download Textbook link in LYRYX.

Other Resources

All other learning resources will be available online.

Students re-registering in this course should be aware that any work previously completed in LYRYX will not carry forward.

The Sharp EL-738/EL-738C and 738FC calculators are recommended. The TI-BAII Plus, HP-10BII+, or Casio FC-200V non-programmable calculators may be used when writing examinations in this course.

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 12, May 4, 2017.

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