Accounting (ACCT) 352

Intermediate Financial Accounting II (Revision 11)

ACCT 352

Revision 11 is closed for registrations, replaced by current version

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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 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 a three-credit option or elective in Athabasca University's Bachelor of Commerce degree program, as well as a required course in the University Certificate in Accounting. It meets the requirements of the newly unified Chartered Professional Accountants of Canada (CPA) with respect to a second intermediate financial accounting course.

The content of this course complies with IFRS (International Financial Reporting Standards).


  • 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


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 Midterm 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 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. For more information on electronic textbooks, please refer to our eText Initiative site.

Kieso, D. E., Weygandt, J. J., Warfield, T. D., Young, N. M., Wiecek, I. M., & McConomy, B.J. (2013). Intermediate accounting, volume 2 (10th Can. ed.). Mississauga, ON: John Wiley and Sons Canada Ltd. ISBN 978-1-118-30085-5

A print version of the eText may be available for purchase from the publisher through a direct-to-student link provided on the course website; you can also acquire the textbook on your own if you wish.

Other Resources

All other learning resources will be available online.

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 11, February 4, 2014.

View previous syllabus