Building on ACCT 1211: Accounting 1, students develop the ability to prepare and analyze
increasingly complex financial statements. Topics include current and long-term liabilities,
payroll accounting, partnerships; corporate accounting; linvestments, statement of cash flowt;
and financial statement analysis.
- Account for current liabilities including payables, notes, contingencies, and sales taxes.
- Account for long-term notes and bonds issued at par, a discount, or a premium using the
effective interest method.
- Apply the basic principles of lease accounting.
- Demonstrate how to account for a simple payroll.
- Account for partnerships including profit sharing, the admission and withdrawal of partners,
and partnership liquidation.
- Journalize shareholders’ equity transactions for share issuances, repurchases, and cash and
- Account for fair value through profit or loss and fair value through comprehensive income
debt and equity investments.
- Prepare cash flow statements using the direct and indirect methods.
- Analyze financial statements utilizing horizontal, vertical, and ratio analysis.
- Module 1: Current Liabilities and Payroll
- Module 2: Partnerships
- Module 3: Corporations: Share Capital and the Balance Sheet
- Module 4: Corporations: Retained Earnings and the Income Statement
- Module 5: Long-Term Liabilities
- Module 6: Investments
- Module 7: The Cash Flow Statement
- Module 8: Financial Statement Analysis
Required text and materials
Students require the following e-textbook, which can be purchased directly from the TRU
bookstore site at: https://thebookstore.tru.ca/site_digital.asp
- Miller-Nobles, T. L., Mattison, B., Mowbray, G., Meissner, C. A., Johnston, J. L. (2023).
Horngren's Accounting: Volume 2 (12th Cdn. ed.). with MyLab Accounting. Pearson Canada.
Type: E-Textbook: ISBN: 9780136852537
Students who did not take ACCT 1211 will be required to review key concepts covered in the
first part of the introductory accounting course from any introductory accounting textbook.
Hand calculator: a calculator may be helpful for basic calculations. However, if students
intend to continue with more advanced accounting courses in the future, students might consider
buying a financial cal¬culator, such as the Texas Instruments "Business Analyst" calculator,
Please be aware that should your course have a final exam, you are responsible for the fee to the online proctoring service, ProctorU, or to the in-person approved Testing Centre. Please contact firstname.lastname@example.org with any questions about this.
To successfully complete this course, students must achieve a passing grade of 50% or higher on
the overall course, and 50% or higher on the final mandatory exam.
|Assignment 1: Current Liabilities and Payroll
|Assignment 2: Partnerships
|Assignment 3: Corporations
|Assignment 4: Long-Term Liabilities and Investments
|Assignment 5: The Cash Flow Statement and Financial Statement Analysis
|Final Exam (mandatory)
Open Learning Faculty Member Information
An Open Learning Faculty Member is available to assist students. Students will receive the necessary contact information at the start of the course.