In this course, students build on the foundations established in introductory accounting. Students undertake an in-depth analysis of the asset side of the balance sheet. Key elements include understanding the appropriate treatment of cash, temporary investments, receivables, inventories, long-term investments and capital assets. The accounting concepts underlying accounting, with particular emphasis on the revenue recognition principle, as well as an introduction to some of the accounting issues relating to the form and content of the different financial statements are also discussed.
BBUS 2211 or ACCT 1211/1221, and MATH 1091 are recommended.
By the time you have finished your work in this course, you should be able to:
Kieso, D. E., Weygandt, J. J., Warfield, T. D., Young, N. M., & Wiecek, I. M. Intermediate Accounting (Volume 1). 9th Canadian Edition. John Wiley and Sons Canada Ltd, 2010.
Type: Textbook. ISBN: 9780470680896
A computer with Internet access is required.
An Open Learning Faculty Member is available to assist students. Primary communication is through Blackboard's "Mail" tool or by phone. You will receive the necessary contact information when you start your course.
In order to successfully complete this course, you must obtain at least 50% on the mandatory final examination and 50% overall. It is strongly recommended that students complete all assignments in order to achieve the learning objectives of the course.
Your final grade for the course is determined on the following basis: