ACCT 3200 Intermediate Financial Accounting 1 (3,0,0)

Credits: 3 credits
Delivery: Campus

Students learn to prepare the income statement, statement of retained earnings, and asset side of the statement of financial position. Topics include the Canadian reporting environment; the conceptual framework; the income statement including irregular items and comprehensive income; overview of the statement of financial position and statement of cash flows; revenue recognition; cash and receivables; inventory; long-term and short-term investments; property plant and equipment including depreciation, impairment, and disposition; and intangible assets including impairment and goodwill. Instruction is based on International Financial Reporting Standards. Prerequisites: ACCT 1000 minimum B- or ACCT 1211 minimum B- and ACCT 1221 minimum B- or ACCT 2210 or equivalent with a minimum B- CMNS 1290 or equivalent minimum C- Exclusion Requisites: ACCT 3201, BBUS 3200, BBUS 3201
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