Building on ACCT 1211: Accounting 1, students develop the ability to prepare and analyze
increasingly complex financial statements. Topics include partnership accounting, corporate
accounting; long-term liabilities; investments and international operations; the cash flow
statement; and financial statement analysis.
- Account for partnerships.
- Account for corporations.
- Account for long-term liabilities.
- Account for investments and international foreign currency transactions.
- Prepare cash flow statements.
- Analyze financial statements.
- Understand the impact of International Finance Reporting Standards (IFRS).
- Module 1: Review & IFRS
- 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 and International Operations
- Module 7: The Cash Flow Statement
- Module 8: Financial Statement Analysis
Required text and materials
Students will receive the following:
- Miller-Nobles, T. L., Mattison, B., Matsumura, E. M., Meissner, C. A., Johnston, J. L., &
Norwood, P. R. (2020). Horngren's Accounting: Volume 2 plus MyAccountingLab (11th Cdn.
ed.). Toronto, ON: Pearson.
Type: Textbook: ISBN 978-0-13-663167-5.
Note: This textbook comes with access to a companion website: MyAccountingLab that is not
required but recommended for activities and additional practice.
Students who did not take TRU-OL ACCT 1211 will be required to review key concepts covered in
the first part of the introductory accounting course from any introductory accounting
Hand calculator: a calculator may be helpful for basic calculations. However, if you intend to
continue with more advanced accounting courses in the future, you might consider buying a
financial calculator, such as the Texas Instruments. "Business Analyst" calculator, now.
Please be aware that due to COVID-19 safety guidelines all in-person exams have been suspended. As such, all final exams are currently being delivered through ProctorU, which has an approximate fee of $35 involved. There will be more information in your course shell, on how to apply, if your course has a final exam.
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: Partnerships
|Assignment 2: Corporations
|Assignment 3: Liabilities and Investments
|Assignment 4: The Cash Flow Statement
|Assignment 5: Financial Statement Analysis
|Final Exam (mandatory)
Open Learning Faculty Member
An Open Learning Faculty Member is available to assist students. Primary communication is
through the Learning Environment’s “Mail” tool or by phone. Students will receive the necessary
contact information at the start of the course.