Accounting (ACCT) 352
Intermediate Financial Accounting II (Revision 7)

Revision 7 closed June 13, 2005 replaced by current version.
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Delivery modes: Individualized study (May be offered online or online-enhanced. Confirm status before registering.)

Grouped study**
Credits: 3 - Applied Studies
Prerequisite: ACCT 351
Centre: School of Business
Challenge for Credit: ACCT 352 has a Challenge for Credit option

**Note: Students registering in grouped study, or grouped study international mode are advised that there may be some differences in the evaluation and course materials information indicated below. To obtain the most up-to-date information, contact the School of Business Call Centre at 1-800-468-6531.

>> Overview | Outline | Evaluation | Course Materials | Course Fees | Course Availability


Overview

ACCT 352 expands upon the conceptual foundation built in ACCT 351, examining in more depth subjects such as the environment of and conceptual framework for financial
accounting; accounting information-processing systems; application of present value concepts in accounting; preparation of four basic financial statements; accounting issues associated with specific accounts in the Balance Sheet; and other issues including accounting for income taxes, employee future benefits, accounting for leases, and financial statement analysis. Together, ACCT 351 and ACCT 352 span all the topics normally covered in university intermediate accounting courses in Canada. ACCT 352 meets the requirements of all three professional accounting bodies in Canada (CA, CGA, CMA) with respect to a second intermediate financial accounting course.

Outline

  • Lesson 1 Liabilities
  • Lesson 2 Shareholders' Equity
  • Lesson 3 Complex Debt and Equity Instruments
  • Lesson 4 Accounting for Corporate Income Taxes
  • Lesson 5 Accounting for Tax Losses
  • Lesson 6 Accounting for Leases by Lessees
  • Lesson 7 Accounting for Leases by Lessors
  • Lesson 8 Pensions and Other Post-Retirement Benefits
  • Lesson 9 Earnings Per Share
  • Lesson 10 Accounting Changes
  • Lesson 11 Financial Statement Analysis

Evaluation

To receive credit for ACCT 352, you must achieve a course composite mark of at least a "D" (50 percent) and a mark of at least 50 percent on each of the two examinations. If either examination grade is below 50 percent, you will not receive credit for this course, even if your overall grade exceeds 50 percent. The weighting of the composite mark is as follows:

Assignment 1 Assignment 2 Mid-term Exam Assignment 3 Assignment 4 Final Exam Total
10% 10% 25% 10% 10% 35% 100%

Note: Students planning to transfer this course to a Professional Accounting designation (i.e., CMA, CGA, CA) are advised that they will be required to achieve a grade higher than the minimum passing grade. See http://business.athabascau.ca/profAcct/ for details.

Course Materials

Textbook

Beechy, T. H. & Conrod, J. E. D. (2003). Intermediate Accounting Volume 2 (2nd ed.). Toronto: McGraw-Hill Ryerson Limited. ISBN 0-07-089020-X

Other material

Course materials include a course manual, study guide, and solutions manual.

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.

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Opened in Revision 7, Nov. 20/03. To previous version
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