In this course, students continue to learn about measurement, valuation and presentation of liabilities and shareholders’ equity. We will cover current and long term liabilities, shareholders’ equity, complex debt and equity instruments, leases, income taxes, pensions and accounting changes. We will continue our study of International Financial Reporting Standards (IFRS) and introduce financial statement analysis concepts and methods. Upon completion of this course, students will be able to properly measure and value balance sheet elements using appropriate GAAP. Many of the topics covered will also benefit students involved in the entrepreneurship practicum. This course may be used as a transfer credit into other educational institution programs or towards a program of professional studies (eg. CGA, CMA or CA) provided a satisfactory level of achievement is obtained.
Prerequisites
ACCT-3000
