Intermediate Accounting II

Faculty
Child, Family & Community Studies
Department
Disability & Community Studies
Course Code
DACS 2320
Credits
3.00
Semester Length
15 Weeks
Max Class Size
35
Method Of Instruction
Lecture
Seminar
Typically Offered
Fall
Summer
Winter
Campus
New Westminster
Online

Overview

Course Description
This course builds on the foundation of accounting techniques and theory covered in Accounting 1110 and 1210, or Accounting 1235. The focus will be an in-depth study of liabilities and shareholders’ equity as governed by Part I of the CICA Handbook - Accounting (IFRS). Topics will include: accounting for current and non-current liabilities and complex financial instruments; computation of earnings per share; accounting for pension costs, income taxes and leases; and accounting for errors and changes in accounting policy. The conceptual framework for financial reporting will also be studied. The course includes a major group project, which requires the analysis of the annual report of a Canadian company listed on the Toronto Stock Exchange.
Course Content

Part 1 of the CICA Handbook - Accounting (IFRS) will be used to illustrate the evolving nature of accounting standards versus the static nature of the textbook. 

  1. Current Liabilities and Contingencies
  2. Non-current Financial Liabilities
  3. Shareholders’ Equity
  4. Complex Financial Instruments
  5. Earnings per Share
  6. Accounting for Income Taxes
  7. Pensions and Other Employee Future Benefits
  8. Accounting for Leases
  9. Accounting Changes and Error Analysis
  10. Other Measurement and Disclosure Issues
  11. Preparation of a report that analyzes specific aspects of the annual report of a Canadian company that is listed on the Toronto Stock Exchange. To maintain academic integrity, a company once used cannot be reused for at least six semesters (two years).
Methods Of Instruction

Lectures and demonstration.

Means of Assessment
Annual Report Project  10%
Assignments and/or quizzes  20%
Midterm Examination  35%
Final Examination  35%
  100%

Midterm and final exam questions will be of the rigor found in professional accounting bodies’ examinations

STUDENTS MUST WRITE BOTH THE MIDTERM EXAMINATION AND THE FINAL EXAMINATION TO OBTAIN CREDIT FOR THE COURSE.

To pass this course, students must obtain a minimum of 50% on invigilated assessments, with the 50% calculated on a weighted average basis.
Invigilated assessments include, in-class quizzes, in-class tests, midterm exam and the final exam.
Learning Outcomes

By the end of the course, the successful student should be able to:

  1. Describe the conceptual framework and its impact on accounting principles and practices;
  2. Analyze and record complex situations in accounting for current and non-current liabilities;
  3. Analyze and record complex issues related to accounting for equity;
  4. Account for errors and changes in accounting policy; and
  5. Integrate accounting theory, financial statement analysis, financial statement format and disclosure requirements in accordance with Part I of the CICA Handbook – Accounting (IFRS)

 

Textbook Materials

 

 

Lo Fisher. Intermediate Accounting Volume II, Latest Edition. Pearson Canada.; or, Kieso et al. Intermediate 
AccountingVolume II, Latest Edition. John Wiley and Sons.; or, other textbooks as approved by the 
department.
Instructor compiled materials (if applicable).
Only Faculty of Commerce and Business approved calculators may be used for tests and examinations

 

Lo Fisher. Intermediate Accounting Volume II, Latest Edition. Pearson Canada.; or, other textbooks as approved by the department.

Instructor compiled materials (if applicable).

Only Faculty of Commerce and Business approved calculators may be used for tests and examinations

Requisites

Prerequisites

 

 

(ACCT 1210 OR ACCT 1235 with a minimum grade of C OR currently active in the PDD Accounting program)

AND

(ENGL 1130 OR CMNS 1115 with a minimum grade of C OR currently activie in any PDD/PBD program)

 

Corequisites

No corequisite courses.

Equivalencies

No equivalent courses.

Requisite for

Course Guidelines

Course Transfers

Institution Transfer Details Effective Dates
Acsenda School of Management (ASM) ASM ACCT 332 (3) 2013/09/01 to -
Athabasca University (AU) AU ACCT 352 (3) 2013/09/01 to -
Capilano University (CAPU) CAPU BFIN 347 (3) 2013/09/01 to -
College of the Rockies (COTR) COTR ACCT 374 (3) 2013/09/01 to -
Kwantlen Polytechnic University (KPU) KPU ACCT 3410 (3) 2013/09/01 to -
North Island College (NIC) NIC BUS 312 (3) 2017/09/01 to -
Simon Fraser University (SFU) No credit 2013/09/01 to -
Thompson Rivers University (TRU) TRU BBUS 3211 (3) 2013/09/01 to 2015/08/31
Thompson Rivers University (TRU) TRU ACCT 3211 (3) 2015/09/01 to -
University Canada West (UCW) UCW ACCT 3XX (3) 2013/09/01 to -
University of British Columbia - Vancouver (UBCV) No credit 2013/09/01 to -
University of Northern BC (UNBC) UNBC COMM 310 (3) 2013/09/01 to -
University of the Fraser Valley (UFV) UFV BUS 344 (3) 2014/01/01 to -
University of Victoria (UVIC) UVIC COM 3XX (1.5) 2013/09/01 to -
Vancouver Island University (VIU) VIU ACCT 336 (3) 2013/09/01 to -

Course Offerings

Fall 2020

CRN
Days
Dates
Start Date
End Date
Instructor
Status
Location
34618
Fri
Fellnermayr
Barbara
Open
Online
This course will include synchronous on-line activities. Students should plan to be available on-line at scheduled course times.
Max
Enrolled
Remaining
Waitlist
35
0
0
100
Days
Building
Room
Time
Fri
8:30
-
11:20
CRN
Days
Dates
Start Date
End Date
Instructor
Status
Location
34620
Tue
Fisher
George
Waitlist
Online
This course will include synchronous on-line activities. Students should plan to be available on-line at scheduled course times.
Max
Enrolled
Remaining
Waitlist
35
34
0
94
Days
Building
Room
Time
Tue
18:30
-
21:20
CRN
Days
Dates
Start Date
End Date
Instructor
Status
Location
35298
Thu
Fisher
George
Open
Online
This course will include synchronous on-line activities. Students should plan to be available on-line at scheduled course times.
Max
Enrolled
Remaining
Waitlist
35
34
0
100
Days
Building
Room
Time
Thu
15:30
-
18:20
CRN
Days
Dates
Start Date
End Date
Instructor
Status
Location
36373
Tue
Fisher
George
Open
Online
This course will include synchronous on-line activities. Students should plan to be available on-line at scheduled course times.
Max
Enrolled
Remaining
Waitlist
35
24
0
100
Days
Building
Room
Time
Tue
12:30
-
15:20
CRN
Days
Dates
Start Date
End Date
Instructor
Status
Location
36627
Wed
Fisher
George
Full
Online
This course will include synchronous on-line activities. Students should plan to be available on-line at scheduled course times.
Max
Enrolled
Remaining
Waitlist
35
35
0
100
Days
Building
Room
Time
Wed
12:30
-
15:20