Lectures and demonstration.
which requires the analysis of the annual report of a Canadian company listed on the Toronto Stock Exchange.
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.
- Current Liabilities and Contingencies
- Non-current Financial Liabilities
- Shareholders’ Equity
- Complex Financial Instruments
- Earnings per Share
- Accounting for Income Taxes
- Pensions and Other Employee Future Benefits
- Accounting for Leases
- Accounting Changes and Error Analysis
- Other Measurement and Disclosure Issues
- 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).
By the end of the course, the successful student should be able to:
- Describe the conceptual framework and its impact on accounting principles and practices;
- Analyze and record complex situations in accounting for current and non-current liabilities;
- Analyze and record complex issues related to the accounting for equity;
- Account for errors and changes in accounting policy; and
- Integrate accounting theory, financial statement analysis, financial statement format and disclosure requirements in accordance with Part I of the CICA Handbook – Accounting (IFRS)
|Annual Report Project||10%|
|Assignments and/or quizzes||10%|
|Research project(s) and/or quizzes and/or midterm||20%*|
|Midterm(s) and Final Examinations||60%*|
*The maximum weighting that can be accorded a specific exam is 35%.
Midterm and final exam questions will be of the rigor found in professional accounting bodies’ examinations
STUDENTS MUST WRITE BOTH THE MIDTERM EXAMINATION(S) AND THE FINAL EXAMINATION TO OBTAIN CREDIT FOR THE COURSE.
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