Course description

This course covers topics related to assets which were introduced in the introductory courses. Topics are covered in more depth and with greater emphasis placed on theoretical and conceptual background than in the introductory courses. The part I course also covers the classified Statement of Financial Position and reporting of financial performance using the Income Statement, Statement of Comprehensive Income, Statement of Retained Earnings and Statement of Changes in Equity. Generally accepted accounting principles for private entities (PE GAAP or ASPE) as well as International Financial Reporting Standards (IFRS) for publicly accountable entities will be compared.

Course details

Hours: 84
Credits: 6
Prerequisites: ACCT1040 ACCT8175
Corequisites: None

Build courses into a credential

This course is part of the following program(s):


Credit transfer

Have you taken this course or an equivalent course? Contact the Credit Transfer Office.

Registration dates

Not all courses are offered each term.

Fall 2024 registration opens July 22, 2024. Winter 2025 registration opens November 4, 2024.

Delivery options

In person: classes held in person on a campus/site in a classroom/lab/shop/studio for the course duration

Online - Asynchronous: ​100% online delivery, no scheduled day or time course requirements with the instructor, assigned due dates

Online - Synchronous: 100% online delivery, scheduled day and time course requirements with the instructor, assigned due dates

Hybrid: any combination of in person, timetabled, on campus, online, and hyflex delivery