Course description

This course focuses on the financial reporting process in accordance with generally accepted accounting principles (GAAP) as codified in the CPA Handbook. The course covers the conceptual framework and current landscape of financial reporting; statements of financial position, comprehensive income, cash flows and shareholders' equity; cash and receivables; revenue; inventory; property plant and equipment; intangible assets; and investments. Along with the integration of the International Financial Reporting Standards (IFRS) and their comparison with Accounting Standards for Private Enterprises (ASPE) or different topics, this course help to understand, prepare and use financial information by linking education with the 'real-world’ accounting environment.

Course details

Hours: 56
Credits: 4
Prerequisites: 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.

Spring 2024 registration opens March 11, 2024. Fall 2024 registration opens July 22, 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