Course description

The main purpose of financial accounting is to provide users external to the organization with relevant and reliable information for decision making purposes. This course is designed to provide the accounting student with the skills required for the preparation and interpretation of financial statements. Topics include accounting for corporations, long-term debt, debt and share investments, the statement of cash flows, and financial statement analysis and the framework for financial accounting.

Course details

Hours: 56
Credits: 4
Prerequisites: ACCT1040 OLRN1725
Corequisites: None

Please note: This course is offered through OntarioLearn. To review important information such as textbook, exam and grade information, visit the OntarioLearn Information web page.

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 2022 registration opens July 25, 2022. Winter 2023 registration opens November 28, 2022.

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 with no assigned day or time requirements, independent course completion

Online - Synchronous: 100% online delivery with scheduled day and time course requirements

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