This course builds upon the financial accounting framework developed in ACCT101 and ACCT301. The course provides an in-depth review and examination of liabilities and shareholders' equity on the balance sheet, as well as, examining areas of a more specialized nature, including earnings per share, accounting for corporate income taxes, leases, pensions, changes in accounting policies, correction of accounting errors, and the Statement of Cash Flow. Students acquire an awareness of the underlying rationale of existing accounting alternatives as well as an appreciation of the characteristics and limitations of accounting.

Prerequisites: Accounting 301 and 2nd year standing required
Further information: Course availability and times