BUS 454 Intermediate Accounting II

School of Business

BUS 454 Intermediate Accounting II builds on the financial accounting skills that you acquired in Financial Accounting I and II and Intermediate Accounting I.

 

Intermediate Accounting II is an intermediate-level course that focuses on the liabilities and equities side of the statement of financial position along with topics such as accounting for income taxes, leases, employee benefits, earnings per share and accounting changes* (adapted from CPA)

Prerequisites: ADMN 251 or BUS 351 or equivalent with a minimum of 60%.

Corequisite: None

Crosslisted: None

Accessibility Services Notice

Students who would like an academic accommodation and who have a documented disability should contact Accessibility Services, if they have not already done so.

Transfer Agreements

Course to Course transfer – NoBlock Transfer – Nobctransferguide.ca
Course Details
Total number of weeks15
Total Credits
Total Hours75
Typical hours per week breakdown
Lecture5

Learning Outcomes

Upon successful completion of this course, the learner will be able to:

  1. select, supported with reasons, an appropriate accounting policy.
  2. measure an event follow the selected accounting policy.
  3. prepare the necessary journal entries to record the event.
  4. identify deficiencies in the formal financial statements and propose, with reasons for them, appropriate changes.
  5. value and present the Liability and Equity Sections of the entity, using calculations.
  6. preparing the formal financial statements using Generally Accepted Accounting Principles (ASPE or IFRS) as guidelines.
  7. develop problem-solving and decision-making skills based on case / scenario problems. Teaching and Learning Approach.

Grading Table

Percentage Letter Grade GPA
90-100 A+ 4.33
85-89 A 4.00
80-84 A- 3.67
76-79 B+ 3.33
72-75 B 3.00
68-71 B- 2.67
64-67 C+ 2.33
60-63 C 2.00
55-59 C- 1.67
50-54 P 1.00
0-49 F 0.00
  DNW 0.00

See the Academic Calendar for General Information including how to withdraw from course(s) and other regulations.

Disclaimer

Information contained in this course outline is correct at the time of publication. Content of the course is revised on an ongoing basis to ensure relevance to changing educational, employment and market needs. The instructor will endeavor to provide notice of changes to students as soon as possible. The instructor reserves the right to add or delete material from courses.