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ACCT 202

This course expands on the principles and practices of financial accounting covered in the introductory financial accounting courses. Further training in accounting systems and the preparation, analysis, and interpretation of financial statements is provided at an intermediate level. The topics covered in this course include the accounting for business assets and liabilities specifically: capital assets, current liabilities and capital and operating leases. Canadian Accounting Standards for Private Enterprises (ASPE) and the International Financial Reporting Standards (IFRS) are applied to various situations involving this material, with further reference to financial statement presentation in adherence to both legal and Chartered Professional Accountants Canada (CPA) Handbook requirements.