CARLETON UNIVERSITY 
BUSI 2002: Intermediate Accounting II 
Comprehensive Study and Exam Preparation Guide 2024 
 
Part 01: About This Guide 
Part 02: Sample Examination Paper 
Part 03: Detailed Solutions & Explanations 
Part 04: Study Tips for Students 
 
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BUSI 2002: Intermediate Accounting II - at Carleton University

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ACADEMIC YEAR 2024 - 2025

University	Carleton University
Faculty	Accounting
Subject	BUSI 2002
Long Title	Intermediate Accounting II
Notes Title	Comprehensive Study and Exam Prep. Guide
Page Length	37

This guide helps you understand how the final exam for BUSI 2002: Intermediate Accounting II in 2024 at Carleton University will be assessed and structured, along with the likely style and range of questions that may be asked. This self-study set has been updated to cover all the examinable topics contained in the latest edition of the exam. It contains sample exam questions, complete with a detailed answer guide to help you with question style and identify priority topics to review as you prepare for the exam. It also offers vital information on exam format, what will be on the exam and key concepts you should be focusing your studies on.

This course, BUSI 2002: Intermediate Accounting II builds on concepts introduced in Intermediate Accounting I - focusing on the liabilities and equity components of the balance sheet, along with advanced accounting topics. It explores both traditional financial accounting principles and recent developments in the profession. Main topics include non-financial and current liabilities, long-term financial liabilities, shareholders' equity, complex financial instruments, earnings per share, pensions and employee future benefits, leases, income taxes, accounting changes and error analysis, the statement of cash flows, and other measurement and disclosure issues.

The objectives are to develop a comprehensive understanding of the concepts, policies, and procedures underlying financial reporting and to foster awareness of the limitations and practical challenges associated with preparing and interpreting financial statements. Throughout the course, students will engage with both International Financial Reporting Standards (IFRS) and Accounting Standards for Private Enterprises (ASPE) to enhance their understanding of professional accounting practices.

Prerequisites for this course are BUSI 2001 and either BUSI 2504 or BUSI 2503, with a minimum grade of C in each. Additionally, students must achieve at least a C- in BUSI 2002 to enroll in BUSI 3001.

SUBJECT	COURSE TITLE
BUSI 1001	Principles of Financial Accounting
BUSI 1002	Management Accounting
BUSI 1004	Financial Accounting for Business Students
BUSI 2002	Intermediate Accounting II
BUSI 2121	Introduction to Organizational Behaviour
BUSI 2204	Basic Marketing
BUSI 2501	Business Finance
BUSI 2505	Business Finance II
BUSI 2601	Business Law
BUSI 3001	Accounting for Business Combinations
BUSI 3502	Investments
BUSI 3512	Derivatives
ECON 1001	Introduction to Microeconomics
ECON 1002	Introduction to Macroeconomics
ECON 2030	Intermediate Microeconomics II: Consumers & General Equilibrium
ECON 2102	Intermediate Macroeconomics I
ECON 2210	Introductory Statistics for Economics
ECON 2220	Introductory Econometrics
ECON 4706	Econometrics I
ECON 4713	Time-Series Econometrics
PSYC 2002	Introduction to Statistics in Psychology
STAT 2507	Introduction to Statistical Modeling I
STAT 2509	Introduction to Statistical Modeling II

BUSI 2002: Intermediate Accounting II - at Carleton University

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