Concordia University - ACCO 320: Financial Reporting II

ACCO 320: Financial Reporting II expands on the foundations established in ACCO 310, offering Accountancy majors an in-depth look at advanced financial reporting topics. Main topics to be covered include current and long-term liabilities, complex financial instruments, shareholders’ equity, earnings per share, deferred income taxes, pensions and employee benefits, and leases. The course aligns with sections of the CPA Canada Competency Map in financial reporting, guiding students through the preparation and interpretation of financial statements for complex transactions and events. The focus is on understanding the nature and impact of various financial elements, including assets, liabilities, and cash flows, to provide a solid grasp of the financial implications associated with each.

This course also emphasizes the analytical skills needed to evaluate reporting choices, enabling students to critically assess the options available for measuring and disclosing complex financial events. By exploring management’s decision-making process in selecting reporting methods, students gain insight into the strategic considerations underlying financial disclosures. Through a blend of conceptual knowledge and practical application, students will acquire the expertise needed to prepare and interpret financial statements that comply with generally accepted accounting principles, thereby enhancing their readiness for professional roles in the field.