CONCORDIA UNIVERSITY 
ACCO 320: Financial Reporting II 
Comprehensive Study and Exam Preparation Guide 2026 
 
- Part 01: About This Guide 
- Part 02: Sample Examination Paper 
- Part 03: Detailed Solutions and Explanations 
- Part 04: Proven Exam Strategies and Tips 
 
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Concordia University - ACCO 320: Financial Reporting II

C$25.00

ACADEMIC YEAR 2025 - 2026

University	Concordia University
Department	Accountancy
Course Code	ACCO 320
Course Name	Financial Reporting II
Notes Title	Comprehensive Study and Exam Prep. Guide
Page Length	37

For ACCO 320: Financial Reporting II (Concordia University), this updated self-study set explains how the final exam is assessed and structured, outlines typical question styles and coverage, and clarifies what examiners prioritize. Work through sample questions with fully worked, step-by-step solutions and a detailed answer guide that shows how to present your solution, explains mark allocation, and flags common pitfalls. Clear cues highlight high-priority topics so you can plan efficient revision, practise technique, and focus on the concepts most likely to be tested, helping you understand the format, know what’s on the exam, and approach the final with confidence.

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.

COURSE CODE	COURSE NAME
ACCO 230	Introduction to Financial Accounting
ACCO 310	Financial Reporting I
ACCO 320	Financial Reporting II
ACTU 256	Mathematics of Finance
COMM 215	Business Statistics
COMM 217	Financial Accounting
COMM 220	Analysis of Markets
COMM 222	Organizational Behaviour and Theory
COMM 223	Marketing Management
COMM 305	Managerial Accounting
COMM 308	Introduction to Finance
COMM 315	Business Law and Ethics
ECON 201	Introduction to Microeconomics
ECON 203	Introduction to Macroeconomics
ECON 221	Statistical Methods I
ECON 222	Statistical Methods II
ECON 301	Intermediate Microeconomic Theory I
ECON 421	Econometrics I
ECON 423	Topics in Applied Econometrics
FINA 385	Theory of Finance I
FINA 395	Theory of Finance II
FINA 411	Portfolio Management
FINA 412	Options and Futures
PSYC 315	Statistical Analysis I
STAT 250	Statistics
STAT 460	Time Series and Forecasting

Concordia University - ACCO 320: Financial Reporting II

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