MACEWAN UNIVERSITY 
ACCT 316: Intermediate Financial Accounting II 
Comprehensive Revision Guide and Notes 2026 
 
- Part 01: About This Guide 
- Part 02: Sample Examination 
- Part 03: Suggested Solutions to Exam Paper 
- Part 04: Study Tips for Students 
 
The 24/7 Online Support You Deserve 
Need to reach out to us with questions or for help? You’ll connect with a private tutor who is extremely passionate about the course to provide assistance and help ensure that you’re on the right track to graduating. 
 
Looking for more study resources? 
Find out about all the services and resources available for students at MacEwan University

MacEwan University - ACCT 316: Intermediate Financial Accounting II

C$25.00

ACADEMIC YEAR 2025 - 2026

University	MacEwan University
Study Level	Undergraduate
Course Code	ACCT 316
Course Name	Intermediate Financial Accounting II
Notes Title	Comprehensive Revision Guide and Notes
Format	PDF
Page Length	37

Discover a comprehensive and easy-to-understand set of notes covering all examinable topics for ACCT 316: Intermediate Financial Accounting II at MacEwan University. These notes offer essential information on the exam format, content, and key concepts to focus on. The guide provides a logical structure for course topics, emphasizes crucial concepts and methods, and includes initial examples for illustration. By utilizing this all-inclusive study material, you can quickly grasp the course content, practice with exam-like questions, and access provided solutions.

Overview:

This is the second of two intermediate financial accounting courses that emphasize the preparation of financial statements for external users in accordance with current reporting standard, International Financial Reporting Standards (IFRS) and Accounting Standards for Private Enterprise (ASPE). This course provides an in-depth examination of accounting for liabilities, owners' equity and cash flow, including accounting for complex accounting situations. Prerequisites: Minimum grade of C- in ACCT 315.

Key Areas of Focus:

Understand financial liabilities and provisions.
Analyze and report on long-term debt and complex financial instruments.
Differentiate between debt and equity in financial instruments.
Explain corporate income taxes and manage tax losses.
Account for leases and post-employment benefits.
Calculate earnings per share (EPS).
Apply accounting changes and analyze financial statements, focusing on cash flow using the direct method.

COURSE CODE	COURSE NAME
ACCT 311	Introductory Accounting
ACCT 315	Intermediate Financial Accounting I
ACCT 322	Managerial Information and Control Systems
ACCT 328	Income Tax Fundamentals
ACCT 410	Financial Accounting - Advanced
ECON 101	Introduction to Microeconomics
ECON 102	Introduction to Macroeconomics
ECON 384	Microeconomic Theory
ECON 399	Introductory Econometrics
FNCE 301	Introductory Finance
FNCE 404	International Finance
FNCE 406	Valuation and Investment Decision
LEGL 210	Business Law I
MARK 301	Foundations of Marketing
MGTS 103	Introduction to Business Statistics
ORGA 201	Introduction to Management
STAT 151	Introduction to Applied Statistics
STAT 161	Applied Statistics for the Social Sciences
STAT 370	Applied Time Series Analysis

MacEwan University - ACCT 316: Intermediate Financial Accounting II

INFORMATION

COURSE DESCRIPTION

RELATED COURSES