MCGILL UNIVERSITY 
CACF 325: Intermediate Financial Reporting 2 
Final Examination Guide and Notes 2026 
 
Part 01: About This Guide 
Part 02: Sample Final Examination Paper 
Part 03: Suggested Solution to Final Exam Paper 
Part 04: Final Examination - Hints and Tips 
 
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McGill University - CACF 325: Intermediate Financial Reporting 2

$29.00

ACADEMIC YEAR 2025 - 2026

University	McGill University
Study Level	Undergraduate
Course Code	CACF 325
Course Name	Intermediate Financial Reporting 2
Notes Title	Final Examination Guide and Notes
Format	PDF
Page Length	37

Are you feeling overwhelmed by the extensive content you need to master for the exam in CACF 325: Intermediate Financial Reporting 2 at McGill University? Don't worry, we've got you covered with this comprehensive revision guide. It encompasses all the topics that will be examined in the course, providing a thorough review of each one. This guide will help you understand the structure of the final exam, how it will be evaluated, and the probable style and variety of questions you might encounter.

CACF 325: Intermediate Financial Reporting 2 provides an in-depth review of the Income Statement components, including revenues, expenses, related-party transactions, and other measures derived from the income statements. It delves deeper into the examination of the notes that accompany financial statements in annual reports, which are integral to understanding the financial position of companies.

✔ Main topics to be covered:

Income Statement components: This course delves into various components of the Income Statement, providing you with a comprehensive understanding of key elements such as revenues, expenses, and related-party transactions. By examining these components, you will gain insights into how a company's financial performance is presented and analyzed.
Notes accompanying financial statements: You will explore the importance of notes in annual reports and how they contribute to understanding a company's financial position. The course will cover the purpose of these notes, the types of information they contain, and their role in providing context and clarity to financial statements.
Related-party transactions: The course investigates transactions between related parties, such as transactions between a parent company and its subsidiaries or between companies with common ownership. You will examine the impact of these transactions on financial reporting, including potential issues related to transparency, disclosure, and potential conflicts of interest.
Other measures derived from income statements: You will study additional measures derived from income statements that can provide further insight into a company's financial performance. These measures may include gross profit margin, operating margin, and net profit margin, among others. By analyzing these measures, you will develop a deeper understanding of a company's financial health and performance over time.

Upon completing, you will learn about Income Statement components, the importance of notes in annual reports, related-party transactions, and additional measures derived from income statements. By understanding these concepts, you will be able to analyze a company's financial performance and make informed decisions based on financial data.

COURSE CODE	COURSE NAME
ACCT 351	Intermediate Financial Accounting 1
ACCT 352	Intermediate Financial Accounting 2
ACCT 361	Management Accounting
CACF 210	Introductory Financial Accounting
CACF 215	Introductory Managerial Accounting
CACF 310	Intermediate Financial Reporting 1
CACF 325	Intermediate Financial Reporting 2
BUSA 364	Business Law 1
ECON 208	Microeconomic Analysis and Applications
ECON 230D (1&2)	Microeconomic Theory
ECON 209	Macroeconomic Analysis and Applications
FINE 441	Investment Management
FINE 342	Corporate Finance
FINE 442	Capital Markets and Institutions
ECON 337	Introductory Econometrics 1
FINE 443	Applied Corporate Finance
FIN 448	Financial Derivatives
MATH 324	Statistics
MGCR 211	Introduction to Financial Accounting
MGCR 222	Introduction to Organizational Behaviour
MGCR 271	Business Statistics
MGCR 341	Introduction to Finance
MGCR 352	Principles of Marketing
MGSC 372	Advanced Business Statistics
MATH 423	Applied Regression

MITCA

MITCA

Updated for 2026

McGill University - CACF 325: Intermediate Financial Reporting 2

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