MCGILL UNIVERSITY 
MGCR 211: Introduction to Financial Accounting 
Comprehensive Revision Guide and Notes 2025 
 
Part 01. Revision Notes 
Part 02. Sample Examination 
Part 03. Suggested Solutions to Exam Paper 
Part 04. Study Tips for Students 
 
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McGill University - MGCR 211: Introduction to Financial Accounting

C$35.00

ACADEMIC YEAR 2024 - 2025

University	McGill University
Study Level	Undergraduate
Course Code	MGCR 211
Course Name	Introduction to Financial Accounting
Notes Title	Comprehensive Revision Guide and Notes
Format	PDF
Page Length	81

Discover a comprehensive and easy-to-understand set of notes for MGCR 211: Introduction to Financial Accounting - at McGill University. This resource covers all examinable topics, including the course structure, assessment criteria, and exam formats. It offers clear explanations, practical examples, and detailed solutions to sample questions to ensure a thorough understanding of the material. Organized for easy navigation, the guide emphasizes essential concepts crucial for academic success. Prepare confidently for all assessments in the course, whether you’re aiming for top grades or solid performance.

The role of financial accounting in the reporting of the financial performance of a business. The principles, components and uses of financial accounting and reporting from a user's perspective, including the recording of accounting transactions and events, the examination of the elements of financial statements, the preparation of financial statements and the analysis of financial results. Restriction: Not open to U0 students.

Key Areas of Focus:

Understand the purpose and use of financial statements.
Learn how to use the accounting information system.
Apply accrual accounting concepts.
Manage and report on merchandising operations.
Analyze and report inventory, cash, and receivables.
Implement internal controls and manage cash effectively.
Report and analyze long-lived assets and liabilities.
Understand shareholders' equity and prepare the cash flow statement.

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
FINE 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

McGill University - MGCR 211: Introduction to Financial Accounting

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