SIMON FRASER UNIVERSITY 
BUS 251: Financial Accounting I 
Final Examination Guide and Notes 2026 
 
- Part 01. Revision Notes 
- Part 02. Sample Final Examination Paper 
- Part 03. Suggested Solutions to Final Exam Paper 
- Part 04. Final Examination - Hints and Tips 
 
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, ready to provide assistance and ensure that you're on the right track to graduating. 
 
Looking for additional study resources? 
Explore the most up-to-date summary notes and exam guides available for students at Simon Fraser University

Simon Fraser University - BUS 251: Financial Accounting I (Solutions)

C$35.00

ACADEMIC YEAR 2025 - 2026

University	Simon Fraser University
Study Level	Undergraduate
Course Code	BUS 251
Course Name	Financial Accounting I
Notes Title	Final Examination Guide and Notes
Format	PDF
Page Length	81

This comprehensive guide is designed to help you understand how the final examination for BUS 251: Financial Accounting I at Simon Fraser University will be structured and assessed. The guide provides insights into the types and formats of questions likely to appear on the exam. Fully updated for this academic year, this self-study set covers all examinable topics and includes sample questions with detailed solutions. This guide will assist you in identifying priority areas for review, key concepts, and essential topics to focus on as you prepare for the exam. It also offers an overview of the exam format and content expectations.

BUS 251: Financial Accounting I at Simon Fraser University introduces students to financial accounting principles, terminology, and the analysis of business entities through financial statements. The course covers the time value of money, provides a critical review of conventional accounting systems, and requires 12 units as a prerequisite.

Learning Outcomes:

Understand how transactions impact financial statements.
Apply double-entry accounting principles effectively.
Describe the accounting cycle and its sequential steps.
Recognize revenue according to generally accepted accounting principles (GAAP).
Interpret the statement of income to assess financial performance.
Analyze the statement of cash flows for liquidity and cash management.
Manage cash and accounts receivable effectively in financial operations.
Evaluate inventory management strategies and cost flow assumptions.
Assess long-term assets in terms of acquisition, depreciation, and impairment.
Analyze liabilities and their impact on financial health.
Interpret shareholders' equity and its components.
Conduct financial statement analysis to evaluate company performance and make informed decisions.

COURSE CODE	COURSE NAME
BUS 232	Data and Decisions I
BUS 233	Introduction to Business Law and Ethics
BUS 251	Financial Accounting I
BUS 272	Behaviour in Organizations
BUS 312	Introduction to Finance
BUS 315	Investments
BUS 316	Derivative Securities
BUS 320	Financial Accounting: Assets
BUS 321	Financial Accounting: Equity
BUS 322	Intermediate Managerial Accounting
BUS 341	Fundamentals of Marketing
BUS 410	Financial Institutions
BUS 413	Corporate Finance
ECON 103	Principles of Microeconomics
ECON 105	Principles of Macroeconomics
ECON 201	Microeconomic Theory I: Competitive Behavior
ECON 233	Introduction to Economic Data and Statistics
ECON 333	Statistical Analysis of Economic Data
STAT 270	Introduction to Probability and Statistics
STAT 485	Applied Time Series Analysis

Simon Fraser University - BUS 251: Financial Accounting I (Solutions)

INFORMATION

COURSE DESCRIPTION

RELATED COURSES