UNIVERSITY OF ALBERTA 
ACCTG 315: Intermediate Financial Accounting II 
3 units (fi 6)(EITHER, 3-0-0) 
Comprehensive Revision Guide and Notes 2025 
 
Part 01: About This Guide 
Part 02: Sample Examination 
Part 03: Suggested Solutions to Exam Paper 
Part 04: Study Tips for Students 
 
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University of Alberta - ACCTG 315: Intermediate Financial Accounting II

C$25.00

ACADEMIC YEAR 2025 - 2026

University	University of Alberta
Study Level	Undergraduate
Course Code	ACCTG 315
Course Title	Intermediate Financial Accounting II
Notes Title	Comprehensive Revision Guide and Notes
Page Length	37

Prepare for the ACCTG 315 final exam with the most comprehensive exam guide available for this course, including practice exam questions and strategies for avoiding common examination pitfalls. You will get with a clear picture of how the final exam will be assessed, and how it is structured, as well as the likely style and range of questions that you could see in the real exam. The purpose of this guide is to provide a logical structure for the topics that make up the course, to emphasize and explain the important concepts and methods in each topic, and to provide initial examples to which the concepts and methods are applied. This self-study set has been thoroughly updated to cover all the topics contained in the latest edition of the exam.

ACCTG 315, the second of a two-part series in intermediate financial accounting, focuses on the fundamental financial accounting concepts and techniques relating to the liabilities and equities side of the balance sheet. We will examine both International Financial Reporting Standards (IFRS) and Accounting Standards for Private Enterprises (ASPE). The course seeks to prepare students for a successful career as professional accountants in both the public and private sectors. Students are expected to develop a solid working knowledge of both IFRS and ASPE and an understanding of professional judgment in accounting.

Key topics include non-financial and current liabilities, long-term financial liabilities, and shareholders' equity, which are crucial for understanding a company's obligations and ownership structure. Complex financial instruments and earnings per share provide insights into financial performance. Pensions and other post-employment benefits, along with leases, require special accounting treatments due to their long-term nature. Accounting for income taxes, changes, and error analysis ensures accuracy in financial reporting. Lastly, the statement of cash flows helps assess a company's liquidity and cash management.

COURSE CODE	COURSE TITLE
ACCTG 200	Introduction to Accounting
ACCTG 211	Introduction to Accounting for Financial Performance
ACCTG 222	Introduction to Accounting for Management Decision Making
ACCTG 315	Intermediate Financial Accounting II
BLAW 201	Legal Foundations of the Canadian Economy
ECON 101	Introduction to Microeconomics
ECON 102	Introduction to Macroeconomics
ECON 281	Intermediate Microeconomic Theory I
ECON 299	Quantitative Methods in Economics
ECON 399	Introductory Econometrics
FIN 201	Introduction to Finance
FIN 312	Investment Principles
FIN 322	Capital Investment
FIN 413	Risk Management
FIN 414	Operation of Financial Institutions
MARK 201	Introduction to Marketing
MGTSC 212	Probability and Statistics for Business
PSYCH 213	Introduction to Data Analysis in Psychology I
SEM 301	Behaviour in Organizations
STAT 151	Introduction to Applied Statistics I
STAT 161	Introductory Statistics for Business and Economics
STAT 235	Introductory Statistics for Engineering

University of Alberta - ACCTG 315: Intermediate Financial Accounting II

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