UNIVERSITY OF CALGARY 
ACCT217: Introductory Financial Accounting 
Comprehensive Revision Guide and Notes 2026 
 
- 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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University of Calgary - ACCT217: Introductory Financial Accounting

C$35.00

ACADEMIC YEAR 2025 - 2026

University	University of Calgary
Study Level	Undergraduate
Course Code	ACCT217
Course Name	Introductory Financial Accounting
Notes Title	Comprehensive Revision Guide and Notes
Page Length	81

This guide provides a comprehensive summary of the key concepts covered in ACCT217: Introductory Financial Accounting at the University of Calgary. It highlights the essential information you need to understand and apply the course material effectively, helping you build a solid grasp of financial accounting principles. The content is structured to support exam preparation by showing you what to focus on and how to apply your knowledge in typical questions. Use these notes as a reference to strengthen your understanding of each topic and improve your performance in the final examination.

ACCT217: Introductory Financial Accounting provides a foundational understanding of accounting principles and practices used in business organizations. The course covers the preparation and reporting of financial statements for stakeholders like investors and managers, focusing on how to utilize accounting data for effective decision-making. To enroll, students must be admitted to the Haskayne School of Business and have completed 12 units. Note that credit cannot be earned for both ACCT217 and ACCT301.

✔ Key Areas of Focus:

Understand the fundamentals of financial accounting for businesses.
Learn how to prepare and interpret financial statements.
Analyze business transactions and their impact on financial statements.
Understand and execute year-end financial reporting processes.
Account for merchandising, inventory, and receivables.
Implement internal controls and manage cash.
Prepare and analyze the cash flow statement and manage liabilities.

COURSE CODE	COURSE NAME
ACCT 217	Introductory Financial Accounting
ACCT 323	Introductory Managerial Accounting
ACCT 341	Intermediate Financial Accounting I
ACCT 343	Intermediate Financial Accounting II
ECON 201	Principles of Microeconomics
ECON 203	Principles of Macroeconomics
ECON 230	Microeconomic Theory
ECON 357	Intermediate Economic Theory Microeconomics II
ECON 395	Introduction to Econometrics
FNCE 317	Financial Management
FNCE 443	Security Analysis and Investments
FNCE 445	Futures and Options
FNCE 463	Portfolio Theory and Management
FNCE 467	Financial Risk Management
MKTG 317	Foundations of Marketing
OBHR 317	Organizational Behaviour
SGMA 395	Business Law for Strategic Decision-Makers
STAT 213	Introduction to Statistics I
STAT 217	Introduction to Statistics II
STAT 429	Linear Models and Their Applications
STAT 505	Time Series Analysis

University of Calgary - ACCT217: Introductory Financial Accounting

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