UNIVERSITY OF CALGARY 
ACCT341: Intermediate Financial Accounting I 
Comprehensive Revision Guide and Notes 2026 
 
- 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 Calgary - ACCT341: Intermediate Financial Accounting I

C$25.00

ACADEMIC YEAR 2025 - 2026

University	University of Calgary
Study Level	Undergraduate
Course Code	ACCT341
Course Name	Intermediate Financial Accounting I
Notes Title	Comprehensive Revision Guide and Notes
Page Length	38

Studying ACCT341: Intermediate Financial Accounting I at the University of Calgary? This comprehensive guide keeps your revision focused on the topics most likely to come up in the exam. It explains what the exam usually tests, what strong answers look like, and how to avoid common mistakes. You’ll get exam-style questions with full solutions, step-by-step workings, and clear explanations so you can see exactly how to set out your method and pick up marks quickly.

ACCT341: Intermediate Financial Accounting I focuses on financial accounting from the perspective of those who produce financial information. The course covers key topics such as cash management, receivables, inventories, short and long-term investments, intangible assets, and capital assets, with an emphasis on their impact on financial statements. Prerequisites for this course include admission to the Haskayne School of Business and completion of Accounting 217 and 323.

Key Areas of Focus:

Understand the financial accounting concepts related to cash, receivables, and inventories.
Learn how to account for short and long-term investments.
Gain knowledge of financial statement considerations for capital assets.
Explore the accounting treatment for property, plant, and equipment.
Master the calculation and reporting of depreciation, impairment, and asset disposition.
Study the accounting for intangible assets and goodwill.
Analyze the financial reporting implications of intangible assets and goodwill.

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 - ACCT341: Intermediate Financial Accounting I

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