UNIVERSITY OF GUELPH 
ACCT*1240: Applied Financial Accounting 
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 Guelph - ACCT*1240: Applied Financial Accounting

C$25.00

ACADEMIC YEAR 2025 - 2026

University	University of Guelph
Study Level	Undergraduate
Course Code	ACCT*1240
Course Name	Applied Financial Accounting
Notes Title	Comprehensive Revision Guide and Notes
Page Length	38

Get exam-ready for ACCT 1240: Applied Financial Accounting at the University of Guelph with a guide built for quick, effective revision. It clearly explains the exam structure, common question formats, and the full range of assessed topics. You’ll practise with exam-style questions and step-by-step answer guides that show working, highlight frequent errors, and point you to high-priority areas. The content is fully updated to reflect current expectations and covers all examinable material. Use the concise topic summaries, quick tips, and targeted review prompts to focus your study, save time, and feel confident on test day.

This course requires students to apply the fundamental principles emanating from accounting's conceptual framework and undertake the practice of financial accounting. Students will become adept at performing the functions related to each step in the accounting cycle, up to and including the preparation of the financial statements and client reports. Students will also develop the skills necessary for assessing an organization's system of internal controls and financial conditions. Offering: Also offered through Distance Education format.

Restriction(s):

ACCT*2240: Applied Financial Accounting

Prerequisite(s):

ACCT*1220: Introductory Financial Accounting
or ACCT*2220: Financial Accounting

COURSE CODE	COURSE NAME
ACCT*1220	Introductory Financial Accounting
ACCT*1240	Applied Financial Accounting
ACCT*2230	Management Accounting
ACCT*3340	Intermediate Financial Accounting II
ACCT*3350	Taxation
ECON*1050	Introductory Microeconomics
ECON*1100	Introductory Macroeconomics
ECON*2310	Intermediate Microeconomics
ECON*2740	Economic Statistics
ECON*3740	Introduction to Econometrics
FIN*2000	Introduction to Finance
FIN*3000	Investments
FIN*3100	Corporate Finance
FIN*3200	Fundamentals of Derivatives
FIN*3500	Money, Credit, and the Financial System
HROB*2090	Individuals and Groups in Organizations
MCS*1000	Introductory Marketing
MCS*3040	Business and Consumer Law
STAT*2040	Statistics I
STAT*2060	Statistics for Business Decisions
STAT*4360	Applied Time Series Analysis

University of Guelph - ACCT*1240: Applied Financial Accounting

INFORMATION

COURSE DESCRIPTION

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