UNIVERSITY OF MANITOBA 
ACC 2010: Intermediate Accounting - Assets 
Final Examination Guide and Notes 2025 
 
Part 01: About This Guide 
Part 02: Sample Final Examination Paper 
Part 03: Suggested Solutions to Final Exam Paper 
Part 04: Final Examination - Hints and Tips 
 
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University of Manitoba - ACC 2010: Intermediate Accounting (Assets)

C$25.00

ACADEMIC YEAR 2025 - 2026

University	University of Manitoba
Study Level	Undergraduate
Course Code	ACC 2010
Course Name	Intermediate Accounting - Assets
Notes Title	Final Examination Guide and Notes
Page Length	38

This guide allows you to understand how the ACC 2010: Intermediate Accounting - Assets final exam at the University of Manitoba in 2025 will be assessed, its structure, and the likely style and range of questions that will be asked. This self-study set has been thoroughly updated to cover all the examinable topics contained in the latest edition of the exam. It contains sample exam questions complete with a detailed answer guide to help you with question style and identify priority topics to review as you prepare for the exam. It also offers vital information on exam format, what will be on the exam and key concepts you should be focusing your studies on.

ACC 2010: Intermediate Accounting - Assets examines financial reporting in detail, equipping students to not only understand but also apply accounting principles (GAAP) to assets, revenues, and expenses. The course explores the core framework of financial reporting, focusing on recognizing, presenting, and disclosing transactions. It also unpacks the key differences between IFRS and ASPE, ensuring a well-rounded grasp of these critical accounting standards. By the course's end, students will possess a strong understanding of financial accounting concepts, the ability to analyze accounting issues and recommend policies, and the skills to apply accounting standards in real-world situations.

Main topics to be covered:

Canadian Financial Reporting Environment
Conceptual Framework
Accounting Information System
Reporting Financial Performance; Financial Position and Cash Flows
Revenue Recognition
Cash and Receivables
Inventory
Investments
Property, Plant & Equipment: Basics
Depreciation, Impairment, Disposition
Intangible Assets and Goodwill

COURSE CODE	COURSE NAME
ACC 1100	Introductory Financial Accounting
ACC 2010	Intermediate Accounting – Assets
ACC 2020	Intermediate Accounting – Equities
ACC 3040	Cost Accounting
ACC 4030	Accounting Theory
ECON 1010	Introduction to Microeconomic Principles
ECON 1020	Introduction to Macroeconomic Principles
ECON 2010	Microeconomic Theory 1
ECON 2040	Quantitative Methods in Economics
ECON 3040	Introduction to Econometrics
ECON 4490	Macroeconometrics for Policy Analysis
FIN 2200	Corporate Finance
FIN 3410	Investments
FIN 3460	Financial Markets and Institutions
FIN 3480	Corporate Finance Theory and Practice
FIN 4270	Options and Futures
GMGT 2070	Organizational Behaviour
LAW1102	Contracts
MKT 2210	Fundamentals of Marketing
STAT 1000	Basic Statistical Analysis 1
STAT 3490	Time Series Analysis

University of Manitoba - ACC 2010: Intermediate Accounting (Assets)

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