UNIVERSITY OF MANITOBA

ACC 2020: Intermediate Accounting - Equities

Final Examination Guide and Notes 2026

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 2020: Intermediate Accounting (Equities)

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ACADEMIC YEAR 2026 - 2027

University	University of Manitoba
Study Level	Undergraduate
Course Code	ACC 2020
Course Name	Intermediate Accounting - Equities
Notes Title	Final Examination Guide and Notes
Page Length	37

Prepare with confidence for the ACC 2020: Intermediate Accounting - Equities final examination at the University of Manitoba. This guide explains how the paper is structured and marked, so you know what examiners look for and where marks are gained or lost. You will practise the core question formats with realistic sample papers, complete with fully worked solutions and clear, step-by-step explanations. It also flags common errors and shows you how to avoid them, with targeted hints and revision tips to help you study efficiently and perform under timed conditions.

This course focuses predominantly on the liabilities and shareholders' equity side of the statement of financial position (balance sheet). The course is the second of a two-part series in Intermediate Financial Accounting. It is a demanding course designed to give students a thorough understanding of the framework, concepts, and techniques of accounting that they will need to proceed with upper-level courses in financial accounting. The course includes consideration of current accounting relating to equities with attention to the accounting treatment of current and long-term liabilities, income tax allocation, share capital, and surplus.

Main topics to be covered:

Non-Financial and Current Liabilities
Long-Term Financial Liabilities
Leases
Income Taxes
Shareholders’ Equity
Complex Financial Instruments
Earnings per Share
Pensions
Accounting Changes and Error Analysis
Statement of Cash Flows

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

MITCA

Updated for 2026

University of Manitoba - ACC 2020: Intermediate Accounting (Equities)

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