University of Ottawa - ADM 3340: Intermediate Accounting II

This course, ADM 3340: Intermediate Accounting II, focuses on advanced topics that build upon the foundation established in ADM 2342. Key areas of focus include Intangible Assets and Goodwill, Non-Financial and Current Liabilities, Long-Term Financial Liabilities, Shareholders' Equity, Complex Financial Instruments, Earnings Per Share (EPS), Accounting Changes and Error Analysis, and the Statement of Cash Flows. This course emphasizes financial reporting across varied organizational activities such as financing, investment, marketing, production, R&D, taxes, compensation arrangements, procurement, leases, obligations, pension funding, mergers and acquisitions, and HR development.

As a progression from ADM 2342, ADM 3340 addresses advanced accounting concepts, placing particular importance on the application of professional judgment and generally accepted accounting principles (GAAP). Students learn to make detailed journal entries and prepare comprehensive financial statements, including the necessary notes. The course explores alternative accounting methods, the consistency of accounting principles, and conceptual issues arising from Canada’s dual standards (ASPE and IFRS) environment. Through this approach, students gain practical skills in navigating current and proposed accounting standards, preparing them for nuanced financial reporting scenarios.