UNIVERSITY OF WATERLOO

AFM 391: Intermediate Financial Accounting 2

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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Intermediate Financial Accounting 2 (AFM 391) - Solutions [UWaterloo]

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University
University of Waterloo
School
Accounting and Finance
Course Code
AFM 391
Course Name
Intermediate Financial Accounting 2
Notes Title
Comprehensive Revision Guide and Notes
Page Length
37

ACADEMIC YEAR 2026 - 2027

Discover a comprehensive and easy-to-understand set of notes covering all examinable topics for AFM 391: Intermediate Financial Accounting 2 at the University of Waterloo. These notes offer essential information on the exam format, content, and key concepts to focus on. The guide provides a logical structure for course topics, emphasizing and explaining crucial concepts and methods, along with initial examples for illustration. By utilizing this all-inclusive study material, you can swiftly grasp course materials while practicing with exam-like questions and accessing provided solutions.

AFM 391: Intermediate Financial Accounting 2

AFM 391 at the University of Waterloo builds on the foundations of intermediate financial accounting, focusing on the measurement and reporting of liabilities, income, and shareholders’ equity. The course develops students’ understanding of the accounting principles underlying these areas and their ability to apply relevant accounting standards to financial reporting problems. Students strengthen their analytical skills and professional judgement by examining how accounting decisions affect the information presented in financial statements.

UNIVERSITY OF WATERLOO

Studying for another course? Select a course below to review the resource details and what’s included.

COURSE CODE	COURSE NAME
AFM 101	Introduction to Financial Accounting
AFM 102	Introduction to Managerial Accounting
AFM 231	Business Law
AFM 272	Global Capital Markets and Financial Analytics
AFM 273	Financial Instruments and Capital Markets
AFM 274	Introduction to Corporate Finance
AFM 275	Corporate Finance
AFM 280	Introduction to Organizational Behaviour
AFM 291	Intermediate Financial Accounting 1
AFM 322	Derivative Securities
AFM 391	Intermediate Financial Accounting 2
ECON 101	Introduction to Microeconomics
ECON 102	Introduction to Macroeconomics
ECON 201	Microeconomic Theory for Business and Policy
ECON 221	Statistics for Economists
ECON 290	Models of Choice in Competitive Markets
ECON 322	Econometric Analysis 1
ECON 323	Econometric Analysis 2
ECON 371	Business Finance 1
ECON 372	Business Finance 2
ECON 423	Time Series Econometrics
MGMT 244	Principles of Marketing
PSYCH 292	Basic Data Analysis
STAT 202	Introductory Statistics for Scientists
STAT 443	Forecasting

MITCA

Updated for 2026

Intermediate Financial Accounting 2 (AFM 391) - Solutions [UWaterloo]

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COURSE DESCRIPTION

RELATED COURSES

University	University of Waterloo
School	Accounting and Finance
Course Code	AFM 391
Course Name	Intermediate Financial Accounting 2
Notes Title	Comprehensive Revision Guide and Notes
Page Length	37