YORK UNIVERSITY 
AP/ADMS 2500: Introduction to Financial Accounting 
Comprehensive Revision Guide and Notes 2025 
 
Part 01: Revision Notes 
Part 02: Sample Examination 
Part 03: Detailed Solutions and Explanations 
Part 04: Study Tips for Students 
 
Online Support & Private Tutoring 
Need to reach out to us with questions or for help? You’ll connect with a private tutor who is extremely passionate about the course to provide assistance and help ensure that you’re on the right track to graduating. 
 
Looking for more study resources? 
Find out about all the services and resources available for students at 
York University

YorkU - AP/ADMS 2500: Introduction to Financial Accounting

C$25.00

ACADEMIC YEAR 2025 - 2026

University	York University
School	Administrative Studies
Course Code	AP/ADMS 2500
Course Name	Introduction to Financial Accounting
Notes Title	Comprehensive Revision Guide and Notes
Page Length	81

This concise revision guide turns the full course into clear, organized notes so you can grasp core ideas and apply them with confidence. Use it as a quick reference to review frameworks, work through typical problems, and strengthen recall of definitions, journal entries, and financial statements. Each section spotlights what matters most and flags common pitfalls, helping you target weak spots and study efficiently. Built for focused exam preparation, it helps you structure your review, practice key methods, and walk into the final exam prepared and confident.

AP/ADMS 2500: Introduction to Financial Accounting at York University introduces the foundations of financial reporting and analysis within the broader field of financial measurement and communication. Students explore how accounting information supports decision-making in personal and business settings, learning the structure and purpose of financial statements and the processes behind them. The course develops understanding of the accounting cycle, the recognition and valuation of assets, liabilities, and equity, and the interpretation of cash flows and performance results. By engaging with both conceptual frameworks and applied techniques, students build the ability to interpret and communicate financial information with clarity and confidence.

Course credit exclusions: AP/ADMS 1500 3.00, AP/ADMS 1550 3.00, and GL/ECON 2710 3.00.

Note: AP/ADMS 1000 3.00 is not a prerequisite for AP/ADMS 2500 3.00, but is strongly recommended.

COURSE CODE	COURSE NAME
AP/ADMS 2200	Introductory Marketing
AP/ADMS 2320	Business Statistics
AP/ADMS 2400	Introduction to Organizational Behaviour
AP/ADMS 2500	Introduction to Financial Accounting
AP/ADMS 2510	Introduction to Management Accounting
AP/ADMS 2610	Elements of Law: Part One
AP/ADMS 3520	An Overview of Canadian Income Taxation
AP/ADMS 3530	Finance
AP/ADMS 3531	Personal Investment Management
AP/ADMS 3585	Intermediate Financial Accounting I
AP/ADMS 3595	Intermediate Financial Accounting II
AP/ADMS 4501	Advanced Portfolio Management
AP/ADMS 4503	Derivative Securities
AP/ADMS 4540	Financial Management
AP/ECON 1000	Introduction to Microeconomics
AP/ECON 1010	Introduction to Macroeconomics
AP/ECON 2300	Intermediate Microeconomic Theory I
AP/ECON 2500	Introductory Statistics for Economists I
AP/ECON 3480	Introductory Statistics for Economists II
AP/ECON 4220	Topics in Econometrics
AP/ECON 4410	Corporate Finance

YorkU - AP/ADMS 2500: Introduction to Financial Accounting

INFORMATION

COURSE DESCRIPTION

RELATED COURSES