YORK UNIVERSITY 
AP/ADMS 2500 - Introduction to Financial Accounting 
Comprehensive Revision Guide and Notes 2024 
 
Part 01: Revision Notes 
Part 02: Sample Examination 
Part 03: Detailed Solutions and Explanations 
Part 04: Study Tips for Students 
 
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YorkU - AP/ADMS 2500: Introduction to Financial Accounting (Solutions)

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ACADEMIC YEAR 2024 - 2025

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

The AP/ADMS 2500: Introduction to Financial Accounting, York University - Comprehensive Revision Guide and Notes 2024 - provides you with a unique summarized version of the core information contained in the full course, and the essentials you need in order to fully comprehend and apply. These features have been specifically designed to help you apply your knowledge in exams. You do not need to be an expert in the course, you just need a basic understanding, and be able to quickly recall the information that you learn. You can use these notes as a reference, to understand the topics better and improve your grades in the final examination. This updated exam preparation guide helps you identify your weak areas, so you will pass the final exam on your first attempt.

An overview of the accounting discipline, useful to both majors and non-majors. Includes accounting history, the uses of accounting information in personal and business contexts and the rudiments of financial reporting.

Main topics to be covered:

Financial statements and bookkeeping
Accounting cycle
Accounting theory
Merchandising
Cash & Receivables
Inventory
Capital Assets & Time Value of Money
Liabilities
Equities
Financial Statements Analysis & Assurance
Cash Flow Statement

* 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 (Solutions)

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