YORK UNIVERSITY 
AP/ADMS 3585 - Intermediate Financial Accounting I 
Final Examination Guide and Notes 2024 
 
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 
 
Prerequisite
AP/ADMS 2500 3.00 Introduction to Financial Accounting 
Followed by AP/ADMS 3595 3.0 Intermediate Financial Accounting II 
Course Credit Exclusion: AK/ADMS 3585 3.00 
 
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York University - AP/ADMS 3585: Intermediate Financial Accounting I

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ACADEMIC YEAR 2023 - 2024

University	York University
School	School of Administrative Studies
Course Code	AP/ADMS 3585
Course Name	Intermediate Financial Accounting I
Notes Title	Final Examination Guide and Notes
Format	PDF
Page Length	38

This guide allows you to understand how the AP/ADMS 3585: Intermediate Financial Accounting I, York University - Final Examination 2024 will be assessed, structured, and the likely style and range of questions that would be asked. This self-study set has been thoroughly updated to cover all the examinable topics contained in the latest edition of the exam. It contains sample exam questions complete with a detailed answer guide to help you with question style and identify priority topics to review as you prepare for the exam. Additionally, it offers vital information on the exam format, what will be on the exam, and key concepts you should focus your studies on. Students applaud the invaluable tips for how to read the questions, overcome test anxiety, and avoid common pitfalls, all of which help foster exam confidence.

York University's AP/ADMS 3585 3.0 Intermediate Financial Accounting I course equips students with a comprehensive understanding of the technical aspects of financial statements, focusing on revenue and asset components. The course emphasizes the significance of ethics in accounting, preparing students to identify and navigate potential professional conflicts of interest. It also fosters analytical skills, enabling students to discern interconnections between accounting issues, analyze them, and draw logical conclusions. Topics covered include the Canadian Reporting Environment, Conceptual Framework, Reporting Financial Performance and Financial Position, Financial Position and Cash Flow, Revenue Recognition, Inventory, Cash and Receivables, Investment, Acquisition of Property, Plant and Equipment, Amortization, Impairment, and Disposal, and Goodwill and Other Intangible Assets.

✔ To ace the exam, make sure you can:

Understand the Canadian reporting environment and its impact on financial accounting practices.
Apply the conceptual framework to analyze and interpret financial statements effectively.
Evaluate financial performance and position through the lens of revenue recognition and asset management.
Analyze the relationship between financial position and cash flow to make informed decisions.
Demonstrate proficiency in accounting for inventory, cash, receivables, and investments.
Assess the acquisition, amortization, impairment, and disposal of property, plant, and equipment.
Understand the complexities of goodwill and other intangible assets in financial reporting.

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

York University - AP/ADMS 3585: Intermediate Financial Accounting I

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