ACCT 3220 - Financial Accounting Practices

(3 credits) 3 hours lecture, 1 hour tutorial Lecture, Tutorial

This course builds on the concepts and skills learned in introductory accounting and prepares the student for the more conceptual approach required for Intermediate Accounting. Students learn to apply the accounting framework, and further develop skills for recording transactions and events, and analyzing financial statements. Topics include revenue recognition, long-term liabilities, partnership accounting, shareholders’ equity, investments, and the cash flow statement.

Prerequisite(s): ACCT 2121
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