• Account for current liabilities including payables, notes, contingencies, and sales taxes.
• Account for long-term notes and bonds issued at par, a discount, or a premium using the effective interest method.
• Apply the basic principles of lease accounting.
• Demonstrate how to account for a simple payroll.
• Account for partnerships including profit sharing, the admission and withdrawal of partners, and partnership liquidation.
• Journalize shareholders’ equity transactions for share issuances, repurchases, and cash and stock dividends.
• Account for fair value through profit or loss and fair value through comprehensive income debt and equity investments.
• Prepare cash flow statements using the direct and indirect methods.
• Analyze financial statements utilizing horizontal, vertical, and ratio analysis.

• Module 1: Current Liabilities and Payroll
• Module 2: Partnerships
• Module 3: Corporations: Share Capital and the Balance Sheet
• Module 4: Corporations: Retained Earnings and the Income Statement
• Module 5: Long-Term Liabilities
• Module 6: Investments
• Module 7: The Cash Flow Statement
• Module 8: Financial Statement Analysis

Students require the following e-textbook, which can be purchased directly from the TRU bookstore site at: https://thebookstore.tru.ca/site_digital.asp

1. Miller-Nobles, T. L., Mattison, B., Mowbray, G., Meissner, C. A., Johnston, J. L. (2023). Horngren's Accounting: Volume 2 (12th Cdn. ed.). with MyLab Accounting. Pearson Canada.
   Type: E-Textbook: ISBN: 9780136852537

Students who did not take ACCT 1211 will be required to review key concepts covered in the first part of the introductory accounting course from any introductory accounting textbook.

Hand calculator: a calculator may be helpful for basic calculations. However, if students intend to continue with more advanced accounting courses in the future, students might consider buying a financial cal¬culator, such as the Texas Instruments "Business Analyst" calculator, now.

To successfully complete this course, students must achieve a passing grade of 50% or higher on the overall course, and 50% or higher on the final mandatory exam.