Intermediate Financial Accounting I

The objective of the course is to examine the objectives of the Canadian financial reporting environment and the conceptual framework underlying accounting. The course focuses on developing skills in how to use accounting facts and procedures in various business contexts and understanding the how as well as the why of accounting. Detailed coverage will include the issues related to measurement, recording and reporting of assets and revenue recognition. PREREQ: ACCT 2001 (formerly COMM 1107) minimum C. (lec 3) cr 3. Cross-listed with ADMN 2106. Students cannot retain credit for both COMM 3016 and ACCT 3011.