This course is designed to apply the conceptual framework for financial reporting in Canada by focusing on transactions related to revenue recognition and assets. This course examines the Statements of Financial Position, Comprehensive Income, Changes in Equity, and Cash Flows. Focus is placed on revenue recognition, note disclosure requirements, receivable transactions, inventories, strategic and non-strategic equity and debt investments, as well as property, plant, and equipment and non-current assets. Other topics include internal controls, cash management, fraud prevention, and accounting information systems.
Prerequisites: