Description

This new text by G. Arnold and S. Kyle/ developed in collaboration by Athabasca University and Lyryx/ is intended for the second of two in Intermediate Financial Accounting courses. It presumes that students have already completed the Introductory Financial Accounting/ and the first Intermediate Financing Accounting course. The text reflects both current International Financial Reporting Standards (IFRS) and ASPE. This text covers all topics essential to a second level Intermediate Accounting course: current/ long-term and complex liabilities/ income taxes/ pensions/ leases/ shareholders' equity/ earnings per share/ statement of cash flows including the direct approach/ effects of changes and errors/ and disclosures and analysis. Topics that are covered in Advanced Financial Accounting courses/ such as consolidations and foreign exchange/ are not included here.