UNIVERSITY OF OTTAWA 
ADM 2342: Intermediate Accounting I 
Comprehensive Study and Exam Preparation Guide 2024 
 
Part 01: About This Guide 
Part 02: Sample Examination Paper 
Part 03: Detailed Solutions & Explanations 
Part 04: Proven Exam Strategies & Tips 
 
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University of Ottawa - ADM 2342: Intermediate Accounting I

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ACADEMIC YEAR 2024 - 2025

University	University of Ottawa
School	Telfer School of Management
Course Code	ADM 2342
Course Name	Intermediate Accounting I
Notes Title	Comprehensive Study and Exam Prep. Guide
Page Length	38

This comprehensive guide is designed to help you understand how the final examination for ADM 2342: Intermediate Accounting I at the University of Ottawa will be structured and assessed. It provides insights into the types and formats of questions likely to appear on the exam. Fully updated for this academic year, this self-study set covers all examinable topics and includes sample questions with detailed solutions. This guide will assist you in identifying priority areas for review, key concepts, and essential topics to focus on as you prepare for the exam. It also offers an overview of the exam format and content expectations.

ADM 2342: Intermediate Accounting I introduces students to essential accounting practices within the Canadian financial reporting environment. It provides a strong foundation in both the Canadian Conceptual Framework and the Accounting Information System, covering the preparation and interpretation of financial statements, including the Statement of Financial Position, Reporting Financial Performance, Revenue Recognition (such as Long-Term Construction Contracts), Cash and Receivables, Inventory, Investments, and Property, Plant & Equipment. Emphasis is placed on skills required to navigate various reporting standards, including the Accounting Standards for Private Enterprises (ASPE) and International Financial Reporting Standards (IFRS), essential for professionals in Canada’s accounting field.

This course blends theoretical knowledge with practical applications, focusing on the detailed accounting treatments required by both ASPE and IFRS. Students will engage in an in-depth analysis of mixed-attribute measurement models, covering a range of topics such as cash flows, investment securities, and depreciation, impairment, and disposition of Property, Plant & Equipment, with additional focus on revaluation methods. The goal is to equip students with the skills to accurately interpret and apply Canadian accounting standards in diverse professional settings. ADM 1340 is a prerequisite, and ADM 2350 is a corequisite.

COURSE CODE	COURSE NAME
ADM 1100	Introduction to Business
ADM 1340	Financial Accounting
ADM 2303	Statistics for Management
ADM 2320	Marketing
ADM 2341	Managerial Accounting
ADM 2342	Intermediate Accounting I
ADM 3340	Intermediate Accounting II
ADM 3345	Taxation I
ADM 3350	Corporate Finance
ADM 3351	Fixed Income Investments
ADM 3352	Portfolio Management
ADM 3360	Business Law
ADM 4351	Options and Futures
ADM 2350	Financial Management
ECO 1102	Introduction to Macroeconomics
ECO 1104	Introduction to Microeconomics
ECO 2144	Microeconomic Theory I
ECO 2145	Microeconomic Theory II
MAT 2375	Introduction to Statistics
MAT 3375	Regression Analysis
MAT 3379	Introduction to Time Series Analysis

University of Ottawa - ADM 2342: Intermediate Accounting I

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