University of Waterloo - AFM 391: Intermediate Financial Accounting 2

AFM 391 - Intermediate Financial Accounting 2, delves into the complexities of measuring liabilities, income, and corporate equities. It covers various topics including current and non-current liabilities, equities, complex financial instruments, earnings per share, pensions, leases, and income taxes. The course equips students with a comprehensive understanding of financial accounting principles and techniques applicable to real-world scenarios in the accounting industry. It is especially valuable for those pursuing careers in accounting or related fields, emphasizing the mastery of financial statement preparation techniques for success in their professional endeavors.

✔ Upon finishing the course, you should be able to:

• understand the nature and management of current liabilities and contingencies;
• analyze non-current financial liabilities and their impact on financial statements;
• evaluate equities and their role in corporate finance;
• comprehend complex financial instruments and their accounting treatment;
• calculate and interpret earnings per share;
• assess the accounting and financial implications of pensions and other employee future benefits;
• apply the principles of lease accounting;
• and - interpret and manage income taxes within financial reporting.