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Fnce

In: Business and Management

Submitted By luciensun
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09/05/2016

Welcome!

Welcome!
• Intermediate Financial Accounting
(ACCT 3200)
• M-W-F 2:30-4:20 in AE 208
• Important Dates






Intermediate Financial Accounting

Friday May 13, 2016 – First Midterm (25% of grade)
Monday May 23, 2016 – No class
Friday May 27, 2016 – final date to withdraw
Friday June 3, 2016 – Second Midterm (25% of grade)
Friday June 17, 2016 – Final Exam (1:30-4:30) (45% of grade)

• Quizzes will be announced the class prior
Copyright © John Wiley & Sons Canada, Ltd.

1

Copyright © John Wiley & Sons Canada, Ltd.

Welcome!

Welcome!

A little about me…

2

A little about YOU!…

Copyright © John Wiley & Sons Canada, Ltd.

3

Copyright © John Wiley & Sons Canada, Ltd.

4

1

09/05/2016

INTERMEDIATE ACCOUNTING

How to be successful in this class

TENTH CANADIAN EDITION
Kieso • Weygandt • Warfield • Young • Wiecek • McConomy

• This is a summer session class = quick
• This is a 3rd year class = challenging
– Quick + challenging = be organized
• Do the assigned homework (min. 1:1)
• Read the chapter beforehand
• Come to class

CHAPTER 1
The Canadian
Financial Reporting
Environment

• Exams will have
– Multiple choice & matching questions
– Short answer questions
– Problems – mini cases

Prepared by:

Dragan Stojanovic, CA
5

Copyright © John Wiley & Sons Canada, Ltd.

As edited by Jeff Kent, CPA,CA M.B.A.

The Canadian Financial Reporting
Environment

CHAPTER 1
The Canadian Financial Reporting Environment

Financial
Statements and
Financial
Reporting
•Accounting and capital allocation
•Stakeholders
•Objective of financial reporting
•Information
asymmetry

After studying this chapter, you should be able to:
• Explain how accounting makes it possible to use scarce resources more efficiently. • Explain the meaning of “stakeholder” and…...

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