16:253 Intermediate Accounting – Assets [McLachlan]

Prerequisite: 16:151.

This course involves an in-depth examination of accounting policies and practices for assets of a business, under IFRS and ASPE. Students are expected to: understand the framework for evaluating policy choice, determine the appropriate carrying value of assets upon initial recognition, properly measure assets for reporting in subsequent financial statements, and understand disclosure requirements.

3 lecture hours per week, one term.

Instructor: Lindsay McLachlan