Intermediate Financial Accounting
Volume 2

An Open Textbook

G. Arnold and S. Kyle
Edited by Athabasca University
Design and layout by Lyryx Learning
Access Textbook: PDF ePub HTML
Lyryx Online Resources: Online Homework, In-Depth Case Studies
Ancillary (Open) Resources: Instructional Videos
*Please contact us for access to the LaTeX source, CPA Competency Map, and additional resources
LMS Integration: Brightspace, Moodle, and most LMS supporting LTI protocol

Pricing: Info


Intermediate Financial Accounting Volume 2 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 textbook reflects both current International Financial Reporting Standards (IFRS) and ASPE.

This textbook 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. For those requiring preparation for CPA designation, competencies as outlined by the CPA are addressed in this textbook. For a detailed competency map, please contact us at