Intermediate

Financial Accounting

Volume 2


An Open Textbook

G. Arnold and S. Kyle

Edited by Athabasca University

Design and layout by Lyryx Learning

ABOUT THIS TEXTBOOK

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 info@lyryx.com.

More resources to help instructors and students

Lyryx Online Resources: Online Homework, Interactive Explorations, In-Depth Case Studies

Ancillary (Open) Resources: Instructional Videos

LMS Integration: Brightspace, Moodle, and most LMS supporting LTI protocol


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