Financial Accounting 2 [FA2] is the second of five courses in the subject of financial accounting. This intermediate financial accounting course builds on the basic understanding that you should have acquired in Financial Accounting Fundamentals [FA1]. It is designed to enable you to further develop accounting knowledge and skills in preparation for the subsequent three courses in financial accounting [FA3, FA4,AT], and to relate this knowledge to other courses in the program of professional studies.

The broad aim of this course is to present the concepts, methods, and techniques regarding the valuation of assets and liabilities in general, the application of generally accepted accounting principles of IFRS. This course also includes presentation of income statement, balance sheet, and statement of cash flows. Specifically, FA2 focuses on the left side of the balance sheet—the Assets. The underlying issues of accounting theory and the convergence of Chinese Accounting Standards (CAS) will be incorporated as they arise. It also covers various ethical issues related to the use of accounting information. Finally, we expect the course could further acquaint the students with the accounting terminology in English.