This intermediate financial accounting course is intended for students who will be involved in the preparation or use of corporate financial reports whether as accountants, financial executives, auditors, financial analysts, actuaries or legal advisors. This course builds on the foundation laid in ACCT1501 and ACCT1511 and covers financial reporting on, and analysis of, more complex business transactions, events and structures. Topics include, accounting for various types of equity investments such as subsidiaries, associates and joint ventures, tax effect accounting, disclosure issues and understanding the regulatory environment in which financial statements are prepared.