Finance professionals often rely heavily on accounting information obtained from financial statements and other sources of financial reporting. This course builds on the basic foundations provided in RSM219H1, Introduction to Financial Accounting, and provides an intermediate-level discussion of key concepts required to competently read, analyze, interpret, and evaluate financial statement information. Following topics are discussed from the perspectives of International Financial Reporting Standards (IFRS) and U.S. Generally Accepted Accounting Principles (US GAAP): revenue recognition, cash flows, inventories, long-lived assets, non-current liabilities, income taxes, and financial statement analysis. Not eligible for CR/NCR option.