AFM 291: Intermediate Financial Accounting 1

Structured inventory and gap map · Spring 2026 · University of Waterloo · 264 files across 19 folders, every one inspected

164files worth keeping
(126 documents + 38 recordings)
38superseded drafts
to archive
62duplicates & dead weight
to delete
9of 13 weeks complete
(2 more partial)
2weeks with
nothing at all

The headlineWeeks 1–11 are essentially complete. Weeks 12–13 do not exist.

Every pre-lecture recording, lecture deck, PBL scenario and PBL sample solution the syllabus assigns for Weeks 1 through 11 is present, with the four exceptions below. Then the archive stops. The folder named “Weekw 12-13” contains a single screenshot of the syllabus timetable and nothing else, which is roughly 15% of the course, including all of IAS 36 impairment and the cash flow capstone.

Week 12: Impairment of long-term assetsmissing

No checklist, no pre-lecture recordings (“Impairment – What and When to Test”, “The Impairment Test”), no lecture deck, no PBL scenario, no solution. IAS 36 appears nowhere in 264 files.

Week 13: Cash flow capstonemissing

No checklist, no recorded lecture video, no capstone examples, no PBL scenario or solution. The Week 9 PP&E cash-flow material is the closest substitute you already own.

Week 11: PBL casemissing

Weeks 1–10 each have a scenario and a sample solution. The series stops dead at Week 10 Landmark. Verified across the whole tree: Week 11 is the only week in 1–11 with no case to practise on.

Week 10: Investment property deckpartial

The “Introduction to Investment Property” slide deck is absent, but its 15-minute recording is present as video and the Week 10 lecture deck covers the topic. A soft gap, not a hole.

Coverage matrixWhat exists for each week

Nine material types, checked week by week. “n/a” means the course did not assign that type that week, not that something is missing. “partial” in the pre-lecture slide-deck column means the recording is present but no separate slide deck was saved; standalone “Without Recording” decks only appear from Week 6 onward, so I cannot confirm the course issued them for Weeks 1–5.

WeekChecklistPre-lecture
recordings		Pre-lecture
slide decks		Lecture
deck		PBL
scenario		PBL sample
solution		Worked
Excel		Handbook
extract		Study set
(V4)		Notes
Week 1Ch. 2Conceptual framework, earnings management, problem-solving processyesyespartialyespartialyesn/an/an/aNo PBL case this week, the session was course orientation; the prerequisite question set and its solution stand in. The required article “Playing by the Rules” is not saved.
Week 2Ch. 4Revenue recognition: IFRS 15 five-step model, significant financing, ASPEyesyespartialyesyesyesyesn/an/aAll three recordings present as video (22 + 20 + 3 min). Separate slide decks were not saved for this week.
Week 3Ch. 4Performance over time, warranties, liabilities & contingenciesyesyespartialyesyesyesn/an/an/aAll four recordings present, including Liabilities & Contingencies (21 min). Slide decks not saved.
Week 4Ch. 4Long-term contracts, onerous contracts, provisions IAS 37yesyespartialyesyesyesyesn/an/aThree worked Excel models: Kennedy profitable, Kennedy onerous, Sun Technology balance sheet. Slide decks not saved.
Week 5Ch. 3Subsequent events IAS 10; changes in estimates, policies and errors IAS 8yesyespartialyesyesyesyesmissingn/aIAS 10, IAS 8, ASPE 3820 and ASPE 1506 are assigned but not saved. No self-made study set, the thinnest of Weeks 1–11.
Week 6Ch. 6Inventory: IAS 2 and ASPE 3031yesyesyesyesyesyesyesyesyesBoth assigned standards saved (IAS 2, ASPE 3031). No PBL facilitation deck. Chapter 5 content sits in the Week 7 folder.
Week 7Ch. 5 & 7Financial assets: IFRS 9 equity investments; cash & receivables ECLyesyesyesyesyesyesyesn/ayesChapter 7 section E (debt amortization) is assigned this week but covered by no official file.
Week 8Ch. 7Financial assets: IFRS 9 debt investments, recycling, impairmentyesyesyesyesyesyesn/an/ayesImpairment is taught conceptually but no file contains a single impairment journal entry. The deck’s IAS 7 grids were filled in live and are blank.
Week 9Ch. 8Property, plant & equipment: IAS 16 and borrowing costs IAS 23yesyesyesyesyesyesyesn/ayesThe best-resourced week in the folder: 17 files, every assigned material type present.
Week 10Ch. 9 & 10Revaluation model, investment property IAS 40, government grants IAS 20yesyespartialyesyesyesyesn/an/aThe “Introduction to Investment Property” slide deck is missing, but its 15-minute recording IS present. Ch. 10 §B Impairment is assigned and covered nowhere.
Week 11Ch. 9Intangibles and goodwill: IAS 38, IFRS 3yesyesyesyesmissingmissingn/an/an/aPBL scenario, facilitation deck and sample solution all absent, the only week in 1–11 with no case to practise on. Intangibles Part 3 contains 12.8 min of embedded narration.
Weeks 12–13Ch. 10 + AppendixImpairment of long-term assets IAS 36 · Cash flow capstonemissingmissingmissingmissingmissingmissingmissingmissingmissingNothing exists. Week 12 = Impairment of Long-Term Assets (IAS 36). Week 13 = Cash Flow Capstone. Both were examinable on the comprehensive final.

Study pathThe whole course, in order, from the beginning

Follow the course’s own week sequence rather than the textbook’s chapter order: AFM 291 deliberately teaches Ch. 4 (revenue) before Ch. 3 (subsequent events), and splits Chapters 7, 9 and 10 across several weeks. Note that Chapter 1 is not assigned in this course; the syllabus begins at Chapter 2. Every week follows the same rhythm: set the scope, watch the pre-lecture recordings, work the lecture deck, attempt the PBL case cold, then mark yourself against the sample solution.

1Week 1 · Ch. 2: Conceptual framework and the problem-solving process
  1. AFM 291 Weekly Checklist Week 1 (2).xlsx
  2. AFM 291 S26 Week 1 PBL LEARN (3).pptx, slide 7 is the four-step process
  3. AFM 291 Spring 2026 Week 1 Lecture LEARN (4).pptx
  4. AFM 291 S26 AFM 191 182 Sample Prerequisite Content Questions.pdf, attempt cold
  5. …Sample Solution.pdf

Learn the four-step process here or nothing later lands: Identify the Issue(s) → Guidance to be Applied → Connect to Case Facts → Conclude & Recommend. Every PBL solution and every midterm answer is structured and graded on exactly this.

2Week 2 · Ch. 4, Revenue recognition, the IFRS 15 five-step model
  1. Checklist
  2. AFM 291 Spring 2026 Week 2 LEARN Updated (1).pptx, the annotated 74-slide version
  3. Significant Financing Example.xlsx
  4. AFM 291 S26 Week 2 PBL Clothing Technologies.pdf, cold
  5. Sample Solution

Barnett Corp. is the anchor: $20,000 down + 4 × $40,000 at 9% → PV $129,588.80, revenue $149,588.80, interest income $30,411.20, plus the ASPE straight-line alternative at $7,602.80/yr.

3Week 3 · Ch. 4: Performance over time, warranties, contingencies
  1. Checklist
  2. AFM 291 Spring 2026 Week 3 Lecture Updated LEARN (2).pptx
  3. AFM 291 S26 Week 3 PBL Momentum Fitness.pdf, cold
  4. Sample Solution

The distinction that recurs all term: an assurance warranty is not a separate performance obligation (it is an IAS 37 provision); a service-type extended warranty is. Momentum Fitness tests both in one contract.

4Week 4 · Ch. 4: Long-term and onerous contracts
  1. Checklist
  2. Kennedy Construction Long Term Contract.xlsx, profitable base case
  3. Kennedy Construction LT Contract Onerous Contract.xlsx, loss case
  4. AFM 291 Spring 2026 Week 4 Lecture LEARN Updated.pptx
  5. AFM 291 S26 Week 4 PBL Sun Technology (1).pdf, cold
  6. Sample Solution + Sun Technology.xlsx

Do both Kennedy workbooks before the lecture, the deck assumes them. They are not duplicates: one is the profitable contract, the other the onerous variant carrying a $697,122.30 provision.

5Week 5 · Ch. 3: Subsequent events and accounting changes
  1. Checklist
  2. AFM 291 Spring 2026 Week 5 Lecture LEARN Updated.pptx
  3. AFM 291 S26 Week 5 PBL GreenField Equipment.pdf, cold
  4. Sample Solution
  5. AFM 291 S26 GreenField Equipment.xlsx, the Statement of Changes in Equity exercise, solved nowhere else

Adjusting vs non-adjusting is the most-tested distinction of the first half. Note the syllabus lists contingencies here, but they are actually taught in the Week 4 deck.

Gap to work around: IAS 10, IAS 8, ASPE 3820 and 1506 assigned but not saved. No self-made study set.

6Week 6 · Ch. 6: Inventory
  1. Checklist
  2. Inventory Core Study Document - V4.docx
  3. the two “Without Recording” pre-lecture PDFs
  4. AFM 291 Spring 2026 Week 6 Lecture LEARN Updated (3).pptx
  5. IAS 2.pdf and 3031.pdf
  6. AFM 291 S26 Week 6 PBL Sustainable Fabrics.pdf, cold
  7. Sample Solution + Sustainable Fabrics (2).xlsx
  8. Quick Reference - V4.pdf

Retail Inventory Pricing Method is explicitly not examinable. The trap is fixed overhead at normal capacity: below normal volume the rate does not rise (the idle portion is expensed); above normal volume the rate must fall.

Gap to work around: No PBL facilitation deck. Chapter 5 material sits in the Week 7 folder.

7Week 7 · Ch. 5 & 7, Financial assets, equity investments and receivables
  1. Checklist
  2. Financial Assets Core Study Document - V4.docx
  3. the three “Without Recording” pre-lecture PDFs
  4. AFM 291 Spring 2026 Week 7 Lecture LEARN Updated.pdf
  5. Chapter_5_Cash_and_Receivables_Notes.md, skip §G3 factoring and §G4 securitization
  6. chapter_7_financial_assets_notes.md including §E
  7. AFM 291 S26 Week 7 PBL Birds-Eye View.pdf, cold
  8. Sample Solution + Birds Eye View.xlsx

Three investments, three different answers: 23.5% plus a material supplier relationship → equity method; 0.085% with the irrevocable OCI election → FVOCI with costs capitalised; 0.25% held for trading → FVPL with costs expensed. Traps: total dividend × % vs per-share × shares, and measuring the fair-value adjustment against carrying amount, not price change.

Gap to work around: Ch. 7 §E (debt amortization) is assigned this week but no official file covers it, pull it from chapter_7_financial_assets_notes.md.

8Week 8 · Ch. 7, Financial assets, debt investments and recycling
  1. Checklist
  2. Non-Strategic Debt Investments Classification and Accounting Without Recording.pdf
  3. AFM 291 Spring 2026 Week 8 Lecture LEARN Updated.pdf, use the PDF, it renders the amortization schedule
  4. Financial Assets Core Study Document - V4.docx
  5. afm291_week8_debt_investments_lecture_notes.md: Part B only
  6. AFM 291 S26 Week 8 PBL Tracking Systems.pdf, cold
  7. Sample Solution
  8. Case Application Guide - V4.docx, especially Drill 4

Robson/Hydro One is the anchor: $100,000 face, 4% per-period coupon, 5% market → priced $92,278.27, discount $7,721.73, lifetime interest income $47,721.73. Then run the same bond as FVOCI, then the recycling entry on sale. Recycling is never tested by the PBL, drill it separately from Drill 4.

Gap to work around: No file anywhere contains an impairment journal entry or an ECL computation.

9Week 9 · Ch. 8: Property, plant and equipment
  1. Checklist
  2. PP&E Core Study Document - V4.docx
  3. AFM 291 Spring 2026 Week 9 Lecture LEARN Updated.pdf
  4. the three “Without Recording” pre-lecture PDFs
  5. Cash Flow Statement PP&E.xlsx
  6. AFM 291 S26 Week 9 PBL AceSpin.pdf, cold
  7. Case Application Guide - V4 + Sample Solution
  8. Ch8_PPE_Complete_Study_Guide.md for textbook-only material
  9. Quick Reference - V4.pdf

The best-resourced week in the folder. AceSpin runs deferred-payment PV at 5%, a $3M specific borrowing net of investment income, component depreciation on a 20% roof, and the IAS 23 cut-off: $173,333 capitalized and $114,167 expensed of $287,500 total interest.

10Week 10 · Ch. 9 & 10: Revaluation, investment property, government grants
  1. Checklist
  2. Introduction to Revaluations Without Recording.pptx
  3. Revaluation Non-depreciables.xlsx, then Revaluation Depreciables.xlsx, run both the elimination and proportional sheets
  4. AFM 291 Spring 2026 Week 10 Lecture LEARN.pptx in full
  5. Introduction to Government Grants Without Recording.pptx
  6. AFM 291 S26 Week 10 PBL Landmark.pdf, cold; its Appendix A substitutes for the missing IAS 40 deck
  7. Sample Solution

Elimination is the method the lecture and PBL use; the workbook exists to prove proportional restatement reaches the same carrying amount, income and equity. Increase → OCI unless it reverses a prior P&L decrease; decrease → P&L unless a surplus exists.

Gap to work around: Investment Property slide deck missing (the recording is present). Ch. 10 §B Impairment covered by nothing.

11Week 11 · Ch. 9: Intangibles and goodwill
  1. Checklist
  2. Intangibles Part 1 Without Recording.pptx
  3. Part 2
  4. Part 3, open in slideshow mode with audio: despite the filename it holds 12.8 min of embedded narration
  5. AFM 291 Spring 2026 Week 11 Lecture LEARN.pptx, the Weeks 11 copy

The lecture’s answer tables are blank; they were completed live. Only two examples come pre-solved, the ASPE customer list ($180,000 ÷ 3 = $60,000 amortization) and P9-29 Dudas/Sand goodwill ($6,917,000 − $4,465,000 = $2,452,000). Use those as your worked anchors.

Gap to work around: PBL scenario, facilitation deck and sample solution all missing.

12Week 12 · Ch. 10, Impairment of long-term assets, IAS 36
  1. Nothing exists in the folder.
  2. Source externally: Lo & Fisher Ch. 10 impairment sections, and IAS 36 from the CPA Canada Handbook via Knotia (still reachable through the UW library).

What you need to cover: recoverable amount = the higher of fair value less costs of disposal and value in use; identifying cash-generating units and allocating goodwill to them; the write-down order (goodwill first, then pro rata); and the reversal rules, permitted for other assets, prohibited for goodwill.

Gap to work around: Missing: checklist, both pre-lecture recordings, the lecture deck, the PBL scenario and its sample solution.

13Week 13 · Cash Flow Appendix: Cash flow capstone
  1. Nothing exists in the folder.
  2. Closest substitutes already in your archive: Cash Flow Statement PP&E.xlsx (Week 9), PP&E Cash Flow Without Recording.pdf (Week 9), and the cash-flow sections of the Week 7 and Week 8 decks and PBL solutions.

Those substitutes cover PP&E and financial-asset cash flows under IAS 7 as amended by IFRS 18, most of the mechanics. What they do not give you is the capstone itself: a full statement built end to end.

Gap to work around: Missing: checklist, the recorded lecture video, the capstone examples, and the PBL scenario and solution posted to LEARN.

14Review, Past exam papers, the strongest practice material in the folder
  1. Six complete past papers, each with question paper + blank response booklet + sample solution
  2. Midterm 1: 2024 Canada Snow Removal · 2025 Custom Glass · 2026 MedicAid
  3. Midterm 2: 2024 Re-Box · 2025 Neurovia/Archer · 2026 Canadian Canoes
  4. Work them timed at 90 minutes, using only the Guidance Appendix and a calculator

Read the two “with Marker Comments” solutions first. They name exactly what loses marks: restating the guidance without connecting specific case facts; analysing something the question excluded; concluding a treatment applies and then not writing the journal entry; and producing a full balance sheet when only two balances were asked for.

Gap to work around: No past final exam exists, verified tree-wide. No past paper tests Weeks 10–13.

Full inventoryEvery file, and what to do with it

Filter and search all 264 files. “Archive” means a superseded draft, usually a v1/v2/v3 study document replaced by a V4, or an unannotated lecture deck replaced by the annotated one. Check the note before deleting anything: a few superseded drafts still hold unique content.

WeekFileCategoryMBVerdictNote: why, and what replaces it