uwloo

AFM 102Introduction to Managerial Accounting

Units
0.50
Faculty
Arts
Subject
Accounting and Financial Management

When it runs

  1. F24
  2. W25
  3. S25
  4. F25
  5. W26
  6. S26
  7. F26
  8. W27
  9. S27

Ran in 7 of the last 7 terms. Winter 2027: scheduled, 2 lecture sections. Spring 2027: schedule not out yet.

This course is an introduction to the preparation and use of accounting information for management decision-making and reporting. Cost behaviour, cost accumulation systems, and short- and long-term decision models are discussed.

Prerequisites

  • Complete 1 of the following
    • Must have completed at least 1 of the following:
      • AFM101 - Introduction to Financial Accounting (0.50)
      • AFM191 - Introduction to Financial Reporting and Managerial Decision Making 1 (0.50)
    • Must have completed at least 1 of the following:

Antirequisites

  • Complete all of the following
    • Not completed nor concurrently enrolled in any of the following:
      • AFM123 - Accounting Information for Managers (0.50)
      • AFM182 - Introduction to Financial Reporting and Managerial Decision Making 2 (0.50)
      • ARBUS102 - Accounting Information for Managers (0.50)
    • Not completed nor concurrently enrolled in:

Leads to

Winter 2027 sections

Enrolment from UW Open Data, which can trail Quest by up to two days. Instructors and rooms: Schedule of Classes.
SectionClassEnrolledMeets
LEC 08131600 / 200Online or by arrangement
LEC 701117199 / 9999Online or by arrangement

Reviewed on UW Flow

58% liked it68% easy73% useful

From 271 ratings and 46 comments on UW Flow. The most helpful comments, quoted as written, without names. Read them all on UW Flow.

  • easier than afm101

    May 2026 · liked itOn UW FlowRemove this

  • easy if u read modules

    Nov 2025 · liked itOn UW FlowRemove this

  • Weekly assignments on McGrill, 2 attempts each, final weekly assignment grade takes the average grade of the 2 attempts. Each attempt got 2 check my answer chances, which means you may re-do one question up to 4 times.
    Some accounting charts are not coherent between McGrill and the coursework/Unit Tests. However, open book unit tests made it way easier.
    Useful knowledge for financial analysis. Used what just learnt in this course in the successive work term directly.

    May 2025 · liked itOn UW FlowRemove this

  • Pretty boring like all accounting courses but content makes sense and the course is well structured

    Apr 2025 · liked itOn UW FlowRemove this

  • Online, easier than AFM 101, can realistically get high 90 grade if you put the time and effort into every quiz and test (also cause worst quiz (out of 11 I think) and unit test (out of 4) dropped), quizzes you get like three attempts to perfect and tests take questions from quizzes basically

    Aug 2024 · liked itOn UW FlowRemove this

Discussed on r/uwaterloo

188 posts and comments in 153 threads mention AFM 102, June 2012 to December 2024. Quoted word for word, newest first; each reply sits under the post and the comment that started its branch. Search r/uwaterloo for newer posts.

Spring 2024

Winter 2024

Time management in 2A Math 8 points, 3 comments

“Hi fellow reditters, I am currently going into my 2A and I am taking Math 235, Math 237, Stat 230, Actsci 231 and AFM 101. …”

u/silverstraws: “I took math 237, stat 230, actsci 231, afm 102, and another business course during my 2A term (fall 23) on the co-op search while also being an actsci club junior exec. …”

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Bird AFM courses help 1 point, 1 comment

“I need some bird AFM courses. Based on my projected grades, I need to get a 90 to raise my MAV enough to graduate. I'm already delaying my graduation date, so can anyone recommend any easy courses?”

u/Live-Orchid-4180: “Afm 101, 102, 131, 132”

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Fall 2023

Spring 2023

AFM y1 textbooks/course material 3 points, 4 comments

u/Bobcat_77_: “Does anyone know what textbooks are used in AFM 101, 111, 112, 132, 102, 121 and ECON 101, STAT 211, and SPCOM 111, or have downloaded course material from any of these courses?”

u/alexo1119alex: “… AFM 101/102 - I'm pretty sure if you're in AFM you will actually have AFM 191/182 on your schedule instead. The textbooks for these courses you had to buy on tophat, and there were also tophat questions and stuff. …”

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Math - First year electives 3 points, 7 comments

“Hello! I have to select courses for my first year - I will be studying mathematics with co-op and looking forward to major in statistics in second year - and I need some advice from upper year …”

u/OutrageousRisk1299: “… You want to learn some accounting: AFM101 then possibly AFM102”

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How can I take all the first year required courses for Mathematical Finance? 7 points, 8 comments

“I was looking over the mathematical finance major route and as a first year Honours Mathematics student how would it be possible to take all the required first year courses given that I already have …”

u/Bid_Queasy: “1A: MATH 145, MATH 147, CS 145, COMM 101, ENGL 109 1B: MATH 146, MATH 148, STAT 230, CS 136, ECON 101, ENGL 108D 2A: MATH 245, MATH 247, STAT 231, ECON 102, ECON 201, ACTSC 231”

u/Many-Two-2507: “… I saw on the undergraduate calendar that you also need to take AFM 101, AFM 102, AFM 131, so should I attempt to include those in my 1B and 2A terms or in future terms?”

u/Bid_Queasy: “You need to take all of them: AFM 101, 102, 131, ECON 101, 102, 201.”

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Winter 2023

Fall 2022

Bird AFM COURSES 2 points, 4 comments

“Hey guys, I really need to boost my MAV so if anyone knows any bird AFM courses that are easy 90s I would really appreciate it they dropped the course code down in the comments.”

u/Forward-Sprinkles165: “What year are you though? Afm 101 afm 102 afm 131 afm231 all light”

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Check it elsewhere for Fall 2026

Calendar versions

Undergraduate Calendar