COMM 321Intermediate Accounting for Finance

Units: 0.50
Faculty: Mathematics
Subject: Commerce

When it runs

Ran in 5 of the last 7 terms. Winter 2027: scheduled, 2 lecture sections. Spring 2027: schedule not out yet.

This intermediate level accounting course will focus on the usage of financial information from a management perspective.

Prerequisites

Complete all of the following
- Complete 1 of the following
  - Must have completed the following:
    - AFM101 - Introduction to Financial Accounting (0.50)
  - Must have completed 1 of the following:
    - BUS127W
    - BUS227W
- Enrolled in H-Math/FARM - Chartered Financial Analyst Spec, or H-Math/FARM - Professional Risk Management Spec

Antirequisites

Complete all of the following
- Not completed nor concurrently enrolled in any of the following:
  - AFM291 - Intermediate Financial Accounting 1 (0.50)
- Not completed nor concurrently enrolled in:
  - BUS387W

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.
Section	Class	Enrolled	Meets
LEC 001	5804	0 / 96	MW 10:00–11:20
LEC 701	2285	32 / 9999	Online or by arrangement

Reviewed on UW Flow

50% liked it35% easy68% useful

From 18 ratings and 6 comments on UW Flow. The most helpful comments, quoted as written, without names. Read them all on UW Flow.

took it with PBlake, always gave real life examples, not just made up stuff in a book. His notes were great, made it easy to understand.

Feb 2024 · liked it · 1 found this helpfulOn UW Flow Remove this
Highly recommended course for those who want to work in IB or Valuations role. Course is tough but provides great insights into how financial statements are actually prepared. Amount of material you would have to remember is a lot. Peter Blake's classes are boring but a bit useful for understanding his notes. Class average was in low 60's for midterm. Also includes one group presentation which was great to work in.

Aug 2023 · liked it · 1 found this helpfulOn UW Flow Remove this
Extremely boring and hard to read course materials. Both course notes and the textbook are poorly organized, hard to follow, they just throw thousands of words at you and expect you to understand with very little instructions. I enjoyed AFM101 and AFM 102 a lot, but this course disgusts me.

Aug 2021 · didn’t like it · 1 found this helpfulOn UW Flow Remove this
Quite an important course. Easier if you have done some finance jobs dealing with fiscal statements. One may expect to be asked questions from this course in a finance interview. The ppts were boring, and the in-class quiz was a bit annoying. Concepts are hard to learn but you've gotta master them. Would be great to have had more examples with numbers printed on the slides.

Jun 2026 · liked itOn UW Flow Remove this
Pretty standard accounting course, a fair amount of memorization, but if you did well in AFM 101 you should do well here too. Peter can be a bit monotonous, but he definitely knows his stuff.

Nov 2022 · liked itOn UW Flow Remove this

Check it elsewhere for Fall 2026

Undergraduate Calendar, 2026–27The official entry
Requirements for Fall 2026Waterloo’s requisite checker
Schedule of Classes, Fall 2026Instructors, rooms, live seats
Quest Class SearchWhere you enrol
Course outlinesSyllabi from past terms (UW login)
UW FlowStudent ratings and reviews
WClassesPast sections back to 2004, and who taught them