RSM 219 at U of T: What’s on the Midterm + How to Pass
Course Guide · U of T Rotman Commerce
RSM 219 at U of T: What’s on the Midterm + How to Pass
RSM 219 (Introduction to Financial Accounting) is manageable, but it moves fast. The midterm is worth 25% and covers the first five weeks — and unlike most intro courses, RSM 219 teaches the cash flow statement and financial-statement analysis before that midterm, so students are reading statements before they’ve drilled the journal entries. That’s where early marks slip.
Where your grade comes from
The 12-week map (and the early spike)
On the midterm classes 1–5
- Introducing financial accounting
- The conceptual framework
- Analysing basic transactions & events
- The cash flow statement
- Analysing & interpreting financial statements
An aid sheet is allowed — but it only helps if you’ve practised the calculations first.
Why students find RSM 219 hard
It isn’t the difficulty of any single topic — it’s the pace and the order. Statement analysis arrives before you’re fluent in the mechanics, weekly assignments stack up (best 8 of ~11 count), and the 40% final is cumulative, so nothing you skip in September stays buried. The textbook (Wong, Hanlon, Magee & Pfeiffer, Financial Accounting using IFRS) is solid but dense.
How Tutorly helps with RSM 219
We tutor RSM 219 to its actual structure: drilling the cash flow statement and ratio analysis before your midterm, working real exam-style problems instead of re-reading the chapter, and helping your team pull together the financial-statement analysis project. Whether you want a standing weekly slot or a focused session before the midterm, we map it to where your marks are.
Frequently asked questions
Is RSM 219 hard?
It’s moderate — most students find the pace and the early statement-analysis material harder than the bookkeeping. Steady weekly practice keeps it manageable.
What’s on the RSM 219 midterm?
The first five weeks: intro concepts, the conceptual framework, basic transactions, the cash flow statement, and financial-statement analysis. It’s worth 25% and an aid sheet is allowed.
What textbook does RSM 219 use?
Wong, Hanlon, Magee & Pfeiffer, Financial Accounting using IFRS (Cambridge Business Publishers), with online assignments.
How should I study for it?
Do problems, not just readings — and start the cash flow statement early, since it appears before the midterm. Build your aid sheet as you practise.
Taking RSM 219 this term?
Get 1-on-1 or small-group tutoring from a tutor who knows exactly how this course is structured and tested.
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