RSM 220 at U of T: Is It Hard + What’s on the Midterm
Course Guide · UofT Rotman
RSM 220 at U of T: Is It Hard?
RSM 220 (Intermediate Financial Accounting I) is the Year 2 step up from RSM 219 at Rotman Commerce. The calendar calls it the foundations of financial reporting and analysis in Canada, covered at an intermediate level — both conceptual and technical. It is the asset-side intermediate course.
What RSM 220 covers
Grade breakdown
Winter 2026 outline · variesWhat’s on the midterm
Test 1 typically covers the framework through revenue recognition and receivables — and revenue recognition is the concept students most often underestimate. Two tests plus a case assignment carry most of the grade, so don’t let WileyPLUS be your only practice.
How to pass RSM 220
- Go beyond WileyPLUS — rework problems untimed, then timed.
- Nail revenue recognition & PP&E before Test 1.
- Treat the case as a judgment exercise — not a formatting one.
FAQ
Is RSM 220 hard?
It is a clear jump from RSM 219 — more volume and more judgment — but very passable if you keep pace with the tutorials.
What’s the difference between RSM 220 and RSM 221?
RSM 220 is the asset side; RSM 221 is the liabilities/equity side, with an emphasis on quality of earnings.
What textbook does it use?
Kieso Intermediate Accounting (Vol. 1) on WileyPLUS.
Stuck on RSM 220?
We tutor it around Test 1 and the case — targeting revenue recognition and PP&E.
Book a session →Related: Intermediate Accounting guide · RSM 219 · RSM 221
