Accounting
Principles of Accounting I
Students will learn the theory and practice of recording and reporting financial events for service and merchandising businesses, with consideration of accounting for property owned by businesses.
Business Mathematics
Students will learn methods and procedures of business mathematics, including the mathematics of merchandising, interests, annuities and investment decisions.
Prerequisites - No longer required. Effective September 2003
Accounting for Managers
This course will introduce the basic concepts of financial and managerial accounting. The student will be provided with planning, budgeting, and decision-making techniques from a financial prospective. (The course is intended for students who do not plan to pursue a career in Accounting.)
Principles of Accounting II
Students will learn the examination of the balance sheet commenced in Accounting 1110, with an emphasis on liabilities and capital structure. They will complete the examination of the key financial statements required for external reporting.
Business Statistics
Students will learn several statistical concepts, methods and procedures used in business, including frequency distributions, probability theory, sampling, estimation, hypothesis testing, linear regression and decision theory. Microcomputer application will form part of this course. Students will be expected to know, or to acquire on their own, basic Excel skills.
Intro. to Financial Accounting
Students will learn generally accepted accounting principles, the accounting cycle, capital and income measurement, financial statement preparation and analysis with emphasis on reporting to shareholders, creditors and other external decision-makers.
Intermediate Financial Accounting I
Students will examine accounting theory and current Canadian practice in the measurement, recording and reporting of financial information, with emphasis on the accounting for assets.
Introductory Management Accounting
Students will study a variety of management accounting topics including use of internal accounting information for decision making, cost terms and concepts, alternative costing systems, cost/volume/profit relationships, budgeting and profit planning, relevant costing, standard costing, variable costing, variance analysis, segment reporting and transfer pricing.
Taxation
Students will learn to calculate taxable income and taxes payable for both individuals and corporations. They will also review selected specialized topics in taxation such as Goods and Services Tax (GST), trusts and estates.
Computer Modeling for Managers
Students will build a complete Proforma Financial Planning and Valuation Model using spreadsheet technology. They will prepare a complete set of Financial Statements using an Accounting Software Package and Simulation Case. Case studies will be used to practice data warehousing and data mining using the Internet and a Data Mining Software System.
Managerial Finance
Students will obtain an understanding of the role and function of financial management, valuation of investments, capital budgeting, cost of capital, capital structure, dividend policy, long-term sources of funds, short and intermediate term financing, working capital management, mergers and consolidations, financial analysis, planning and control.
Intermediate Accounting II
Students will examine accounting theory and current Canadian practice in the measurement, recording and reporting of financial information with emphasis on the accounting for liabilities and owners' equity.
Note: For graduation purposes:
Advanced Management Accounting
Students will study a variety of management accounting topics including flexible budgets, standard costs, variance analysis and investigation decisions, cost behavior, cost allocation. Topics also covered are: linear programming, joint products and by-products, special issues of process costing, alternative inventory models, pricing theory and strategies, and decentralization and transfer pricing. In addition, the course will cover the quality, operations costing, backflush costing, statistical analysis and linear models as well as selected current issues.
Auditing
Students will study auditing principles and internal control Topics covered include audit reporting, auditing standards, techniques and procedures. They will compare and contrast the independent and internal audit functions.
New Prerequisites effective Spring 2004
Discontinued: effective Sept. 2004
Auditing 2
Advanced Financial Accounting
Students will study the current issues in Financial Reporting, Intercorporate Investments and Business Combinations, Foreign Operations, Not-for-Profit Organizations, Interim Reports, Segmented Information, Partnerships and Joint Ventures.
ACCT 3510 cr-6
Intermediate Financial Accounting
Students will examine accounting theory and current Canadian practice in the measurement, recording, and reporting of financial information.
Note: For graduation purposes:
A maximum of 6 credits can be obtained for any combination of ACCT 3310,
3410 and
3510.
ACCT 3520 cr-6
Management Accounting I & II
Students will study a variety of management accounting topics including cost terms and concepts, cost-volume-profit relationships, job-costing, budgeting, variance analysis, alternative costing methods, understanding how costs behave, relevant costing, linear programming, pricing decisions, balanced scorecard, and cost allocation. They will also study joint products and by-products, process costing, quality and time issues, inventory management, and decentralization and transfer pricing.
Prerequisites: ACCT 1210 or 2293
Not for Profit Financial Management
Students will study accounting and management for not-for-profit organizations. They will learn about stewardship and accountability of resources, fund accounting, financial reporting, management accounting, evaluating volunteer resources, fundraising, performance measurement of the organization's goals and objectives and the Societies Act.
Financial Statement Presentation and Analysis
Students will learn to prepare a set of financial statements, including proper note disclosure acceptable for publication according to generally accepted accounting principles. They will analyze and evaluate financial statements in the form of published annual reports, with special emphasis on different industry-specific presentation and disclosure styles. Students will study differences in international accounting standards.
International Issues for Financial Managers
Students will study specific topics in international financial management. They will learn now to manage foreign currency exposure and capital budgeting in a multinational environment.
Forensic Accounting
Students will complete an overview of the theories of forensic accounting and the tools used in forensic investigation. They will learn how to analyze, interpret, summarize and present financial-related issues in a way that is both understandable and properly supported, with a focus on the private sector.
Accounting Theory
Students will learn advanced accounting and will study the practical and theoretical problems of the present value model, foreign exchange accounting, standard setting and agency theory. They will examine the contributions of economics, finance and other disciplines to accounting theory, and will evaluate current issues and problems in the field.
Implementation: Jan. 2004
Taxation 2
Students will learn to calculate taxable income and taxes payable, Goods and Services Tax (GST), as well as tax planning techniques for both individuals and corporations, using a well-known computerized application. They will also review selected specialized topics in taxation such as trusts, estates, corporate reorganizations and multi-corporation structures to identify situations that could result in tax savings.
Implmentation: Sept. 2004
ACCT 4445 (formerly ACCT 3445) cr-3
Auditing 2
Students will learn how to prepare an audit file and financial statements using a computerized application. They will study current and advanced issues affecting the auditing profession, including the public's expectation of audits and various types of engagement.
ACCT 4720 cr-3
Advanced Managerial Accounting
Students will utilize advanced managerial accounting theories to make decisions in simulated and actual business situations. They will explore various strategies in developing the design and measurement of cost management systems through case analysis and/or projects.
Advanced Managerial Finance
Student will learn current financial management theories along with the technical skills necessary to maximize the economic value of the firm for its shareholders. They will learn how to identify, define, and resolve the issues, problems and challenges faced by financial managers in today's complex financial environment.
Prerequisite change effective: Jan. 2004
