Course Descriptions
Accounting
ACCT 100 (3) Financial Accounting I
An introduction, from a user perspective to the principles and procedures of financial accounting. Topics include the conceptual framework, the accounting equation, double-entry bookkeeping, the accounting cycle, an introduction to Generally Accepted Accounting Principles, and financial statement preparation and interpretation. (3:0:0)
Prerequisite: Min. "C+" in one of Principles of Mathematics 11, Applications of Mathematics 11, or Foundations of Mathematics 11, and min. "C" in English 12.
ACCT 101 (3) Accounting for Non-Financial Managers
An overview of the accounting cycle for a service and a merchandizing entity. Additional topics include accounting for cash and payroll accounting. Accounting software will be used to prepare financial information. Credit will only be granted for one of ACCT 100 or ACCT 101. (2:0:1)
Prerequisite: Either competency in computer use (see BBA Program for details) or QUME 185.
ACCT 201 (3) Financial Accounting II
Intended for students who plan to pursue further accounting or finance courses. Provides additional depth to the concepts introduced in ACCT 100 and utilizes a computerized business simulation. CA, CGA, and CMA transfer available. (3:0:1)
Prerequisite: Min. "C+" in each of ACCT 100 and FNCE 130, and either competency in computer use (see BBA Program for details) or QUME 185.
ACCT 217 (3) Taxation I
An introduction to the principles and practices of Canadian taxation. This course provides a basic understanding of the Canadian Income Tax Act and its implications in relation to the individual. CA, CGA, and CMA transfer available in conjunction with ACCT 317. (3:0:0)
Prerequisite: Min. "C+" in ACCT 201.
ACCT 294 (3) Intro to Cost and Managerial Accounting
An introduction to cost/volume/profit relationships, manufacturing costs, relevant costs in decision making, master budget, flexible budget, responsibility accounting, job cost and process cost systems, and direct vs. absorption costing. CGA and CMA transfer available. Credit will only be granted for one of ACCT 260 or ACCT 294. (4:0:0)
Prerequisite: ACCT 100, FNCE 130, and either competency in computer use (see BBA program for details) or QUME 185.
ACCT 317 (3) Taxation II
An introduction to the principles and practices of Canadian taxation. Topics include a basic understanding of the Canadian Income Tax Act and its implications in relation to corporations and shareholders, partnerships, trusts and international taxation. CA, CGA, and CMA transfer available in conjunction with ACCT 217. (3:0:0)
Prerequisite: Min. "C+" in ACCT 217.
ACCT 330 (3) Financial Reporting and Analysis
A survey of financial statements through the use of case studies. Topics include Canadian and international financial reporting concepts and standards, the use of critical thinking to determine a firm's financial health, and specific reporting problems faced by specialized entities. (3:0:0)
Prerequisite: Min. "C+" in each of ACCT 100 and ACCT 294.
ACCT 335 (3) Intermediate Accounting: Assets
Intermediate financial accounting for students in the accounting option of the Business Management program and for students pursuing a professional accounting designation. Topics include a review of accounting principles, the accounting cycle, standard financial statements, detailed analysis of current and long term assets both tangible and intangible. CGA, CMA, CA transfer available. (3:0:0)
Prerequisite: Min. "C+" in ACCT 201.
ACCT 336 (3) Intermediate Accounting: Liabilities and Owners' Equity
Intermediate financial accounting for students in the accounting option of the Business Management program and for students pursuing a professional accounting designation. Topics include a review of accounting principles, the owner's equity section of a corporate balance sheet, current and long term liabilities and analysis of financial statements, pension, leases, cash flow statement preparation. CGA, CMA, CA transfer available. (3:0:0)
Prerequisite: Min. "C+" in ACCT 201.
ACCT 340 (3) Not-For-Profit Accounting
An examination of accounting, planning, and control for not-for-profit organizations. Topics include characteristics of not-for-profit organizations, financial statements, full cost accounting, the control environment, planning and program analysis, budgeting, and program evaluation. (3:0:0)
Prerequisite: ACCT 100 and ACCT 294.
ACCT 350 (3) Fraud Awareness, Prevention, and Detection
An exploration of commercial crime and business fraud deterrence, prevention, and detection. Topics include fraud psychology, vulnerability to fraud, money laundering, internet fraud, corporate and personal identity theft, and financial statement and banking fraud. This course is recognized by the Association of Certified Forensic Investigators of Canada. ACCT 350 was formerly called ACCT 450; credit will not be granted for both courses. (3:0:0)
Prerequisite: Third-year standing.
ACCT 362 (3) Cost and Managerial Accounting II
Topics include a detailed study of standard costing systems and variance analysis, managerial decision making and performance evaluation. Microcomputer applications are an integral component of the course. CGA, CMA, CA transfer available. (3:0:0)
Prerequisite: ACCT 294.
ACCT 390 (3) Selected Topics in Accounting
A study of selected topics of current interest in accounting. Students interested in this course should consult the Department Chair regarding when this course is to be offered and what substantive areas are to be studied. (3:0:0)
Prerequisite: ACCT 201 and ACCT 294.
ACCT 399 (3) Special Topics in Accounting/Assurance (Field School)
An investigation of accounting and assurance issues unique to a specific country/geographic area normally delivered through a field school. Topics include comparative discussions of GAAP, financial statement analysis, market reporting, and oversight functions. (5:10:0 for 3 weeks)
Prerequisite: ACCT 100 and ACCT 294.
ACCT 410 (3) Principles of Auditing
An introduction to principles of external audit. Topics include types of assurance engagements; the ethical/legal environment; audit planning; internal control assessment; and audit techniques. Also addressed are current developments in computers and comprehensive auditing. Effective communication of assurance results are emphasized. CA, CGA, CMA transfer available. (3:0:0)
Prerequisite: ACCT 335 and ACCT 336.
ACCT 421 (3) Accounting Theory
An exploration and description of the various theories that determine generally accepted accounting principles and the consequences on financial accounting and reporting. An examination of the relevance of these theories and the impact of theories on financial accounting and reporting. CA, CGA, and CMA transfer available. (3:0:0)
Prerequisite: ACCT 335 and ACCT 336.
ACCT 435 (3) Advanced Financial Accounting
An in-depth study of intercorporate investment and consolidated statements; foreign currency translation and the consolidation of foreign operations; income tax allocation; accounting for not-for-profit organizations; and changes in the price level. CA, CGA, and CMA transfer available. (3:0:0)
Prerequisite: ACCT 335 and ACCT 336.