XII. Course Descriptions
Accounting
Department of Business - College of Management and Economics
| ACCT*2220 Financial Accounting F,W (3-0) [0.50] |
| An introductory course designed to develop an understanding of current accounting principles and their implication for published
financial reports of business enterprises. The course approaches the subject from the view of the user of accounting information
rather than that of a person who supplies the information. (Also offered through Distance Education format.)
|
| Prerequisite(s): |
1 of ECON*1050, ECON*1100, ENGG*3240, FARE*1400 |
| Restriction(s): |
Priority Access course. Enrolment may be restricted to particular programs or specializations. See department for more information. |
| ACCT*2230 Management Accounting F,W (3-0) [0.50] |
| This course emphasizes the use of accounting information to facilitate effective management decisions. Topics include cost
determination, cost control and analysis, budgeting, profit-volume analysis and capital investment analysis.
|
| Prerequisite(s): |
1 of ACCT*2220, AGEC*2220, BUS*2220 |
| Equate(s): |
AGEC*2230, BUS*2230 |
| Restriction(s): |
Priority Access course. Enrolment may be restricted to particular programs or specializations. See department for more information. |
| ACCT*2240 Applied Financial Accounting F (3-0) [0.50] |
| In this course students will learn to apply the fundamental principles emanating from accounting’s conceptual framework and
undertake the practice of financial accounting. Students will become adept at performing the functions related to each step
in the accounting cycle up to and including the preparation of the financial statements and client reports through a semester-long
business simulation. Additionally, students will develop the skills necessary for assessing an organization’s system of internal
control and financial condition.
|
| Prerequisite(s): |
ACCT*2220 or BUS*2220 |
| Equate(s): |
BUS*2240 |
| ACCT*3280 Auditing I F (3-0) [0.50] |
| Auditing I is an examination of the principles and theory underlying the practice of auditing. Concepts of materiality and
audit risk are examined and discussed. Sources and techniques for gathering auditing evidence will also be examined. Modern
organizations rely on information systems, technology and internal controls to manage and monitor their operations and the
impact of these systems on the quality of information produced and on the scope of audits are important elements of this course.
|
| Prerequisite(s): |
ACCT*3330 or BUS*3330 |
| Equate(s): |
BUS*3280 |
| Restriction(s): |
BUS*4280 |
| ACCT*3340 Intermediate Financial Accounting II F (3-0) [0.50] |
| This course will build on the foundation in financial accounting concepts and principles gained in ACCT*3330. The focus is on how entities account for current and non-current liabilities and equity accounts, including, income taxes,
leases, pensions and other post retirement benefits, share equity and retained earnings, stock options. Additional topics
may include earnings per share, restatements and statement analysis.
|
| Prerequisite(s): |
ACCT*3330 or BUS*3330 |
| Equate(s): |
BUS*3340 |
| ACCT*3350 Taxation F (3-0) [0.50] |
| The fundamentals of the tax system as it applies to all taxpayers will be the focus of the first half of the course. The second
half will develop forms of business organizations from a tax perspective. Basic tax planning techniques which attempt to maximize
the cash flows and returns on investments will then be studied. The emphasis in the course is on business decision making.
A review of personal financial planning and investment decisions will also be included.
|
| Prerequisite(s): |
(BUS*3320 or MGMT*3320), (ACCT*3330 or BUS*3330)
|
| Equate(s): |
BUS*3350 |
| Restriction(s): |
Enrolment may be restricted to particular degrees or programs. See the department for more information. |
| ACCT*4220 Advanced Financial Accounting F (3-0) [0.50] |
| This course is a critical evaluation of issues and problems associated with business combinations, long-term intercorporate
investments, foreign operations and accounting for not-for-profit organizations. There is a strong emphasis on applying this
body of knowledge through practical problems.
|
| Prerequisite(s): |
(ACCT*3330 or BUS*3330), (ACCT*3340 or BUS*3340)
|
| Equate(s): |
BUS*4220 |
| Restriction(s): |
Enrolment may be restricted to particular degrees or programs. See the department for more information. |
| ACCT*4230 Advanced Management Accounting W (3-0) [0.50] |
| This course provides advanced coverage of management accounting concepts and the application of management accounting information
for managerial decision-making. This course extends the concepts covered in intermediate management accounting and also integrates
pertinent situational problems from other functional areas of enterprises such as global trade and process controls.
|
| Prerequisite(s): |
ACCT*3230 or BUS*3230 |
| Equate(s): |
BUS*4230 |
| Restriction(s): |
Enrolment may be restricted to particular degrees or programs. See the department for more information. |
| ACCT*4350 Income Taxation II F (3-0) [0.50] |
| An intensive study of the Canadian Income Tax Act and related statutes, this course will focus on the application to the taxation
of individuals, partnerships and corporations. A strong emphasis will be placed on compliance and tax planning.
|
| Prerequisite(s): |
ACCT*3350 or BUS*3350 |
| Equate(s): |
BUS*4350 |
