XII. Course Descriptions


Department of Business - College of Management and Economics

ACCT*2220 Financial Accounting F,W (3-0) [0.50]
This course is 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*1040, 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*3230 Intermediate Management Accounting W (3-0) [0.50]
This course continues the managerial decision making focus of ACCT*2230. Topics include process costing, transfer pricing, the decision making process, variances and performance measurement.
Prerequisite(s): 1 of ACCT*2230, AGEC*2230, BUS*2230
Equate(s): BUS*3230
Restriction(s): Enrolment may be restricted to particular degrees or programs. See department for more information.
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*3330 Intermediate Financial Accounting I W (3-0) [0.50]
This course presents a critical evaluation of accounting concepts, principles and practices in relation to both the traditional and current value accounting measurement models. Emphasis will be on the effect of alternative accounting practices and measurement models on income determination and asset valuation.
Prerequisite(s): 1 of ACCT*2220, AGEC*2220, BUS*2220
Equate(s): AGEC*3330, BUS*3330
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*4270 Auditing II F (3-0) [0.50]
This course considers a number of advanced topics concerning both the auditor and audit techniques within the context of public accounting. It builds on the knowledge of the audit task derived in Auditing I - BUS*3280 as well as the depth and breadth of knowledge gained in ACCT*3330 and ACCT*3340.
Prerequisite(s): ACCT*3280 or BUS*3280
Equate(s): BUS*4270
ACCT*4290 Auditing III W (3-0) [0.50]
This course introduces the student to the field of auditing within the field of Electronic Data Processing(EDP).
Prerequisite(s): ACCT*4270 or BUS*4270
Equate(s): BUS*4290
ACCT*4340 Accounting Theory W (3-0) [0.50]
This course will draw on accounting research, primarily empirical research. Rather than covering specific GAAP rules, the course will focus on how investors react to GAAP rules, why financial information is important, and how its use/misuse affects investor decision making and management behaviour. The course is thus about accounting, instead of about how to apply accounting standards.
Prerequisite(s): ACCT*4220
Restriction(s): ACCT*4240
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
ACCT*4440 Integrated Cases in Accounting W (3-0) [0.50]
This course will help students develop an analytical approach to analyzing accounting problems and improve professional judgement. Students will apply previously-gained technical knowledge of accounting, tax, assurance, finance, and corporate governance to various financial reporting and advisory problems and scenarios. They will develop an enhanced understanding of the impact of user and preparer objectives on the selection of accounting policies, and accounting estimates in an environment of some uncertainty.
Prerequisite(s): ACCT*4220
Restriction(s): ACCT*4240
University of Guelph
50 Stone Road East
Guelph, Ontario, N1G 2W1