Accounting/Taxation (AC) |
CREDITS |
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AC |
130 |
Accounting I |
3 |
AC 130 and AC 230 introduce the concepts and applications of financial accounting. Topics in AC 130 - Accounting I include accounting concepts and principles, the recording process, preparing financial statements, internal control, cash and receivables. Prerequisite: Grade 12 math or equivalent. |
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AC |
201 |
Payroll Administration |
3 |
This is an introductory course in payroll. Topics include employment standards, designation of individuals as employees or contractors, record keeping requirements, payroll calculations, taxable and non-taxable benefits, payroll journal entries, reporting requirements, and employee termination. Prerequisite: AC 130. |
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AC |
230 |
Accounting II |
3 |
AC230 is a continuation of AC130. Topics included in AC230 - Accounting II are: inventories; capital assets; current liabilities; owner's equity in partnerships and corporations; analyzing financial statements; and the statement of cash flows. Emphasis is placed on problem solving and application of financial accounting to real life situations. It also provides students with experience in maintaining a manual accounting system. Prerequisite: AC 130. |
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AC |
235 |
Computerized Accounting |
3 |
This is an introductory course in computerized accounting. The student gains experience using Sage 50 Accounting and through it a basic knowledge of a fully integrated Windows based accounting system. The modules of the software to be explored include the General Ledger, Accounts Receivable, Accounts Payable, Payroll, Inventory & Services, and Project. Prerequisite: AC 130. |
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AC |
260 |
Introduction to Taxation |
3 |
This course is a study of current tax legislation as it relates to individuals. Students gain the knowledge needed to prepare personal income tax returns. Topics include the determination of various income sources, tax deductions, and tax credits used in calculating the tax liability of individuals. Prerequisite: AC 130. |
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AC |
356 |
Strategic & Competitive Analysis |
3 |
Accounting 356 - Strategic and Competitive Analysis stresses the need for strategic thinking in management. This course provides insight to the analysis of competitors, potential competitors, and opportunities that are presented in the competitive environment. This course explores the specific areas of strategic cost management with its emphasis on cost drivers, the value chain, and strategic use of activity-based management. Prerequisite: MA 201. |
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AC |
370 |
Auditing Principles |
3 |
Students are introduced to the principles, concepts and procedures applicable to both internal and external auditing. Topics include reporting, professional standards, ethics, legal liability, audit objectives, audit evidence, planning and analysis, materiality and risk, internal control and audit sampling. Students will also have the opportunity to apply the audit process to areas such as the revenue cycle, purchases and payables cycle, and inventory and payroll cycles. Prerequisites: AC 541, BA 640 and MA 201. |
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AC |
390 |
Advanced Financial Accounting |
3 |
AC390 examines advanced accounting concepts and techniques with regard to investment in equity securities, business combinations, the preparation of consolidated financial statements and the topics of foreign currency transactions, foreign investments, and not-for-profit organizations. It meets the requirements of Chartered Professional Accountants of Canada (CPA) with respect to advanced financial accounting. Prerequisite: AC 541 and BA 540. |
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AC |
441 |
Intermediate Accounting I |
3 |
Theoretical aspects of accounting are studied in-depth. Topics emphasize external financial reporting standards and the underlying accounting assumptions, concepts and principles pertaining to the accounting model. The course content includes accounting for operational assets, deferred and intangible assets, and long term intercorporate investments. Prerequisite: AC 230. |
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AC |
444 |
Management Accounting |
3 |
The course looks at accounting data through the eyes of those who must use it in planning, in controlling operations and in making the many decisions involved in the management of an enterprise. Topics include cost, cost behaviours, cost relevance, budgeting, flexible budgeting, and capital budgeting. Prerequisite: AC 230. |
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AC |
541 |
Intermediate Accounting II |
3 |
This course is an in-depth study of accounting and reporting of long term liabilities and corporation equities. It also deals with the implications of taxation, leases, pensions, and financial statement analysis. Prerequisite: AC 441. |
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AC |
544 |
Cost Accounting |
3 |
Cost accounting concentrates on the process of cost determination, recording, analysis, and reporting. Cost accounting presents information on the costs of products, services, and company departments. Cost accounting is a part of, and supports both the financial and managerial reporting activities. Topics include job-order and process costing; standard costs: material, labour and overhead; direct costing; and activity-based costing system. Prerequisite: AC 444. |
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