Business Accounting

Introductory Accounting is intended to provide an overview of financial accounting. Canadian generally accepted accounting principles are used as the foundation to complete the accounting cycle, perform the adjusting process and prepare financial statements for both service and merchandising entities. Additional topics also include payroll, petty cash and bank reconciliations.

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This is an introductory computer course that familiarizes students with the functionality of internal college systems and the current version of Microsoft Word, Excel, and PowerPoint.  It also explores theory and concepts of computer hardware and software, with a hands-on introduction to the Windows operating system, file management techniques, and Internet browsers. This course allows students to navigate through the software applications and learn how to create effective documents, spreadsheets and presentations.

The purpose of this course is to prepare students to be successful in business and financial mathematics. This course emphasizes the development of business-related numeracy and algebraic skills. Topics covered include order of operations, percentages/fractions/ratios, exponents, logarithms, algebra, linear equations, linear systems, linear inequalities, and simple and compound interest. These topics are applied to business concerns such as taxation, allocation, currency conversion and the consumer price index. Graphical optimization to maximize profit and minimize costs is addressed. 

This course offers an opportunity to explore a variety of business careers and to engage with business professionals. It provides insight into workplace expectations, future employment trends and focuses on the essential employability skills. Activities and sessions are designed to enhance student attributes as well to aid in making a realistic assessment of the many opportunities available upon graduation and how to prepare for them. Course activities primarily involve independent learning opportunities.

Macroeconomics introduces the student to the workings of our economy at large. In particular the student is introduced to the concepts and interrelationships between the following macroeconomic variables: GDP, the price level and inflation, real GDP, the unemployment rate, interest rates, stock prices, the foreign exchange rate, and the balance of international payment. Emphasis is placed on the practical application of the foregoing topics towards understanding how current events of either a private or government nature affect the economy at large.

Human Resources Management is intended to provide students with an understanding of human resources management functions within organizations. The course provides an introduction to the purpose and the application of Human Resources activities which will assist organizations in achieving their goals and objectives. As such, this course is designed to lay the groundwork for more advanced studies in Human Resources and related subjects.

ACCT 5 is the first of two management accounting courses in the Business-Accounting program and the first of three managerial accounting courses in the Business Administration-Accounting program. Management accounting differs from financial accounting in that it concentrates on the estimation, accumulation and presentation on internal accounting information for performance evaluation and decision making purposes. Emphasis in this first course is on defining management accounting concepts and terminology. It introduces job order costing, cost behaviour and the preparation of contribution format income statements. Finally, special issues with cost-volume-profit relationships will be studied in depth.

Prerequisite(s): MATH53 + ACCT2

Computer Applications in Accounting is designed to provide the student with experience in maintaining computerized accounting records, primarily using current accounting software. This course will reinforce all of the principles and concepts that were introduced in Introductory Accounting. Students set up a computerized accounting system for a company, process transactions in all modules and are expected to print and interpret generated reports.

Prerequisite(s): ACCT1

This course expands on the principles and practices of financial accounting covered in the introductory financial accounting courses. Further training in accounting systems and the preparation, analysis, and interpretation of financial statements is provided at an intermediate level. The topics covered in this course include the accounting for business assets specifically: cash, accounts and notes receivable, inventories, and investments. Canadian Accounting Standards for Private Enterprises (ASPE) and the International Financial Reporting Standards (IFRS) are applied to various situations involving this material, with further reference to financial statement presentation in adherence to both legal and Chartered Professional Accountants Canada (CPA) Handbook requirements.

Prerequisite(s): ACCT2

This course covers Excel from basics to advanced topics. It is designed to introduce students to electronic spreadsheets and then introduces more advanced features of Microsoft Excel. During the course students will create simple spreadsheets using the four building blocks of cell content: labels, values, formulas and functions. Students will also gain skills in visually formatting the spreadsheet and creating simple charts. Students will create spreadsheets using more complex functions including arithmetic on date values; managing multi-sheet workbooks; incorporating protection within the workbooks and use filtering of data in tables. Advanced topics in Excel includes: creating automated worksheet tasks, What-If analysis, Pivot Tables, exchanging data with other programs and programming in VBA.

Prerequisite(s): COMP222

This course introduces students to the workings of our market system, within which business organizations must function. In particular, the course studies consumer and business behaviour within a mixed government-market framework. Emphasis is placed on understanding how microeconomic analysis is employed in such functional areas as accounting and finance, marketing, and human resources management, as well as in interpreting government actions in the marketplace and other events of a microeconomic nature.

The study of organizational behaviour is the study of three separate, but interrelated, processes. The course begins with the study of individual behaviour in organizations, including such topics as perception, attitudes and work motivation. The study of group dynamics is also addressed, including such topics as team building, leadership, and decision-making. Finally the course explores the study of organizational structure, culture and change.

This course provides an overall understanding of the accounting system, particularly the usefulness of accounting to management.  The three main areas to be covered are: routine reporting to management for planning and controlling current operations; special reporting to management for long range planning; and routine reporting on financial results for external use. 

Prerequisite(s): ACCT5

This course expands on the principles and practices of financial accounting covered in the introductory financial accounting courses. Further training in accounting systems and the preparation, analysis, and interpretation of financial statements is provided at an intermediate level. The topics covered in this course include the accounting for business assets and liabilities specifically: capital assets, current liabilities and capital and operating leases. Canadian Accounting Standards for Private Enterprises (ASPE) and the International Financial Reporting Standards (IFRS) are applied to various situations involving this material, with further reference to financial statement presentation in adherence to both legal and Chartered Professional Accountants Canada (CPA) Handbook requirements.

Prerequisite(s): ACCT201

In Administrative Law students review the legal environment for businesses and identify its impact on operations. Students analyze legislation, statues, regulations, and company policies to identify compliance requirements, mitigate risk, and determine strategy. Exploring contracts, the law associated with business relationships, and various special legal rights and relationships students learn to consider the complex regulatory context in which businesses operate.

This course provides an introduction to the field of business financial management. FINA 1 includes a review of the preparation of the primary financial statements and emphasizes their application in financial forecasting. Other major topics addressed include financial statement analysis, working capital management, and sources of short-term financing. The course also provides a brief review of time value of money concepts and their application in capital budgeting decisions which are examined in detail in FINA 2.

Prerequisite(s): ACCT5