Department of Business and Administration
Course Outline
BUS 3103-001 Intermediate Accounting - Equities
(Winter 2024)
Instructor:
Office:
Phone:
Email:
Office Hours:
Lori Novak, MBA, CPA,CGA
3BC23
204-789-4280
l.novak@uwinnipeg.ca
by appointment
Contents
LECTURE TIMES AND LOCATION..................................................................................................... 2
COURSE DELIVERY .............................................................................................................................. 2
COURSE DESCRIPTION ........................................................................................................................ 2
PREREQUISITE COURSES .................................................................................................................... 2
IMPORTANT DATES – COURSE SPECIFIC ....................................................................................... 2
REQUIRED MATERIALS....................................................................................................................... 3
LEARNING OUTCOMES MAPPED ...................................................................................................... 3
CLASS PREPARATION, AND CLASSROOM CONDUCT AND PROTOCOL ................................. 4
How to proceed ..................................................................................................................................... 4
Classroom Conduct and Protocol .......................................................................................................... 5
COMMUNICATION ................................................................................................................................ 5
EVALUATION CRITERIA ..................................................................................................................... 5
WileyPLUS Assignments ...................................................................................................................... 5
Midterm ................................................................................................................................................. 6
Data Analytics Assignment – Financial Statement Analysis ................................................................ 7
Final Exam ............................................................................................................................................ 8
GRADING PROCEDURES ..................................................................................................................... 8
FEEDBACK ON ASSESSMENTS (EXCLUDING THE FINAL EXAM) ............................................. 8
PLAGIARISM AND ACADEMIC MISCONDUCT ............................................................................... 9
COURSE SCHEDULE ............................................................................................................................. 9
IMPORTANT DATES COMMON TO ALL COURSES ...................................................................... 11
COURSE POLICIES AND GUIDELINES ............................................................................................ 11
1
LECTURE TIMES AND LOCATION
Weekly Contact Hours:
Location:
Mon/Wed/Fri 11:30am-12:20pm, 2.5 hours per week
3BC57
COURSE DELIVERY
Classes will be in-person, in the classroom, on campus every Monday, Wednesday and Friday from
11:30am – 12:20pm from January 8 – April 5.
If you are attending classes, please respect the health guidelines provided by the University of
Winnipeg.
Additionally, there are videos explaining various course concepts and topics located on the
WileyPlus System under “resources”.
Tests and Exams will be held IN PERSON at the University of Winnipeg.
COURSE DESCRIPTION
This is the second of a two-part series in Intermediate Financial Accounting. The course continues from
where Intermediate Accounting: Assets left off but focusing on the Liabilities and the Equities sections
of the balance sheet, while continuing to reinforce the conceptual framework of accounting. The course
also reviews items such as Income taxes from an accounting perspective, off balance sheet financing
such as leases, and Pensions. The final components deal with accounting changes and error analysis,
Statement of Cash Flows and finally other Measurement and Disclosure Issues.
This is a demanding course. Students should expect to spend 8-10 hours per week outside class in order
to gain an adequate understanding of the course materials. A thorough understanding of the framework,
concepts, and techniques of accounting as developed in this course is necessary to enable you to
proceed with upper level courses in financial accounting. You need to plan for a greater than average
amount of time necessary to complete the course materials.
PREREQUISITE COURSES
BUS-2002(3) with a minimum grade of C+ [prerequisite(s)]; AND students must have met their
university writing requirement with a minimum grade of C+ (or exemption) [prerequisite(s)]; AND
take BUS-2820(3) or ECON-2820(3) (must be taken previously or at the same time as this course).
IMPORTANT DATES – COURSE SPECIFIC
Monday, January 8 First Class
Friday, February 16 Midterm 11:30-1:30; 3BC57
Saturday, March 30 Data Analytics Assignment Due
Friday, April 5
Last class
For important University wide dates click here.
2
REQUIRED MATERIALS
Textbook:
Intermediate Accounting with WileyPLUS access, 13th Canadian Edition, Volume 2, by Kieso,
Weygandt, Warfield, Young, & Wiecek. John Wiley & Sons Canada Ltd. With WileyPLUS access.


Kieso 13ce Vol 2 loose-leaf + WileyPLUS access: ISBN 9781119740636
Kieso 13ce Vol 2 WileyPLUS access only (includes etext): ISBN 9781119844129
If you purchase the print version of the textbook do not throw away the WileyPLUS access code card
included with your new textbook. You need it to access the WileyPLUS site for assignments, e-book
videos, and other resources.
Textbook purchases may be made through the University of Winnipeg Bookstore.
Nexus Resources:
Various materials will be posted on Nexus as the course progresses.
Technology:
Software: Access to Excel 2016 or higher installed will be required for tests, exams and the data
analytics assignment.
See Course Schedule in this document for specific topic coverage.
LEARNING OUTCOMES MAPPED
Learning Outcome
Assessment
Ethical Professional Judgement
WileyPLUS Assignments
Tests
Communicating relevant financial and nonfinancial information using the most
appropriate media and presentation
Develop analytical and integrative thought
processes to solve problems and make
decisions.
Data Analytics Assignment
Explain implications of current trends,
emerging issues and technologies in financial
reporting
Analyze the economic substance of a
transaction or event and apply correct
accounting treatment for routine and nonroutine transactions for liabilities and
shareholders’ equity.
Prepare financial statements in accordance with
applicable standard including routine financial
statement disclosure.
WileyPLUS Assignments
Tests
Data Analytics Assignment
WileyPLUS Assignments
WileyPLUS Assignments
Tests
Data Analytics Assignment
Tests
Data Analytics Assignment
3
2022 CPA
Competency Map
CPA Enabling
Competency 1
Proficiency 2
CPA Enabling
Competency 7
Proficiency 2
CPA Enabling
Competency 6
Proficiency 3
CPA Technical
Competency 1
Proficiency 2
CPA Technical
Competency 1
Proficiency 4
CPA Technical
Competency 1
Evaluate and interpret financial statements
including note disclosures
Design appropriate analysis
WileyPLUS Assignments
Critically evaluate performance
Term Test – Part B
Data Analytics Assignment
Data Analytics Assignment
Collaborate with others to apply, assess and/or
evaluate financial accounting standards
Data Analytics Assignment
CPA Technical
Competency 1
CPA Enabling
Competency 6
CPA Enabling
Competency 3
CPA Enabling
Competencies 3 to 6
1
CLASS PREPARATION, AND CLASSROOM CONDUCT AND PROTOCOL
How to proceed
Below is the suggested approach to each week of content for this course:
Step Description/Action
1.
Read required materials before class topic will be covered. See course
schedule.
2.
Attend Class
3.
Complete End of Chapter assigned questions. Attempt each assigned
question without looking at the suggested solution. Then check your
solution to the suggested solution. Note any areas of difficulty and take
notes.
1
Suggested Time
1-2 hours
2.5 hours
4-5 hours
The Chartered Professional Accountant Competency Map Part 1 & Part 2. January, 2023. Retrieved June 6, 2023, from
https://www.cpacanada.ca/en/become-a-cpa/why-become-a-cpa/the-cpa-certification-program/the-cpacompetency-map
4
4.
5.
Ask instructor or fellow classmates for help, if needed.
Complete WileyPLUS Post-Class Quiz
Variable
1 hour
Classroom Conduct and Protocol
The purpose of the classroom sessions is to demonstrate and clarify concepts critical to the course
material. Participation in class discussion is necessary and welcomed, but please offer your comments
or questions with respect.
You are responsible for all course–related announcements made in class. Further, it is your
responsibility to be familiar with the most current University Course Calendar dealing with Academic
Regulations and Policies.
Students will find a list of suggested problems for each chapter on Nexus. It is recommended that the
problems assigned be completed just after the related chapter material is covered in class in order to
receive the maximum benefit. The assigned problems will not be marked but solutions to the problems
will be available on Nexus. The problems assigned are designed to assist the student in understanding
the course material.
COMMUNICATION
The primary mode of communication will be in class, office appointments, and uwinnipeg email.
Please allow 2 business days (Monday to Friday, excluding holidays) for a response. Emails via Nexus
are not monitored so please do not use.
EVALUATION CRITERIA
Evaluation of your performance in this course shall be based on grades earned in these assessments:
VALUE ITEM OF WORK
10%
WileyPLUS Assignments
30%
Midterm – Part A (Chapters 13-17)
Midterm – Part B
10%
50%
Data Analytics Assignment – Financial Statement Analysis
Final Exam (comprehensive)
DUE DATE
Various
Friday, Feb 16,
11:30am-1:30pm, 3BC57
Friday, Mar. 1 via Nexus
by 11:59pm
Mar 30 by 11:59pm
TBD
WileyPLUS Assignments
You are required to complete post-class “Adaptive” assignments in the “WileyPLUS” system for each
chapter. The best 7 post-class assignments will be used in determining your final grade. Post-class
assignments are graded as follows:
Progress
95%
80%
60%
<60%
Points Awarded
10
8
6
0
5
All WileyPLUS assignments are due at 11:59pm on the date specified below:
Chapter
13
14
15
16
17
18
19
20
21
22
23
Post-Class Assignment Due Date (Adaptive)
Sunday, Jan 14
Sunday, Jan 21
Sunday, Jan 28
Sunday, Feb 4
Sunday, Feb. 11
Saturday, Feb. 17
Sunday, Mar 3
Sunday, Mar 17
Sunday, Mar 24
Monday, April 1
Sunday, Apr. 7
Midterm
The midterm will contain various types of questions, including multiple choice, short and long
problems. You will need to demonstrate your understanding of the course material by clearly
explaining and supporting your answer. Note that the test questions may require numerical analysis,
and qualitative analysis as well as procedural application.
Term Test Procedure
Part A: Test
Individually each student will complete an in-person term test covering topics as indicated in the course
schedule using Nexus and Excel.
Part B: The Midterm Reflection Report
A solution and marking key to the midterm test will be made available to students to grade their own
responses after completion of Part A above. Each student must provide a Word or PDF format typed,
maximum one page (8.5x11), single spaced, assessment of their individual answers compared to the
solution to determine what they learned, using the following as a guide:
1.
Evaluate your performance.
a. What went well and what contributed to this success?
b. What could have gone better and why?
2.
What needs to be done to improve performance for the next assessments? Be specific with
timelines for implementation.
Students will be required to submit their graded Excel term test and reflection report to the assignment
folder in Nexus by end of day March 1. I will review the graded test and adjust grades where necessary.
Your overall final midterm test grade will be based on:
Individual score (Part A)
Individual reflection (Part B)
No late reflection reports will be accepted.
6
90%
10%
100%
Missed midterm If you miss midterm test without an approved reason or explanation, you will
automatically be awarded a grade of zero (“0”) for that Test. Absence from the term test due to illness
is of course permissible. In those instances, and with an appropriate medical certificate, the value of the
term test will be applied to your Final Examination (i.e., you will be writing a Final Test worth 80% of
your final grade). Students must notify me (via email please) of any absence on or before the day of the
term test. Students may, from time to time, miss the term test for other reasons, and you are encouraged
to discuss these with me as soon as possible. Students who miss a term test with an approved reason
will have the value of the term test applied to the Final Test (i.e., you will be writing a Final Test worth
80% of your final grade). In all instances, please note that there will be NO make-up term tests.
Data Analytics Assignment – Financial Statement Analysis
In assigned teams of 2-3 people, choose one of the following Canadian publicly listed companies:
 Delta 9 Cannabis Inc.
 Aurora Cannabis Inc.
Using your chosen company, you will prepare an in-depth analysis of:
 its capital structure, and
 how its capital structure impacts both basic and diluted earnings per share (EPS), focusing on
why basic and diluted EPS are different.
Report Requirements:
Obtain 3 past years (reported on or before December 31, 2022) of financial statements of the chosen
company. Go to https://sedar.com/ to retrieve financial statements. Review the company’s debt and
equity. In your written report:
 Prepare a ratio trend analysis, complete with visualizations, for each of the 3 years. Detail your
calculations. Ratios to be included are:
o Year over year percentage change (horizontal analysis) for each line item of liabilities
and equity (for 2 most recent years)
o Debt to equity ratio (for 3 years)
 Prepare a report explaining how specific liabilities and equity items impact the earnings per
share basic and dilutive calculation.
Maximum 3 pages typed and double spaced, minimum 11 point font, normal margins. Page count
excludes exhibits. You are required to use Excel for ratio calculations and visualizations. You will
submit your report via Nexus in either Word, or PDF format along with an Excel file detailing your
ratio analysis.
Please use APA or MLA format with in-text citations for referencing any external sources used,
including ChatGTP, and other Generative AI tools for all assessments, excluding tests. Remember, that
information provided in a Generative AI tool is compiled from other external sources, it is the student’s
responsibility to ensure all external sources used are identified and cited correctly.
No late assignments will be accepted.
7
Final Exam
The Final Exam will contain various types of questions, including multiple choice, short and long
problems. You will need to demonstrate your understanding of the course material by clearly
explaining and supporting your answer. Note that the Final Exam questions may require numerical
analysis, and qualitative analysis as well as procedural application.
Final Exam Procedure
Individually each student will complete a test covering topics as indicated in the course schedule using
Excel and Nexus.
Missed Final Exam Students unable to write final exams on the assigned exam date in the Winter
2023 final exam period MUST apply for a deferred exam through Academic Advising
(https://www.uwinnipeg.ca/academic-advising/appeals.html). IF the request for the deferred exam is
approved, an alternative exam will be scheduled during the following Spring 2023 term.
GRADING PROCEDURES
Letter grades are not assigned to individual pieces of assessment. Only the total for the course will be
converted to a letter grade, and this is only done after the grades are reviewed internally within the
Department of Business and Administration. Note until approved by the Department grades are subject
to change. The letter grade you earn for the course can range from an F (failure) to an A+ (highest
possible grade).
A standard grading scale is utilized in all courses within the Department of Business and
Administration. Note that this may differ from other Departments or courses at the University of
Winnipeg. The scale itself is below with my own interpretation of the levels.
Grade
A+
A
AB+
B
C+
C
D
F
Value
(%)
>90
85–89
80–84
75–79
70–74
65–69
60–64
50–59
<50
GPA
Interpretation
4.5
4.25
4
3.5
3
2.5
2
1
0
Exceptional
Outstanding
Excellent
Very Good
Good
Average
Adequate
Marginal
Unsatisfactory
FEEDBACK ON ASSESSMENTS (EXCLUDING THE FINAL EXAM)
Assessments will be returned to the student. Unclaimed assessments are discarded after 12 months.
8
PLAGIARISM AND ACADEMIC MISCONDUCT
You will need to complete an Academic Honesty Quiz, with a score of 100% (unlimited attempts
allowed), in Nexus to gain access to course materials beyond Chapter 13. Plagiarism is submitting
work in a course that is not one’s own. This includes, but is not limited to, not using quotation marks,
citation and footnotes when quoting directly, or not using footnotes or citations when quoting indirectly
or paraphrasing to indicate the source of the ideas or work of another author. Plagiarism can also refer
to submitting original work for credit in two or more different courses without the knowledge or prior
agreement of the respective Professors. Dishonest or attempted dishonest practice during tests or exams
or in the preparation of other course work is considered cheating and will be brought to the Senate
Academic Misconduct Committee.
Students should note that software designed to assist in detecting potential instances of plagiarism may
be used in this course.
Please use APA or MLA format with in-text citations for referencing any external sources used for all
assessments, excluding tests.
See Course Policies and Guidelines.
COURSE SCHEDULE2
Date
Jan 8
Jan. 10
Jan. 12
Jan 15
Jan. 17
Jan. 19
Jan. 22
Jan. 24
Jan.26
Jan. 29
Jan. 31
Feb. 2
Feb. 5
Feb. 7
Feb. 9
Feb. 12
Feb. 14
Feb 16
Feb. 1824
Feb. 26
Feb. 28
Mar. 1
2
Chapter/Materials
Course Outline, requirements
Chapter 23, LO 23.9, pages 23-31 to 2338
Chapter 13
Topic(s)
Chapter 14
Long-Term Liabilities
Chapter 15
Appendix 15A and 15B
Group Sign Up
Chapter 16
Appendix 16A, 16B and 16 C (Options
Pricing Modules)
Shareholders’ Equity
Chapter 17
Earnings per share
Chapter 18
Income Taxes
Midterm – Part A
In person 11:30-1:30
Reading Week
Chapters 13-17
Chapter 19
Pensions and Other Post-Employment
Benefits
Financial Statement Analysis (Self Study)
Non-Financial and Current Liabilities
Complex Financial Instruments
No Classes
Please note: It’s possible all topics listed may not be covered.
9
Mar. 1
Mar. 4
Mar. 6
Mar. 8
Mar. 11
Mar. 13
Mar. 15
Mar. 18
Mar. 20
Mar. 25
Mar. 27
April 1
Mar. 30
Apr. 3
Apr. 5
TBD
1
Midterm – Part B Due
Chapter 20
Submit via Nexus by 11:59pm
Leases
Chapter 21
Accounting Changes and Error Analysis
Chapter 22
Statement of Cash Flows
Data Analytics Assignment Due
Chapter 23
Submit via Nexus by 11:59pm
Other Measurement and Disclosure
Final Exam
Comprehensive In Person
Please note: It’s possible all topics listed may not be covered
10
IMPORTANT DATES COMMON TO ALL COURSES
February 18-24
February 19
March 15
March 29
April 8
April 11-24
Reading week: No classes
University is closed (Louis Riel Day)
Voluntary Withdrawal Date*
University is closed (Good Friday)
Make up class (if necessary)
Winter Exam period
COURSE POLICIES AND GUIDELINES
1. Students can find answers to frequently asked questions related to remote learning here:
https://www.uwinnipeg.ca/covid-19/.
2. Retain this course outline for any future transfer credit assessment.
3. Note that withdrawing before the VW date does not necessarily result in a fee refund. A minimum
of 20% of the work on which the final grade is based must be evaluated and available to the student
before the voluntary withdrawal date. Exceptions may be made with the prior approval of the DRC
in courses such as Directed Readings, Projects, and Thesis courses, but this will be noted in the
course information. Students are encouraged to see the instructor for advice before withdrawing.
4. When it is necessary to cancel a class due to exceptional circumstances, instructors will make every
effort to inform students via UWinnipeg email (and/or using the preferred form of communication,
as designated in the course information), as well as the Department Assistant and Chair/Dean so
that class cancellation forms can be posted outside classrooms.
5. Students may choose not to attend classes or write examinations on holy days of their religion, but
they must notify their instructors at least two weeks in advance. Instructors will then provide
opportunity for students to make up work or examinations without penalty. A list of religious
holidays can be found in the 2023-24 Undergraduate Academic Calendar.
https://www.uwinnipeg.ca/academics/calendar/docs/important-notes.pdf
6. Students with documented disabilities, temporary or chronic medical conditions, requiring
academic accommodations for tests/exams (e.g., private space) or during lectures/laboratories (e.g.,
note-takers) are encouraged to contact Accessibility Services (AS) at 204-786-9771 or
https://www.uwinnipeg.ca/accessibility-services/ to discuss appropriate options. All information
about a student’s disability or medical condition remains confidential.
7. Students are reminded that they have a responsibility to regularly check their UWinnipeg e-mail
addresses to ensure timely receipt of correspondence from the university and/or their course
instructors.
8. Sometimes it is necessary to update the course and its materials. The Course Instructor reserves the
right to make changes to the course (mode of delivery, content, schedule, assessments, evaluation,
11
assignments, and so on) at any time. A permitted or necessary change in mode of delivery my
require adjustments to important aspects of course outlines, like class schedule and the number,
nature, and weighting of assignments and/or exams. These changes will be communicated to you
should they arise.
9. Academic Integrity. Students are encouraged to familiarize themselves with the “Regulations and
Policies” found in the University Academic Calendar at:
https://uwinnipeg.ca/academics/calendar/docs/regulationsandpolicies.pdf. Particular attention
should be given to subsections 8 (“Student Discipline”), 9 (“Senate Appeals”), and 10 (“Grade
Appeals”). Even unintentional plagiarism is a form of academic misconduct. An updated and
expanded University of Winnipeg library site outlining principles of Academic Integrity can be
found at https://library.uwinnipeg.ca/use-the-library/help-with-research/academic-integrity.html.
10. Misuse of Filesharing Sites Uploading essays and other assignments to essay vendor or trader sites
(filesharing sites that are known providers of essays for use by others who submit them to
instructors as their own work) is a form of misconduct, as it involves “aiding and abetting”
plagiarism. More detailed information can be found here: Academic Misconduct Policy and
Procedures: https://www.uwinnipeg.ca/policies/docs/policies/academic-misconduct-policy.pdf and
https://pace.uwinnipegcourses.ca/sites/default/files/pdfs/publications/Academic%20Misconduct%2
0Procedures.pdf
11. Respectful Learning Environment. All students, faculty and staff have the right to participate,
learn, and work in an environment that is free of harassment and discrimination.
Students are expected to conduct themselves in a respectful manner on campus and in the learning
environment irrespective of platform being used. Behaviour, communication, or acts that are
inconsistent with a number of UW policies could be considered non-academic misconduct. See the
Respectful Working and Learning Environment Policy (https://www.uwinnipeg.ca/respect/respectpolicy.html) and Acceptable Use of Information Technology Policy
(https://www.uwinnipeg.ca/policies/docs/policies/acceptable-use-of-information-technologypolicy.pdf). More detailed information is outlined in the Non-Academic Misconduct Policy and
Procedures (https://www.uwinnipeg.ca/policies/docs/policies/student-non-academic-misconductpolicy.pdf and https://www.uwinnipeg.ca/policies/docs/procedures/student-non-academicmisconduct-procedures.pdf).
12. Copyright and Intellectual Property. Course materials are the property of the instructor who
developed them. Examples of such materials are course outlines, assignment descriptions, lecture
notes, test questions, and presentation slides—irrespective of format. Students who upload these
materials to filesharing sites, or in any other way share these materials with others outside the class
without prior permission of the instructor/presenter, are in violation of copyright law and University
policy. Students must also seek prior permission of the instructor/presenter before, for example,
photographing, recording, or taking screenshots of slides, presentations, lectures, and notes on the
board. Students found to be in violation of an instructor’s intellectual property rights could face
serious consequences pursuant to the Academic Misconduct or Non-Academic
Misconduct Policy; such consequences could possibly involve legal sanction under the Copyright
Policy (https://copyright.uwinnipeg.ca/basics/copyright-policy.html).
13. Research Ethics. Students conducting research interviews, focus groups, surveys, or any other
method of collecting data from any person, including a family member, must obtain research ethics
12
approval before commencing data collection. Exceptions are research activities done in class as a
learning exercise. For submission requirements and deadlines, see
http://www.uwinnipeg.ca/research/ethics/human-ethics.html.
14. Privacy. Students are reminded of their rights in relation to the collecting of personal data by the
University (https://www.uwinnipeg.ca/privacy/admissions-privacy-notice.html), especially if
Zoom is being used for remote teaching (https://www.uwinnipeg.ca/privacy/zoom-privacynotice.html) and testing/proctoring (https://www.uwinnipeg.ca/privacy/zoom-test-and-examproctoring.html).
15. Academic Integrity and AI Text-Generating Tools. Students must follow principles of academic
integrity (e.g., honesty, respect, fairness, and responsibility) in their use of material obtained
through AI text-generating tools (e.g., ChatGPT, Bing, Notion AI). If an instructor prohibits the use
of AI tools in a course, students may face an allegation of academic misconduct if using them to do
assignments. If AI tools are permitted, students must cite them. According to the MLA
(https://style.mla.org/citing-generative-ai/), “you should
1. cite a generative AI tool whenever you paraphrase, quote, or incorporate into your own work
any content (whether text, image, data, or other) that was created by it
2. acknowledge all functional uses of the tool (like editing your prose or translating words) in a
note, your text, or another suitable location
3. take care to vet the secondary sources it cites”
If students aren’t sure whether or not they can use AI tools, they should ask their professors.
13