DISCLAIMER:
In the event the prerequisites listed below do not match those in the on-line calendar, the
on-line calendar shall prevail.
ACCT 100 (3) Financial Accounting I
Prerequisite: Min "C+" in Principles or Applications of Math 11, and
Min "C" in English 12
Acct 100 will provide the student with an introduction, from a user
perspective, to the principles and procedures of financial accounting. Topics
include the conceptual framework, the accounting equation, double-entry
bookkeeping, the accounting cycle, an introduction to Generally Accepted
Accounting Principles and financial statement preparation and interpretation.
Upon successful completion of Acct 100 students will have
 an understanding of accounting terminology and Generally Accepted
Accounting Principles
 an understanding of the accounting equation, accounting cycle and
preparation of financial statements
 an understanding of the components of cash, receivables, inventory,
capital assets, intangibles, long-term investments, long-term liabilities
and shareholders’ equity
 the ability to calculate interest amounts and amortization
 the ability to interpret financial statements, including the cash flow
statement
ACCT 201 (3) Financial Accounting II
Prerequisite: Minimum "C+" in each of ACCT 100, FNCE 130, and
QUME 185
Acct 201 is intended for those students who plan to become professional
accountants or who plan to work in accounting and finance-related
occupations. The course will provide additional depth to the concepts
introduced in Accounting 100. ‘Real world’ practical experience will be
provided by way of a computerized business accounting simulation. Both
Accounting 100 and Accounting 201 will be necessary for transfer to CGA,
CMA or the CA program of studies.
Upon successful completion of Acct 201, students will have
 a more in-depth understanding of the key balance sheet components
such as cash, receivables, inventory, capital assets, intangibles, longterm investments, long-term liabilities and shareholders’ equity
 a thorough understanding of the normal, adjusting and closing journal
entries that make up a typical accounting cycle
 the ability to prepare ordinary classified financial statements
 applied their theoretical knowledge in a practical business application
DISCLAIMER:
In the event the prerequisites listed below do not match those in the on-line calendar, the
on-line calendar shall prevail.
ACCT 217 (3) Taxation I
Prerequisite: Min "C+" in ACCT 201
Acct 217 will introduce the student to individual taxation in Canada.
Specific Objectives
 To provide students, not previously exposed to the Canadian Income Tax
system, with knowledge of the basic concepts and application of the key
provision of the Canadian Income Tax Act with respect to individuals.
 To determine types of income and the differences in taxation.
 To understand the goals and objectives of the government in the
development of the different aspects of the Income Tax Act.
 To develop the student’s ability to read and interpret the Income Tax Act.
ACCT 294 (3) Intro to Cost and Managerial Accounting
Prerequisite: ACCT 100; FNCE 130; QUME 185
Managerial Accounting provides financial information useful to managers
within the organization as distinct from financial accounting, which provides
a general package of information primarily for outside users. The purpose of
this introductory managerial accounting course is to explore the kinds of
information managers need, where this information can be obtained and how
this information is used to plan operations, control activities and make
decisions.
Specific Objectives
 To provide students with the basic concepts and terminology of
Managerial or Cost Accounting and contrasting the application of
principles with that of Financial Accounting.
 To apply knowledge of cost behavior in preparing and analyzing both
annual budgets and actual results of operations.
 To determine the effect of changes in operations on expected results as
well as applying the concepts of Responsibility Accounting in investigating
material differences.
 To identify and analyze relevant information with regards to decision
making including the identification and consideration of alternative
opportunities or options.
 To use a combination of knowledge and critical thinking skills in
situational analysis including considerations such as cost-benefit
relationships, quantitative amounts as well as qualitative characteristics.
DISCLAIMER:
In the event the prerequisites listed below do not match those in the on-line calendar, the
on-line calendar shall prevail.
ACCT 317 (3) Taxation II
Prerequisite: Min "C+" in ACCT 217
Acct 317 is the second introductory course in federal income taxation. It will
introduce the student to the principles and practices of Canadian taxation,
including a basic understanding of the Canadian Income Tax Act and its
implications in relation to corporations and shareholders, partnerships, trusts
and international taxation.
Specific Objectives
 To provide students with knowledge of the basic concepts and application
of the key provision of the Canadian Income Tax Act with respect to
corporations, partnerships and trusts.
 To develop the student’s tax research skills, including the ability to read
and interpret the Income Tax Act, judicial decisions and the CRA’s
position.
 To introduce basic tax planning concepts through practical problems and
case applications.
ACCT 330 (3) Financial Reporting and Analysis
Prerequisite: Min. "C+" in each of ACCT 100 and ACCT 294
Introductory Financial and Managerial Accounting courses provide the
background of the mechanics of Accounting. However they do not fully
analyze the decision making that goes into the choice of accounting policies
and the impact that this has on users of financial statements and their
decision making. This course will increase the knowledge and appreciation
that the students will have for the choice of accounting policies and the
impact on the users of the financial statements.
In addition while becoming more familiar with the options for Financial
Reporting the student will also utilize different analysis methods to
determine the health of a company and to provide understanding of the
relationships between the various financial statements.
Successfully completion of Acct 300 will enable the student to:
 understand financial reporting concepts
 explain how financial reporting standards are developed in Canada and
internationally
 apply financial reporting standards to specific accounting issues
 critically evaluate financial reporting standards in Canada and
internationally
 demonstrate an understanding of specific reporting problems faced by
selected specialised entities, such as construction companies
 use critical thinking skills and analysis to determine the financial health
of a company
DISCLAIMER:
In the event the prerequisites listed below do not match those in the on-line calendar, the
on-line calendar shall prevail.
ACCT 335 (3) Intermediate Accounting: Assets
Prerequisite: Min "C+" in Acct 201
Acct 335, one of two intermediate accounting courses, begins with a review
of the financial accounting information system and reporting the financial
position, performance and cash flow of an incorporated business. A review
of the basic principles of accounting, focusing on the conceptual framework,
is also undertaken.
The balance of the course includes an in-depth
discussion and analysis of revenue recognition issues and accounting for
current and non-current assets (cash, receivables, inventory, investments,
capital assets and intangible assets). Discussions will focus on issues related
to recognition, measurement and disclosure
ACCT 336 (3) Intermediate Accounting: Liabilities and Owners'
Equity
Prerequisite: Min "C+" in Acct 201
Acct 336 will review accounting principles and develop an understanding of
the elements of financial statements. Emphasis will be placed on liabilities
and the owners' equity section of the balance sheet for corporations.
Specific Objectives
 To further develop an understanding of Generally Accepted Accounting
Principles.
 To understand the accounting environment and the application of
accounting principles.
 To further develop an understanding of the liabilities and equity/net assets
elements of the balance sheet.
 To prepare and understand a Cash Flow Statement.
 To enable the student to effectively analyze financial statements.
 To meet the requirements of various professional bodies, such as the
Certified General Accountants' Association, the Society of Management
Accountants and the Canadian Institute of Chartered Accountants. This
course can prepare the student for further studies in accounting.
ACCT 340 (3) Not-For-Profit Accounting
Prerequisite: ACCT 201 and ACCT 294
Acct 340 examines accounting, planning, and control for not-for-profit
organizations. The unique characteristics of not-for-profit organizations are
investigated including financial statements, full cost accounting, the control
environment, planning and program analysis, budgeting, and program
evaluation.
DISCLAIMER:
In the event the prerequisites listed below do not match those in the on-line calendar, the
on-line calendar shall prevail.
Upon successful completion of Acct 340 the student will:
 understand the characteristics and nature of not-for-profit organizations
 effectively use management control principles dealing with published
financial statements, full-cost accounting, and pricing decisions
 understand and utilize budgeting and strategic planning and program
analysis as a management control system
 effectively use financial information to control the operation, measure the
output, and report on performance
 perform appropriate operations analysis and program evaluation
ACCT 362 (3) Cost and Managerial Accounting II
Prerequisite: ACCT 294
Acct 362 will build on the fundamental concepts and procedures introduced
in introductory cost and managerial accounting. Topics will relate to the
planning function, cost control and decision-making. The course will cover
the effect managerial decisions can have on the financial accounting
outcome, and will develop an awareness of current issues in designing and
implementing effective control systems. Moral responsibilities of
management accountants to their profession and to the managers they
advise will be explored.
ACCT 390 (3) Selected Topics in Accounting
Prerequisite: ACCT 201 and ACCT 294
Presentation of selected topics in accounting.
objectives are dependant upon topics chosen.
Learning outcomes and
ACCT 399 (3) Special Topics in Accounting/Assurance (Field
School)
Prerequisite: ACCT 100 and ACCT 294
Seminar based study of accounting and assurance unique to a specific
country/geographic area. Emphasis on understanding the specific business
environment including comparative discussions of GAAP, financial statement
analysis and the designated country’s accounting industry, financial
reporting, market and oversight function(s). Normally delivered through a
field school format. Learning outcomes and objectives are dependant upon
topics chosen.
DISCLAIMER:
In the event the prerequisites listed below do not match those in the on-line calendar, the
on-line calendar shall prevail.
ACCT 410 (3) Principles of Auditing
Prerequisite: ACCT 335 and ACCT 336, one of which may be taken
concurrently [Effective August 2009 both courses must be taken
prior to Acct 410)
Acct 410 will introduce the principles of external audit and related methods
and procedures. Topics include:
 types of assurance engagements,
 the ethical/legal environment,
 auditor independence,
 quality control,
 audit planning,
 internal control assessment,
 audit techniques,
 preparing assurance reports, and
 detecting fraud and error.
Acct 410 will also include discussions on current developments in
comprehensive and IT auditing.
Effective communication of assurance
results will also be emphasized.
ACCT 421 (3) Accounting Theory
Prerequisite: ACCT 335 and 336
Objectives
 To describe, examine and explore the various accounting theories that
form the basis of Generally Accepted Accounting Principles.
 To examine the relevance of these theories in understanding financial
accounting procedures and reporting.
 To examine the impact that economic and financial theories have on
accounting and the influence of political and social factors in financial
accounting information.
Specific Objectives
 Examine accounting models and decision usefulness under ideal
conditions.
 Examine alternative financial and economic theories on markets and
decision usefulness.
 Examine measurement perspective applications and their decision
usefulness.
 Examine the economic consequences of financial information and positive
accounting theory.
 Apply different models to alternative measurement issues.
 Discuss the economic, social and political framework of accounting
standard setting.
DISCLAIMER:
In the event the prerequisites listed below do not match those in the on-line calendar, the
on-line calendar shall prevail.
ACCT 435 (3) Advanced Financial Accounting
Prerequisite: ACCT 335 and ACCT 336
This course is an in-depth study of accounting standards, topics and
procedures in very specific areas. These areas include international
accounting,
investments
and
business
combinations,
consolidated
statements, foreign currency, foreign operations, not-for-profit and fund
accounting. The main goal is to learn these advanced accounting principles
and practices and then to apply them to specific areas.
An additional
objective is to comprehend and discuss the related issues and changes in the
accounting for these areas over the past few years. Applicable sections of
the CICA handbook will be presented as part of this course.
ACCT 450 (3) Fraud Awareness, Prevention and Detection
Prerequisites: Fourth year standing in the BBA including Laww 326
and Acct 294
An exploration of commercial crime and fraud topics in business. Topics
include commercial crimes, fraudster psychology, red flags, fraud deterrence
and prevention, and analysis of vulnerability to fraud. A wide range of
frauds will be examined and analyzed, including general frauds and scams,
money laundering, Internet fraud, corporate and personal identity theft,
financial statement fraud, and banking fraud.
Upon successful completion of Acct 450, students will have an understanding
of
 types of fraud
 the fraud deterrence cycle
 auditing and investigation
 calculating and situation dependent criminals
 general frauds and scams
 symptomatic fraud investigation
 investigation alternatives
 identifying and evaluating risk factors
 due diligence and internal controls
 phishing, vishing, spoofing, ebay and paypal fraud
 intellectual property
 identity theft
 counterfeit goods: currency, software, music, financial instruments
 money laundering
 banking, debit and credit card fraud
 income tax, GST, CPP and EI benefit fraud
 financial statement fraud
 documenting and prosecuting