Code
Name/Description
Credits
ACCT 122
Introductory Financial Accounting 1
5
Your studies will focus on an introduction to financial accounting designed to provide you with accounting skills to handle business transactions. The course will include bookkeeping techniques, accounting for a merchandising concern and control over cash and receivables. ACCT 122 is a companion to ACCT 125 (Introductory Financial Accounting 2) which continues the study of basic financial accounting.
Credit Units: 5
Course Hours: 75.0
Equivalent Course(s): ACCT 122CE
Potential Learning Method(s): Lecture/Theory, Online, Prior Learning, Remote Delivery
ACCT 125
Introductory Financial Accounting 2
5
Your studies will focus on an introduction to financial accounting building on the skills you learned in ACCT 122 (Introductory Financial Accounting 1). Your studies include these topics: accounting for property, plant and equipment assets, current and non-current liabilities, partnerships, and corporations and accounting for payroll. In addition, you will learn to prepare a cash flow statement and perform ratio analysis.
Credit Units: 5
Course Hours: 75.0
Prerequisites(s): ACCT 122
Equivalent Course(s): ACCT 125CE
Potential Learning Method(s): Lecture/Theory, Online, Prior Learning, Remote Delivery
ACCT 215
Intermediate Financial Accounting 1
4
You will complete an in-depth study of generally accepted accounting principles as applied to accounting for current assets. You will also learn about revenue recognition concepts applicable to both private and publicly accountable enterprises. Both International Financial Reporting Standards (IFRS) and Accounting Standards for Private Enterprises (ASPE) are considered as accounting standards.
Credit Units: 4
Course Hours: 60.0
Prerequisites(s): ACCT 125
Potential Learning Method(s): Lecture/Theory, Online, Prior Learning, Remote Delivery
ACCT 216
Intermediate Financial Accounting 2
4
You will complete an in-depth study of generally accepted accounting principles as applied to accounting for capital assets, and temporary and long-term investments. Both International Financial Reporting Standards (IFRS) and Accounting Standards for Private Enterprises (ASPE) are considered as accounting standards.
Credit Units: 4
Course Hours: 60.0
Prerequisites(s): ACCT 125
Potential Learning Method(s): Lecture/Theory, Online, Prior Learning, Remote Delivery
ACCT 217
Intermediate Financial Accounting 3
4
You will continue your study of financial accounting begun in ACCT 215 and ACCT 216. Your studies will include current and long-term liabilities, shareholders’ equity, derivative and hybrid instruments, share-based compensation, and earnings per share. Both International Financial Report Standards (IFRS) and Accounting Standards for Private Enterprises (ASPE) are considered as accounting standards.
Credit Units: 4
Course Hours: 60.0
Prerequisites(s): ACCT 125
Potential Learning Method(s): Lecture/Theory, Online, Prior Learning, Remote Delivery
ACCT 218
Intermediate Financial Accounting 4
3
You will continue your study of financial accounting begun in ACCT 215 and ACCT 216. Your studies will include accounting for corporate income taxes and pensions, leases, changes in policy, estimates and correction of errors, and preparing the statement of cash flows. Both International Financial Report Standards (IFRS) and Accounting Standards for Private Enterprises (ASPE) are considered as accounting standards.
Credit Units: 3
Course Hours: 45.0
Prerequisites(s): ACCT 125
Potential Learning Method(s): Lecture/Theory, Online, Prior Learning
ACCT 219
Management Information Systems
4
You will study fundamental concepts of management information systems including business processes, data organization, integrity, privacy and security, e-commerce, ERP systems, business analytics, system development life cycle, and hardware and software components.
Credit Units: 4
Course Hours: 60.0
Prerequisites(s): ACCT 122
Potential Learning Method(s): Lecture/Theory, Online, Prior Learning
ACCT 226
Cost Accounting 1
4
You will study introductory concepts of cost accounting theory and practice. You will focus on the differences between cost accounting and financial accounting, various cost accounting terms, an introduction to costing systems, and responsibility accounting using master and flexible budgets.
Credit Units: 4
Course Hours: 60.0
Prerequisites(s): ACCT 125
Equivalent Course(s): ACCT 226CE, ACP 221
Potential Learning Method(s): Lecture/Theory, Online, Prior Learning
ACCT 227
Cost Accounting 2
4
Your studies will be a continuation of Cost Accounting 1 (ACCT 226). You will study non-routine decision making, cost allocation theory and methods, process costing, hybrid costing systems, inventory management and sales and input variances.
Credit Units: 4
Course Hours: 60.0
Prerequisites(s): ACCT 226
Equivalent Course(s): ACCT 227CE, ACP 322
Potential Learning Method(s): Lecture/Theory, Online, Prior Learning
Your studies will include an introduction to auditing, its objectives and reports, the types of evidence and documentations required, the study of internal control, and audit sampling. You will study the processes of the audit of revenue and collections and acquisitions and expenditures.
Credit Units: 4
Course Hours: 60.0
Prerequisites(s): ACCT 125
Equivalent Course(s): ACP 430, ADTG 220CE
Potential Learning Method(s): Lecture/Theory, Online, Prior Learning, Remote Delivery
You will become familiar with the role of finance and its implication for risk, income and control, credit conditions and a firm's state of liquidity. The course content includes sources of capital and corporate borrowing, cost of capital theory and optimal capital structure, and the capital budget decision-making.
Credit Units: 4
Course Hours: 60.0
Prerequisites(s): ACCT 122
Equivalent Course(s): ACP 475, FIN 220CE
Potential Learning Method(s): Lecture/Theory, Online, Prior Learning
Your studies will include an introduction to the Income Tax Act including the structure of fiscal legislation, administration, and enforcement practices as they pertain to personal income tax. The course includes the calculation of taxable income, calculation of tax, and the completion of personal income tax returns.
Credit Units: 3
Course Hours: 45.0
Prerequisites(s): ACCT 125
Potential Learning Method(s): Lecture/Theory, Online, Prior Learning
Your studies will include an introduction to capital cost allowance, net business income, and net property income. Goods and services tax (GST) and harmonized sales tax (HST) obligations for businesses are also introduced.
Credit Units: 3
Course Hours: 45.0
Prerequisites(s): TAX 201
Potential Learning Method(s): Lecture/Theory, Online, Prior Learning
Total semester credits: 51
Note: Students who completed ACCT 236 (Accounting Information Systems) before June 30, 2021, do not need to complete ACCT 219 (Managment Information Systems). These are not equivalent courses; however, ACCT 236 will be accepted in place of ACCT 219.
