Accounting (ACC)

ACC-1125  Service-Based Accounting  (1.5 Credits)  

An overview of basic accounting concepts for service-based businesses and organizations. Includes theoretical concepts and exposure to an integrated accounting software package for all aspects of the accounting cycle.

Instruction (3)

Equivalent to ACC-125.

ACC-1126  Accounting Basics  (1.5 Credits)  

This course is an overview of basic accounting. Topics include an introduction to journals, ledgers, bank reconciliation, payroll, petty cash, GST, and other related accounting transactions. This course is not eligible as an elective in the Business Administration program.

Instruction (3)

Equivalent to ACC-126.

ACC-1146  Bookkeeping  (3 Credits)  

An introduction to bookkeeping. Emphasis is on using accepted accounting principles to complete procedures and statements required for the basic accounting cycle for service businesses and organizations. Includes special journals, bank reconciliation, payroll, petty cash, GST and PST.

Instruction (3)

Equivalent to ACC-146.

ACC-1170  Financial Accounting I  (3 Credits)  

An introduction to fundamental accounting principles and concepts, the accounting cycle, worksheet preparation, accounting for sales and purchases of merchandise, cash control procedures, and valuation of receivables and inventories. Other topics include financial statement preparation and payroll. Emphasis on integrating basic accounting concepts with practice for sole proprietorships.

Instruction (3)

Equivalent to ACC-170, ACC-171.

ACC-1175  Financial Accounting II  (3 Credits)  

Accounting principles and practice related to partnerships and corporations. Includes accounting for capital and intangible assets, natural resources, and current and long-term liabilities. Analysis and interpretation of financial statements and budgeting are also featured.

Instruction (3)

Equivalent to ACC-175, ACC-173.

Requisite courses: Take ACC-1170 (Required, Previous).

ACC-2250  Management Accounting I  (3 Credits)  

A study of concepts of management accounting, including accounting for planning and control. Includes manufacturing statements; cost-volume-profit relationships; job order and process costing; actual, normal, and standard cost systems; flexible budgets; inventory planning, control, and costing; and accounting for payroll.

Instruction (4)

Equivalent to ACC-250.

Requisite courses: Take ACC-1175 (Required, Previous).

ACC-2251  Management Accounting II  (3 Credits)  

An in-depth coverage of profit planning, cost allocations, joint and by-product costing, inventory planning, as well as relevant costs and the contribution approach. Includes analysis of accounting systems, internal control, performance measurement, variance and analysis, and absorption versus variable costing statements.

Instruction (4)

Equivalent to ACC-251.

Requisite courses: Take ACC-1175 (Required, Previous).

ACC-2271  Intermediate Financial Accounting I  (3 Credits)  

An in-depth exploration of accounting principles and the requirements for corporate financial reporting and presentation. Includes disclosure requirements, revenue recognition, as well as accounting for cash, receivables, inventory, investments, capital and intangible assets. Emphasis on analysis of financial performance.

Instruction (4)

Equivalent to ACC-271.

Requisite courses: Take ACC-1175 (Required, Previous).

ACC-2273  Intermediate Financial Accounting II  (3 Credits)  

Builds on prior knowledge of the complexities of accounting principles for corporate financial presentation. In-depth emphasis on liabilities and shareholder equity. Includes leases, pensions and accounting errors.

Instruction (4)

Equivalent to ACC-273.

Requisite courses: Take ACC-1175 (Required, Previous).

ACC-2278  Computerized Accounting for Management  (3 Credits)  

Simulated business scenarios support a hands-on approach to performing accounting functions with pre-packaged computer software. Course includes the set-up and ongoing maintenance of the general ledger, accounts receivable, accounts payable, payroll and inventory modules. Not available for supplemental.

Instruction (3)

Equivalent to ACC-278, ACC-276.

Requisite courses: Take ACC-1170 or ACC-1146 (Required, Previous).