NOTE THAT STUDENTS WHO HAVE TAKEN ACCT 1110 AND ACCT 1210 CANNOT TAKE ACCT 1235 FOR FURTHER CREDIT.
1. Overview of corporate financial reporting.
2. Analyzing transactions and their effects on financial statements.
3. Processing data through the accounting system.
4. Revenue recognition and statement of earnings.
5. Cash, short term investments and accounts and notes receivable.
7. Capital assets – tangible and intangible; goodwill.
8. Current liabilities, contingencies and commitments.
9. Long-term debt and other non-current liabilities.
10. The statement of cash flows.
11. Shareholders’ equity.
12. Financial statement analysis.
Lecture and/or seminar
Evaluation will be carried out in accordance with the Douglas College Evaluation Policy.
Assignments and/or quizzes 20%
Midterm examinations (2 @ 20% each) 40%
Comprehensive final examination 40%
STUDENTS MUST WRITE BOTH THE MIDTERM EXAMINATIONS AND THE FINAL EXAMINATION TO PASS THE COURSE.
To pass this course, students must obtain a minimum of 50% on invigilated assessments, with the 50% calculated on a weighted average basis.
Invigilated assessments include, in-class quizzes, in-class tests, midterm exam(s) and the final exam.
Students may conduct research as part of their coursework in this class. Instructors for the course are responsible for ensuring that student research projects comply with College policies on ethical conduct for research involving humans, which can require obtaining Informed Consent from participants and getting the approval of the Douglas College Research Ethics Board prior to conducting the research.
At the end of the course, the successful student should be able to:
1. describe the functions of accounting records and financial reports;
2. classify, record, and summarize business transactions as they relate to service and merchandising operations;
3. prepare adjusting and closing entries and financial statements;
4. account for the various classifications of assets and liabilities of a business;
5. distinguish between legal forms of business enterprises and the accounting methods appropriate for each;
6. analyze financial information;
7. prepare a statement of cash flows.
Hoskin, Fizzell, et al, Financial Accounting – a User Perspective, John Wiley & Sons Canada Ltd, latest edition
Or other textbook(s) as approved by the ACCT Dept.
Instructor compiled materials (if applicable).
Faculty of Commerce and Business Administration approved calculators only.
Pre-Calculus 11 with a grade of B or better
OR Pre-Calculus 12 with a grade of C+ or better, OR Foundations of Math 11 with a grade of B or better, or equivalent
OR currently active in the:
- PDD Accounting,
- or PDD Accounting Studies,
- or PDD Financial Analysis,
- or PBD Finance,
- or PDD Financial Planning,
- or PBD Accounting & Finance,
- or PBD Accounting
No corequisite courses.
Courses listed here are equivalent to this course and cannot be taken for further credit:
- No equivalency courses
Course Guidelines for previous years are viewable by selecting the version desired. If you took this course and do not see a listing for the starting semester / year of the course, consider the previous version as the applicable version.
|Institution||Transfer Details||Effective Dates|
|Acsenda School of Management (ASM)||ASM ACCT 101A (3)||2010/09/01 to 2014/08/31|
|Acsenda School of Management (ASM)||ASM AC 2201 (3)||2006/01/01 to 2010/08/31|
|Acsenda School of Management (ASM)||ASM ACCT 101B (3)||2014/09/01 to -|
|Alexander College (ALEX)||ALEX COMM 293 (3)||2008/09/01 to -|
|Athabasca University (AU)||AU ACCT 253 (3)||2014/09/01 to -|
|Camosun College (CAMO)||CAMO ACCT 110 (3)||2013/01/01 to -|
|Capilano University (CAPU)||CAPU BFIN 142 (3) or CAPU COMM 293 (3)||2004/09/01 to 2013/08/31|
|Capilano University (CAPU)||CAPU BFIN 142 (3)||2013/09/01 to -|
|College of the Rockies (COTR)||COTR ACCT 261 (3) & COTR ACCT 262 (3)||2014/09/01 to -|
|Columbia College (COLU)||COLU ACCT 251 (3)||2014/09/01 to -|
|Kwantlen Polytechnic University (KPU)||KPU ACCT 2293 (3)||2004/09/01 to -|
|Langara College (LANG)||LANG FMGT 2293 (3)||2004/09/01 to -|
|Nicola Valley Institute of Technology (NVIT)||NVIT ADMN 115 (3)||2014/09/01 to -|
|North Island College (NIC)||NIC BUS 100 (3)||2014/09/01 to -|
|Okanagan College (OC)||OC BUAD 121 (3)||2013/01/01 to -|
|Simon Fraser University (SFU)||SFU BUS 251 (3)||2004/09/01 to -|
|Thompson Rivers University (TRU)||No credit||2004/09/01 to 2014/08/31|
|Thompson Rivers University (TRU)||TRU ACCT 2210 (3)||2014/09/01 to -|
|Trinity Western University (TWU)||TWU BUSI 221 (3)||2004/09/01 to 2013/04/30|
|Trinity Western University (TWU)||TWU BUSI 121 (3)||2013/05/01 to -|
|University Canada West (UCW)||UCW ACCT 101 (3) or UCW ACCT 103 (3) or UCW ACCT 140 (3)||2013/09/01 to 2015/12/31|
|University of British Columbia - Okanagan (UBCO)||UBCO MGMT 1st (3)||2004/09/01 to -|
|University of British Columbia - Vancouver (UBCV)||UBCV COMM 293 (3)||2004/09/01 to -|
|University of Northern BC (UNBC)||UNBC COMM 210 (3)||2004/09/01 to -|
|University of the Fraser Valley (UFV)||UFV BUS 145 (3)||2004/09/01 to -|
|University of Victoria (UVIC)||DOUG ACCT 1235 (3) & DOUG ACCT 2320 (3) = UVIC COM 270 (1.5) & UVIC COM 2XX (1.5)||2013/09/01 to 2019/04/30|
|University of Victoria (UVIC)||UVIC COM 202 (1.5)||2019/05/01 to -|
|University of Victoria (UVIC)||UVIC COM 2XX (1.5)||2004/09/01 to 2019/04/30|
|Vancouver Island University (VIU)||VIU ACCT 100 (3)||2014/09/01 to -|