4 hours/week
Lectures, demonstrations of material, and discussions will be used, together with any appropriate technology available which may be of assistance to students.
Credit for ACCT 3008 is subject to the following 3 points:
(i) Students who receive credit for ACCT 3008 before successfully completing one or more of ACCT 1110, ACCT 1210, ACCT 1235, and ACCT 2320 will earn credit for ACCT 3008 and the other course(s) subsequently completed.
(ii) Students who have already received credit for ACCT 1110, ACCT 1210, ACCT 1235, or ACCT 2320 cannot take ACCT 3008 for further credit in any accounting programs.
(iii) Students who take ACCT 3008 in the same term as one or more of ACCT 1110, ACCT 1210, ACCT 1235, or ACCT 2320 will not be granted credit for ACCT 3008 in any accounting programs.
- Overview of financial reporting, analyze and calculate adjustments and their effects on financial statements
- Revenue recognition and financial statement preparation
- Cash, short-term investments, inventory and receivables
- Property, Plant and Equipment, Intangible Assets and Goodwill
- Current and long-term liabilities, including Time Value of Money
- Corporate accounting
- Statement of cash flows
- Financial statement analysis
- Managerial accounting in the information age
- Cost-volume-profit analysis
- Use of cost information in management decision-making
- Budgeting and variance analysis
- Capital budgeting
- Decentralization and performance evaluation
The student should be able to:
- account for the various classifications of assets and liabilities of a business;
- calculate adjustments, determine the effects of adjustments and prepare financial statements, using generally accepted accounting principles;
- analyze financial information to determine the financial health of the organization;
- understand the difference between cash flows and accounting profits (net income);
- develop a master budget and understand the elements of control and strategy implications;
- identify cost behaviour and its impact on the decision-making process;
- use capital budgeting techniques and evaluate and prioritize investments;
- understand and explain the importance of ethics and corporate social responsibility.
|
Assignment(s)/Quizzes/Tests/Cases |
|
30% |
|
Midterm(s) |
|
35% |
|
Final Examination |
|
35% |
| 100% |
STUDENTS MUST WRITE BOTH THE MIDTERM(S) AND THE FINAL EXAMINATION TO OBTAIN CREDIT FOR 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.
Burnley; Financial Accounting, latest edition, Wiley
Jiambalvo, Managerial Accounting, latest edition, Wiley
or other textbook(s) approved by the Accounting Department, and instructor compiled materials (if applicable)
Faculty of Commerce and Business Administration approved calculator.
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