- Review of financial reporting theory.
- Changing process and financial reporting.
- Not-for-profit organizations.
- Intercorporate investments and business combinations.
- Advanced consolidations.
- Foreign currency transactions and translations.
- Segmented information.
- Joint ventures.
Lectures and group discussions.
STUDENTS MUST WRITE BOTH THE MIDTERM EXAMINATION 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.
At the end of the course, the successful student should be able to:
- translate a foreign subsidiary’s financial statements into Canadian dollars in accordance with generally accepted accounting principles (GAAP);
- prepare consolidated financial statements in accordance with GAAP for corporations with subsidiaries, joint ventures and foreign operations;
- record and report foreign currency transactions, including hedging transactions;
- prepare financial statements for not-for-profit organizations in accordance with GAAP;
- explain the accounting issues relating to segmented reporting;
- demonstrate awareness of ethical and professional standards and responsibilities of financial management professionals.
Textbooks and Materials to be Purchased by Students
Murray W. Hilton. Modern Advanced Accounting in Canada, latest Canadian edition. McGraw-Hill Ryerson, Toronto, or equivalent.
Instructor compiled materials (if applicable)
Only Faculty of Commerce and Business approved calculators may be used for tests and examinations
ACCT 3310 with a grade of “C” or better, AND ACCT 3410 with a grade of “C” or better
OR ACCT 3310 with a grade of “C” or better AND currently active in the PDD Accounting or PDD Accounting Studies or PBD Accounting or PBD Accounting & Finance
Courses listed here must be completed either prior to or simultaneously with this course:
- 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|
|Kwantlen Polytechnic University (KPU)||KPU ACCT 4455 (3)||2007/09/01 to -|
|Langara College (LANG)||LANG FMGT 3121 (3)||2012/01/01 to -|
|Simon Fraser University (SFU)||No credit||2007/09/01 to -|
|Thompson Rivers University (TRU)||TRU BBUS 420 (3)||2009/05/01 to 2010/08/31|
|Thompson Rivers University (TRU)||TRU BBUS 4200 (3)||2010/09/01 to -|
|Trinity Western University (TWU)||TWU BUSI 421 (3)||2007/09/01 to -|
|University Canada West (UCW)||UCW ACCT 440 (3)||2015/05/01 to -|
|University of the Fraser Valley (UFV)||UFV BUS 439 (3)||2007/09/01 to -|
|University of Victoria (UVIC)||UVIC COM 4XX (1.5)||2007/09/01 to -|