Course Description
In this comprehensive business applications course students apply methodical approach for addressing scenarios that deal with financial accounting, management accounting, finance, ethics, communication, taxation, audit and information systems issues. Competencies gained from pre-requisite courses will be used to refine workplace skills relating to communication, critical thinking, management and analysis of information, routine problem solving, personal management and teamwork and accounting ethics
Course Content
The following technical skills will be included in comprehensive business applications where students will be required to apply the CPA Way where applicable and effectively communicate the findings:
- Revenue and relevant cost analysis, as well as look at control weaknesses in an accounting system.
- Adjusting journal entries, cost-volume-profit analysis, tax reporting and remittances.
- Financial statement and ratio analysis, ethics, analysis of systems requirements, uncertainty and capital budgeting.
- Knowledge of responsibility centres, financial statement analysis and pro forma statements, as well as accounting information systems implementation.
- Technical topics such as due diligence, audit planning and audit evidence.
- Skills relating to audit, financial statement preparation, revenue recognition, accounting for leases, corporate income tax issues, and potential synergies in the situation.
- Technical skills in financial statement preparation, revenue recognition, accounting for leases, business combinations, consolidated financial statements and the calculation of corporate income tax.
Learning Activities
In this course, students engage in a variety of learning activities such as lecture, group work, case studies, and team-based exercises.
Means of Assessment
Assessment will be based on course objectives, and will be carried out in accordance with the Douglas College Evaluation Policy. The following is a summary of the evaluation components:
| Group case studies (minimum four) |
50% |
| Individual presentation on technical content |
20% |
| Final Exam - case analysis |
30% |
Students must complete the individual presentation and write final exam 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, presentation on technical content and the final exam.
Learning Outcomes
At the end of this course, the successful student, through individual and team work, should be able to:
- Apply technical competencies gathered in financial accounting, management accounting, finance, ethics, communication, taxation, audit and information systems issues to problem solving scenarios.
- Use the CPA Way to analyze and evaluate real-world situations.
- Identify relevant stakeholders and provide useful financial information as needed.
- Demonstrate good teamwork and communication skills.
Textbook Materials
Published accounting case studies to be purchased by students.
Other resources to be determined by instructor and appoved by Accounting Department.