Curriculum Guideline

Business Applications

Effective Date:
Course
Discontinued
No
Course Code
ACCT 4890
Descriptive
Business Applications
Department
Accounting
Faculty
Commerce & Business Administration
Credits
3.00
Start Date
End Term
201920
PLAR
No
Semester Length
15 weeks
Max Class Size
30
Contact Hours
4 hours per week
Method Of Instruction
Lecture
Online
Hybrid
Methods Of Instruction

Lectures and/or on-line

Course Description
In this comprehensive business applications course students apply the ACAF Method to 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, 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 applying the ACAF Method 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 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 ACAF Method to analyze and evaluate real-world situations
  • Identify relevant stakeholders and provide useful financial information as needed. 
  • Demonstrate good teamwork and communication skills
Means of Assessment
Individual and group assignments and presentation (s) 30%
Mid-term Exam 30%
Final Exam 40%

Students must write both mid-term and final exam to pass the course

Textbook Materials

Resources to be determined by instructor and appoved by CPA (ACAF) or Accounting Department.

Prerequisites

ACCT 3370ACCT 3420, ACCT 3470, ACCT4510, ACCT 4750, CSIS 2200 and FINC 2340, with a grade "C" or better in each course.