1 Introduction to accounting concepts and fundamental accounting equation
2 Basic mechanics of recording using general journal, general ledger, using accrual basis of accounting
3 Adjusting entries; preparing financial statements
3.1 USALI, USAR and basic income statements including departmental operating statements
3.2 Classified balance sheet
3.3 Statement of retained earnings
4 Closing entries
5 Inventories: perpetual and periodic, cost flow methods, effect of errors, estimated inventory methods, cost of goods sold
6 Accounting for cash: petty cash, bank reconciliation and internal control systems
7 Credit card sales; accounting for bad debts; accounts and notes receivables
8 Subsidiary ledgers and specialized journals
8.1 Subsidiary ledgers, recording and posting
8.2 Special journals, identify
9 Current liabilities, accounts and notes payable, payroll entries, sales tax transactions
10 Plant and equipment; acquisition, amortization/depreciation, disposal and exchange
11 Terminology throughout the content
Lectures, demonstrations of material, and discussions will be used, together with any appropriate technology available which may be of assistance to students.
|Assignment(s)/Quizzes||0% - 10%|
|Midterm examination||25% - 35%|
|Tests or second midterm examination||25% - 35%|
|Final Examination||30% - 35%|
STUDENTS MUST WRITE ALL MIDTERM(S) AND THE FINAL EXAMINATION TO OBTAIN CREDIT FOR THE COURSE. Only approved calculators can be used during any test/examination.
Textbooks and Materials to be Purchased by Students
Weygandt, Kieso, Kimmel and DeFranco Hospitality Financial Accounting, Latest Ed. by Wiley, or other textbook(s) approved by the Department.
Calculator: Any Financial Calculator, non-programmable, only one display line and no alpha key/input. Recommended: BAII Plus and HP 10B.
Courses listed here must be completed prior to this course:
Courses listed here must be completed either prior to or simultaneously with this course:
Courses listed here are equivalent to this course and cannot be taken for further credit:
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|
|Camosun College (CAMO)||CAMO ACCT 130 (3)||2013/01/01 to -|
|Capilano University (CAPU)||CAPU TOUR 116 (3)||2012/01/01 to -|
|Langara College (LANG)||LANG FMGT 1XXX (3)||2011/09/01 to -|
|Okanagan College (OC)||OC BUAD 111 (3)||2016/01/01 to -|