Designed to prepare students for positions in service, or manufacturing organizations where additional management accounting principles and skills would seem more relevant. Successful students will learn to: maintain general and sub-ledgers; prepare, analyze and interpret financial statements; organize financial and management accounting information to assist with an organization's decision making process; utilize current software technology.
Level 1 Group 1 Expected Availability Credits Fall Winter Summer Principles of Accounting 1ACCT-1100 3 Yes Yes Yes This course introduces the student to the Principles of Accounting, and includes an exploration of the underlying concepts that guide the preparation of accounts for individuals and organizations. It is designed to teach the student, regardless of program destination, an essential life skill - an understanding of Net Worth, and its importance to business success and the financial well being of the individual. Principles of Accounting 2ACCT-1011 5 Yes Yes Yes This course is a continuation of the study of Financial Accounting at an introductory level. Students will cover additional material related to: - Asset, liability, and owners'/shareholders' equity, revenue and expense accounts - Accounting for partnerships and corporations - Analysis of financial statements, including balance sheet and income statement - Retained earnings and cash flow Cost Accounting 1ACCT-3022 3 Yes Yes Yes This introductory management accounting course teaches students to employ techniques such as job and process costing, general cost allocations, cost/volume/profit analysis, budgeting, and relevant costing. Students will need a laptop computer with Microsoft in particular Excel. Business LawLAWS-3041 3 Yes Yes Yes This course is an introduction to Canadian Business Law with an emphasis on the law in Ontario and its practical application in business and accounting environments. A mobile computing course (laptop) integrates technology; the students will utilize electronic resources and acquire the ability to identify and respond appropriately to relevant legal situations. Course content includes the constitution and court system, torts, professional liability, contracts, property, security interests and business formations. Applied Computer App's for Accounting 1ACCT-1097 3 Yes Yes Yes This course provides students with additional computer and accounting software skills building on their existing knowledge of Microsoft Excel 2013. Specific emphasis is put on software utilization within accounting situations and use of accounting specific functions. Accounting 1-InterACCT-3036 5 Yes Yes Yes Intermediate Accounting I is a course that builds on the basic understanding of accounting principles. The main goal of this course is to teach students to determine what financial information should be reported and how it should be quantified and disclosed according to generally accepted accounting principles. This course focuses on financial statement presentation and the asset side of the balance sheet. Group 2 Expected Availability Credits Fall Winter Summer Ethical Issues in BusinessMGMT-3021 3 Yes Yes Yes Organizations which are supportive of a positive ethical culture enjoy critical competitive advantages, such as a good reputation and the respect and support of their clients, employees and other stakeholders. This course is designed to assist employees in developing and understanding a framework with which to make ethical decisions. Cases will be drawn from real business situations. Research papers and case studies will be used to formulate the discussion topics. Introduction to Business ProcessesBUSI-1005 3 Yes Yes Yes This course explores the various functional areas of business in Canada and demonstrates the interrelationship among these areas. Students are introduced to many concepts, including major business trends, the role of government in business, marketing, operations, employee-management issues, financial resources management, business ethics and social responsibility. Group 3 Expected Availability Credits Fall Winter Summer Applied QuickBooksACCT-1077 3 No Yes Yes This course teaches the fundamentals of QuickBooks to enable the student to use and set up the software in the workplace.NOTE: It is strongly recommended that students have some fundamental knowledge in accounting (ACCT-1004) and computer applications (COMP-1090) in order to be successful in this course. Applied Simply Accounting for WindowsACCT-1072 3 No No No This course teaches the fundamentals of Simply Accounting to enable the student to use and set up the software in the workplace. NOTE: It is strongly recommended that students have some fundamental knowledge in accounting (ACCT-1004) and computer applications (COMP-1090) in order to be successful in this course. Group 4 Expected Availability Credits Fall Winter Summer Accounting 2-InterACCT-3050 5 Yes Yes Yes This course builds on the basic understanding of accounting principles. The main goal of this course is to teach students how to determine the information that should be reported and how it should be quantified and discolsed according to generally accepted accounting principles. Taxation 1-Personal TaxFINA-3043 5 Yes Yes Yes This course provides the student with a basic knowledge of the structure, purpose and administration of the federal personal income tax system. Organizational Business CommunicationCOMM-6002 3 Yes Yes Yes This course provides an overview of important communication concepts and skills required in business. Topics covered include: writing clear reports and documentation, making effective presentations, and fostering interpersonal skills. Business Microcomputer ApplicationsCOMP-1090 3 Yes Yes Yes An introduction to the use of microcomputers in today's business environment, computer concepts will be covered, including hardware, data communications and software. Hands-on experience will be developed using the Windows operating system as well as the Microsoft Office Application Suite. StatisticsMATH-1045 3 Yes Yes Yes This course is designed to provide students with an understanding of statistics. It includes regression analysis, probabilities and distributions, sampling, statistical estimation, and hypotheses testing. Taxation 2-Personal TaxFINA-3044 3 Yes Yes Yes This course provides the student with a basic knowledge to complete a T1 federal income tax return.
The graduate has reliably demonstrated the ability to:
- Maintain a general ledger and supporting ledgers.
- Prepare, analyze, and interpret financial statements.
- Organize information to assist with an organization's decision process.
- Utilize current software technology to prepare, analyze, and present financial data, such as corporate tax returns and T1 schedules.
- Discuss legal and ethical implications in operating a business.
- Create worksheets to analyze data and product charts and reports.
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