Accounting (ACCT)

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ACCT 1110  3 credits  
Introductory Financial Accounting I  

Students will learn to prepare financial statements using Canadian Generally Accepted Accounting Principles (GAAP). Students will be introduced to the accounting cycle, accrual accounting concepts, and the asset side of the balance sheet, specifically cash, receivables, inventory, and long-lived assets for service and merchandising companies operating as a sole proprietorship. This course is designed to be followed by ACCT 1210, which covers the liabilities and equity side of the balance sheet as well as partnerships and corporations. For graduation purposes a maximum of 6 credits can be obtained for any combination of ACCT 1110, ACCT 1210 and ACCT 2293.

Level: UG

Attributes: ASTR, BUSI, PW_3, QUAN

ACCT 1160  3 credits  
Accounting Essentials  

Students will learn the basic concepts of financial and managerial accounting. They will study planning, budgeting, and decision-making techniques from a financial perspective. Note: This survey course is intended for students who do not plan to pursue a School of Business credential.

Level: UG

Attribute: BUSI

ACCT 1210  3 credits  
Introductory Financial Accounting II  

Students will further develop their skills in preparing financial statements in accordance with Canadian Generally Accepted Accounting Principles (GAAP). Students will learn recognition and measurement techniques for liabilities, shareholder's equity and investments as well as accounting for partnerships and corporations and preparing cash flow statements. Students will analyze and interpret financial statement results. This course is designed to be preceded by ACCT 1110, which covers the accounting cycle and the assets side of the balance sheet. For graduation purposes a maximum of 6 credits can be obtained for any combination of ACCT 1110, ACCT 1210 and ACCT 2293.

Level: UG

Prerequisite(s): ACCT 1110

Attributes: ASTR, BUSI, PW_3, QUAN

ACCT 2235  3 credits  
Introductory Taxation  

Students will learn the fundamental principles and concepts of Canadian federal income tax, including a conceptual structure of the Income Tax Act, and the Goods and Services Tax ("GST"). Students will learn to apply the rules and regulations to practical cases through detailed exercises and taxpayer scenarios. They will learn to identify and fulfill a taxpayer’s compliance and reporting requirements, including the determination of the components of the taxpayer's Net Income for Tax Purposes, Taxable Income, and the calculation of income taxes payable for an individual. They will also learn to prepare a GST return for businesses.

Level: UG

Prerequisite(s): ACCT 1210 or ACCT 2293

Attributes: ASTR, BUSI, QUAN

ACCT 2293  3 credits  
Intro To Financial Accounting  

Students will learn to prepare and interpret financial statements for corporations in accordance with Canadian Generally Accepted Accounting Principles (GAAP). Students will learn about the accounting information system, accrual accounting concepts, accounting for service and merchandising operations, the reporting and analysis of inventory, receivables, long-lived assets, liabilities, shareholders' equity and investments, and the preparation of cash flow statements. The user-oriented approach will include performance measurement and the evaluation and analysis of financial statements by external decision-makers. This course is an accelerated and condensed version of ACCT 1110 and ACCT 1210. Note: For graduation purposes a maximum of 6 credits can be obtained for any combination of ACCT 1110, ACCT 1210 and ACCT 2293.

Level: UG

Attributes: ASTR, BUSI, QUAN

ACCT 3111  3 credits  
Introduction to Fraud Examination  

Students will analyze the fraud problem and its social and economic impacts. They will examine various issues fundamental to the understanding, prevention, detraction, and deterrence of fraud from a management perspective. Note: Students may be entitled to use this course towards Association of Certified Fraud Examiners requirements.

Level: UG

Prerequisite(s): ACCT 2293, BUSI 2390, CRIM 1107, or permission of instructor.

Attribute: BUSI

ACCT 3310  3 credits  
Intermediate Financial Accounting I  

Students will examine accounting theory and current Canadian practice in the measurement, recording and reporting of financial information, with emphasis on the accounting for assets. For graduation purposes: A maximum of 6 credits can be obtained for any combination of ACCT 3310, ACCT 3410, and ACCT 3510

Level: UG

Prerequisite(s): Both (a) ACCT 1210 or ACCT 2293, and (b) BUQU 1130, MATH 1120, MATH 1130 or MATH 1140.

Attributes: ASTR, BUSI, QUAN

ACCT 3320  3 credits  
Cost and Management Accounting I  

Students will learn how to use internal accounting information for decision making in manufacturing and other organizations. Students will study a variety of management accounting topics such as cost terms and concepts, alternative costing systems, cost/volume/profit relationships, budgeting and profit planning, relevant costing, variance analysis, segmented reporting and the importance of ethics. Note: For graduation purposes, a maximum of 6 credits can be obtained from any combination of ACCT 3320, ACCT 4320 and ACCT 4520.

Level: UG

Prerequisite(s): ACCT 1210 or ACCT 2293

Attributes: ASTR, BUSI, QUAN

ACCT 3335  3 credits  
Taxation  

The students will learn about business income, property income, and capital gains and losses and their tax effects on individual and corporate taxpayers. They will learn about the different types of corporate taxpayers, and how these factors and the sources of income impact on the calculation of corporate tax liabilities, including the small business deduction and the taxation of investment income for Canadian Controlled Private Corporations. The students will learn to identify opportunities for Canadian income tax planning and suggest effective tax solutions, by integrating the tax consequences of business decisions at the personal and corporate level.

Level: UG

Prerequisite(s): ACCT 2235

Attributes: ASTR, BUSI, QUAN

ACCT 3380  3 credits  
Managerial Finance  

Students will be introduced to corporate finance and obtain an understanding of the role and function of financial management. Students will learn financial ratio analysis, how to determine cash flows and time value of money. Students will also learn how to value debt and equity investments, capital budgeting techniques, and they will learn about cost of capital and capital structure. For graduation purposes: A maximum of 6 credits can be obtained for any combination of ACCT 3380, ACCT 4380, and ACCT 4580.

Level: UG

Prerequisite(s): Both (a) ACCT 1210 or ACCT 2293, and (b) BUQU 1130, MATH 1120, MATH 1130 or MATH 1140.

Attributes: ASTR, BUSI, QUAN

ACCT 3410  3 credits  
Intermediate Accounting II  

Students will examine accounting theory and current Canadian practice in the measurement, recording and reporting of financial information with emphasis on the accounting for liabilities and owners' equity. Note: For graduation purposes, a maximum of 6 credits can be obtained for any combination of ACCT 3310, ACCT 3410 and ACCT 3510.

Level: UG

Prerequisite(s): ACCT 3310

Attributes: ASTR, BUSI, QUAN

ACCT 3444  3 credits  
Auditing  

Students will study auditing principles and internal control. Topics covered include audit reporting, audit risk, audit sampling, auditing standards, techniques and procedures. They will compare and contrast the independent and internal audit functions. The focus will be on external independent financial statement audit.

Level: UG

Prerequisite(s): All of: (a) ACCT 3310 or ACCT 3510, (b) CBSY 2306 or CBSY 2205, and (c) BUQU 1230, CRIM 2103, MATH 1115, MATH 2341, PSYC 2300 or SOCI 2365.

Attribute: BUSI

ACCT 3510  6 credits  
Intermediate Financial Accounting I & II  

Students will examine accounting theory and current Canadian practice in the measurement, recording, and reporting of financial information. Note: For graduation purposes, a maximum of 6 credits can be obtained for any combination of ACCT 3310, 3410 and 3510.

Level: UG

Prerequisite(s): All of (a) ACCT 1210 or ACCT 2293, (b) BUQU 1130, MATH 1120, MATH 1130 or MATH 1140, and (c) 3 credits from a course in ACCT at the 3000 level.

Attributes: BUSI, QUAN

ACCT 4111  3 credits  
Introduction to Organizational Fraud  

Students will explore fraud in organizations, including its social and economic impact from a Canadian management perspective. Students will learn the fundamentals of recognizing, deterring, and detecting internal fraud. They will be introduced to fraud-specific terminology and current research. Students will explore fraud in organizations, including the economic, social and financial reporting impact from a Canadian management perspective, including how people and technology both contribute to, and may be used to mitigate, fraud risk.

Level: UG

Prerequisite(s): 60 credits from courses at the 1100 level or higher.

Attribute: BUSI

ACCT 4120  3 credits  
Financial Statement Presentation and Analysis  

Students will investigate financial statement presentation, including proper note disclosure appropriate for publication according to generally accepted accounting principles (GAAP) with an emphasis on International Financial Reporting Standards (IFRS). Students will analyze and evaluate financial statements in the form of published annual reports, with special emphasis on different industry-specific presentation and disclosure styles. Students will study differences in international accounting standards. Students will prepare case analysis requiring integration of information and using both qualitative and quantitative analysis.

Level: UG

Prerequisite(s): All of: (a) CMNS 3000 or ENTR 3000, (b) ENTR 3100 or ENTR 3140, and (c) 9 credits from courses in ACCT at the 4000 level.

Attributes: ASTR, BUSI

ACCT 4150  3 credits  
International Issues for Financial Managers  

Students will study specific topics in international financial management. They will learn about the international business environment within which a multinational entity operates and about foreign exchange markets. Students will learn about risks arising from doing business internationally and strategies how to manage these risks. Students will apply financial management concepts such as availability and cost of capital, capital budgeting, working capital management and taxation in a multi-national environment.

Level: UG

Prerequisite(s): 9 credits from courses in ACCT at the 3000 level or higher, including ACCT 3380. ACCT 4380 is strongly recommended.

Attribute: BUSI

ACCT 4199  3 credits  
Accounting Theory  

Students will study practical and theoretical models, including: market efficiency, present value accounting, standard setting, executive compensation, earnings management and agency theory. They will examine the contributions of economics, finance and other disciplines to accounting theory, and will evaluate current issues and problems in the field.

Level: UG

Prerequisite(s): All of: (a) ACCT 3380, (b) ACCT 3410 or ACCT 3510, and (c) CMNS 3000 or ENTR 3000.

Co-requisite(s): ACCT 3410 for those who have not previously completed 3510

Attribute: BUSI

ACCT 4320  3 credits  
Cost and Management Accounting II  

Students will study a variety of management accounting topics including flexible budgets, standard costs, variance analysis and investigation decisions, cost behavior, cost allocation. Topics also covered are: linear programming, joint products and by-products, special issues of process costing, alternative inventory models, pricing theory and strategies, and decentralization and transfer pricing. In addition, the course will cover the quality, operations costing, backflush costing, statistical analysis and linear models as well as selected current issues. For graduation purposes: A maximum of 6 credits can be obtained for any combination of ACCT 3320, ACCT 3420, and ACCT 3520.

Level: UG

Prerequisite(s): ACCT 3320

Attributes: BUSI, QUAN

ACCT 4335  3 credits  
Taxation 2  

The students will study a variety of complex tax issues such as corporate reorganizations, amalgamation, wind-up, loss utilization and the limitation of losses from an acquisition of control, estate-planning, business acquisitions and divestitures either in the form of assets or shares. They will also learn about specialized topics such as the use of partnerships and trusts as tax planning tools, and the taxation of non-residents. In analyzing and integrating the business, financial, succession-planning and income tax consequences of these complex transactions and situations, the students will gain a deeper understanding of the effects of the Income Tax Act on business decisions.

Level: UG

Prerequisite(s): Both (a) ACCT 3335, (b) CMNS 3000 or ENTR 3000.

Attributes: BUSI, QUAN

ACCT 4360  3 credits  
Advanced Financial Modelling using Spreadsheets  

Students will learn to analyze and solve financial problems in cost accounting, capital budgeting and linear programming using spreadsheets. Students will build pro-forma financial statements, discounted cash flow models and learn to work with pivot tables applied to data mining and analysis situations. Students will also use statistical techniques, such as single/multi-variable regression analysis and various forecasting methodologies using Stat-Tools software.

Level: UG

Prerequisite(s): All of: (a) ACCT 3380, (b) ACCT 4320 or ACCT 4520, (c) CBSY 2306 or CBSY 2205, and (d) BUQU 1230, MATH 1115, MATH 2341, CRIM 2103, PSYC 2300 or SOCI 2365. Note: ACCT 4380 is strongly recommended.

Attributes: ASTR, BUSI

ACCT 4380  3 credits  
Intermediate Corporate Finance  

Students will describe, apply and evaluate corporate finance techniques used in forecasting, financial planning, working capital management and dividend policy decisions. Students will apply valuation techniques to more advanced business valuations. Students will learn about derivative financial instruments, mergers and acquisitions and they will be introduced to international corporate finance. For graduation purposes: A maximum of 6 credits can be obtained for any combination of ACCT 3380, ACCT 4380, and ACCT 4580

Level: UG

Prerequisite(s): ACCT 3380 and 6 credits from courses in ACCT at the 3000 level or higher.

Attributes: BUSI, QUAN

ACCT 4445  3 credits  
Auditing 2  

Students will learn how to prepare an audit file using a computerized application with focus on the audit process from planning to completion. Students will study current and advanced issues affecting the auditing profession, with exposure to various special audit and review engagements.

Level: UG

Prerequisite(s): All of: (a) ACCT 3444, (b) CMNS 3000 or ENTR 3000, and (c) ENTR 3100 or ENTR 3140.

Attribute: BUSI

ACCT 4455  3 credits  
Advanced Financial Accounting  

Students will study the current issues in financial reporting, intercorporate investments and business combinations, foreign operations, not-for-profit organizations, interim reports, segmented information, partnerships and joint ventures.

Level: UG

Prerequisite(s): ACCT 3410 or ACCT 3510.

Attribute: BUSI

ACCT 4520  6 credits  
Management Accounting I & II  

Students will study a variety of management accounting topics including cost terms and concepts, cost-volume-profit relationships, job-costing, budgeting, variance analysis, alternative costing methods, understanding how costs behave, relevant costing, linear programming, pricing decisions, balanced scorecard, and cost allocation. They will also study joint products and by-products, process costing, quality and time issues, inventory management, and decentralization and transfer pricing. Note: For graduation purposes, a maximum of 6 credits can be obtained from any combination of ACCT 3320, ACCT 4320 and ACCT 4520.

Level: UG

Prerequisite(s): Both (a) ACCT 1210 or ACCT 2293, and (b) 3 credits from courses in ACCT at the 3000 level.

Attributes: ASTR, BUSI, QUAN

ACCT 4580  6 credits  
Corporate Finance  

Students will develop an understanding of the role and function of financial management, financial analysis, determination of cash flows, time value of money, valuation of investments, capital budgeting, cost of capital and capital structure. Students will continue to cover more advanced topics in corporate finance such as forecasting, advanced valuation and capital structures, working capital management and dividend policy. Sources of capital, mergers and acquisitions, derivative instruments and international corporate finance are also covered. For graduation purposes: A maximum of 6 credits can be obtained for any combination of ACCT 3380, ACCT 4380, and ACCT 4580

Level: UG

Prerequisite(s): Both (a) ACCT 1210 or ACCT 2293, and (b) BUQU 1130, MATH 1120, MATH 1130 or MATH 1140.

Attributes: ASTR, BUSI, QUAN

ACCT 4650  3 credits  
Not-For-Profit Management and Financial Reporting  

Students will learn the unique aspects of management and financial reporting for not-for-profit organizations (NFPO). Students will learn the legal process and tax implications of incorporation and the distinction between NFPOs and registered charities. Students will gain real-world experience by volunteering with a NFPO and conducting an integrated analysis of structure, governance, strategic planning, fundraising, volunteer management, performance measurement, financial management and annual reporting of the NFPO.

Level: UG

Prerequisite(s): All of: (a) ACCT 3310 or ACCT 3510 and (b) ACCT 3320 or ACCT 4520 and (c) CMNS 3000 or ENTR 3000

Attribute: BUSI

ACCT 4720  3 credits  
Advanced Managerial Accounting  

Students will utilize advanced managerial accounting theories in planning and decision making in various business situations. Students will assess overall business needs. Students will design and evaluate integrative management accounting strategies through case analysis and projects.

Level: UG

Prerequisite(s): All of: (a) CMNS 3000 or ENTR 3000, (b) ENTR 3100 or ENTR 3140, and (c) 12 credits from courses in ACCT at the 4000 level.

Attributes: ASTR, BUSI, QUAN

ACCT 4780  3 credits  
Advanced Corporate Finance  

Students will learn to apply current financial management theories using a case-based approach. Students will apply corporate finance techniques to maximize the economic value of the firm for its shareholders. Students will learn how to identify and resolve the issues, problems and challenges faced by financial managers in today's complex financial environment.

Level: UG

Prerequisite(s): ACCT 3380 and 6 credits from courses in ACCT at the 3000 level or higher. ACCT 4380 is strongly recommended.

Attributes: BUSI, QUAN

ACCT 5110  4 credits  
Intermediate Financial Accounting  

Students will examine accounting theory including the conceptual framework of financial reporting and current Canadian practice in the measurement, recording and reporting of financial information using both International Financial Reporting Standards (IFRS) and Accounting Standards for Private Enterprises (ASPE). This course is designed to meet the entry requirements for the Chartered Professional Accountant (CPA) Professional Education Program (PEP).

Level: UG

Prerequisite(s): ACCT 2293 (B-) Note: It is recommended that this course was taken within the last three years.

Attributes: ASTR, BUSI, F2A7

ACCT 5220  3 credits  
Introductory Managerial Accounting  

Students will study introductory topics in managerial accounting including: an introduction to managerial costing terms, concepts, product costing, cost behaviors and cost-volume-profit analysis; job and activity based costing systems; a basic framework of budgeting for both merchandising firms and manufacturing operations; standard costing and variance analysis; relevant costing, segmented statements and analyses of various management strategic and operational decisions; an introduction to performance measurement. This course is designed to meet the entry requirements for the Chartered Professional Accountant (CPA) Professional Education Program (PEP).

Level: UG

Prerequisite(s): ACCT 2293 (B-) Note: It is recommended that this course was taken within the last three years.

Attributes: ASTR, BUSI, F2A7

ACCT 5335  4 credits  
Taxation  

Students will learn the fundamental principles and rules of the Federal Income Tax Act, the Excise Tax Act, and the administrative processes of the Canada Revenue Agency, to assist and advise individual and corporate taxpayers in determining their tax liabilities, and meeting their tax compliance and reporting requirements. They will analyze the taxpayer profiles and financial transactions in order to identify, evaluate and recommend appropriate tax-planning opportunities and strategies. This course is designed to meet the entry requirements for the Chartered Professional Accountant (CPA) Professional Educational Program (PEP).

Level: UG

Prerequisite(s): Either (a) ACCT 1110 (B-) and ACCT 1210 (B-) or (b) ACCT 2293 (B-) Note: It is recommended that this course was taken within the last three years

Attributes: ASTR, BUSI, F2A7

ACCT 5480  4 credits  
Corporate Finance  

Students will obtain an understanding of the basic concepts in corporate finance: the role and function of financial management, financial analysis, determination of cash flows, time value of money, valuation of investments, capital budgeting, cost of capital, sources of capital and capital structure, working capital management and dividend policy. Mergers and acquisitions, derivative instruments and international corporate finance topics are also introduced. This course is designed to meet the entry requirements for the Chartered Professional Accountant (CPA) Professional Education Program (PEP).

Level: UG

Prerequisite(s): Either (a) ACCT 1110 (B-) and ACCT 1210 (B-) or (b) ACCT 2293 (B-) Note: It is recommended that this course was taken within the last three years

Attributes: ASTR, BUSI, F2A7

ACCT 5510  4 credits  
Advanced Financial Accounting  

Students will study advanced issues in financial reporting, including intercorporate investments, business combinations, foreign exchange, foreign operations, and not-for-profit organizations. This course is designed to meet the entry requirements for the Chartered Professional Accountant (CPA) Professional Education Program (PEP).

Level: UG

Prerequisite(s): ACCT 5110

Attributes: ASTR, BUSI, F2A7

ACCT 5645  4 credits  
Audit and Assurance  

Students will study auditing principles and internal control. They will explore at length the nature and purpose of audit and assurance engagements and the principles behind these engagements. Topics covered include planning, methodology, standards, documentation, evidence, materiality, risk, internal controls, audit testing, audit reports, internal audit and current standards. The focus will be on external independent financial statement audits. This course is designed to meet the entry requirements for the Chartered Professional Accountant (CPA) Professional Education Program (PEP).

Level: UG

Prerequisite(s): ACCT 5110

Attributes: ASTR, BUSI, F2A7

ACCT 5720  3 credits  
Advanced Managerial Accounting  

Students will study a variety of management accounting topics and utilize advanced managerial accounting theories in planning and decision making in various business situations, which may include case analysis and projects. This course is designed to meet the entry requirements for the Chartered Professional Accountant (CPA) Professional Education Program (PEP).

Level: UG

Prerequisite(s): ACCT 5220

Attributes: ASTR, BUSI, F2A7

ACCT 5800  4 credits  
Strategy and Governance  

Students will understand and assess the role of corporate governance within an organization. They will design and compare alternative business strategies and their associated objectives and actions as well as the implications of implementation. NOTE: This course is designed to meet the competency-based entry requirements for the Chartered Professional Accountant (CPA) Professional Educational Program (PEP).

Level: UG

Prerequisite(s): BUSI 2390, ACCT 5110, ACCT 5220, ACCT 5335, and ACCT 5480

Attributes: ASTR, BUSI, F2A7

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