Accounting, Bookkeeping & Finance   

This course introduces the student to how accounting information is used by, and meets the needs of both internal and external users through effective and efficient communication as well as what accounting information is required by a business concern to reflect clearly the operating results of the enterprise over its operating life. Throughout the course, students will be introduced to generally accepted accounting principles,the interpretation and preparation of financial statements and how this information is recorded in the various business records. Textbook Required. 

Software Required: MS Word & MS Excel, Wiley PLUS is a required resource. A direct link to purchase will be available within the course learning platform once the course starts.

This course introduces the student to how accounting information is used by, and meets the needs of both internal and external users through effective and efficient communication as well as what accounting information is required by a business concern to reflect clearly the operating results of the enterprise over its operating life. Throughout the course, students will be introduced to generally accepted accounting principles,the interpretation and preparation of financial statements and how this information is recorded in the various business records. Textbook Required. 

Software Required: MS Word & MS Excel, Wiley PLUS is a required resource. A direct link to purchase will be available within the course learning platform once the course starts.

In this second of the two introductory accounting courses, students will expand their understanding of accounting principles and concepts while covering specific topics including: capital assets, corporations' shareholders' equity, and bonds payable. Preparation of the Statements of Retained Earnings and Cash flows will also be covered. Finally, the students will expand their understanding of the role of financial statement users by studying financial statement analysis. Prerequisite: Accounting Basics 1 or equivalent Textbook Required. 

Software Required: MS Word & MS Excel, Wiley PLUS is a required resource in the course. A direct link to purchase will be available within the course learning platform once the course starts.

 

In this second of the two introductory accounting courses, students will expand their understanding of accounting principles and concepts while covering specific topics including: capital assets, corporations' shareholders' equity, and bonds payable. Preparation of the Statements of Retained Earnings and Cash flows will also be covered. Finally, the students will expand their understanding of the role of financial statement users by studying financial statement analysis. Prerequisite: Accounting Basics 1 or equivalent Textbook Required. 

Software Required: MS Word & MS Excel, Wiley PLUS is a required resource in the course. A direct link to purchase will be available within the course learning platform once the course starts.

 

This introductory financial accounting course provides learners with an overview of the accounting process. Using generally accepted accounting principles (GAAP), and industry standard accounting software, learners gain the foundational skills and knowledge required to complete the accounting cycle, process adjusting entries and closing processes, and prepare a rudimentary set of financial statements for service and merchandising entities. Learners discuss the fundamental elements of accounting and their impact on business operations, business ethics, and regulatory practices.

Software Required: MS Teams for scheduled lectures/seminars each week. 

This course in Advanced Accounting will emphasize the following accounting topics: recording and reporting of inter-corporate investments and business combinations, consolidation of subsidiaries, foreign currency transactions, foreign operations reporting, and financial reporting in the not-for-profit sector. Standard setting both internationally and in Canada will be discussed relating to IFRS and ASPE. Professional judgment and the ability to apply conceptual principles and accounting policies will be developed and enhanced so that students may embark on a successful career in the accounting profession. Textbook Required.

This course is an introduction for students who have not had any experience in auditing and covers the auditing concepts and procedures of external auditing. The aim is for students to understand the philosophy and environment of auditing. Topics covered include an overview of auditing with special attention given to the nature and economic purpose of audits; reporting, professional standards and ethics; legal liability; audit objectives, evidence, and documentation; planning and analysis; materiality and risk; and internal control. Prerequisite: Intermediate Accounting 2. Textbook required.

This course provides an overview of financial management and covers financial statement analysis, forecasting, operating and financial leverage, working capital management, and sources of short-term financing. It provides a brief review of time value of money concepts as a stepping stone for capital budgeting decisions to be reviewed in Business Finance 2. Some long-term financing valuation concepts are also addressed. Prerequisite: Intermediate Accounting 2. Textbook required.

This course is designed to provide a theoretical or conceptual framework that students can use to make decision in the Canadian Business environment. Topics include: capital markets in Canada, investment underwriting, long term debt versus lease financing, common and preferred stock financing, dividend policy and retained earnings, derivatives, convertibles, warrants, and external growth through mergers. Prerequisite: Business Finance 1. Textbook required.

This course introduces students to a multi-module accounting software program designed for small to medium-size businesses. Students will use the software and their knowledge of Generally Accepted Accounting Principles (GAAP) to create and maintain accounting records, including period end procedures and the creation of financial statements for sole proprietorships. Formally known as Sage 50 - (Uses Sage 50) Prerequisite: Accounting Basics 1 or equivalent. Textbook Required. 

Software Required: Students will be instructed in the first week of the course on how to install a free student version of the software (obtained through purchase of correct textbook).
System Requirements: Processor operating at 1.0 GHz or higher (2.0 GHz recommended), 4GB of RAM (6 GB recommended), 2 GB hard disk space (additional 1GB needed for installation), Latest version of Internet Explorer, Microsoft® supported version of Windows 7, Windows 8.1, or Windows 10 (with the latest updates from Microsoft)

This course introduces managerial accounting concepts and terminology including the elements of a job costing system, the application of cost-volume-profit analysis, and the application of job order costing, process costing, and activity-based costing. Prerequisite: Accounting Basics 1. Textbook Required.

This course introduces managerial accounting concepts and terminology including the elements of a job costing system, the application of cost-volume-profit analysis, and the application of job order costing, process costing, and activity-based costing. Prerequisite: Accounting Basics 1. Textbook Required.

This course examines the various approaches to the treatment of fixed manufacturing overhead on income statements, various approaches for measuring performance including use of segmented income statements, various methods of allocating service department costs and the costs of a joint processes, various methods of arriving at prices for products and services, the nature and importance of accounting for quality costs, and various methods of analyzing cost behavior. This course continues to introduce managerial accounting concepts and terminology. The key topics include cost behaviour, inventory costing, budgeting and control, standard costs and variance analyses, relevant costs for decision making, and allocation of service department costs. Prerequisite: Cost and Managerial Accounting I. Textbook Required.

This course examines the various approaches to the treatment of fixed manufacturing overhead on income statements, various approaches for measuring performance including use of segmented income statements, various methods of allocating service department costs and the costs of a joint processes, various methods of arriving at prices for products and services, the nature and importance of accounting for quality costs, and various methods of analyzing cost behavior. This course continues to introduce managerial accounting concepts and terminology. The key topics include cost behaviour, inventory costing, budgeting and control, standard costs and variance analyses, relevant costs for decision making, and allocation of service department costs. Prerequisite: Cost and Managerial Accounting I. Textbook Required.

This course introduces the student to the concepts and procedures of the time value of money calculations used in Mathematics of Finance.  It covers topics in simple interest, compound interest, simple and general annuities, bonds and cost-benefit analysis. Prerequisite: Grade 12 math. Textbook required.

Software Required: Word 2000 or higher.

This course is offered to business majors. This course gives you an overview of the financial reporting process. It concentrates on the recording process and the production of financial statements. The course introduces simple tools to allow you to analyze financial information and explain the information contained in the financial statements in your future roles as managers, investors, or other users of financial accounting information. Textbook required.

This course covers the framework of financial accounting and the statements of comprehensive income, financial position and changes in equity, as well as providing an in-depth coverage of revenue recognition, cash, receivables, and property, plant and equipment. Prerequisite: Accounting Basic 2. Textbook Required.

This course is designed to give the student an understanding a solid foundation in financial reporting with a focus on current assets, property, plant, and equipment. Revenue and expense recognition, cash, receivables and inventory will also be covered. Prerequisite: Intermediate Accounting 1. Textbook required.

This course emphasizes the critical concepts of liabilities and equities. Topics include; liabilities, shareholders’ equity, complex debt and equity instruments and accounting for income taxes. Prerequisite: Intermediate Accounting 2. Textbook required.

Learn financial and management accounting concepts and techniques, focusing on the relationships between management of performance and basic management functions of planning, coordination and control. It is recommended that students have a basic knowledge of accounting before taking this subject. Prerequisite: Diploma/Degree or equivalent work experience. Introduction to Human Resource Management (or equivalent). Textbook required. NOTE: This course has mandatory group work.

Learn financial and management accounting concepts and techniques, focusing on the relationships between management of performance and basic management functions of planning, coordination and control. It is recommended that students have a basic knowledge of accounting before taking this subject. Prerequisite: Diploma/Degree or equivalent work experience. Introduction to Human Resource Management (or equivalent). Textbook required. NOTE: This course has mandatory group work.

This course covers the following topics: maintaining payroll records; salaried, hourly, commission and contract workers; taxable benefits, statutory and other deductions; preparation of payroll journal entries; preparation of Records of Employment; preparation of T4s and T4 Summary; Workers' Compensation; Employment Standards; and validate the use of Computerized Payroll systems. This course has mandatory chats. No Textbook Required.

This course covers the following topics: maintaining payroll records; salaried, hourly, commission and contract workers; taxable benefits, statutory and other deductions; preparation of payroll journal entries; preparation of Records of Employment; preparation of T4s and T4 Summary; Workers' Compensation; Employment Standards; and validate the use of Computerized Payroll systems. This course has mandatory chats. No Textbook Required.

This course covers the following topics: maintaining payroll records; salaried, hourly, commission and contract workers; taxable benefits, statutory and other deductions; preparation of payroll journal entries; preparation of Records of Employment; preparation of T4s and T4 Summary; Workers' Compensation; Employment Standards; and validate the use of Computerized Payroll systems. This course has mandatory chats. No Textbook Required.

This course introduces students to the factors that influence personal and societal finances. Through an understanding of basic principles, vocabulary and concepts, students adjust to changing situations by recognizing the ways that new practices or trends affect personal finance. Students recognize and understand personal values, how they change throughout the lifecycle and how they influence financial decisions. Textbook required.

Examine the difference between QuickBooks Pro and QuickBooks Online (QBO, a cloud-based accounting software program). Apply key features including: tracking and communicating with customers, invoicing, supplier management, profitability analysis, HST management and reporting. Prerequiste: Knowledge of basic accounting and Windows Textbook Required

Examine the difference between QuickBooks Pro and QuickBooks Online (QBO, a cloud-based accounting software program). Apply key features including: tracking and communicating with customers, invoicing, supplier management, profitability analysis, HST management and reporting. Prerequiste: Knowledge of basic accounting and Windows Textbook Required

This is an introductory course to federal income tax in a Canadian setting. Students will gain an understanding of the underlying objectives and principles of income taxation. Topics include employment income, business income, income from property, investment income and capital gains. Personal tax returns for individuals will be completed both manually and using a tax preparation software program. Prerequisite: Accounting Basics 1 and Accounting Basics 2. Textbook required.
Software Required: Excel. This course is not for MAC users. Please note the tax software used is only available in a Windows PC version at this time.

This is an introductory course to federal income tax in a Canadian setting. Students will gain an understanding of the underlying objectives and principles of income taxation. Topics include employment income, business income, income from property, investment income and capital gains. Personal tax returns for individuals will be completed both manually and using a tax preparation software program. Prerequisite: Accounting Basics 1 and Accounting Basics 2. Textbook required.
Software Required: Excel. This course is not for MAC users. Please note the tax software used is only available in a Windows PC version at this time.

The course deals with the liability for income tax for corporations. The determination of net income for tax purposes, taxable income and taxes payable will be examined in detail, for unincorporated businesses and corporations. The laptop computer will be used throughout this course to enhance delivery and application of the subject material. Profile T1 and T2 software will be used throughout the course. Prerequisite: Taxation 1. Textbook required.

This course emphasizes the critical concepts of liabilities and equities. Topics include; liabilities, shareholders’ equity, complex debt and equity instruments and accounting for income taxes. Prerequisite: Intermediate Accounting 2. Textbook required.

Examine the difference between QuickBooks Pro and QuickBooks Online (QBO, a cloud-based accounting software program). Apply key features including: tracking and communicating with customers, invoicing, supplier management, profitability analysis, HST management and reporting. Prerequiste: Knowledge of basic accounting and Windows Textbook Required