Your studies will focus on an introduction to financial accounting designed to provide you with accounting skills to handle business transactions. The course will include bookkeeping techniques, accounting for a merchandising concern and an introduction to accounting for current assets. ACCT 122 is a companion to ACCT 125 (Introductory Financial Accounting 2) which continues the study of basic financial accounting.

Credit Units: 4

Lecture Hours: 64

Equivalent Course(s):

Learning Method(s): Prior Learning, Televised/SCN, Lecture/Theory, Print Distance Group, Work Based Delivery

Your studies will focus on an introduction to financial accounting building on the skills you learned in ACCT 122 (Introductory Financial Accounting I). You will study accounting for payroll and accounting for other assets and liabilities. The course covers accounting for capital assets, liabilities, partnerships, and corporations.

Credit Units: 4

Lecture Hours: 64

Prerequisites(s): ACCT 122

Equivalent Course(s):

Learning Method(s): Prior Learning, Televised/SCN, Independent Study, Lecture/Theory, Work Based Delivery

You will complete an in-depth study of generally accepted accounting principles as applied to accounting for current assets, capital assets, temporary and long-term investments, leases, accounting changes, and correction of errors. Both International Financial Reporting Standards (IFRS) and Accounting Standards for Private Enterprises (ASPE) are considered as accounting standards.

Credit Units: 7

Other Hours: 112

Prerequisites(s): ACCT 125

Equivalent Course(s): ACP 212

Learning Method(s): Lecture/Lab, Televised/SCN

You will continue your studies of financial accounting begun in ACCT 220. Your studies will include current and long-term liabilities, shareholders equity, dilutive securities and earnings per share, revenue recognition, pensions, statement of cash flows, incomplete records and accounting for corporate income taxes. Both International Financial Reporting Standards (IFRS) and Accounting Standards for Private Enterprises (ASPE) are considered as accounting standards

Credit Units: 7

Other Hours: 112

Prerequisites(s): ACCT 220

Equivalent Course(s): ACP 313

Learning Method(s): Lecture/Lab, Televised/SCN

The course is an introduction to the study of cost accounting theory and practice. You will focus on the differences between cost accounting and financial accounting, various cost accounting terms, an introduction to costing systems and responsibility accounting using master and flexible budgets.

Credit Units: 5

Other Hours: 80

Prerequisites(s): ACCT 125

Equivalent Course(s): ACP 221

Learning Method(s): Lecture/Lab, Televised/SCN

Your studies will be a continuation of Cost Accounting 1 (ACCT 226). You will study non-routine decision making, cost allocation theory and methods, process costing, hybrid costing systems, inventory management and sales and input variances.

Credit Units: 5

Other Hours: 80

Prerequisites(s): ACCT 226

Equivalent Course(s): ACP 322

Learning Method(s): Lecture/Lab, Televised/SCN

You will study the necessary theory and tools for understanding, analyzing, and designing computer-based accounting information systems at the introductory level. You will study the theory and participate in practical applications that support your studies as an accounting student. The course includes an introduction to the field of electronic commerce.

Credit Units: 4

Other Hours: 64

Prerequisites(s): ACCT 125

Equivalent Course(s): ACP 451

Learning Method(s): Lecture/Lab, Televised/SCN

Your studies will include an introduction to auditing, its objectives and reports, the types of evidence and documentations required, the study of internal control and audit sampling. You will study the processes of the audit of revenue and collections and acquisitions and expenditures. You will acquire these skills through your participation in a combination of classroom instruction, independent learning and practical exercises.

Credit Units: 4

Other Hours: 64

Prerequisites(s): ACCT 125

Equivalent Course(s): ACP 430

Learning Method(s): Lecture/Lab, Televised/SCN

You will become familiar with the role of finance and its implication for risk, income and control, credit conditions and a firm's state of liquidity. The course content includes sources of capital and corporate borrowing, cost of capital theory and optimal capital structure, and capital budget decision making.

Credit Units: 5

Other Hours: 80

Prerequisites(s): ACCT 122

Equivalent Course(s): ACP 475

Learning Method(s): Lecture/Lab, Televised/SCN

Your studies will include an introduction to the Income Tax Act including the structure of fiscal legislation, administration, and enforcement practices as they pertain to personal income tax. The course includes the calculation of taxable income, calculation of tax, and the completion of personal income tax returns.

Credit Units: 5

Other Hours: 80

Prerequisites(s): ACCT 125

Learning Method(s): Prior Learning, Lecture/Lab

Your studies will focus on how production and consumption decisions are made in a market economy. You will learn to analyze supply, demand, cost, price determination, response to price changes, and income distribution.

Credit Units: 4

Lecture Hours: 64

Equivalent Course(s): RT 191

Learning Method(s): Televised/SCN, Lecture/Theory

Your studies will focus on the field of commercial law. You will examine in detail the concepts of contract law and how these concepts are influenced by various legislative acts and common law. Particular attention will be focused on laws relating to torts, agency, various forms of business organizations, sale of goods, employment, negotiable instruments, bailments, insurance, real and intellectual property, and secured transactions.

Credit Units: 4

Lecture Hours: 64

Equivalent Course(s): ACP 170, LAW 240

Learning Method(s): Televised/SCN, Lecture/Theory, Web CT/Blackboard

You will be introduced to the elements of statistics used in business. The course content includes frequency distribution, measure of central tendency and dispersion, probability distributions (discrete and continuous), sampling, sampling distributions, estimations, regressions, correlation and elementary hypothesis-testing.

Credit Units: 4

Lecture Hours: 64

Equivalent Course(s): ACP 374

Learning Method(s): Prior Learning, Televised/SCN, Lecture/Theory