Administrative Accounting Procedures

Curriculum Guideline

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Course
OADM 1230
Discontinued
No
Course Code
OADM 1230
Descriptive
Administrative Accounting Procedures
Department
Office Administration
Faculty
Commerce & Business Administration
Credits
3.00
Start Date
End Term
Not Specified
PLAR
No
Semester Length
15 weeks x 4 hours per week = 60 hours
Max Class Size
30
Contact Hours
Lecture: 2 hours, Seminar: 2 hours
Method(s) Of Instruction
Lecture
Lab
Learning Activities

This course will be offered in a laboratory setting with the instructor using short lectures/demonstrations of concepts and procedures. Students will be guided through the completion of exercises and assigned related projects and simulations.

Course Description
This course will introduce students to the concepts and practices of financial accounting for service businesses. Students will complete the accounting cycle for a service business and complete the accounting cycle to trial balance for a merchandising business. Students will be introduced to special journals, subsidiary ledgers, sales taxes, payroll activities, bank reconciliations and petty cash systems. After completing routine and periodic processes manually, students will process some of the same transactions using a computerized accounting system.
Course Content
  1.    Introduction to accounting concepts and procedures.
  2.    The accounting equation.
  3.    Analyzing business transactions.
  4.    Journalizing, posting and preparing a trial balance for a service business.
  5.    Preparing worksheets and financial statements for a service business.
  6.    Journalizing and posting adjusting and closing entries for a service business.
  7.    Journalizing merchandising transactions in special journals - Sales, Cash Receipts, Purchases, and Cash Payments.
  8.    Preparing bank reconciliation statements.
  9.    Journalizing transactions related to petty cash.
  10.    Preparing a payroll register and journalizing transactions related to payroll.
  11.    Journalizing transactions involving GST and PST.
  12.    Record transactions in General Ledger, Accounts Receivable and Accounts Payable Modules both manually and electronically.
  13.    Display and print financial statements, customer reports and vendor reports.
Learning Outcomes

The learner has reliably demonstrated the ability to

  1. complete the accounting cycle for a service business.
  2. complete the accounting cycle to trial balance for a merchandising business.
  3. plan, complete and record all payroll-related transactions for a pay period.
  4. prepare bank reconciliation statements and record transactions related to petty cash.
  5. complete routine and periodic processes related to the General Ledger, Accounts Receivable and Account Payable Modules in accounting software.
  6. prepare trial balances, schedules and financial statements in accounting software.
Means of Assessment
Assignments (3-5)      10-15%
Project(s)      15-20%
Test 1      20%
Test 2      25%
Final Exam      25%
   
Total    100%

 

THERE ARE NO ORAL PRESENTATIONS IN THIS COURSE.

Students may conduct research as part of their coursework in this class. Instructors for the course are responsible for ensuring that student research projects comply with College policies on ethical conduct for research involving humans, which can require obtaining Informed Consent from participants and getting the approval of the Douglas College Research Ethics Board prior to conducting the research.

Textbook Materials

Textbooks and materials to be purchased by students:

Slater, Jeffrey and Brian Zwicker, College Accounting: a practical approach, Latest Edition, Pearson Education.

Campbell, Joan I. Pitman Office Handbook, Latest Edition. Pearson Education.

Course packs as determined by the instructor,

or other textbooks and materials as approved by the department.

 

Prerequisites

None

Corequisites

None

Equivalencies

None

Which Prerequisite

None