Accounting l

Curriculum Guideline

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Course
OADM 1242
Discontinued
Yes
Course Code
OADM 1242
Descriptive
Accounting l
Department
Office Administration
Faculty
Commerce & Business Administration
Credits
3.00
Start Date
End Term
201730
PLAR
Yes
Semester Length
12 weeks x 5 hours per week = 60 hours
Max Class Size
24
Contact Hours
5 hours per week
Method(s) Of Instruction
Online
Learning Activities

Communication between instructor and students will be conducted online using the WebCT email, discussion and chat utilities.  The instructor will guide the students through a series of learning objectives using motivation and online instruction.

Course Description
This is a BC Campus online provincial course. It provides you with an introduction to manual accounting. Emphasis will be placed on fundamental accounting principles and their application in day-to-day business situations. This course is based on a service business organized as a sole proprietorship. Accounting 1 provides a solid foundation for learners wishing to further their accounting skills through computer accounting programs, payroll or advanced accounting courses.
Course Content

Basic bookkeeping and accounting skills including:

  1. double-entry General Journal entries;
  2. posting to the General Ledger;
  3. preparing a trial balance;
  4. recording adjustments in a 10-column worksheet;
  5. producing period-end financial statements;
  6. closing the temporary accounts;
  7. maintaining petty cash; and
  8. preparing bank reconciliations.
Learning Outcomes

The learner has reliably demonstrated the ability to:

  1. Define the function of accounting;
  2. Use accounting terminology appropriately;
  3. Analyze and record transactions in a General Journal using the double-entry system of debits and credits;
  4. Apply basic accounting concepts and principles to business transactions;
  5. Post entries from the General Journal to the General Ledger, crosscheck and balance the ledger and produce a trial balance;
  6. Finalize the accounting cycle for a service company by completing a 10-column worksheet, recording adjustments and preparing the accounts for a new fiscal year;
  7. Prepare classified, related financial statements (Income Statement, Statement Of Changes In Owner's Equity, and Balance Sheet) for a proprietorship complying with generally accepted accounting practices;
  8. Describe and implement internal control measures for cash including the preparation of cheques, deposits and bank reconciliations;
  9. Analyze and record cash transactions that involve cash short or over;
  10. Establish, maintain and replenish a petty cash fund; and
  11. Independently complete accounting simulations through applying learned accounting principles and practices.
Means of Assessment
Participation  10%
Unit Assignments          15%
Chapter Quizzes  15%
Projects  20%
Mid-term  15%
Final Exam  25%
Total 100%
Textbook Materials

Textbooks and Materials to be Purchased by Students

College Accounting: A Practical Approach, Canadian Seventh Edition, Slater Zwicker ISBN 0-13-020471-4

College Accounting: A Practical Approach, Study Guide with Working Papers

Prerequisites

OADM 1104