Accounting
Course List
| Code | Course Description |
|---|---|
| ACCT 1110 | Principles of Accounting IThis course will introduce the student to the theory and practice of recording and reporting of financial events for service and merchandising enterprises for the purpose of preparing financial statements. Topics include the accounting cycle, cash and receivables, inventory valuation, and the use of special journals and subsidiary ledgers. |
| ACCT 1210 | Principles of Accounting IIThis course is a continuation of ACCT 1110 and will introduce the student to accounting for and |
| ACCT 1220 | Computerized Accounting and Data AnalyticsFrom financial statements to operating performance, the environment we are living in is “data rich, information poor.” With the decision-making pressure on accountants and managers, it is crucial to gather available data quickly, provide accurate analysis, and present financial information to stakeholders in a meaningful way. |
| ACCT 1222 | Computer Applications for AccountingThis course will introduce the student to the concepts and practices of computerized accounting using QuickBooks, Sage Accounting, or another industry-standard accounting software. Students will obtain a working knowledge of Financial Statements, General Ledger, Accounts Receivable, Accounts Payable, Inventory and Service, Bank Reconciliation, Payroll, and Projects for both a service and merchandise company in a computerized environment. |
| ACCT 1235 | Principles of Introductory Financial Accounting I & IIThis fast-paced, accelerated, one semester introductory financial accounting course will introduce the student to the theory and processes used in recording financial events and preparing financial statements. Topics include: accounting principles; the accounting cycle; financial statements; current assets including inventories and receivables; property, plant and equipment; intangible assets and goodwill; current and long-term liabilities; shareholders’ equity; the statement of cash flows; income measurement and financial statement analysis. |
| ACCT 2315 | Data Analytics in Management AccountingFrom financial statements to operating performance, the environment we are living in is “data rich, information poor.” With the decision-making pressure on accountants and managers, it is crucial to gather available data quickly, provide accurate analysis, and present financial information to stakeholders in a meaningful way. |
| ACCT 2320 | Introductory Managerial AccountingThis course introduces the student to cost and managerial accounting with an emphasis on decision making relating to pricing, product-mix, process and activity. Topics include: management accounting and strategy; types of costs and cost behaviour; job costing; process costing; activity- based costing; responsibility accounting; budgeting; variance analysis; cost-volume-profit analysis; decision making and relevant information; transfer pricing; customer profitability analysis; balanced scorecard, and competitive management methods. |
| ACCT 3000 | Accountants Beyond BordersThis course provides students with the opportunity to contribute their theoretical learning for a humanitarian mission. Students will share their accounting skills and support the populations of developing countries by applying sustainable accounting paradigms and practices. Approved accounting task descriptions are assigned to students to work in teams at not-for-profit organizations or social enterprise firms. As global citizens, students will gain practical experience in exploring worldviews of others, reflect on their own cultural experiences, and solve real-world accounting problems outside Canadian borders. |
| ACCT 3008 | Financial and Managerial Accounting for ManagersThis course involves financial and managerial accounting with an emphasis on applying concepts for management decision-making. Financial accounting emphasizes accounting terminology, financial statements and analysis of a business entity. Managerial accounting emphasizes strategic planning, budgeting, cost-volume-profit analysis, and decision-making in a competitive environment. This course is primarily intended for non-Commerce & Business Administration program students who work (or plan to work) as owners, managers, consultants, or project leaders in either the profit or not-for-profit sectors. |
| ACCT 3310 | Intermediate Accounting IThis course builds on the foundation of accounting techniques and theory covered in Accounting 1110 and 1210 or Accounting 1235. The focus will be an in-depth study of assets and revenues. Topics will include current assets, capital assets, and investments. Additional topics will include the conceptual framework for financial reporting, and the measurement of revenue. The course includes a group case analysis that requires the integration of ACCT 3310 material with material from the course prerequisites. |
| ACCT 3370 | Income Tax 1This course covers the fundamental principles and concepts of Canadian federal income tax legislation as it applies to individuals. The course emphasizes the understanding of the conceptual structure of the Income Tax Act and equips students with skills in the application of its rules to practical cases including the use of tax return software. |
| ACCT 3410 | Intermediate Accounting IIThis course builds on the foundation of accounting techniques and theory covered in Accounting 1110 and 1210, or Accounting 1235. The focus will be an in-depth study of liabilities and shareholders’ equity as governed by Part I & Part II of the CPA Canada Handbook. Topics will include: accounting for current and non-current liabilities and complex financial instruments; computation of earnings per share; accounting for pension costs, income taxes and leases; and accounting for errors and changes in accounting policy. The conceptual framework for financial reporting will also be studied. The course includes a major group project, which requires the analysis of the annual report of a Canadian company listed on the Toronto Stock Exchange. |
| ACCT 3420 | Intermediate Managerial AccountingThis course expands on introductory management accounting topics and introduces new subject matter within the context of decision making. The student will learn alternative systems, processes, and analytical techniques used in managing and controlling business operations. Topics include: the strategic context for management accounting; cost allocation methods and their effects on decision making; alternative methods and accounting applications for various costing systems; in depth cost and revenue variance analysis; customer profitability analysis; and quantitative analysis of cost functions. |
| ACCT 3421 | Cryptocurrency Accounting & TaxationThis course is designed to empower students with a deep understanding of cryptocurrency transactions, taxation principles, and blockchain technology. Through a blend of theory, practical examples, and real-life scenarios, students will be well-equipped with fundamental skills necessary to navigate the evolving world of cryptocurrencies and contribute effectively in financial and accounting roles within the crypto space. |
| ACCT 3470 | Income Tax IIThis course covers the fundamental principles and concepts of Canadian federal income tax legislation as it applies to corporations, trusts, and partnerships; international taxation for individuals and corporations; tax planning for individuals in relation to corporations; GST/HST and payroll tax. The course emphasizes the understanding of the conceptual structure of the Income Tax Act and equips students with skills in the application of its rules to practical cases including the use of tax return software. |
| ACCT 3550 | Real Estate AccountingThis course provides introduction to real estate accounting. Topics include accounting principles related to real estate, financial analysis, project development costs and revenue recognition. In addition, the course explores different organizational structures, financial statement presentations and accompanying disclosures. Student will use computer software for project costing, budgeting and variance analysis. |
| ACCT 3570 | Real Estate TaxationThis course provides an introduction to Canadian taxation topics related to the real estate industry. Building on introductory corporate and individual taxation topics, this course explores the tax consequences of real estate purchases and sales, effective tax structuring and planning in the real estate industry, sales and other indirect taxes, and financing issues. This course explores the taxation of resident and non-residents holding Canadian real estate. |
| ACCT 3850 | Detecting Accounting FraudIn this course, students will gain an understanding of the institutional and organizational conditions that lead to fraudulent financial reporting, failure of sound corporate governance practice and finally to share-price collapse in stock markets. Both the causes of these failures and their effects on business communities and society as a whole will be discussed. These issues will be examined through case studies of actual incidents of financial misreporting and stock market fraud that have occurred in a variety of organizations including private and publicly-traded corporations, government, and not-for-profit organizations. Reference will be made to standard ethical theories which will be reviewed. Students are recommended to take PHIL 1122 and BUSN 1320 prior to taking this course. |
| ACCT 3880 | Data Analytics for ManagersFrom financial statements to operating performance, the environment we are living in is “data rich, information poor.” With the decision making pressure on accountants and managers, it is crucial to gather available data quickly and provide accurate analysis. In this course the student will learn to analyze financial statements using lesser known techniques, and to address the differences among reports generated under different accounting frameworks. Students will learn to use data analytics, identify the control weaknesses and identify patterns in the transactions that point to fraud and error will be studied. Finally, the student will learn how to analyze both financial and operational data by designing financial models and dashboards, making reasonable financial forecasts, and monitoring operational performance. In this course students will have exposure to several data analytics tools. |
| ACCT 4280 | Not-For-Profit and Public Sector AccountingAn accounting procedures, policy and process course in the not-for-profit and public sectors. Part 1 of the course will emphasize the application of accounting concepts used in the not-for-profit sector. Part 2 of the course focuses on how public sector entities of various kind, best use resources entrusted to them in creating value in the public sector. The purpose of the course is to provide students with skills needed to function in an environment of medium complexity. The content will include the application of real world situations using various accounting and/or spreadsheet and/or data analytical applications. NOTE THAT STUDENTS WHO HAVE TAKEN ACCT 4080 and ACCT 4180 CANNOT TAKE ACCT 4280 FOR FURTHER CREDIT. |
| ACCT 4510 | Advanced Financial AccountingThis course will cover advanced accounting topics including current issues in financial reporting, intercorporate investments and business combinations, foreign operations, not-for-profit organizations, segmented information, and joint ventures. |
| ACCT 4520 | Advanced Management AccountingThis course builds on ACCT 3420 by developing an advanced understanding of the development and application of management accounting information for decision making. Students learn to perform analysis, develop and utilize information for operational and strategic decision making, and acquire an understanding of the ethical responsibilities of management accountants. Topics include: the strategic context of management accounting; implementing ethic control systems; planning and control issues in decentralized operations; performance measurement; capacity management and its effect on inventory costing; managing quality; inventory cost management strategies; theory of constraints; and strategic cost management. Data analytics tools are used for descriptive and predictive analysis. |
| ACCT 4570 | International TaxationThis course covers the fundamentals of International Taxation from a Canadian perspective. The course emphasizes the understanding of different taxation systems and policies as they apply around the world. The course will allow students to explore different tax treaties and gain an understanding of the importance of taxation considerations in international business. |
| ACCT 4580 | Ethics and Workplace SkillsEthics and workplace skills builds on issues introduced in previous accounting courses and focuses on the behaviour necessary for development of professional accountants. The course introduces CPA Way to analyze a case with a focus on applied knowledge to scenarios that simulate work place situations. Various critical thinking aspects are included to support the process of developing a suitable course of action. The course integrates ways to develop effective written communications skills into the course. The course also emphasizes the skills necessary for students to apply technical knowledge acquired in a team work environment. |
| ACCT 4670 | Taxation at Death and Estate PlanningThis course outlines the special taxation rules that arise at death. The course covers income tax compliance as well as estate planning with the intent to minimize tax on the estate of the deceased taxpayer. Reference will be made to latest budgetary pronouncements, legislative changes, new case law and CRA administrative positions. |
| ACCT 4750 | AuditingThis course covers concepts and procedures of external auditing. Topics include: reporting, professional standards and ethics, legal liability, audit objectives, evidence and documentation, planning and analysis, materiality and risk, internal control, sampling, and computer auditing including the use of data analytics tools. Attest procedures related to the revenue and collection cycle, acquisition and expenditure cycle, inventory and capital asset balances, production and payroll cycle, investments, long term debt and equity balances, and the finance and investment cycle are studied. Completion of the audit, including evaluation and communication of findings is also covered. |
| ACCT 4770 | Taxation TheoryThis course is a study of origins and analysis of current taxation systems covering personal and corporate income taxes, consumption, excise, payroll and property tax. It involves an introduction to economic theories of taxation covering topics such as incidence, optimal taxation and efficiency. Reference will be made to existing tax systems and to empirical studies. |
| ACCT 4850 | Accounting TheoryThis course will provide students with a critical examination of problem areas of current interest in financial accounting theory. Practical and theoretical problems of the present value model, historical costs, decision usefulness, portfolio risk, efficient securities markets, fair-value-oriented standards with application to traditional accounting, positive accounting theory, game and agency theory, executive compensation and earnings management will be examined. Economic and political issues and criteria related to standard setting, in Canada, the U.S., and internationally, will also be discussed, as well as the contribution of economics, finance and other disciplines to accounting theory. |
| ACCT 4880 | Applied External AuditThis course covers concepts and procedures of external auditing. The course builds on the technical components from previous auditing courses, focusing on external audit issues. Topics include documentation of business processes, information systems and internal controls for specific accounting cycles, applying sampling methods, executing audit procedures (both compliance and substantive tests) in different audit cycles such as sales and collections, purchases and payments and others based on a simulated audit and using CaseWare. The course demonstrates the proper approach to form conclusions based on audit procedures performed and audit evidence accumulated. The course assists students to understand the CPA Canada Handbook - Assurance requirements with respect to audit, review and special reports as well as compilation report. |
| ACCT 4890 | Business ApplicationsIn this comprehensive business applications course students apply methodical approach for addressing scenarios that deal with financial accounting, management accounting, finance, ethics, communication, taxation, audit and information systems issues. Competencies gained from pre-requisite courses will be used to refine workplace skills relating to communication, critical thinking, management and analysis of information, routine problem solving, personal management and teamwork and accounting ethics |