Accounting Courses

Prerequisites are in place to help students succeed in their Accounting classes. If prerequisites are not met, special permission will very rarely be granted to take an Accounting course.

ACCT 1110 Principles of Accounting I (3 credits)

This 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 accounting for and amortization of capital assets.

To find out where this course transfers, check the BC Transfer Guide

Prerequisites: English 12 with a grade of "C" or better or approved equivalent (see equivalents noted above) and Principles of Math 11 with a grade of "C" or better, or successful completion of Business Readiness Assessment.

Lecture: 4

Offered: Fall, Winter and Summer

ACCT 1210 Principles of Accounting II (3 credits)

This course will introduce the student to the accounting for various types of liabilities, partnerships and corporations, investments, analyzing financial statements, cash flows and accounting principles.

To find out where this course transfers, check the BC Transfer Guide

Prerequisites: ACCT 1110 with a minimum grade of "C" and English 12 with a minimum grade of "C" or approved equivalent (see equivalents noted above) and Principles of Math 11 with a minimum grade of "C" or successful completion of the Business Readiness Assessment.

Offered: Fall, Winter and Summer

ACCT 1220 Computerized Accounting (3 credits)

This course will introduce the student to the concepts and practices of computerized accounting. This course will build on and apply previously acquired accounting and computer skills. In addition to spreadsheet techniques and applications using Excel the student will learn ACCPAC for Windows: General Ledger and Financial Reporter, Accounts Receivable and Accounts Payable.

Prerequisites: ACCT 1110 with a minimum grade of "C+" or ACCT 1210 with a minimum grade of "C" or ACCT 1235 with a minimum grade of "C" and CSIS 1110 with a minimum grade of "C" and English 12 with a minimum grade of "C" or an approved equivalent.

Lecture: 2; Laboratory: 3

Not currently offered

ACCT 1222 Computer Applications for Accounting (3 credits)

This course will introduce the student to the concepts and practices of computerized accounting. This course will build on and apply previously acquired accounting and computer skills. In addition to spreadsheet techniques and applications using Excel, the student will learn Simply Accounting: General Ledger, Accounts Receivable, Accounts Payable, and Payroll.

To find out where this course transfers, check the BC Transfer Guide

Prerequisite: ACCT 1110 with a grade of "C+" or better OR ACCT 1210 with a grade of "C" or better OR ACCT 1235 with a grade of "C" or better AND CSIS 1110 with a grade of "C" or better and Academic English 12 with a grade of "C" or better.

Lecture: 2; Laboratory: 3

Offered: Fall, Winter, Summer

ACCT 1235 Principles of Accounting I and II (3 credits)

This demanding accelerated course (equivalent to ACCT 1110 and ACCT 1210) 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, assets, liabilities, equities for various forms of organizations, income measurement and analysis. Work load is extremely heavy.

To find out where this course transfers, check the BC Transfer Guide

Prerequisites: Principles of Math 12 with a minimum grade of "B" and English 12 with a minimum grade of "B" or post-secondary level GPA of "B" or better and Principles of Math 11 with a minimum grade of "C" and English 11 with a minimum grade of "C."

Lecture: 4

Offered: Fall and Winter

ACCT 2310 Intermediate Accounting I (3 credits)

This 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, the measurement of revenue, the correction of errors, and the accounting for changes in accounting policies and estimates. Selected sections of the CICA Handbook will be covered in-depth. The course includes a major group project, which requires the preparation of a comparative Balance Sheet and Income Statement, and Notes to the Financial Statements in accordance with the CICA Handbook using G/L software. The project requires the integration of ACCT 2310 material with material from the course prerequisites.

To find out where this course transfers, check the BC Transfer Guide

Prerequisites: ACCT 1210 with a grade of "C" or better, or ACCT 1235 with a grade of "C" or better and ACCT 1220 or ACCT 1222 with a grade of "C" or better and CMNS 1111 with a grade of "C" or better or CMNS 1115 with a grade of "C" or better.

Offered: Fall, Winter and Summer

ACCT 2315 Management Accounting (3 credits)

This course is intended for business management students who are not majoring in accounting. It covers the basic concepts and techniques of management accounting and also focuses on current trends in that field. In addition, the planning and control techniques emphasized are applied just as much to non-profit, retail, wholesale, selling, and administrative situations as they are to manufacturing. Topics include: cost behaviour, cost systems, relevance for decision-making, budgeting, control systems, and transfer pricing.

Lecture: 4 hours

Prerequisites: ACCT 1235 or equivalent

Not currently offered

ACCT 2320 Introductory Management Accounting (3 credits)

This course introduces the student to the principles of managerial systems, control and decision-making, and analysis of financial information for service, merchandising and manufacturing sectors. Topics include: job-order costing using actual, normal, standard, direct (variable) and absorption costing methodologies; activity based costing; budgeting, cost-volume-profit analysis and relevant cost analysis. Students will be required to complete assignments using a computer spreadsheet program.

To find out where this course transfers, check the BC Transfer Guide

Prerequisites: ACCT 1210 with a grade of "C" or better, or ACCT 1235 with a grade of "C" or better and ACCT 1220 or ACCT 1222 with a grade of "C" or better and CMNS 1111 with a grade of "C" or better or CMNS 1115 with a grade of "C" or better.

Lecture: 4

Offered: Fall, Winter and Summer

ACCT 2320 Introductory Managerial Accounting (3 credits)

- Effective Summer 2010

This course introduces the student to cost and management accounting with an emphasis on relevance to decision making. Topics include: job-order costing, activity based costing, responsibility accounting, master budgeting, flexible budgeting and variance analysis, cost-volume-profit analysis, inventory costing and capacity analysis, and relevant cost analysis.

Prerequisites: (ACCT 1210 with a grade of C or better  OR ACCT 1235 with a grade of C or better) AND (CSIS 1110 with a grade of C OR CSIS 2200 with a grade of C or better) AND (CMNS 1111 with a grade of C or better OR CMNS 1115 with a grade of C or better OR ENGL 1130 with a grade of C or better).

ACCT 2410 Intermediate Accounting II (3 credits)

This 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. Topics will include current and long-term liabilities; accounting for pension costs and obligations, income taxes; leases; and legal and financial aspects of corporations. Additional topics will include: the conceptual framework for financial reporting, cash flow statement and analysis of financial information. Selected sections of the CICA Handbook will be covered in-depth. The course includes a major group project, which requires the analysis of an annual report of a Greater Vancouver Regional District reporting company, in accordance with the CICA Handbook. The project requires the integration of ACCT 2410 material with material from the course prerequisites.

To find out where this course transfers, check the BC Transfer Guide

Prerequisites: ACCT 1210 with a grade of "C" or better, or ACCT 1235 with a grade of "C" or better and BUSN 1330 with a grade of "C" or better or FINC 1231 with a grade of "C" or better and CMNS 1111 with a grade of "C" or better or CMNS 1115 with a grade of "C" or better.

Lecture: 4

Offered: Fall and Winter

ACCT 2420 Intermediate Management Accounting (3 credits)

This course introduces the student to alternative systems, processes and analytical techniques used in managing and controlling more sophisticated business operations. Topics include pricing decisions, costs of quality, sales variances, cost allocation techniques, process and hybrid costing systems, inventory management and transfer pricing. Spreadsheet applications and casework will be used where appropriate.

To find out where this course transfers, check the BC Transfer Guide

Prerequisite: ACCT 2320 with a minimum grade of "C" and ACCT 1220 or ACCT 1222 with a minimum grade of "C" and CMNS 1115 with a minimum grade of "C."

Lecture: 4

Offered: Fall and Winter

ACCT 2420 Intermediate Managerial Accounting (3 credits)

- Effective Summer 2010

This course introduces the student to alternative systems, processes, and analytical techniques used in managing and controlling more sophisticated business operations.  Topics include pricing, product profitability and cost management decisions; strategy, balanced scorecard and strategic profitability analysis; cost allocation and transfer pricing; process costing; inventory management; sales variance and customer profitability analysis; and capital budgeting. 

Prerequisites: (ACCT 2320 with a grade of C or better) AND (CMNS 1115 with a grade of C or better OR ENGL 1130 with a grade of C or better).

Lecture: 4

ACCT 3350 Income Tax (3 credits)

This course introduces the student to Canadian income tax concepts for both individuals and corporations. Topics include: the structure of the Income Tax Act, computation of income by source, deductions, net income, taxable income, and taxes payable. Students will be required to use a recognized income tax software program to prepare selected assignments. This is a very heavy course. Students are strongly advised to take ACCT 2310 or ACCT 2410 either concurrently or as a prerequisite.

To find out where this course transfers, check the BC Transfer Guide

Prerequisites: ACCT 1210 with a minimum grade of "B-" or ACCT 1235 with minimum grade of "B-" and CSIS 1110 or CSIS 2200 and CMNS 1115. Strongly recommended: ACCT 2310 and/or ACCT 2410.

Lecture: 4

Not currently offered

ACCT 3370 Income Tax 1 (3 credits)

This course introduces the student to Canadian income tax concepts for individuals. Topics include: the structure of the Income Tax Act, computation of income by source, deductions, net income, taxable income, and taxes payable. Students will be required to use a recognized income tax software program to prepare selected assignments. This is a very heavy course. Students are strongly advised to take ACCT2310 or ACCT 2410 as a prerequisite.

Prerequisites: ACCT 1210 with a minimum grade of "B-" or ACCT 1235 with minimum grade of "B-" and CSIS 1110 or CSIS 2200 and CMNS 1115 with minimum grade of C. Strongly recommended: ACCT 2310 and/or ACCT 2410.

Lecture: 4 Hours per week

Offered: Fall

ACCT 3470 Income Tax 2 (3 credits)

This course continues the study of Canadian income tax begun in ACCT 3370. Special advanced topics in personal taxation will be covered, as well as taxable income and taxes payable/refundable for corporations, section 85 rollovers, corporate reorganizations and amalgamations, windups, taxation of trusts, estates, partnerships and international income. Students will be required to use a recognized income tax software program to prepare selected assignments. This is a very heavy course. Students are strongly advised to take ACCT 2310 or ACCT 2410 as a prerequisite.

Prerequisites: ACCT 3370 with minimum grade of "C+" and CMNS 1115 with minimum grade of "C". Strongly recommended: ACCT 2310 and/or ACCT 2410.

Lecture: 4 Hours per week

Offered: Winter

ACCT 4510 Advanced Financial Accounting (3 credits)

This course will cover advanced accounting topics including current issues in financial reporting, intercorporate investments and business combinations, foreign operations, not-for-profit organizations, interim reporting, segmented information, fund accounting, partnerships and joint ventures. Use of Excel spreadsheets will be required.

Prerequisites: ACCT 2310 with a grade of “C” or better, AND ACCT 2410 with a grade of “C” or better, AND ENGL 1130 with a grade of “C” or better.

Lecture: 4 Hours per week

Offered: Winter

ACCT 4520 Advanced Management Accounting (3 credits)

This course develops a conceptual understanding of the role of management accounting information. Students learn to perform analysis to support managerial decisions, design and implement management control systems, and to develop an awareness of the moral responsibilities of management accountants. Topics include: management accounting and management decisions, relevant information and complications in short-run decisions, capital budgeting, contemporary approaches to product costing, activity based management, agency theory, responsibility accounting and transfer pricing, and ethical considerations. Computer spreadsheets are used to illustrate concepts and provide hands on experience.

Prerequisites: ACCT 2420 with a grade of “C” or better AND ENGL 1130 with a grade of “C” or better AND BUSN 3431 with a grade of “C” or better

Lecture: 4 Hours per week

Offered: Fall 2008

ACCT 4750 Auditing (3 credits)

This 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. 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.

Prerequisites: ACCT 2310 with a grade of “C” or better AND ACCT 2410 with a grade of “C” or better AND ENGL 1130 with a grade of “C” or better AND BUSN 3431 with a grade of “C” or better.

Lecture: 4 Hours per week

Offered: Fall 2008

ACCT 4850 Accounting Theory (3 credits)

This 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.

Prerequisites: ACCT 2310 with a grade of “C” or better, AND ACCT 2410 with a grade of “C” or better, AND FINC 2340 with a grade of “C” or better, AND ENGL 1130 with a grade of “C” or better.

Lecture: 4 Hours per week

Offered: Winter 2009