|Course Name:||Introduction to Financial Accounting|
|Offered Date:||Fall - 2017 | Other versions|
This course prepares the learner to apply basic accounting principles in the preparation of financial statements for external reporting. Students will become skilled in the bookkeeping process which leads to the preparation of the financial statements. Through the use of case studies, group discussions and seminars, learners increase their ability to analyze, interpret, and communicate financial information. Emphasis will be placed on ethical issues related to the accounting process. Topics include the accounting model, transaction analysis and accounting information processing as well as liquid assets, inventories, capital assets, liabilities and shareholders' equity.
|Credit Status:||1 credit (3 units)
Required for all Bachelor of Commerce programs
Required for BSD - Bachelor of Technology (Software Development)
|Mode of Instruction:||Modes: In-class lecture, in-class exercises, case studies, team-based learning
Hours per week: 3
Room configuration: Classroom
Typical scheduling pattern: Fall and Winter terms
1. Understand the role of accounting as the basis for business decision making.
2. Apply appropriate principles and procedures of accounting to develop financial statements for all forms of business enterprise.
3. Explain the purpose and affect of ledger accounts in the accounting cycle.
4. Create appropriate financial statements using information provided.
5. Use accounting information as a basis for decision making based on analysis and interpretation of data from financial statements.
6. Explain the broad principles of internal control necessary to safeguard a company's assets.
7. Demonstrate effective participation in a team learning situation.
Financial Accounting, Tools for Business Decision-Making; Sixth Canadian Edition
Kimmel, Weygandt, Kieso, Trenholm
Published by John Wiley & Sons Canada
ISBN: 9781118644942 (hardcover; digital versions are available)
Guide to Research and Citation: MLA Style.
To obtain a passing grade, the student must:
For further information, see a copy of the Academic Policy, available online (http://www.senecacollege.ca/academic-policy) or at Seneca's Registrar's Offices.
|Cheating and Plagiarism:
Each student should be aware of the College's policy regarding Cheating and Plagiarism. Seneca's Academic Policy will be strictly enforced.
To support academic honesty at Seneca College, all work submitted by students may be reviewed for authenticity and originality, utilizing software tools and third party services. Please visit the Academic Honesty site on http://library.senecacollege.ca for further information regarding cheating and plagiarism policies and procedures.
|Discrimination and Harassment:
All students and employees have the right to study and work in an environment that is free from discrimination and/or harassment. Language or activities that defeat this objective violate the College Policy on Discrimination/Harassment and shall not be tolerated. Information and assistance are available from the Student Conduct Office at firstname.lastname@example.org.
Accomodation for Students with Disabilities
The College will provide reasonable accommodation to students with disabilities in order to promote academic success. If you require accommodation, contact the Counselling and Disabilities Services Office at ext. 22900 to initiate the process for documenting, assessing and implementing your individual accommodation needs.