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ACCG 5110 - Financial Accounting

Accounting Part-time Studies Course

School of Business

Course Details

Financial Accounting establishes a foundation in accounting concepts and principles upon which the appropriate recognition, measurement, and presentation of a wide variety of routine, and non-routine transactions, are evaluated. Students are provided with the knowledge to prepare financial statements for proprietorships, partnerships, and corporations, in accordance with the appropriate standard (IFRS or ASPE), and interpret the results. Once a thorough understanding of these topics has been established, the treatment of more complex topics will be explored in depth. This course qualifies as a prerequisite for entrance into the Chartered Professional Accountants (CPA) Professional Education Program (PEP).

Credits

4.0

Cost

$842.44

Fall 2019

Below is one offering of this course for the Fall 2019 term.

CRN 43447

Tue Sep 03 - Tue Dec 10 15 Weeks

Class Meeting Times

Dates Days Times Locations
Sep 03 - Dec 10 Tue 18:00 - 22:00 BBY NE25 Rm. 116

Instructor

Vnit Nath

Course Outline

Cost

$842.44

Notes

  1. This course fulfills the CPA prerequisite for Introductory Financial Accounting. This course CANNOT be transferred into the Accounting nor Finance Diploma.

This course offering is in progress. Please check back next term or subscribe to receive email updates.

In Progress

Learning Outcomes

Upon successful completion, the student will be able to:

  • Evaluate the nature and purpose of accounting information.
  • Apply generally accepted accounting principles in the analysis and recording of business transactions for service and merchandising operations under the Accounting Standards for Private Enterprises (ASPE).
  • Apply each step of the accounting cycle.
  • Generate financial statements (Income Statement, Statement of Retained Earnings, Balance Sheet and Statement of Cash Flows), and interpret the results.
  • Analyze financial statements using vertical, horizontal, and ratio analysis.
  • Describe accounting information systems.
  • Compare and contrast the three basic forms of business organization (proprietorships, partnerships, and corporations).
  • Assess the need for internal controls and apply them to cash and cash equivalents.
  • Define common types of receivables and use the allowance method to account for uncollectible amounts.
  • Apply appropriate measurement to property, plant, and equipment.
  • Assess the purpose and demonstrate the calculation of amortization (straight-line, units-of-production, and declining-balance methods).
  • Define goodwill and amortize intangible assets.
  • Assess the appropriate treatment of known, estimated, and contingent liabilities.
  • Demonstrate the accounting required for shareholders’ equity of a corporation.
  • Evaluate the accounting treatment of bonds and leases.
  • Analyze and record transactions for short and long-term investments.
  • Apply the equity method to account for investments with significant influence.
  • Analyze and record foreign currency transactions.

Effective as of Spring/Summer 2015

Related Programs

ACCG 5110 is offered as a part of the following programs:

School of Business

  1. Professional Accounting
    Part-time   Advanced Diploma

Books & Supplies

The BCIT bookstore carries textbooks, general reference books, software, and stationery. Please visit bcit.ca/bookstore for more information.

Fall 2019

Books for Fall 2019 offerings of this course are available in the following BCIT online bookstores. Please choose the bookstore appropriate for the offering you are considering.

BCIT Burnaby Bookstore

If you are taking this course, but are not taking it through either Distance Education or Online Learning, nor at the BCIT Downtown Campus (DTC), please purchase books for this course at the BCIT Burnaby Bookstore.

Horngren's Accounting, Vol 1 & 2 W. Mylab Accounting/Etext, 11Th Ce
Author Miller-Nobles
Publisher Ph
Copyright 1920
Binding Kit/Set/Package
ISBN 978-0-13617-338-0
Price $209.95
Required

Image not available
Cei Digital: Mylab For Accounting W Etext Vol 1, 11Th Ce
Author Horngren
Publisher Ph
Copyright 2019
Binding Digital Version
ISBN 978-0-13524-375-6
Price $95.00
Optional

Image not available
Cei Digital: Mylab For Accounting W Etext Vol 2, 11Th Ce
Author Horngren
Publisher Ph
Copyright 2019
Binding Digital Version
ISBN 978-0-13522-258-4
Price $95.00
Optional

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