Accountancy Courses

ACCO 220 Financial and Managerial Accounting (3 credits)

Description: This course provides an introduction to accounting principles underlying the preparation of financial reports with an emphasis on the relationship between accounting information and production decisions. It examines the relationship between costs, production volume, and profit, as well as the practical benefits of standard costs for planning and control purposes. The role of accounting information in various manufacturing decisions is also highlighted.

Component(s): Lecture

Notes:

ACCO 230 Introduction to Financial Accounting (3 credits)

Description: This course provides an introduction to accounting concepts underlying financial statements of organizations. It focuses on the analysis, measurement, and reporting of business transactions to users of financial statements. It also examines the uses and limitations of accounting information for investment and credit decisions.

Component(s): Lecture

Notes:

ACCO 240 Introduction to Managerial Accounting (3 credits)

Prerequisite/Corequisite: The following course must be completed previously: ACCO 230.

Description: This course examines the role of accounting information for decision making, and focuses on concepts and techniques used in planning operations, controlling activities, and evaluating managerial performance. New developments are addressed with a focus on contemporary business issues and real-world applicability of management accounting concepts and techniques.

Component(s): Lecture

Notes:

ACCO 310 Financial Reporting I (3 credits)

Prerequisite/Corequisite:

The following course must be completed previously or concurrently: COMM 305.

 

Description: Intensive study is made of the theory and practice of external financial reporting by business organizations, focusing on concepts and procedures underlying the measurement of assets and the determination of income.

Component(s): Lecture

ACCO 320 Financial Reporting II (3 credits)

Prerequisite/Corequisite: The following courses must be completed previously: ACCO 310.

Description: This course continues the intensive study of ACCO 310 , with particular emphasis on accounting for liabilities, shareholders’ equity, and other related topics such as earnings per share, pension accounting, and accounting for income taxes.

Component(s): Lecture

ACCO 330 Cost and Management Accounting (3 credits)

Prerequisite/Corequisite: The following course must be completed previously: COMM 305.

Description: This course provides an examination of the techniques, systems, and procedures applicable to the managerial use of accounting information for planning, decision-making, and control. Topics include cost accumulation and allocation, product and process costing, flexible budgeting and variance analysis, evaluation of managerial performance, and transfer pricing.

Component(s): Lecture

ACCO 340 Income Taxation in Canada (3 credits)

Prerequisite/Corequisite:

The following course must be completed previously: COMM 217.

 

Description: This course provides core knowledge regarding the federal income tax structure and the Canadian goods and services tax system. It examines the taxation of employment, business, property income, capital gains and other sources of income for an individual.

Component(s): Lecture

ACCO 350 Accounting and Information Technology (3 credits)

Prerequisite/Corequisite:

The following course must be completed previously: COMM 305, COMM 226 or COMM 301.

 

Description: This course examines the role of computerized accounting information systems (AIS) in organizations. Students learn how to justify, design, and utilize AIS to provide pertinent information to managers for decision making. The course helps to identify appropriate usage of information technology in specific accounting contexts. Topics include e-business, computer fraud, information systems security and controls, systems analysis, and management of information technology.

Component(s): Lecture

ACCO 355 Analysis of Financial Statements (3 credits)

Prerequisite/Corequisite:

The following courses must be completed previously: COMM 305; COMM 308.

 

Description: This course explores the usefulness and limitations of financial statements for investment and credit decisions. It focuses on the interpretation of the information contained in financial statements which reflect the economic characteristics of the firm and its strategic business decisions. Instruments and techniques for financial statement analysis are discussed and applied to case studies and actual companies.

Notes:
  • This course would be useful for students in Finance and Management.

ACCO 360 Principles of Auditing (3 credits)

Prerequisite/Corequisite: The following course must be completed previously: COMM 305.

Description: This course examines the concepts and methods of auditing and how internal and external audits are integrated in a more general corporate governance and risk management framework. The importance of the design and monitoring of effective internal controls is highlighted. The objectives, concepts and methods of auditing are illustrated with examples and short cases. They are also applied to solve simple problems and cases.

Component(s): Lecture

Notes:
  • Students who have received credit for ACCO 450 may not take this course for credit.

ACCO 365 U.S. Federal Taxation (3 credits)

Prerequisite/Corequisite:

The following courses must be completed previously: COMM 217 or ACCO 230.

 

Description: This course familiarizes the student with individual and corporate taxation in the U.S. The use of professional judgment in the application of tax planning recommendations is also addressed in this course.

Component(s): Lecture

Notes:
  • Students who have received credit for this topic under an ACCO 470 number may not take this course for credit.

ACCO 400 Accounting Theory (3 credits)

Prerequisite/Corequisite: The following course must be completed previously: ACCO 320 .

Description: This course examines the theoretical foundations of the contemporary approach to financial reporting, and the political and pragmatic considerations in the development of the conceptual framework underlying current accounting standards. Alternative theories of accounting are discussed and controversial areas are emphasized.

Component(s): Lecture

ACCO 420 Financial Reporting III (3 credits)

Prerequisite/Corequisite: The following course must be completed previously: ACCO 320.

Description: This course examines the theory and practice of accounting for intercorporate investments, business combinations, consolidation of financial statements, and foreign currency transactions and operations.

Component(s): Lecture

ACCO 425 Financial Reporting IV (3 credits)

Prerequisite/Corequisite: The following course must be completed previously: ACCO 320.

Description: This course addresses special topics in accounting including financial reporting for not for profit organizations and government entities. Governance, social responsibility concepts, and accountability frameworks are illustrated by comparing the practices of selected organizations with authoritative standards.

Component(s): Lecture

Notes:
  • Students who have received credit for ACCO 410 may not take this course for credit.

ACCO 435 Strategic Accounting Case Analysis (3 credits)

Prerequisite/Corequisite: The following courses must be completed previously: ACCO 320; ACCO 330. The following course must be completed previously or concurrently: COMM 401.

Description: This course integrates topics in financial and management accounting, finance, and business strategy covered in previous courses. Students are involved in a case environment that requires them to analyze the external and internal environments of a business, perform financial analysis, evaluate alternatives, and recommend a plan of action. Students are introduced to enterprise resource planning (ERP) platforms used in companies, asset financing, and aspects of commercial lending to assess financing alternatives.

Component(s): Lecture

Notes:
  • Students who have received credit for this topic under an ACCO 470 number may not take this course for credit.

ACCO 440 Advanced Taxation (3 credits)

Prerequisite/Corequisite: The following course must be completed previously: ACCO 340.

Description: This course provides core knowledge regarding the federal taxation of corporations, partnerships, and trusts. It introduces analytical skills needed to make decisions regarding various business transfers, combinations, incorporation and estate planning issues for corporations and shareholders.

Component(s): Lecture

ACCO 455 Fraud Prevention and Investigation (3 credits)

Prerequisite/Corequisite:

The following courses must be completed previously: COMM 217; COMM 315.

 

Description: This course examines the principles of and methodology used in fraud detection and deterrence. Topics covered may include skimming, cash larceny, cheque tampering, billing, payroll and expense reimbursement schemes, non-cash misappropriations, corruption, fraudulent financial statements, conducting investigations and interviewing witnesses. This course may also examine auditors’ legal responsibilities towards fraud, the evaluation of internal controls and important pieces of legislation such as the Sarbanes-Oxley Act and the Criminal Code. Finally, the ethical aspects associated with fraud are discussed. Class sessions consist of lectures, real-life fraud case discussions and the presentation of DVDs from the Association of Certified Fraud Examiners.

Component(s): Lecture

Notes:
  • Students who have received credit for this topic under an ACCO 470 number may not take this course for credit.

ACCO 465 Advanced Assurance Services (3 credits)

Prerequisite/Corequisite:

The following course must be completed previously: ACCO 320 and ACCO 360, or ACCO 450.

 

Description: This course covers important topics and concepts in auditing and assurance services. It builds on audit principles covered in previous courses and introduces specialized and advanced topics that are of particular importance to professional accountants. In covering topics and their application, the course focuses on decision-making processes followed by auditors.

Notes:
  • Students who have received credit for this topic under an ACCO 470 number may not take this course for credit.

ACCO 470 Special Topics in Accounting (3 credits)

Prerequisite/Corequisite: Written permission of the Department is required.

Description: This course provides an opportunity for more intensive study in one or more specific topics in accounting. This course is intended to complement accounting courses taken previously or concurrently at the senior level.

Component(s): Lecture

Notes:
  • Specific topics for this course and prerequisites relevant in each case are stated in the Undergraduate Class Schedule.

ACCO 495 Honours Seminar in Accountancy (6 credits)

Prerequisite/Corequisite: The following course must be completed previously or concurrently: ACCO 400. Enrolment in the BComm Honours in Accountancy program is required.

Description: This seminar is offered to students in the Honours in Accountancy program over the course of two terms. In the first term, the seminar surveys accounting history, research methodology and recent research in topics covered in the Accountancy curriculum. In addition, students begin working on a research or case project to be conducted under the supervision of a faculty member. In the second term, students complete their project for submission by the end of the term. Presentation of the project at a poster session or department seminar is also required.

Component(s): Lecture

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