In this intermediate course, students build on the foundations established in an introductory accounting course such as BBUS 2211, ACCT 1211 or ACCT 1221. Students undertake an in-depth analysis of the asset side of the balance sheet. Key elements of this course are understanding the treatment in accor¬dance with Generally Accepted Accounting Principles (GAAP) and International Finance Reporting Standards (IFRS) of cash, temporary investments, receivables, inventories, long-term investments, and capital assets. Also discussed are the accounting concepts underlying GAAP, with particular emphasis on the revenue recognition prin-ciple, as well as an introduction to some of the accounting issues underlying the form and content of the primary financial statements: the income statement, the statement of retained earnings, and the balance sheet. (CA, CGA, CMA, PMAC)
BBUS 2211, or ACCT 1211 and ACCT 1221. MATH 1071 or a similar introduction to the mathematics of finance is also recommended.
By the time you have finished your work in this course, you should be able to:
A suitable financial calculator.
Computer with Internet access, MS Office 2007 or higher, and Microsoft Excel with Solver function .
Refer to "Course Delivery Formats" in the TRU-OL Calendar or on the TRU-OL web site for computer requirements (see: http://www.tru.ca/distance/services/online_courses.html#web).
The textbook publisher offers a Companion Website with student resources that may be used. Some elements of the course will require access to this student resource site.
An Open Learning Faculty Member is available to assist students. Primary communication is through Blackboard's "Mail" tool or by phone. You will receive the necessary contact information when you start your course.
In order to successfully complete this course, you must obtain at least 50% on the mandatory final examination and 50% overall. It is strongly recommended that students complete all assignments in order to achieve the learning objectives of the course.
Your final grade for the course is determined on the following basis: