ADMN-115 - Accounting I - 3.00 Credits
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Course Details
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ADMN 115 is an in-depth study of the concepts, principles and practice for external business financial reporting. Consideration of issues related to the measurement and reporting of cash, receivable, inventories, property, plant and equipment, intangibles, investments, revenue and expense recognition and cash flows are discussed. In addition, current financial statement presentation issues (balance sheet, income statement) and cash flow statement) are analyzed to gain an appreciation for the impact of generally accepted accounting principles on the business environment as a whole. Recognition and measurement of liabilities (short and long-term), the structure of stockholders' equity, taxes, leases, pensions, and accounting changes and error analysis are also covered in the course. Current generally accepted standards for business reporting are also analyzed, as is their effect of the presentation of financial results by corporations and other entities.
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Part of the:BUSINESS Department
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Available/Required in the following Programs:Administrative Studies Certificate - Certificate Completion PlanTourism Management Certificate - Certificate Completion Plan
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Prerequisites : English 12, or English Studies 12, or English First Peoples 12, or equivalent assessment, and Math 11 or equivalent assessment, or permission of instructor.
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Course Outline
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Instructors Qualifications:
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Relevant Master's Degree.
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Office Hours:
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1.5 per week.
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Contact Hours:
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45
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Student Evaluation
Procedure:
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Assignments 50 - 70%, Final 30 - 50%, Total 100 %.
Grading procedures follow NVIT policy.
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Learning Outcomes:
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Upon successful completion of this course the students should be able to:
Demonstrate the generally accepted principles of accounting for a business enterprise or venture;
Apply accounting theory, standards, principles and procedures to practical accounting problems;
Demonstrate the fundamental rationale for the various financial accounting procedures introduced in the course;
Demonstrate the importance of accounting to strategic economic and business decisions;
Develop reasoned and practical methods of analyzing, evaluating, and utilizing accounting information;
Describe how the generally accepted principles of accounting for a business enterprise or venture differ from not-for profit (including fund accounting used in band management) accounting procedures;
Demonstrate application of the accounting environment through the use of the text, multimedia presentations (if available) and the Internet; and
Further develop their critical thinking skills.
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Text and Materials:
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Horngren, Charles T. et al. Introduction to Financial Accounting. “current” Canadian Edition. Toronto: Prentice Hall.
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Other Resources:
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Transfer Credits:
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For more information visit: www.bctransferguide.ca
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Other Information:
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Education Council approved October 2005.
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