BC's Indigenous Public Post-Secondary Institute

ACED-115 - Introduction To Accounting For Continuing Education - 3.00 Credits

ACED-115 - Introduction To Accounting For Continuing Education - 3.00 Credits

Course Details
ACED 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 on the presentation of financial results by corporations and other entities.
Part of the:
  • BUSINESS Department
  • Available/Required in the following Programs:
  • Aboriginal Community Economic Development Certificate - Certificate Completion Plan
  • Prerequisites : ENGL 060, MATH 051or English 12 or English Studies 12 and/or English First Peoples 12 and Principles of Math 11 or permission of instructor.
    Course Outline
    Instructors Qualifications: Relevant Master's Degree.
    Office Hours: 1.5 Per Week
    Contact Hours: 45
    Student Evaluation
    Assignments 50 - 70%, Final 30 - 50%, Total 100 %. Grading procedures follow NVIT policy.
    Learning Outcomes: Upon successful completion of this course students should be able to:
  • understand the generally accepted principles of accounting for a business enterprise or venture;

  • apply accounting theory, standards, principles and procedures to practical accounting problems;

  • understand the fundamental rationale for the various financial accounting procedures introduced in the course;

  • understand the importance of accounting to strategic economic and business decisions;

  • develop reasoned and practical methods of analyzing, evaluating, and utilizing accounting information;

  • appreciate 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;

  • appreciate the accounting environment through the use of the text, multimedia presentations (if available) and the Internet;

  • develop more fully their critical thinking skills; and

  • appreciate that learning accounting both interesting and fun.
  • Text and Materials: 1. Horngren, Charles T. et al. Introduction to Financial Accounting. 3rd Canadian Edition. Toronto: Prentice Hall, 1999.
    Other Resources:
    Transfer Credits: For more information visit: www.bctransferguide.ca
    Other Information: Education Council approved December 2000.