Credit for ACCT 3008 is subject to the following 3 points:
(i) Students who receive credit for ACCT 3008 before successfully completing one or more of ACCT 1110, ACCT 1210, ACCT 1235, and ACCT 2320 will earn credit for ACCT 3008 and the other course(s) subsequently completed.
(ii) Students who have already received credit for ACCT 1110, ACCT 1210, ACCT 1235, or ACCT 2320 cannot take ACCT 3008 for further credit in any accounting programs.
(iii) Students who take ACCT 3008 in the same term as one or more of ACCT 1110, ACCT 1210, ACCT 1235, or ACCT 2320 will not be granted credit for ACCT 3008 in any accounting programs.
- Overview of financial reporting, analyze and calculate adjustments and their effects on financial statements
- Revenue recognition and financial statement preparation
- Cash, short-term investments, inventory and receivables
- Property, Plant and Equipment, Intangible Assets and Goodwill
- Current and long-term liabilities, including Time Value of Money
- Corporate accounting
- Statement of cash flows
- Financial statement analysis
- Managerial accounting in the information age
- Cost-volume-profit analysis
- Use of cost information in management decision-making
- Budgeting and variance analysis
- Capital budgeting
- Decentralization and performance evaluation
Lectures, demonstrations of material, and discussions will be used, together with any appropriate technology available which may be of assistance to students.
STUDENTS MUST WRITE BOTH THE MIDTERM(S) AND THE FINAL EXAMINATION TO OBTAIN CREDIT FOR THE COURSE.
To pass this course, students must obtain a minimum of 50% on invigilated assessments, with the 50% calculated on a weighted average basis.
Invigilated assessments include, in-class quizzes, in-class tests, midterm exam(s) and the final exam.
Students may conduct research as part of their coursework in this class. Instructors for the course are responsible for ensuring that student research projects comply with College policies on ethical conduct for research involving humans, which can require obtaining Informed Consent from participants and getting the approval of the Douglas College Research Ethics Board prior to conducting the research.
The student should be able to:
- account for the various classifications of assets and liabilities of a business;
- calculate adjustments, determine the effects of adjustments and prepare financial statements, using generally accepted accounting principles;
- analyze financial information to determine the financial health of the organization;
- understand the difference between cash flows and accounting profits (net income);
- develop a master budget and understand the elements of control and strategy implications;
- identify cost behaviour and its impact on the decision-making process;
- use capital budgeting techniques and evaluate and prioritize investments;
- understand and explain the importance of ethics and corporate social responsibility.
Burnley; Financial Accounting, latest edition, Wiley
Jiambalvo, Managerial Accounting, latest edition, Wiley
or other textbook(s) approved by the Accounting Department, and instructor compiled materials (if applicable)
Faculty of Commerce and Business Administration approved calculator.
Course Guidelines for previous years are viewable by selecting the version desired. If you took this course and do not see a listing for the starting semester / year of the course, consider the previous version as the applicable version.
|Institution||Transfer Details||Effective Dates|
|Athabasca University (AU)||AU ACCT 250 (3)||2016/05/01 to -|
|Coast Mountain College (CMTN)||CMTN ACCT 150 (3) or CMTN ACCT 151 (3)||2016/05/01 to -|
|College of the Rockies (COTR)||COTR ACCT 265 (3)||2016/05/01 to -|
|Kwantlen Polytechnic University (KPU)||No credit||2016/05/01 to -|
|Northern Lights College (NLC)||NLC MGMT 220 (4)||2016/05/01 to -|
|Simon Fraser University (SFU)||SFU BUS 2XX (3)||2016/05/01 to -|
|Thompson Rivers University (TRU)||TRU ACCT 1000 (3)||2016/05/01 to -|
|University Canada West (UCW)||UCW ACCT 301 (3)||2016/05/01 to -|
|University of British Columbia - Vancouver (UBCV)||UBCV COMM 2nd (3)||2016/05/01 to -|
|University of Northern BC (UNBC)||UNBC COMM 211 (3)||2016/05/01 to -|
|University of Victoria (UVIC)||UVIC COM 270 (1.5)||2016/05/01 to 2019/04/30|
|University of Victoria (UVIC)||UVIC COM 2XX (1.5)||2019/05/01 to -|