Course description
Bachelor of Accounting (Honours only)
Year 1
- ACTG 1P11, 1P12 and 1P71
- ECON 1P91 and 1P92
- ITIS 1P97
- MATH 1P97 and 1P98
- one Science context credit
Year 2
- ACTG 2P21, 2P31 and 2P32
- ECON2P91
- FNCE 2P91 and 3P93
- MKTG 2P91
- OBHR 2P91
- OPER 2P91
- one-half elective credit (see program note 1)
Year 3
- ACTG 3P11, 3P23, 3P33 and 3P97
- ACTG 3P41 or 4P40 (see program note 4)
- ETHC 3P82
- one Humanities context credit
- one elective credit (see program note 1)
Year 4
- ACTG 4P11, 4P12 and 4P34
- MGMT 4P90
- one elective credit (see program note 1)
Program A:
- ACTG 4P41, 4P42, 4P61 and 4P62 (see program notes 4 and 5)
Program B:
- MGMT 3P98
- one credit from ACTG, ENTR, FNCE, ITIS, MGMT, MKTG, OBHR, OPER, POLI 4P54 (see program note 5)
- one-half elective credit (see program note 1)
Course Descriptions
ACTG 1P11
Introduction to Accounting I
Nature and role of accounting information for planning, decision making, control and external reporting by businesses and other economic organizations.
Lectures, discussion, 3 hours per week.
Restriction: open to BAcc majors.
Note: enrolment limited to 45 students per section.
Completion of this course will replace previous assigned grade and credit obtained in ACTG 1P91.
ACTG 1P12
Introduction to Accounting II
Emphasizing the application of various accounting concepts to generate information for a variety of purposes.
Lectures, discussion, 3 hours per week.
Restriction: open to BAcc majors.
Prerequisite: ACTG 1P11.
Note: enrolment limited to 45 students per section.
Completion of this course will replace previous assigned grade and credit obtained in ACTG 2P12.
ACTG 1P71
The Legal Environment of Business
Canadian legal system as it affects the modern business environment, in particular the accounting professional. Topics include financial disclosure and audit requirements, corporate finance and securities, corporate capacity and agency and professional liability for negligence and other business torts.
Lectures, seminar, 3 hours per week.
Restriction: open to BAcc majors.
Note: enrolment limited to 65 students per section.
Completion of this course will replace previous assigned grade and credit obtained in ACTG 2P40.
ACTG 1P91
Introduction to Financial Accounting
Fundamental concepts of financial accounting as related to the balance sheet, income statement and statement of cash flow. Problems of income determination, asset and equity measurements and analysis of financial statements.
Lectures, discussion, 3 hours per week.
Restriction: open to BBA, BBE, BCB, BTEB, combined Business majors and Business minors until date specified in Registration guide. In Winter Term not open to BBA and BBE majors until date specified in Registration guide.
Note: enrolment limited to 45 students per section.
Completion of this course will replace previous assigned grade and credit obtained in ACTG 1P11.
ACTG 2P12
Introduction to Management Accounting
Accounting for managerial decision-making, including identifying relevant data, understanding various cost accounting systems and breakeven analysis.
Lectures, discussion, 3 hours per week.
Restriction: open to BBA, BBE, BCB, BTEB, combined Business majors and Business minors until date specified in Registration guide. In Winter Term not open to BBA majors until date specified in Registration guide.
Prerequisite: ACTG 1P91.
Note: enrolment limited to 45 students per section.
Completion of this course will replace previous assigned grade and credit obtained in ACTG 1P12.
ACTG 2P21
Cost and Managerial Accounting I
Internal recording systems developed to implement and guide management planning and control emphasizing cost identification, product costing, cost behaviour and cost allocations as well as analysis and communication of relevant information to users in a professional manner.
Lectures, discussion, 3 hours per week.
Restriction: open to BAcc majors, BBA students approved to the accounting concentration and BBE Financial Economics option students until the date specified in the Registration guide. After that date open to students who have a minimum 70 percent major average and a minimum 60 percent non-major average. In Spring Term open to BAcc Co-op majors until date specified in Registration guide.
Prerequisite: ACTG 1P12 or 2P12.
Note: enrolment limited to 40 students per section.
ACTG 2P31
Accounting for External Reporting I
Topics in theory preparation and analysis of external financial reports under Canadian GAAP. Topics may include the Canadian financial reporting environment, the conceptual framework underlying financial reporting, accounting information systems, revenue recognition, reporting financial performance, financial position and cash flows, and accounting for cash, temporary investments and receivables.
Lectures, discussion, 3 hours per week.
Restriction: open to BAcc majors and BBA students approved to the accounting concentration until the date specified in the Registration guide. After that date open to students who have a minimum 70 percent major average and a minimum 60 percent non-major average.
Prerequisite: ACTG 1P12 or 2P12.
Note: enrolment limited to 40 students per section.
ACTG 2P32
Accounting for External Reporting II
Advanced topics in the preparation of external financial reports according to current GAAP. Use, critique and analysis of financial reports. Topics may include accounting for inventory; property, plant and equipment; intangibles; short and long term liabilities; and owners' equity.
Lectures, discussion, 3 hours per week.
Restriction: open to BAcc majors and BBA students approved to the accounting concentration until the date specified in the Registration guide. After that date open to students who have a minimum 70 percent major average and a minimum 60 percent non-major average. In Spring Term open to BAcc Co-op majors until date specified in Registration guide.
Prerequisite: ACTG 2P31.
Note: enrolment limited to 40 students per section.
ACTG 2P40
Commercial Law
Basic legal considerations for the business organization.
Lectures, discussion, 3 hours per week.
Restriction: open to BBA, BBE, BCB and combined Business majors until date specified in Registration guide. In Spring Term open to BBA Co-op majors until date specified in Registration guide.
Note: enrolment limited to 45 students per section.
Completion of this course will replace previous assigned grade and credit obtained in ACTG 1P71.
ACTG 3P11
Auditing Concepts
Nature of verification, audit evidence, testing, the elements of effective control structures, the use of statistical sampling and evolution of external, internal and comprehensive auditing.
Lectures, discussion, 3 hours per week.
Restriction: open to BAcc majors and BBA students approved to the accounting concentration until the date specified in the Registration guide. After that date open to students who have a minimum 70 percent major average and a minimum 60 percent non-major average. In Spring Term open to BAcc Co-op majors until date specified in Registration guide.
Prerequisite: ACTG 3P97 (3P22 or MGMT 4P12).
Note: enrolment limited to 40 students per section.
ACTG 3P23
Cost and Managerial Accounting II
Continuation of the study of internal recording systems emphasizing performance evaluation, divisional performance measurement, transfer pricing, behavioural implications of accounting information and current issues including analysis and communication of relevant information to users in a professional manner.
Lectures, discussion, 3 hours per week.
Restriction: open to BAcc majors until the date specified in the Registration guide. After that date open to students who have a minimum 70 percent major average and a minimum 60 percent non-major average. In Spring Session open to BAcc Co-op majors until date specified in Registration guide.
Prerequisite: ACTG 2P21.
Note: enrolment limited to 40 students per section.
ACTG 3P33
Accounting for External Reporting III
Advanced topics in the preparation of external financial reports according to current GAAP. Use, critique and analysis of these reports. Topics may include accounting for long-term investments, leases, income taxes, pensions, error analysis, cash flow statements and ethics.
Lectures, discussion, 3 hours per week.
Restriction: open to BAcc majors until the date specified in the Registration guide. After that date open to students who have a minimum 70 percent major average and a minimum 60 percent non-major average. In Spring Session open to BAcc Co-op majors until date specified in Registration guide.
Prerequisite: ACTG 2P32.
Note: enrolment limited to 40 students per section.
ACTG 3P41
Taxation I
Principles underlying federal income taxation in Canada through an analysis of the Income Tax Act, R.S.C., as amended. Computation of net income for tax purposes.
Lectures, discussion, 3 hours per week.
Restriction: open to BAcc majors until the date specified in the Registration guide. After that date open to students who have a minimum 70 percent major average and a minimum 60 percent non-major average. In Spring Session open to BAcc Co-op students until date specified in Registration guide.
Prerequisite: ACTG 1P12 or 2P12.
Note: enrolment limited to 40 students per section.
ACTG 3P97
Accounting Information Systems
Fundamental concepts of accounting information systems emphasizing analysis, design and implementation of information systems and internal controls.
Lectures, discussion, 3 hours per week.
Restriction: open to BAcc majors and BBA students approved to the accounting concentration until the date specified in the Registration guide. After that date open to students who have a minimum 70 percent major average and a minimum 60 percent non-major average.
Prerequisites: ACTG 1P12 or 2P12; ITIS 1P97.
Note: enrolment limited to 40 students per section.
Completion of this course will replace previous assigned grade and credit obtained in ACTG 3P22.
#ACTG 4P03
Financial Analysis
(also offered as FNCE 4P03)
Importance and use of financial statement information in areas such as analysis of credit, equity investment, industry and competitors, analysis of mergers and acquisitions and the firm's strategy in communicating information to capital markets.
Lectures, case discussion, 3 hours per week.
Restriction: open to BAcc students, BBA students approved to the finance concentration and BBE financial economics option students until date specified in Registration guide.
Prerequisite: FNCE 3P93.
Note: enrolment limited to 40 students per section.
ACTG 4P11
Accounting Theory
Economic, behavioural and ethical foundations of accounting theory including the need for and development of standards, a conceptual framework, alternatives to present accounting models and current issues.
Lectures, discussion, 3 hours per week.
Restriction: open to BAcc majors with a minimum of 12.0 overall credits until the date specified in the Registration guide. After that date open to students who have a minimum of 12 overall credits and a 70 percent major average and a minimum 60 percent non-major average.
Prerequisite: ACTG 3P33.
Note: enrolment limited to 40 students per section.
ACTG 4P12
Integration and Problem Solving
Incorporates sub disciplines of accounting in the context of a wider view of organizations through the examination of applied and theoretical issues.
Cases, discussion, 3 hours per week.
Restriction: open to BAcc majors until the date specified in the Registration guide. After that date open to students who have a minimum 70 percent major average and a minimum 60 percent non-major average. In Fall Session, open to BAcc Co-op majors until date specified in Registration guide.
Prerequisites: ACTG 3P23 and 4P34.
Note: ACTG 4P34 may be taken concurrently. Enrolment limited to 40 students per section.
ACTG 4P34
Accounting for External Reporting IV
Advanced topics in theory, preparation and analysis of external financial reports under Canadian GAAP. Topics may include theory and practice of consolidation procedures, accounting for international operations and financial instruments, and basics of accounting for not-for-profit organizations.
Lectures, discussion, 3 hours per week.
Restriction: open to BAcc majors until the date specified in the Registration guide. After that date open to students who have a minimum 70 percent major average and a minimum 60 percent non-major average. In Spring Session open to BAcc Co-op majors until date specified in Registration guide. In Fall Term not open to BAcc Co-op majors without permission of the instructor.
Prerequisite: ACTG 3P33.
Note: enrolment limited to 40 students per section.
ACTG 4P40
Tax Strategies for Planning and Decision Making
Principles of individual and corporate taxation emphasizing the effects of federal and sub federal income taxes on decision making in business.
Lectures, discussion, cases, 3 hours per week.
Restriction: open to BBA, BBE Financial Economics option students and combined Business majors with a minimum of 10.0 overall credits until the date specified in the Registration guide. After that date open to students who hold a minimum 70 percent major average and a minimum 60 percent non-major average; not open to BAcc majors.
Prerequisite: ACTG 1P12 or 2P12.
Note: enrolment limited to 40 students per section.
ACTG 4P41
Taxation II
Computation of taxable income and taxes payable for individuals and corporations. Rights and obligations of the taxpayer. Determination of the effects of federal income taxes on decision-making.
Lectures, discussion, 3 hours per week.
Restriction: open to BAcc majors until the date specified in the Registration guide. After that date open to students who have a minimum 70 percent major average and a minimum 60 percent non-major average.
Prerequisite: ACTG 3P41.
Note: enrolment limited to 40 students per section.
ACTG 4P42
Taxation III
Topics include tax implications of changes in corporate structures, corporate distributions, rollovers and shareholder/manager remuneration, trusts and partnerships.
Lectures, discussion, 3 hours per week.
Restriction: open to BAcc majors until the date specified in the Registration guide. After that date open to students who have a minimum of 12.0 overall credits and a 70 percent major average and a minimum 60 percent non-major average. In Spring Session open to BAcc Co-op majors until date specified in Registration guide.
Prerequisite: ACTG 4P41.
Note: enrolment limited to 40 students per section.
ACTG 4P61
External Auditing I
Financial statement audit including the professional and legal responsibilities of the auditor, generally accepted auditing standards, risk, materiality and the planning and execution of the audit.
Lectures, discussion, 3 hours per week.
Restriction: open to BAcc majors with a minimum of 12.0 overall credits until the date specified in the Registration guide. After that date open to students who have a minimum of 12.0 overall credits and a 70 percent major average and a minimum 60 percent non-major average. In Spring Session open to BAcc Co-op majors until date specified in Registration guide. In Fall Term not open to BAcc co-op majors without permission of the instructor.
Prerequisite: ACTG 3P11.
Note: enrolment limited to 40 students per section.
ACTG 4P62
External Auditing II
Emphasis on the completion of the audit, evaluation of results, audit reports, review engagements and current topics.
Lectures, discussion, 3 hours per week.
Restriction: open to BAcc majors until the date specified in the Registration guide. After that date open to students who have a minimum 70 percent major average and a minimum 60 percent non-major average. In Fall Session, open to BAcc Co-op majors until date specified in Registration guide.
Prerequisite: ACTG 4P61.
Note: enrolment limited to 40 students per section.
ACTG 4P91
Research Topic
Directed intensive study or research under the supervision of a faculty member in an area in which the student has shown particular competence.
Restriction: open to BAcc, BBA and combined Business majors with a minimum of 13.5 overall credits and permission of the Chair and supervising faculty member.
Note: to be chosen in consultation with the supervising faculty member.
ACTG 4V90-4V99
Topics in Accounting
Courses in specialized areas within the discipline.
Lectures, discussion, 3 hours per week.
Restriction: open to BAcc, BBA and combined Business majors.
