ACCG3010
Advanced Accounting 1
Sheridan College Logo
 
  I: Administrative Information   II: Course Details   III: Topical Outline(s)  Printable Version
 
Section I: Administrative Information
  Total hours: 42.0
Credit Value: 3.0
Credit Value Notes: N/A
Effective: Fall 2003
Prerequisites: (ACCG3006) AND (ACCG3005)
Corequisites: N/A
Equivalents:
N/A
Pre/Co/Equiv Notes: N/A

Program(s): Business Admin - Accounting
Program Coordinator(s): Donna P Grace
Course Leader or Contact: Multiple Course Leaders
Version:
11.0
Status: Approved - Under Rev (AREV)

Section I Notes: N/A

 
 
Section II: Course Details

Detailed Description
Topics covered are: Current & Long Term Investments, Current & Long Term Liabilities, Shareholders Equity and Complex Debt & Equity Instruments (covertible securities, stock options etc). ACCG3010 and ACCG3011 together qualify for excmption toward the CGA course of study.

Program Context

 
Business Admin - Accounting Program Coordinator: Donna P Grace
This course is a core component of the third year of the Accounting Program, building on the second year learning experiences of ACCG3005 and ACCG3006. This course is also a prerequisite for Advanced Accounting 2, ACCG3011. Program Coordinators: Trafalgar - Alison Feierabend, Davis - Donna P. Grace


Course Learning Outcomes
Learning outcomes identify the critical performances, and the knowledge, skills and attitudes that successful students will have reliably demonstrated through the learning experiences and evaluation in the course. Successful students will have demonstrated the following:

 
 
            Knowledge
			
Successful students will have demonstrated 
knowledge of more advanced financial accounting 
concepts and procedures related to the following:

-Marketable securities & long-term investments
-Controlling Interest and Consolidated 
 Financial Statements.
-Short-Term Liabilities, 
 including Accounts and Notes Payable, Accruals, 
 Revenue collected in Advance and Returnable 
 Deposits.
-Long-Term Debt
-Shareholders Equity and 
 the issues involved in various Corporate Equity 
 Transactions.
-Complex debt and equity securities such as convertible securities and 
 stock options.
 
 for Employees
 
            Skills
			
Successful students will have demonstrated further 
development in their abilities to:

-Account for investments in Long-Term Equity 
 Securities and prepare related financial 
 statement disclosures.
-Account for various current liabilities and 
 prepare related financial statement disclosures.
-Account for Long-Term Debt transactions and prepare related financial 
 statement disclosures.
-Account for various Corporate Equity Transactions 
 and prepare related financial statement 
 disclosures.
-Account for complex debt and equity securities and make 
 related Financial Statement disclosures.
 
            Attitudes
			
Successful students will have demonstrated 
attitudes of commitment and acceptance of 
responsibility by:

-Advance preparation, regular attendance and 
 participation in class.
-Diligent completion of assignments and 
 independent study.
-Meeting test and assignment due dates.
Evaluation Plan
Students demonstrate their learning in the following ways:

 
Participation:
Students are expected to make a reasonable effort to attend classes 
and to get involved.  It is the student's responsibility to know where 
they are in the course and to be prepared for the upcoming class 
sessions.  The course schedule should be consulted on a regular basis. 
Absence due to special circumstances should be discussed with the 
professor in advance wherever possible.

Students demonstrate their learning in the following ways:

Tests and Exams    90%
Assignments        10%
                  -----
                  100%

Details of evaluation may vary by professor.
*The instructor will provide a further breakdown as to the specifics 
of evaluation.
Provincial Context
The course meets the following Ministry of Training, Colleges and Universities requirements:

 

Generic Skills
Generic Skills emphasized in the course:

X communication - written X communication - oral   communication - visual
X analytical X creative thinking X decision making
  interpersonal X numeracy   organizational
X problem solving   technological X other (see below)

Notes: Critical Thinking

General Education
This General Education course relates to the following themes as specified by the Ministry of Training, Colleges and Universities.

  asthetic appreciation   social understanding
  civic life   understanding science
  cultural understanding   understanding technology
  personal development   work and the economy

Prior Learning Assessment and Recognition
PLAR Contact (if course is PLAR-eligible) : Office of the Registrar

Students may apply to receive credit by demonstrating achievement of the course learning outcomes through previous relevant work/life experience, service, self-study and training on the job. This course is eligible for challenge through the following method(s):

Challenge Exam Portfolio Interview Other Not Eligible for PLAR
X        

Notes:  N/A

 
 
Section III: Topical Outline
Some details of this outline may change as a result of circumstances such as weather cancellations, College and student activities, and class timetabling.
Effective term: Fall 2003
Professor: Multiple Professors
Textbook(s):
Intermediate Accounting, Second Edition, Volume 2
Beechy and Conrad, McGraw-Hill Ryerson.

(ISBN 007089020X)

Applicable student group(s): Business Administration- Accounting
Course Details:
Some details of this outline may change as a 
result of circumstances such as weather 
cancellations, College and student activities, and 
class timetabling.

WEEK             CHAPTER and TOPICS COVERED
 
 1      Chapter 12 - Marketable Securities
 
 2      Chapter 12 - Investments in Equity Securities
                   - Cost Method

 3      Chapter 12 - Investments in Equity Securities

 4      Chapter 12 - Equity Method: Consolidation

 5      Chapter 13 - Liabilities - Current

 6      Chapter 13 - Liabilities - Current

 7      MID-TERM EXAM

 8      Chapter 13 - Liabilities - Long-Term

 9      Chapter 13 - Liabilities - Long-Term

10      Chapter 14 - Shareholder's Equity

11      Chapter 14 - Shareholder's Equity

12      Chapter 15 - Complex Debt and Equity 
        Instruments

13      Chapter 15 - Complex Debt and Equity 
        Instruments

14      FINAL EXAM (Comprehensive)

Note:  

     1.  Missed Exams:  Please see your instructor.

     2.  Texts and calculators are to be brought to every class.


Sheridan Policies

All Sheridan policies can be viewed on the Sheridan policy website.

Academic Integrity: The principle of academic integrity requires that all work submitted for evaluation and course credit be the original, unassisted work of the student. Cheating or plagiarism including borrowing, copying, purchasing or collaborating on work, except for group projects arranged and approved by the professor, or otherwise submitting work that is not the student's own, violates this principle and will not be tolerated. Students who have any questions regarding whether or not specific circumstances involve a breach of academic integrity are advised to review the Academic Integrity Policy and procedure and/or discuss them with the professor.

Copyright: A majority of the course lectures and materials provided in class and posted in SLATE are protected by copyright. Use of these materials must comply with the Acceptable Use Policy, Use of Copyright Protected Work Policy and Student Code of Conduct. Students may use, copy and share these materials for learning and/or research purposes provided that the use complies with fair dealing or an exception in the Copyright Act. Permission from the rights holder would be necessary otherwise. Please note that it is prohibited to reproduce and/or post a work that is not your own on third-party commercial websites including but not limited to Course Hero or OneNote. It is also prohibited to reproduce and/or post a work that is not your own or your own work with the intent to assist others in cheating on third-party commercial websites including but not limited to Course Hero or OneNote.

Intellectual Property: Sheridan's Intellectual Property Policy generally applies such that students own their own work. Please be advised that students working with external research and/or industry collaborators may be asked to sign agreements that waive or modify their IP rights. Please refer to Sheridan's IP Policy and Procedure.

Respectful Behaviour: Sheridan is committed to provide a learning environment that supports academic achievement by respecting the dignity, self-esteem and fair treatment of every person engaged in the learning process. Behaviour which is inconsistent with this principle will not be tolerated. Details of Sheridan's policy on Harassment and Discrimination, Academic Integrity and other academic policies are available on the Sheridan policy website.

Accessible Learning: Accessible Learning coordinates academic accommodations for students with disabilities. For more information or to register, please see the Accessible Learning website (Statement added September 2016)

Course Outline Changes: The information contained in this Course Outline including but not limited to faculty and program information and course description is subject to change without notice. Any changes to course curriculum and/or assessment shall adhere to approved Sheridan protocol. Nothing in this Course Outline should be viewed as a representation, offer and/or warranty. Students are responsible for reading the Important Notice and Disclaimer which applies to Programs and Courses.


[ Printable Version ]

Copyright © Sheridan College. All rights reserved.