- Analyze personal accounting transactions using the accounting 
equation.
- Analyze business accounting transactions using the accounting 
equation.
- Understand the difference between cash basis and accrual basis 
accounting.
- Record transactions in a journal, post from the journal to the 
ledger and prepare a trial balance.
- Prepare a worksheet.
- Record some typical adjusting entries at the end of the accounting 
period and prepare an adjusted trial balance.
- Prepare a balance sheet, income statement and a statement of 
owner's equity from the adjusted trial balance.
- Prepare closing entries for the revenue, expense, and drawings 
accounts.
- Classify assets and liabilities as current or long-term.

In-class Assignments (best 10 out 11)	10.0%
Online Tutorials 	                 7.5%
Online Quizzes	                         7.5%
Tests (3 at 25% each)	                75.0%
Total	                               100.0%

TEST AND ASSESSMENT PROTOCOL

To encourage behaviours that will help students to be successful in 
the workplace and to ensure that students receive credit for their 
individual work, the following rules apply to every course offered 
within the Faculty of Applied Health and Community Studies.

1. The professor will specify in writing test dates and times and due 
dates and any special instructions for submitting assignments and 
projects.
2. Students must write all tests at the specified times. Missed 
tests, in-class activities, assignments and presentations are awarded 
a mark of zero. If an extensions or make-up opportunity is approved 
by the professor as outlined below, the mark of zero may be revised 
by subsequent performance. The penalty of late submission of written 
assignments is a loss of 10% per day for up to five business days 
(excluding weekends and statutory holidays), after which, a grade of 
zero is assigned. Business days include any day that the college is 
open for business, whether the student has scheduled classes that day 
or not.
3. Students, who miss a test, in-class activity, assignment or fail 
to submit an assignment on time due to exceptional circumstances, are 
required to notify their professor in advance of the class. A make-up 
test may be supplied to students who provide an acceptable 
explanation of their absence and/or acceptable documentation 
explaining their absences (e.g., a medical certificate). All make-up 
tests are to be written at a time and place specified by the 
professor upon the student¿s return. Alternatively, students may be 
given an opportunity to earn associated marks by having a subsequent 
test count for the additional marks. Exceptional circumstances may 
result in a modification of due dates for assignments.
4. Unless otherwise specified, assignments and projects must be 
submitted at the beginning of class.
5. Students must complete every assignment as an individual effort 
unless the professor specifies otherwise.
6. Students are strongly advised to keep, and make available to their 
professor, if requested, a copy of all assignments and working notes 
until the course grade has been finalized.
7. There will be no resubmission of work unless this has been 
previously agreed to or suggested by the professor.

Essential Employability Skills
Essential Employability Skills emphasized in the course:

Notes: N/A

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):

Notes:  N/A