Detailed Description
This course is the first of two courses that provide the student with
knowledge of basic accounting procedures and theory. It serves as a
basis for more advanced studies in accounting or for a better
understanding of related concepts in other areas of business
specialization. Using lectures, demonstrations, in-class problem
solving activities and online learning resources, students begin to
learn the steps of the accounting cycle that result in useful
information for decision makers.
Program Context
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General Arts & Science Pre-Bus |
Program Coordinator: Bill Adcock |
General Arts & Science Pre-
Business
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Course Critical Performance and Learning Outcomes
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- 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.
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Evaluation Plan
Students demonstrate their learning in the following ways:
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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.
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Provincial Context
The course meets the following Ministry of Training, Colleges and Universities requirements:
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Essential Employability
Skills
Essential Employability Skills emphasized in the course:
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Communication
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X
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Critical Thinking & Problem Solving
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Interpersonal
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X
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Numeracy |
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Information
Management |
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Personal
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Notes: N/A
Prior Learning Assessment and Recognition
PLAR Contact: Multiple PLA Contacts
Students may apply to receive credit by demonstrating achievement
of the course learning outcomes through previous life and work experiences.
This course is eligible for challenge through the following
method(s):
Challenge Exam |
Portfolio |
Interview |
Other |
Not Eligible for PLAR |
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Notes: N/A
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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 2009
Professor: Multiple Professors
Textbook(s): Textbook:
Key Accounting Principles, Volume 1, 3rd Edition, N. Joffe (textbook
and workbook)
Applicable student group(s): General Arts & Science ¿ Pre-Business
Course Details:Weeks 1 & 2
Topic 1: The Importance and Purpose of Accounting Financial
Statements and Personal Accounting
Text Reference : Joffe Chapter 1
Online Chapter 1 tutorials due
Quiz #1 - Chapter 1
Weeks 3 & 4
Topic 2: Linking Personal Accounting to Business Accounting
Principles and Practices in Business
Text Reference : Joffe Chapter 2
Online Chapter 2 tutorials due
Quiz #2 - Chapter 2
Week 5
Term Test #1 - 25%
Week 6 & 7
Topic 3: Accounting Principles and Practices
Text Reference: Joffe Chapter 3
Online Chapter 3 tutorials due
Quiz #3 - Chapter 3
Weeks 8 & 9
Topic 4: Revenue and Expense Recognition
Text Reference: Joffe Chapter 4
Online Chapter 4 tutorials due
Quiz #4 - Chapter 4
Week 9
Term Test #2 - 25%
Weeks 10 & 11
Topic 5a) Business Accounting Cycle - Part 1
Text Reference : Joffe Chapter 5
Online Chapter 5 tutorials due
Quiz #5 - Chapter 5
Weeks 12 & 13
Topic 5b): Business Accounting Cycle - Part 2
Text Reference : Joffe Chapter 6
Online Chapter 6 tutorials due
Quiz #6
Week 14
Term Test #3 - 25%
Academic Honesty
The principle of academic honesty 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 faculty member, or otherwise submitting work that is not
the student's own violates this principle and will not be tolerated. Instances of academic dishonesty, including
assisting another student to cheat, will be penalized as detailed in the Student Handbook.
Students who have any questions regarding whether or not specific circumstances involve a breach of academic
honesty are advised to discuss them with the faculty member prior to submitting the assignment in question.
Discrimination and Harassment
Sheridan is committed to provide a learning environment that respects 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 are available in the Student Handbook.
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