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Credit Value: 3.0
Credit Value Notes: N/A
Effective: Winter 2009
Prerequisites:
N/A
Corequisites:
N/A
Equivalents:
N/A
Pre/Co/Equiv Notes: N/A |
Course
Name (short): Financial Accounting In Canada
School: Business
Program(s):
Accounting in Canada
Program Coordinator(s):
Sally Mitzel
Course Leader or Contact: Lorraine Cipparrone
Originator: Cheryl-Anne Shirley
Designate: Cheryl-Anne Shirley
Version: 1.03
Status: Approved (APPR)
Calendar Description
Internationally trained accountants learn accepted Canadian
accounting and financial practices in accordance with the ethical
regulatory requirements of the Canadian business environment.
Typical Instructional Format
Lecture
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42.0 |
| Total hours: |
42.0 |
Courses may be offered in other formats.
Section I Notes:
N/A
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Detailed Description
Students transition their previous international accounting education
and experience into the Canadian environment. Students learn
accepted Canadian accounting and financial practices in accordance
with the ethical regulatory requirements of the Canadian
environment. Through lectures, in-class problem solving, group
projects and a final comprehensive test, utilizing statements of
Canadian public companies, students format acceptable Canadian
financial statements in accordance with Canadian generally accepted
accounting practices.
Program Context
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| Accounting in Canada |
Program Coordinator: Sally Mitzel |
This course is in the first
semester of the Ontario
Graduate Certificate in the
Accounting in Canada for
Internationally Trained
Accountants program. This is
the foundation course which
supports the learning
throughout this program.
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Course Critical Performance and Learning Outcomes
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Critical Performance
By the end of this course, students will have demonstrated the
ability to: create appropriately compiled financial statements using
Canadian generally accepted accounting principles.
Learning Outcomes
To achieve the critical performance, students will have demonstrated
the ability to:
1. Compare correctly compiled Canadian financial statements to
identify differences in accounting policies and practices.
2. Format a set of Canadian financial statements according to
generally accepted accounting principles.
3. Identify elements of the CICA regulations as applied to a set of
publicly available financial statements.
4. Communicate professionally and effectively in both oral and
written form.
5. Critique Canadian financial statements and notations through an
evaluation of appropriate ethical choices and judgment.
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Evaluation Plan
Students demonstrate their learning in the following ways:
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Assignments (6 in total) 30%
Group Presentation 35%
Final Exam 35%
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Total 100%
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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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Critical Thinking & Problem Solving
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Interpersonal
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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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X |
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: Winter 2009
Professor: Tba
Textbook(s): "Financial Accounting A User Perspective", 5th Canadian Edition,
Robert Hoskin, Maureen Fizzell, Donald Cherry; John Wiley & Sons
Canada, Ltd.
Applicable student group(s): Accounting in Canada for Internationally Trained Accountants
Course Details:Unit Topic References Evaluation
Unit 1 Corporate Structures and Chapters 1, End of unit
the Canadian Accounting and 2 assignment 5%
Conceptual Framework.
The basic Canadian
Financial Statements and
the annual report
Unit 2 Preparation of the Income Chapter 3 End of unit
Statement and Balance Sheet assignment 5%
Unit 3 Revenue Recognition Chapter 4 End of unit
assignment
Group 5%
Presentation #1
35%
Unit 4 The Statement of Changes Chapter 5 End of unit
in Financial Position assignment 5%
Unit 5 Assets Chapters 5,6, End of Unit
and 7 assignment
Group 5%
Presentation #2
and #3 35%
Unit 6 Liabilities and Equity Chapters 9,10, End of Unit
and 11 assignment
Group 5%
Presentation #4
35%
Final Exam 35%
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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