ACCG70019
Financial Accounting Assets 2 |
|
|
|
I: Administrative Information II: Course Details
III: Topical Outline(s) Printable Version Public |
|
Section I: Administrative Information
|
|
Credit Value: 3.0
Credit Value Notes: N/A
Effective: Spring/Summer 2015
Prerequisites:
(ACCG70018)
Corequisites:
N/A
Equivalents:
N/A
Pre/Co/Equiv Notes: N/A |
Course
Name (short): Financial Accounting Assets 2
School: Continuing Ed & Corp Training
Program(s):
Accounting
Program Coordinator(s):
Brent Koritko
Course Leader or Contact: Multiple Course Leaders
Originator: Ravneet Malhi
Designate: Ravneet Malhi
Version: 5.0
Status: Approved (APPR)
Calendar Description
N/A
Typical Instructional Format
Distance Education
|
42.0 |
Total hours: |
42.0 |
Courses may be offered in other formats.
Section I Notes:
This course is offered in a classroom version and an online version.
In the classroom version, there are three hours per week of classroom
instruction. The online version is a web-based course offered
entirely online through Sheridan College. Students taking this
course will need reliable access to the internet, and should have a
basic level of comfort using computers as well as the self-discipline
to study independently. Students can expect to spend an additional
three hours per week for online activities such as postings,
discussions, and homework. For the online course offering, the final
examination is to be completed in person. A minimum grade of "B" in
this course together with a minimum grade or "B" in ACCG70018
qualifies the student to apply for exemption toward the Certified
General Accountant course FA2.
|
|
|
Section II: Course Details
|
Detailed Description
Students focus on an in-depth approach to accounting and reporting of
accounts that make up the Asset section of a Balance Sheet. Students
investigate the effect of the Conceptual Framework on asset accounts
and learn to accurately account for and disclose asset transactions
in accordance with generally accepted Canadian accounting principles.
Students engage in learning through lectures, demonstrations, problem
solving.
Prerequisite(s):ACCG70018 Financial Accounting Assets 1.
Students use a variety of tools in the online environment and will
master the concepts by completing online quizzes and submitting
online assignments. Students will also have access to a monitored
online discussion board so that they may interact with the
instructor as needed.
Program Context
|
Accounting |
Program Coordinator: Brent Koritko |
This course studies in detail
the asset accounts that
comprise the Balance Sheet
that students prepared in
Financial Accounting Assets 1.
A complete understanding of
the conceptual framework and
how it affects the asset
accounts will prepare the
students for more advanced
concepts of accounting. This
course is a component of the
Accounting Sheridan
Certificate offered through
the Faculty of Continuing and
Professional Studies.
|
Course Critical Performance and Learning Outcomes
|
Critical Performance
By the end of this course, students will have demonstrated the ability
to accurately report asset transactions by applying the principles of
the underlying conceptual framework in the context of
the Canadian financial reporting environment.
Learning Outcomes
To achieve the critical performance, students will have demonstrated
the ability to:
1. Explain the accounting issues related to cash, cash equivalents,
accounts receivable, notes receivable, loans receivable and the
disposition of receivables.
2. Use the two common techniques to control cash.
3. Explain how receivables and loans are measured, reported and
analyzed.
4. Determine the cost of inventory items to be included on an
enterprise's balance sheet.
5. Estimate inventory by using the gross profit method and retail
method.
6. Account for investments in various equity and debt instruments.
7. Apply the equity method of accounting.
8. Identify the costs to include in the initial and subsequent
valuation of property, plant and equipment.
9. Calculate depreciation charges using various methods of
depreciation.
10. Apply the accounting standards for capital asset impairment and
long-lived assets that will be disposed of through sale.
11. Identify the characteristics, recognition and measurement
requirements for intangible assets.
|
Evaluation Plan
Students demonstrate their learning in the following ways:
|
Evaluation Plan Online
Students demonstrate their learning in the following ways:
Homework assignments (5 at 4% and 1 at 5% each) 25%
Quizzes (6 at 2.5% each) 15%
Final Examination (Modules 1-6)* 60%
Total 100%
* Students much achieve a minimum of 50% on the final exam to earn
credit for this course.
Online delivery mode-please note that all the homework assignments
will be completed within the online environment using WileyPlus. The
final examination will be in person.
---------------------------------------------------------------------
Evaluation Plan IN-CLASS
Students demonstrate their learning in the following ways:
Homework assignments (6x2%) 12%
Chapter quizzes (best 5 of 6 x 2%) 10%
Midterm Exam (Module 1-3) 40%
Final Exam (Comprehensive) 38%
Total 100%
|
Provincial Context
The course meets the following Ministry of Training, Colleges and Universities requirements:
|
Essential Employability
Skills
Essential Employability Skills emphasized in the course:
|
Communication
|
|
Critical Thinking & Problem Solving
|
|
Interpersonal
|
|
Numeracy |
|
Information
Management |
|
Personal
|
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 |
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.
|
|
[
Printable Version ]
|
Copyright © Sheridan College. All rights reserved. |