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.

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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.
Print Effective Term Professor Applicable Student Group(s)
Spring/Summer 2015 Multiple Professors Faculty of Continuing and Professional Studies ONLINE students
Spring/Summer 2015 Multiple Professors Faculty of Continuing and Professional Studies IN-CLASS students
 
[ Printable Version ]

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