ACCG12000D
Financial Accounting
Sheridan
 
  I: Administrative Information   II: Course Details   III: Topical Outline(s)  Printable Version
 

Land Acknowledgement

Sheridan College resides on land that has been, and still is, the traditional territory of several Indigenous nations, including the Anishinaabe, the Haudenosaunee Confederacy, the Wendat, and the Mississaugas of the Credit First Nation. We recognize this territory is covered by the Dish with One Spoon treaty and the Two Row Wampum treaty, which emphasize the importance of joint stewardship, peace, and respectful relationships.

As an institution of higher learning Sheridan embraces the critical role that education must play in facilitating real transformational change. We continue our collective efforts to recognize Canada's colonial history and to take steps to meaningful Truth and Reconciliation.


Section I: Administrative Information
  Total hours: 42.0
Credit Value: 3.0
Credit Value Notes: N/A
Effective: Fall 2019
Prerequisites: N/A
Corequisites: N/A
Equivalents: N/A
Pre/Co/Equiv Notes: N/A

Program(s): Bach Bus Admin Market Manage, Bach Business Admin Accounting, Bach Business Admin Finance, Bach Human Resources, BachBus Admin Spply Chain Mgmt
Program Coordinator(s): Sean O'Flynn, Carol Bureau, Francis Fasanu, Maryam Hafezi, Mark Weaver
Course Leader or Contact: Maurizio Di Maio, Preet Bhalla
Version: 20190903_00
Status: Approved (APPR)

Section I Notes: This course will be delivered in a face-to-face or hybrid format.

 
 
Section II: Course Details

Detailed Description
Students prepare financial statements that summarize an entity's economic events through the use of generally accepted accounting principles. The complexity of the global business environment requires students to identify and distinguish international differences in accounting reporting and financial statement analysis. Students critically examine and interpret financial statements including the Statement of Financial Position, Income Statement, Statement of Comprehensive Income, Statement of Retained Earnings, Statement of Changes in Equity and Cash Flow Statement. Through a combination of various learning techniques including interactive lectures, inquiry based learning, group work and case studies, students examine accounting principles to prepare financial statements and assess the financial performance of an entity.

Program Context

 
Bach Bus Admin Market Manage Program Coordinator(s): Carol Bureau
This required core course provides a foundation for higher level courses that use both quantitative and qualitative information for understanding the financial and operational performance of an organization. The outcomes and learning experiences of these course components will contribute to the students' Creative Learning Portfolio. This course is designed to meet the requirements for the professional accounting programs of study.

Bach Business Admin Accounting Program Coordinator(s): Francis Fasanu
This required core course provides a foundation for higher level courses that use both quantitative and qualitative information for understanding the financial and operational performance of an organization. The outcomes and learning experiences of these course components will contribute to the students' Creative Learning Portfolio. This course is designed to meet the requirements for the professional accounting programs of study.

Bach Business Admin Finance Program Coordinator(s): Mark Weaver
This required core course provides a foundation for higher level courses that use both quantitative and qualitative information for understanding the financial and operational performance of an organization. The outcomes and learning experiences of these course components will contribute to the students' Creative Learning Portfolio. This course is designed to meet the requirements for the professional accounting programs of study.

Bach Human Resources Program Coordinator(s): Sean O'Flynn
This required core course provides a foundation for higher level courses that use both quantitative and qualitative information for understanding the financial and operational performance of an organization. The outcomes and learning experiences of these course components will contribute to the students' Creative Learning Portfolio. This course is designed to meet the requirements for the professional accounting programs of study.

BachBus Admin Spply Chain Mgmt Program Coordinator(s): Maryam Hafezi
This required core course provides a foundation for higher level courses that use both quantitative and qualitative information for understanding the financial and operational performance of an organization. The outcomes and learning experiences of these course components will contribute to the students' Creative Learning Portfolio. This course is designed to meet the requirements for the professional accounting programs of study.


Course Critical Performance and Learning Outcomes

  Critical Performance:
By the end of this course, students will have demonstrated the ability to analyze financial statements, whether local or international, at a fundamental user level in order to make informed, ethical decisions.
 
Learning Outcomes:

To achieve the critical performance, students will have demonstrated the ability to:

  1. Identify relevant financial data used in making business decisions.
  2. Explain the financial accounting elements to consider when making a decision that impacts an entity's financial position.
  3. Explain the information communicated in the different parts of the financial statements and in annual reports.
  4. Prepare financial statements using generally accepted accounting principles.
  5. Interpret financial accounting information to respond to accounting issues and make appropriate decisions.
  6. Determine the impact on business analysis of different financial accounting measures and forms of reporting.
  7. Analyze the process of making a decision based on financial statements while considering the existing organizational structure, strategy, culture and external environment.
  8. Assess all financial decisions with an ethical perspective on corporate responsibilities.
  9. Demonstrate professional behaviours including: a. Meet due dates. b. Produce professional quality assignments. c. Reference materials responsibly.

Evaluation Plan
Students demonstrate their learning in the following ways:

 Evaluation Plan: IN-CLASS & ONLINE INSTRUCTION
 Quizzes (Best 10 out of 11 x 1%)10.0%
 Assignments (10 x 1%)10.0%
 Group Assignment10.0%
 Midterm Exam35.0%
 Final Exam (Cumulative)35.0%
Total100.0%

Evaluation Notes and Academic Missed Work Procedure:
In addition to achieving a minimum 50% overall grade, a student must have a combined average of at least 50% on the non-group components of the evaluation plan in order to receive credit for this course.



Evaluation Plan: IN-CLASS
 Quizzes (Best 10 out of 11 x 1%)10.0%
 Assignments (10 x 1%)10.0%
 Group Assignment10.0%
 Midterm Exam35.0%
 Final Exam (Cumulative)35.0%
Total100.0%

Evaluation Notes and Academic Missed Work Procedure:
In addition to achieving a minimum 50% overall grade, a student must have a combined average of at least 50% on the non-group components of the evaluation plan in order to receive credit for this course.

Provincial Context
The course meets the following Ministry of Colleges and Universities requirements:


 

Prior Learning Assessment and Recognition
PLAR Contact (if course is PLAR-eligible) - Office of the Registrar

  • Not Eligible for PLAR

 
 
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 Instruction Mode Professor Applicable Student Group(s)
In-Class Multiple Professors Bachelor of Business Administration
In-class & Online Instruction Multiple Professors Bachelor of Business Administration

Sheridan Policies

It is recommended that students read the following policies in relation to course outlines:

  • Academic Integrity
  • Copyright
  • Intellectual Property
  • Respectful Behaviour
  • Accessible Learning
All Sheridan policies can be viewed on the Sheridan policy website.

Appropriate use of generative Artificial Intelligence tools: In alignment with Sheridan's Academic Integrity Policy, students should consult with their professors and/or refer to evaluation instructions regarding the appropriate use, or prohibition, of generative Artificial Intelligence (AI) tools for coursework. Turnitin AI detection software may be used by faculty members to screen assignment submissions or exams for unauthorized use of artificial intelligence.

Course Outline Changes: The information contained in this Course Outline including but not limited to faculty and program information and course description is subject to change without notice. Nothing in this Course Outline should be viewed as a representation, offer and/or warranty. Students are responsible for reading the Important Notice and Disclaimer which applies to Programs and Courses.


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