Instruction Mode: In-Class
Professor: Multiple Professors
Resource(s): | Type | Description | Required | Textbook | Key Accounting Principles, Vol 2, Neville Joffe, AME Publishing, 5th Canadian edition, ISBN 978-1-989003-51-0 (PAPER), ISBN 978-1-989003-55-8 (digital version) |
Required | Other | CPA Handbook (online via Sheridan Library database) |
Applicable student group(s): Business, Business Accounting, Business Finance, Business
Administration Accounting, Business Administration Finance
Course Details: Module 1: Accounting for Receivables & Recognition Measurement
- Credit customers and bad debts
- Promissory notes
- Converting receivables into cash before maturity
- Accounts Receivable turnover
- Days' sales outstanding analysis
- Review accounting principles such as revenue and expense recognition and measurement criteria under ASPE and IFRS.
Text Reference: Joffe Chapter 1
On line Chapter 1 tutorials
Quiz #1 (1%), Homework assignment (quiz) #1 (.75%)
Module 2: Accounting for Receivables
- Credit customers and bad debts
- Promissory notes
- Converting receivables into cash before maturity
- Accounts Receivable turnover
- Days' sales outstanding analysis
Text Reference: Joffe Chapter 2
On line Chapter 2 tutorials
Quiz #2 , (1%), Homework assignment (quiz) #2 (.682%)
Module 3: Long-Term Assets - Property, plant and equipment
- Costs subsequent to acquisition of property, plant & equipment
- Depreciation
- Impairment of Property, plant & equipment
- Disposals of Property, plant & equipment
- Intangible assets
- Asset turnover ratio
- Return on Total Assets ratio
Text Reference: Joffe Chapter 3
On line Chapter 3 tutorials
Quiz #3 (1%), Homework assignment (quiz) #3 (.75%)
Module 4: Partnerships
- Characteristics of partnerships
- Division of partnership earnings
Text Reference: Joffe Chapter 4
On line Chapter 4 tutorials
Quiz #4 (1%), Homework assignment (quiz) #4 (.75%)
Module 5: Corporations: Contributed Capital
- Corporate organization
- Issuance of shares
- Classes of shares
- Cash dividends
- Closing entries for a corporation
Text Reference: Joffe Chapter 5
On line Chapter 5 tutorials
Quiz #5 (1%), Homework assignment (quiz) #5 (.75%)
Midterm Exam - 35% Modules 1 - 6
Module 6: Corporations: The Financial Statements
- Book value per share
- Earnings per share
- Reporting income
- Retained earnings
- Corporate Financial Statements
Text Reference: Joffe Chapter 6
On line tutorials Chapter 6 due
Quiz #6 (1% ), Homework assignment (quiz) #6 (.75%)
Module 7: (Long Term) Non-Current Liabilities
- Bonds payable and other long-term liabilities
- Issuing bonds at par
- Time value of money
- Issuing bonds at discount and premium
- Retiring bonds
Text Reference: Joffe Chapter 7
On line Chapter 7 tutorials due
Quiz #7 (1%), Homework assignment (quiz) #7 (.75%)
Module 8: Investments
- Account for different types of debt and equity investments
- Record investment acquisition, interest or dividends earned, and disposal
Text Reference: Joffe Chapter 8
On line Chapter 8tutorials
Quiz #8 (1%), Homework assignment (quiz) #8 (.75%)
Module 9: The Statement of Cashflows
- Classify operating, investing and financing activities
- Create a simple cash flow statement
Text Reference: Joffe Chapter 9
On line Chapter 10 tutorials
Quiz #9 (1%), Homework assignment (quiz) #9 (.75%)
Module 10: Financial Statement Analysis
- Describe the purpose of financial statement analysis
- Explain and apply vertical/horizontal analysis
- Profitability, liquidity management ratios
On line Chapter 10 tutorials
Quiz #10 (1%), Homework assignment (quiz) #10 (.75%)
Final Exam - Cumulative - 40%
Tutorials will be assigned at the start of each term and will be due at the end of the course. The allocation of 7.5% ( 45 @.0167%) for tutorials will be spread equally across all tutorials due for the entire course.