Sheridan Course Outlines

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 2022
Prerequisites: ACCG32004D
Corequisites: N/A
Equivalents: N/A
Pre/Co/Equiv Notes: 45 credits including ACCG32004D

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: Lorraine Alyea
Version: 20220906_00
Status: Approved (APPR)

Section I Notes: N/A

Section II: Course Details

Detailed Description
Students examine the financial accounting theory which forms the basis for current financial accounting standards and its application to specific financial statement components using generally accepted accounting principles with a focus on the liability and shareholders' equity components of the balance sheet. Topics include current and long-term liabilities, leases, pensions and post-employment benefits, corporate income taxes, shareholders' equity, complex debt and equity instruments, earnings per share, accounting changes, cash flow statement, financial statement analysis, as well as any related income statement effects. A combination of interactive lectures, classroom problem solving and case study assignments will be employed to facilitate student learning.

Program Context

Bach Bus Admin Market Manage	Program Coordinator(s): Carol Bureau
This is a required course within the Bachelor of Business Administration (BBA) Accounting program and an elective course in BBA Finance, BBA Human Resources, BBA Marketing and BBA Supply Chain Management. This course continues the detailed study of financial accounting theory and its application to external financial reporting as required under generally accepted accounting principles. As such, it provides detailed insight as to how financial accounting serves the needs of external decision makers and thus prepares the student for advanced courses in financial accounting. This course is designed to meet the requirements of professional accounting programs of study.
Bach Business Admin Accounting	Program Coordinator(s): Francis Fasanu
This is a required course within the Bachelor of Business Administration (BBA) Accounting program and an elective course in BBA Finance, BBA Human Resources, BBA Marketing and BBA Supply Chain Management. This course continues the detailed study of financial accounting theory and its application to external financial reporting as required under generally accepted accounting principles. As such, it provides detailed insight as to how financial accounting serves the needs of external decision makers and thus prepares the student for advanced courses in financial accounting. This course is designed to meet the requirements of professional accounting programs of study.
Bach Business Admin Finance	Program Coordinator(s): Mark Weaver
This is a required course within the Bachelor of Business Administration (BBA) Accounting program and an elective course in BBA Finance, BBA Human Resources, BBA Marketing and BBA Supply Chain Management. This course continues the detailed study of financial accounting theory and its application to external financial reporting as required under generally accepted accounting principles. As such, it provides detailed insight as to how financial accounting serves the needs of external decision makers and thus prepares the student for advanced courses in financial accounting. This course is designed to meet the requirements of professional accounting programs of study.
Bach Human Resources	Program Coordinator(s): Sean O'Flynn
This is a required course within the Bachelor of Business Administration (BBA) Accounting program and an elective course in BBA Finance, BBA Human Resources, BBA Marketing and BBA Supply Chain Management. This course continues the detailed study of financial accounting theory and its application to external financial reporting as required under generally accepted accounting principles. As such, it provides detailed insight as to how financial accounting serves the needs of external decision makers and thus prepares the student for advanced courses in financial accounting. This course is designed to meet the requirements of professional accounting programs of study.
BachBus Admin Spply Chain Mgmt	Program Coordinator(s): Maryam Hafezi
This is a required course within the Bachelor of Business Administration (BBA) Accounting program and an elective course in BBA Finance, BBA Human Resources, BBA Marketing and BBA Supply Chain Management. This course continues the detailed study of financial accounting theory and its application to external financial reporting as required under generally accepted accounting principles. As such, it provides detailed insight as to how financial accounting serves the needs of external decision makers and thus prepares the student for advanced courses in financial accounting. This course is designed to meet the requirements of 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 prepare external financial statement components and disclosures, consistent with financial accounting theory and generally accepted accounting principles with a specific emphasis on accounting for liabilities and shareholders' equity.

Learning Outcomes:

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

Identify differences in financial reporting for public and private entities.
Demonstrate how various liabilities (debt) and equities are reported in accordance with generally accepted accounting principles.
Distinguish debt from equity, current liabilities from long-term liabilities and financial from non-financial liabilities.
Apply present value concepts and effective interest amortization methods to various long-term liabilities.
Explain the accounting treatment for various transactions affecting shareholders equity.
Describe the accounting for compensatory stock option plans.
Prepare appropriate accounting entries, supporting calculations and financial statement presentations for earnings per share, corporate income taxes and defined benefit pension plans.
Differentiate the accounting treatment of capital vs operating leases by a lessee and financing vs. sale-type leases by a lessor.
Contrast the accounting treatment applied to changes in accounting policy and correction of prior-year accounting errors, with the treatment of changes in accounting estimates.
Identify the appropriate accounting treatment of other disclosure issues related to segmented information, interim financial reporting, related-party transactions and subsequent events.
Use appropriate financial software to complete financial analyses.

Evaluation Plan
Students demonstrate their learning in the following ways:

Evaluation Plan: IN-CLASS & ONLINE INSTRUCTION

	Quizzes (10 x 1%)	10.0%
	Assignments (10 x 2% and 1 x 5%)	25.0%
	Midterm Exam	25.0%
	Cumulative Final Exam	40.0%
	Total	100.0%

Evaluation Notes and Academic Missed Work Procedure:

Late submissions are not permitted.  Modifications for exceptional circumstances (to be determined at the discretion of the instructor) may allow for changes to the implementation of this procedure.   Note: work/personal conflicts and/or commitments & computer related problems are not valid reasons for missed work.

Evaluation Plan: IN-CLASS

	Quizzes (10 x 1%)	10.0%
	Assignments (10 x 2% and 1 x 5%)	25.0%
	Midterm Exam	25.0%
	Cumulative Final Exam	40.0%
	Total	100.0%

Evaluation Notes and Academic Missed Work Procedure:

Late submissions are not permitted.  Modifications for exceptional circumstances (to be determined at the discretion of the instructor) may allow for changes to the implementation of this procedure.   Note: work/personal conflicts and/or commitments & computer related problems are not valid reasons for missed work.

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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