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  I: Administrative Information   II: Course Details   III: Topical Outline(s)  Printable Version
Section I: Administrative Information
  Total hours: 42.0
Credit Value: 3.0
Credit Value Notes: N/A
Effective: Spring/Summer 2014
Prerequisites: N/A
Corequisites: N/A
ACCG16971, ACCG70009
Pre/Co/Equiv Notes: N/A

Program(s): Office Admin - Executive, Office Administration, Office Administration Legal, Office Administration Medical
Program Coordinator(s): Lisa Mendez
Course Leader or Contact: Kellie Hayward
Status: Approved - Under Rev (AREV)

Section I Notes: N/A

Section II: Course Details

Detailed Description
Students will analyze and record business transactions and prepare basic financial statements. Through lectures, in-class problem solving, and tutorials students record standard business transactions, identify cash controls, and prepare trial balances, income statements and balance sheets.

Program Context

Office Admin - Executive Program Coordinator: Lisa Mendez
Same as above.

Office Administration Program Coordinator: Lisa Mendez
This is a required course in Term 2 of the Office Administration programs. It focuses on preparing students to perform light accounting duties as part of an administrative function.

Office Administration Legal Program Coordinator: Lisa Mendez
Same as above.

Office Administration Medical Program Coordinator: Lisa Mendez
Same as above.

Course Critical Performance and Learning Outcomes

Critical Performance
By the end of this course, students demonstrate the ability to record 
transactions in the general journal and ledgers, accurately prepare 
basic financial statements, and identify cash controls.

Learning Outcomes
To achieve the critical performance, students demonstrate the ability 

1.  Describe how handling a business's finances differs from handling
    personal finances
2.  Define basic accounting terminology, including debits and credits
3.  Record transactions in a general journal
4.  Post transactions to a general ledger
5.  Outline the accounting cycle, identifying key elements
6.  Complete a worksheet and close the accounting records
7.  Prepare a trial balance sheet
8.  Identify where different financial information is used for cash
    controls such as petty cash, bank reconciliations, and payroll
9.  Create a balance sheet
10. Complete an income statement to determine the net income or loss
    for a stated period of time

Evaluation Plan
Students demonstrate their learning in the following ways:

Three tests assessing ability to read and interpret information about 
a business's financial position, and record those transactions in the 
appropriate accounting documents.

35%   Test 1: Chapters 1, 2, 4 and 5
35%   Test 2: Chapters 6, 9 and 10
10%   Tutorials
10%   Quizzes
10%   Assignments 

Submissions are expected to be completed within assigned 
deadlines/schedules and are due at the beginning of class. Late 
submissions will receive a 10% grade reduction for each school day it 
is late. Work more than one week late will not be graded unless a 
prior arrangement has been made with the professor.

If a student wishes to be given Academic Consideration (as defined by 
the Academic Appeals and Consideration Policy), the student must 
email the professor no later than the submission due date to indicate 
it will be late and that they are requesting Academic Consideration.
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 X Critical Thinking & Problem Solving   Interpersonal
X Numeracy X Information Management   Personal

Notes: N/A

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

Students may apply to receive credit by demonstrating achievement of the course learning outcomes through previous relevant work/life experience, service, self-study and training on the job. This course is eligible for challenge through the following method(s):

Challenge Exam Portfolio Interview Other Not Eligible for PLAR

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.
Effective term: Spring/Summer 2014
Professor: Multiple Professors
Key Accounting Principles Volume 1, 3rd Edition, Neville Joffe.
AME Learning.  ISBN: 978-1-926751-10-8, copyright 2011

The text includes an access card with PIN number for online course 
access on the publisher┐s website (see Page 1 of the 3rd Edition 
Text).  Online access can be purchased on the publisher┐s website for 
used textbooks.


Applicable student group(s): Office Administration, Year 1
Course Details:

WEEK	TOPIC	                                           REFERENCES

Week 1  Overview and introduction to accounting.           Chapter 1
        Importance, uses & the purpose of accounting;
        assets, liabilities & the concept of net worth.
Week 2  Role of the balance sheet & income statement;      Chapter 1
        the accounting equation & accounting periods,      (cont'd)
        debt, buying and selling assets.  Accrual
        accounting, matching principle, capital, 
        prepaid expenses, recording revenues and expenses.
Week 3	Linking Personal Finances to Business Finances	   Chapter 2
        Owner's equity vs. net worth, accounting in a
        proprietary  business, transactions for a service
        business, and entrepreneurship.
Week 4	Revenue and expense recognition, end of period     Chapter 4 

Week 5  Business Accounting Cycle - Transition to debits   Chapter 5
        and credits, bookkeeping, chart of accounts,
        general journal.

Week 6 	Business Accounting Cycle - general ledgers        Chapter 5  
        and trial balance                                  (cont'd)

Week 7	Test 1 - 35%                                    Chapters 1, 2,
                 5%   Tutorials                                  4, 5
                 5%   Quizzes 
		 5%   Assignments 

Week 8	Business Accounting Cycle-adjusted trial balance,   Chapter 6
        worksheet, financial statements
Week 9	Payroll - Recording Transactions for Revenues       Chapter 10
        & Receivables	
        Understanding payroll and payroll deductions
Week 10	Cash Controls - Petty Cash                           Chapter 9

Weeks 11 & 12 Cash Controls - Bank reconciliations           Chapter 9
Week 13  Review 
         5%   Tutorials  
         5%   Quizzes 
         5%   Assignments 

Week 14	 Test 2 - 35%                        	      Chapters 6,9,10

Sheridan Policies

All Sheridan policies can be viewed on the Sheridan policy website.

Academic Integrity: The principle of academic integrity requires that all work submitted for evaluation and course credit be the original, unassisted work of the student. Cheating or plagiarism including borrowing, copying, purchasing or collaborating on work, except for group projects arranged and approved by the professor, or otherwise submitting work that is not the student's own, violates this principle and will not be tolerated. Students who have any questions regarding whether or not specific circumstances involve a breach of academic integrity are advised to review the Academic Integrity Policy and procedure and/or discuss them with the professor.

Copyright: A majority of the course lectures and materials provided in class and posted in SLATE are protected by copyright. Use of these materials must comply with the Acceptable Use Policy, Use of Copyright Protected Work Policy and Student Code of Conduct. Students may use, copy and share these materials for learning and/or research purposes provided that the use complies with fair dealing or an exception in the Copyright Act. Permission from the rights holder would be necessary otherwise. Please note that it is prohibited to reproduce and/or post a work that is not your own on third-party commercial websites including but not limited to Course Hero or OneNote. It is also prohibited to reproduce and/or post a work that is not your own or your own work with the intent to assist others in cheating on third-party commercial websites including but not limited to Course Hero or OneNote.

Intellectual Property: Sheridan's Intellectual Property Policy generally applies such that students own their own work. Please be advised that students working with external research and/or industry collaborators may be asked to sign agreements that waive or modify their IP rights. Please refer to Sheridan's IP Policy and Procedure.

Respectful Behaviour: Sheridan is committed to provide a learning environment that supports academic achievement by respecting the dignity, self-esteem and fair treatment of every person engaged in the learning process. Behaviour which is inconsistent with this principle will not be tolerated. Details of Sheridan's policy on Harassment and Discrimination, Academic Integrity and other academic policies are available on the Sheridan policy website.

Accessible Learning: Accessible Learning coordinates academic accommodations for students with disabilities. For more information or to register, please see the Accessible Learning website (Statement added September 2016)

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. Any changes to course curriculum and/or assessment shall adhere to approved Sheridan protocol. 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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