Financial Accounting In Canada
Sheridan College Logo
  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: Winter 2009
Prerequisites: N/A
Corequisites: N/A
Pre/Co/Equiv Notes: N/A

Program(s): Accounting in Canada
Program Coordinator(s): Sally Mitzel
Course Leader or Contact: Lorraine Cipparrone
Status: Approved (APPR)

Section I Notes: N/A

Section II: Course Details

Detailed Description
Students transition their previous international accounting education and experience into the Canadian environment. Students learn accepted Canadian accounting and financial practices in accordance with the ethical regulatory requirements of the Canadian environment. Through lectures, in-class problem solving, group projects and a final comprehensive test, utilizing statements of Canadian public companies, students format acceptable Canadian financial statements in accordance with Canadian generally accepted accounting practices.

Program Context

Accounting in Canada Program Coordinator: Sally Mitzel
This course is in the first semester of the Ontario Graduate Certificate in the Accounting in Canada for Internationally Trained Accountants program. This is the foundation course which supports the learning throughout this program.

Course Critical Performance and Learning Outcomes

 Critical Performance
By the end of this course, students will have demonstrated the 
ability to: create appropriately compiled financial statements using 
Canadian generally accepted accounting principles.

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

1.  Compare correctly compiled Canadian financial statements to 
    identify differences in accounting policies and practices. 
2.  Format a set of Canadian financial statements according to 
    generally accepted accounting principles.
3.  Identify elements of the CICA regulations as applied to a set of 
    publicly available financial statements.
4.  Communicate professionally and effectively in both oral and 
    written form.
5.  Critique Canadian financial statements and notations through an 
    evaluation of appropriate ethical choices and judgment.

Evaluation Plan
Students demonstrate their learning in the following ways:

Assignments (6 in total)             30%
Group Presentation                   35%
Final Exam                           35%
Total                               100%
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: Winter 2009
Professor: Tba
"Financial Accounting A User Perspective", 5th Canadian Edition, 
Robert Hoskin, Maureen Fizzell, Donald Cherry; John Wiley & Sons 
Canada, Ltd.

Applicable student group(s): Accounting in Canada for Internationally Trained Accountants
Course Details:
Unit	Topic	                      References     Evaluation 

Unit 1	Corporate Structures and      Chapters 1,    End of unit 
        the Canadian Accounting       and 2          assignment 5%
        Conceptual Framework.
        The basic Canadian 
        Financial Statements and 
        the annual report
Unit 2	Preparation of the Income     Chapter 3      End of unit 
        Statement and Balance Sheet                  assignment 5%
Unit 3	Revenue Recognition	      Chapter 4	     End of unit 
                                                     Group 5%
                                                     Presentation #1

Unit 4	The Statement of Changes      Chapter 5      End of unit 
        in Financial Position		             assignment 5%

Unit 5	Assets	                      Chapters 5,6,  End of Unit 
                                      and 7          assignment
                                                     Group 5%
                                                     Presentation #2 
                                                     and #3 35%

Unit 6	Liabilities and Equity	      Chapters 9,10, End of Unit 
                                      and 11         assignment
                                                     Group 5%
                                                     Presentation #4

Final Exam                                           35%

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.

[ Printable Version ]

Copyright © Sheridan College. All rights reserved.