UNIVERSITY OF GUELPH HUMBER Bachelor of Business Administration - Honours Program Diploma in Business Administration Winter 2020 Section(s): 01 BADM 3120: Intermediate Accounting I Instructional Support Instructor Name: Andrea Chance Phone Number: 416-798-1331 ext. 6221 Fax Number: 416-798-2905 Instructor Email: andrea.chance@guelphhumber.ca Office: GH 208 Office Hours: By appointment George Bragues Program Head: Email and Extension: Academic Advisor (Last Names A-K): Email and Extension: Academic Advisor (Last Names L-Z): Email and Extension: Guelph Humber Website: george.bragues@guelphhumber.ca; ext. 6049 Goldie Sharma goldie.sharma@guelphhumber.ca; ext. 6075 Hilton Lieu hilton.lieu@guelphhumber.ca; ext. 6116 www.guelphhumber.ca Course Details Pre-requisites: BADM 1060 - Accounting II BADM 2010 - Managerial Accounting Co-requisites: None Restrictions: Credits: 0.50 Method of Delivery: 3-2 (Lecture - Lab) None Course Website (If applicable): http://www.onlineguelphhumber.ca/ Calendar Description SH H ,2019 Page 1 of 7
This course provides a greater awareness of the accounting environment and conceptual framework for financial reporting that underlies generally accepted accounting principles, as well as an appreciation of the characteristics and limitations of accounting. Special emphasis is placed on accounting policy choices and the criteria by which such choices are made, as well as on analyzing financial statements that are prepared using different accounting policies. Students examine in-depth the effects of accounting concepts on income determination and on asset, liability and shareholders' equity valuation. Through problem solving and case analysis, students use technical knowledge to evaluate accounting policy choices, select appropriate policies, apply correct procedures, and perform financial analysis. Course Learning Outcomes On completion of this course the student will be able to: 1. Explain the complexities of the Canadian and international accounting environments and standard setting processes. 2. Describe the characteristics and limitations of financial accounting information. 3. Describe the conceptual framework of financial accounting and use it to analyze accounting problems. 4. Apply procedures for accounting problems affecting revenue and expense recognition. 5. Apply procedures for accounting problems affecting asset, liability and shareholders' equity accounts (cash, receivables, inventory, investments, capital assets, current liabilities, long-term liabilities, debt, share capital, contributed surplus and retained earnings). 6. Evaluate accounting policy choices and assess their impact on users of financial information. 7. Analyze selected balance sheet accounts in-depth and assess the impact of changes in them on the organization's earnings. 8. Prepare financial reports, with appropriate disclosures, in accordance with GAAP. 9. Add to a personal portfolio by documenting competencies developed throughout this course. 10. Develop a general understanding of the new accounting standards enshrined in IFRS 11. Compare IFRS with the current accounting standards Learning Resources Required Textbook(s): Title: Intermediate Accounting, Volume 1 Author: Kieso, Weygandt, Warfield, Young, Wiecek Edition: 11th Edition ISBN: 978-1-119-04853-4 Publisher: John Wiley Supplementary Text/Other: Last Revised December 20, 2019 Page 2 of 7
Course Schedule Lesson/ Week Topic Readings/Activities Chapter ("Ch.") 1: The Canadian Financial Reporting Environment Ch. 1& Ch. 2 1 Ch. 2 : Conceptual Framework Underlying Financial Reporting 2 Ch. 3: The Accounting Information Systems Complete Ch. 2 and 2A & Ch. 3 3 Ch. 4: Reporting Financial Performance Ch. 4 4 Test 1 - 15%