BAB140 - Introduction to Financial Accounting

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Last revision date May 25, 2020 12:07:47 AM
Last review date Jul 6, 2020 3:32:45 PM

Subject Title
Introduction to Financial Accounting

Subject Description
This course prepares the learner to apply basic accounting principles in the preparation of financial statements for external reporting. Students will become skilled in the bookkeeping process which leads to the preparation of the financial statements. Through the use of case studies, group discussions and seminars, learners increase their ability to analyze, interpret, and communicate financial information. Emphasis will be placed on ethical issues related to the accounting process. Topics include the accounting model, transaction analysis and accounting information processing as well as liquid assets, inventories, capital assets, liabilities and shareholders' equity.

Credit Status
One Credit

Learning Outcomes
Upon successful completion of this subject the student will be able to:

1. Analyze the role of accounting as the basis for business decision making.
2. Apply appropriate principles and procedures of accounting to develop financial statements for all forms of business enterprise.
3. Explain the purpose and affect of ledger accounts in the accounting cycle.
4. Create appropriate financial statements using information provided.
5. Use accounting information as a basis for decision making based on analysis and interpretation of data from financial statements.
6. Explain the broad principles of internal control necessary to safeguard a company's assets.
7. Apply effective participation in a team learning situation.

Academic Integrity
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Please visit the Academic Integrity website to understand and learn more about how to prepare and submit work so that it supports academic integrity, and to avoid academic misconduct.

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Accommodation for Students with Disabilities
The College will provide reasonable accommodation to students with disabilities in order to promote academic success. If you require accommodation, contact the Counselling and Accessibility Services Office at ext. 22900 to initiate the process for documenting, assessing and implementing your individual accommodation needs.