BTB110 - Accounting for the Business Environment

Outline information
Semester
Schools offering this subject
Last revision date 2018-07-31 09:28:30.069
Last review date 2018-07-31 09:28:38.061

Subject Title
Accounting for the Business Environment

Subject Description
This course introduces students to the principles of business accounting and financial management. Students learn the theory and calculations supporting profit and loss statements, interest payments and present value, and have the opportunity to apply concepts learned in a series of business-based assignments. Students will also study the application of the learned financial concepts in real-world ICT projects.

Credit Status
1 Credit for BSD Applied Degree Students

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

  • Explain the rationale for double-entry bookkeeping and its relationship to the main financial statements.
  • Record business transactions with the help of journal entries and posting to ledger accounts.
  • Prepare trial balances and financial statements (Income Statement, Balance Sheet and Statement of Owner’s Equity).
  • Evaluate the financial performance of a firm using financial ratios, trends and common size percentages.
  • Learn how to make basic business decisions using relevant cost - volume - profit analysis.
  • Assess the optimal alternatives of short-term financing and the impact of risk on these decisions.
  • Study the change in value of money across time (PV, FV, nominal and effective interest rates, Annuities, Perpetuities, Mortgages).
  • Determine the value of financial assets like bonds, common stock and preferred stock using TVM techniques and evaluate their use in the financing of the firm.
  • Study the methods of determining the cost of capital given different capital structures.
  • Evaluate the most optimal capital budgeting decision using TVM techniques.
  • Apply financial concepts from financial accounting, managerial accounting and financial management during feasibility analyses of ICT projects.

Cheating and Plagiarism
Each student should be aware of the College's policy regarding Cheating and Plagiarism. Seneca's Academic Policy will be strictly enforced.

To support academic honesty at Seneca College, all work submitted by students may be reviewed for authenticity and originality, utilizing software tools and third party services. Please visit the Academic Honesty site on http://library.senecacollege.ca for further information regarding cheating and plagiarism policies and procedures.

Discrimination/Harassment
All students and employees have the right to study and work in an environment that is free from discrimination and/or harassment. Language or activities that defeat this objective violate the College Policy on Discrimination/Harassment and shall not be tolerated. Information and assistance are available from the Student Conduct Office at student.conduct@senecacollege.ca.

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 Disabilities Services Office at ext. 22900 to initiate the process for documenting, assessing and implementing your individual accommodation needs.