Financial Accounting establishes a foundation in accounting concepts and principles upon which the appropriate recognition, measurement, and presentation of a wide variety of routine, and non-routine transactions, are evaluated. Students are provided with the knowledge to prepare financial statements for proprietorships, partnerships, and corporations, in accordance with the appropriate standard (IFRS or ASPE), and interpret the results. Once a thorough understanding of these topics has been established, the treatment of more complex topics will be explored in depth. This course qualifies as a prerequisite for entrance into the Chartered Professional Accountants (CPA) Professional Education Program (PEP).

This course enables students to effectively identify and utilize the complex systems and applications used in the accounting sector. Students will gain hands-on knowledge that will enable them to analyze and implement accounting systems within the framework of modern business environments, including privacy, security, and control systems needed to ensure client confidentiality and strategic advantage through the use of IT. This course qualifies as a prerequisite for entrance into the Chartered Professional Accountant (CPA) Professional Education Program (PEP).

This course provides the student with a theoretical and applied comprehension to fundamental principles of microeconomics and macroeconomics. It encompasses the basis of the economic way of thinking, the operation of markets, the role of government, and a firms’ profit maximizing decisions as it operates in an environment with varying levels of competition and costs. It includes the examination of economic statistics, the forces that determine national income and international trade flows, and the role of monetary and fiscal policies. This course qualifies as a prerequisite for entrance into the Chartered Professional Accountant (CPA) Professional Education Program (PEP).

With an applied emphasis, this course provides an intensive exploration of the principle and applicable standards, reporting requirements and disclosure requirements, including notes to the financial statements, of the main body of financial reporting literature in Canada as it pertains to both International Financial Reporting Requirements (IFRS) and Accounting Standards for Private Enterprises (ASPE). Students will become conversant with the underlying bases (historical cost, fair value) and end user financial information needs upon which the two sets of Canadian financial reporting standards are based. Students will acquire the technical proficiency expected of professional accountants and develop ability to articulate diverse economic events within the financial reporting framework. This course qualifies as a prerequisite for entrance into the Chartered Professional Accountants (CPA) Professional Education Program (PEP). Prerequisite: ACCG 5110 Financial Accounting or FMGT 1100/1105 Introductory Accounting I (with a final grade of 60% or greater) and FMGT 2100/2105 Introductory Accounting 2 (with a final grade of 60% or greater).

The first of two managerial accounting courses taken after a foundation in fundamental financial accounting principles and concepts, this course emphasizes the role of the management accountant, cost concepts & terminology, cost-volume-profit analysis, job costing, activity-based accounting, budgeting and control, standard costs, variance analysis and income effects of alternative inventory costing methods, cost allocation, joint and by-product costs, and process costing. This course qualifies as a prerequisite for entrance into the Chartered Professional Accountant (CPA) Professional Education Program (PEP) when completed in conjunction with FMGT 7210 Advanced Management Accounting. Prerequisite: ACCG 5110 Financial Accounting or FMGT 1100/1105 Introductory Accounting I (with a final grade of 60% or greater) and FMGT 2100/2105 Introductory Accounting 2 (with a final grade of 60% or greater).

The course introduces students to the concepts and principles in the Canadian Auditing Standards (CAS) and prepares students for work in the profession. Topics include the nature of assurance services, the regulatory framework for auditors, the audit planning and risk assessment process, the execution of the audit procedures and the audit reporting process. This is a course in audit and assurance which fulfills the entrance requirements for the Chartered Professional Accountant designation. Prerequisites: ACCG 5110 Financial Accounting or FMGT 1100/1105 Introductory Accounting I (with a final grade of 60% or greater) and FMGT 2100/2105 Introductory Accounting 2 (with a final grade of 60% or greater).

The purpose of this course is to prepare students to give reliable advice to individual and corporate clients on tax compliance and tax planning issues. To be able to do this, the student must learn the basic tax rules that govern personal and business transactions, and how to do research in the Income Tax Act and other authoritative sources in order to verify the accuracy of their advice. The topics covered will expose the student to these basic rules, as they apply to individuals, corporations, and trusts, and will train the student to find and interpret these rules in the Income Tax Act and other authoritative sources. The coverage of topics will be aimed to achieve competence at a level that will enable students to demonstrate knowledge, analyze problems, and draw logical conclusions in routine situations that have low to moderate complexity. This course qualifies as a prerequisite for entrance into the Chartered Professional Accountants (CPA) Professional Education Program (PEP). Prerequisites: ACCG 5110 Financial Accounting or FMGT 1100/1105 Introductory Accounting 1 (with final grade of 60% or greater) and FMGT 2100/2105 Introductory Accounting 2 (with a final grade of 60% or greater).

The purpose of this course is to provide the student with a thorough understanding of the role corporate finance plays in business. Corporate finance primarily deals with how companies manage their money on a daily basis, how companies make long term investment decisions and how companies decide to finance their operations. All decisions are made consistent with managing risk and maximizing their owners’ wealth. This course qualifies as a prerequisite for entrance into the Chartered Professional Accountants (CPA) Professional Education Program (PEP). Prerequisites: ACCG 5110 Financial Accounting or FMGT 1100/1105 Introductory Accounting 1 (with a final grade of 60% or greater0 and FMGT 2100/2105 Introductory Accounting 2 (with a final grade of 60% or greater).

Presents a practical study of Canadian business law, including the legal and administrative systems, torts, contracts, sale of goods and consumer protection, secured transactions, employment, agency and business organizations. Participation in this course, taught by lawyers, prepares you to recognize and feel comfortable with the legal aspects of doing business.

Building on technical skills and knowledge covered in earlier accounting courses, this course focuses on complex accounting topics. Its primary focus is on accounting for long-term, inter-corporate equity investments under International Financial Reporting Standards and Accounting Standards for Private Enterprises. Other topics covered include accounting for foreign currency transactions, translation and consolidation of foreign currency financial statements, and accounting standards pertaining to not-for-profit and public sector organizations. This course qualifies as a prerequisite for entrance into the Chartered Professional Accountant (CPA) Professional Education Program (PEP). Prerequisites: Completion of ACCG 6110 with a final grade of 65% or completion of FMGT 3110 and FMGT 4110 with a minimum average grade of 65%.

In this course students will use management accounting information for strategic and operational decision-making. Course topics include management control systems, the performance of individual managers, and strategies for avoiding sub-optimal managerial decisions. This course qualifies as a prerequisite for entrance into the Chartered Professional Accountant (CPA) Professional Education Program (PEP) when completed in conjunction with ACCG 6210 Management Accounting - Comprehensive. Prerequisites: Completion of ACCG 6210 with a final grade of 65% or completion FMGT 3210 and FMGT 4210 with a minimum average grade of 65%.

The overall objective of this course is to enhance your skills by supplementing your knowledge of accounting with a thorough understanding of the strategic management process and the integration of concepts learned in other disciplines. This course qualifies as a prerequisite for entrance into the Chartered Professional Accountant (CPA) Professional Education Program (PEP). Prerequisites: Completion of ACCG 6110 or FMGT 4110 with a final grade of 65%.