This is an ARCHIVED version of the Kwantlen University College Calendar for
2004-2005 and is provided for historical reference only. See the current version of the
Calendar for updated information.
The on-line version of the University College Calendar is the Official version.
In the event of conflict between the printed version and the online version, the
on-line version will prevail.
Effective date of this course calendar information, unless otherwise indicated, is Sept. 1, 2004 to Aug. 31, 2005.
Accounting
For Graduation Purposes only:
credit will NOT be granted for ACCT 1110 if credit has been previously granted for ACCT 1210 or ACCT 2293
credit will NOT be granted for ACCT 1160
credit will NOT be granted for ACCT 1210 if credit has been previously granted for ACCT 2293
credit will NOT be granted for ACCT 2293 if credit has been previously granted for ACCT 1210
credit will NOT be granted for ACCT 3520 if credit has been previously granted for ACCT 3320 and/or 3420
credit will NOT be granted for ACCT 3510 if credit has been previously granted for ACCT 3310 and/or 3410
ACCT 1110 cr-3
Principles of Accounting I
Students will learn the theory and practice of recording and
reporting financial events for service and merchandising
businesses, with consideration of accounting for property owned
by businesses.
Students will learn methods and procedures of business
mathematics, including the mathematics of merchandising,
interests, annuities and investment decisions.
ACCT 1160 cr-3
Accounting for Managers
This course will introduce the basic concepts of financial and
managerial accounting. The student will be provided with planning,
budgeting, and decision-making techniques from a financial
prospective. (The course is intended for students who do not plan
to pursue a career in Accounting.)
ACCT 1210 cr-3
Principles of Accounting II
Students will learn the examination of the balance sheet
commenced in Accounting 1110, with an emphasis on liabilities
and capital structure. They will complete the examination of the
key financial statements required for external reporting.
Students will learn several statistical concepts, methods and
procedures used in business, including frequency distributions,
probability theory, sampling, estimation, hypothesis testing, linear
regression and decision theory. Microcomputer application will
form part of this course. Students will be expected to know, or to
acquire on their own, basic Excel skills.
Students will learn generally accepted accounting principles, the
accounting cycle, capital and income measurement, financial
statement preparation and analysis with emphasis on reporting to
shareholders, creditors and other external decision-makers.
Students will analyze the fraud problem and its social and
economic impacts. They will examine various issues fundamental
to the understanding, prevention, detection, and deterrence of
fraud from a management perspective.
Note: Students may be entitled to use this course towards
Association of Certified Fraud Examiners requirements.
Students will examine accounting theory and current Canadian
practice in the measurement, recording and reporting of financial
information, with emphasis on the accounting for assets.
Students will study a variety of management accounting topics
including use of internal accounting information for decision
making, cost terms and concepts, alternative costing systems, cost/
volume/profit relationships, budgeting and profit planning,
relevant costing, standard costing, variable costing, variance
analysis, segment reporting and transfer pricing.
Students will learn to calculate taxable income and taxes payable
for both individuals and corporations. They will also review
selected specialized topics in taxation such as Goods and Services
Tax (GST), trusts and estates.
Students will obtain an understanding of the role and function of
financial management, valuation of investments, capital budgeting,
cost of capital, capital structure, dividend policy, long-term sources
of funds, short and intermediate term financing, working capital
management, mergers and consolidations, financial analysis,
planning and control.
Students will examine accounting theory and current Canadian
practice in the measurement, recording and reporting of financial
information with emphasis on the accounting for liabilities and
owners' equity.
Students will study a variety of management accounting topics
including flexible budgets, standard costs, variance analysis and
investigation decisions, cost behavior, cost allocation. Topics also
covered are: linear programming, joint products and by-products,
special issues of process costing, alternative inventory models,
pricing theory and strategies, and decentralization and transfer
pricing. In addition, the course will cover the quality, operations
costing, backflush costing, statistical analysis and linear models as
well as selected current issues.
Students will study auditing principles and internal control Topics
covered include audit reporting, auditing standards, techniques and
procedures. They will compare and contrast the independent and
internal audit functions.
Students will study a variety of management accounting topics
including flexible budgets, standard costs, variance analysis and
investigation decisions, cost behavior, cost allocation. Topics also
covered are: linear programming, joint products and by-products,
special issues of process costing, alternative inventory models,
pricing theory and strategies, and decentralization and transfer
pricing. In addition, the course will cover the quality, operations
costing, backflush costing, statistical analysis and linear models as
well as selected current issues.
Students will study accounting and management for not-for-profit
organizations. They will learn about stewardship and accountability
of resources, fund accounting, financial reporting, management
accounting, evaluating volunteer resources, fundraising,
performance measurement of the organization's goals and
objectives and the Societies Act.
Students will learn to prepare a set of financial statements,
including proper note disclosure acceptable for publication
according to generally accepted accounting principles. They will
analyze and evaluate financial statements in the form of published
annual reports, with special emphasis on different industry-specific
presentation and disclosure styles. Students will study differences
in international accounting standards.
Students will study specific topics in international financial
management. They will learn now to manage foreign currency
exposure and capital budgeting in a multinational environment.
Students will complete an overview of the theories of forensic
accounting and the tools used in forensic investigation. They will
learn how to analyze, interpret, summarize and present financial-
related issues in a way that is both understandable and properly
supported, with a focus on the private sector.
Students will learn advanced accounting and will study the practical
and theoretical problems of the present value model, foreign
exchange accounting, standard setting and agency theory. They will
examine the contributions of economics, finance and other
disciplines to accounting theory, and will evaluate current issues
and problems in the field.
Corequisites: ACCT 3410 for those who have not previously completed 3510
ACCT 4335 cr-3
Taxation 2
Students will learn to calculate taxable income and taxes payable,
Goods and Services Tax (GST), as well as tax planning techniques
for both individuals and corporations, using a well-known
computerized application. They will also review selected
specialized topics in taxation such as trusts, estates, corporate
reorganizations and multi-corporation structures to identify
situations that could result in tax savings.
Students will build a complete Proforma Financial Planning and
Valuation Model using spreadsheet technology. They will prepare a
complete set of Financial Statements using an Accounting
Software Package and Simulation Case. Students will use case
studies and will be used to introduce data warehousing and data
mining and its use in Financial Management.
Students will learn how to prepare an audit file and financial
statements using a computerized application. They will study
current and advanced issues affecting the auditing profession,
including the public's expectation of audits and various types of
engagement.
Students will study the current issues in financial reporting,
intercorporate investments and business combinations, foreign
operations, not-for-profit organizations, interim reports,
segmented information, partnerships and joint ventures.
Students will study accounting and management for not-for-profit
organizations. They will learn about stewardship and accountability
of resources, fund accounting, financial reporting, management
accounting, evaluating volunteer resources, fundraising,
performance measurement of the organization's goals and
objectives and the Societies Act.
Students will utilize advanced managerial accounting theories to
make decisions in simulated and actual business situations. They
will explore various strategies in developing the design and
measurement of cost management systems through case analysis
and/or projects.
Student will learn current financial management theories along
with the technical skills necessary to maximize the economic value
of the firm for its shareholders. They will learn how to identify,
define, and resolve the issues, problems and challenges faced by
financial managers in today's complex financial environment.
