myCMTN Apply

Accounting (ACCT)

ACCT 149 Accounting Essentials
3 Credits

This course provides an overview of basic financial and managerial accounting principles and techniques, including the managerial use of financial statements and other financial information for decision-making purposes. The focus is on those things a business owner really needs to know and include such items as government requirements for tax and payroll, financial statement interpretation and analysis, bookkeeping basics, accounting systems, and interacting effectively with your accountant.

Prerequisites
English Studies 10 or equivalent.

Transfer Credits
Explore transfer credit opportunities by visiting the BC Transfer Guide

ACCT 150 Financial Accounting I
3 Credits

This course introduces financial accounting concepts and principles and includes the recording and reporting of business transactions, completion of the accounting cycle as well as the preparation and interpretation of financial statements. The objectives of accounting are explored considering users of financial statements and an introduction to accounting standards - IFRS and ASPE. Topics include the accounting for cash, accounts receivable, inventory and payroll liabilities.

Prerequisites
English Studies 12, English First Peoples 12 or equivalent. Math 11 or equivalent or satisfactory performance on the CAT III assessment test.

Transfer Credits
Explore transfer credit opportunities by visiting the BC Transfer Guide

ACCT 151 Financial Accounting II
3 Credits

This course extends beyond the topics covered in Financial Accounting I requiring students to analyze financial statements to determine a company's financial health and interpret the information for management purposes. Accounting for different business structures is addressed. The statement of cash flows is prepared and analyzed. Further topics include long-term assets, current and long-term liabilities, and shareholders' equity.

Prerequisites
ACCT 150

Transfer Credits
Explore transfer credit opportunities by visiting the BC Transfer Guide

ACCT 250 Inter. Financial Accounting I
3 Credits

This course builds on introductory financial accounting concepts and principles with a focus on a more detailed study of assets and revenues. The conceptual framework underlying financial reporting is explored as a basis for reporting and analysis of financial statements. Topics include current assets, investments, capital assets, intangible assets and revenue recognition.

Prerequisites
ACCT 151 and MATH 150

Transfer Credits
Explore transfer credit opportunities by visiting the BC Transfer Guide

ACCT 251 Inter. Financial Accounting II
3 Credits

This course is the second part of intermediate financial accounting with a focus on a more detailed study of liabilities and shareholders' equity. The principles, policies and procedures of accounting are applied to the reporting and analysis of financial statements. Topics include current and non-current liabilities, complex financial instruments, shareholder's equity, earnings per share, leases, income taxes, pensions and the statement of cash flows.

Prerequisites
ACCT 250

Transfer Credits
Explore transfer credit opportunities by visiting the BC Transfer Guide

ACCT 252 Management Accounting I
3 Credits

This is an introductory course in cost and management accounting with a focus on the preparation and use of accounting information for managerial planning and control. The development and interpretation of cost information is explored within the context of strategic decision-making. Topics include cost accounting fundamentals, cost-volume-profit analysis, job costing, tools for planning and control, cost allocation and decision-making using cost information.

Prerequisites
ACCT 150

Transfer Credits
Explore transfer credit opportunities by visiting the BC Transfer Guide

ACCT 253 Management Accounting II
3 Credits

This course expands on introductory cost and management accounting topics within the context of strategic decision-making. The focus is on a more detailed study of costs, costing systems, processes, and analytical techniques used in the planning and control of business operations. Topics include cost behaviour, relevant costs, process costing, pricing decisions, performance measurement, customer profitability, transfer pricing and inventory cost management.

Prerequisites
ACCT 252

Transfer Credits
Explore transfer credit opportunities by visiting the BC Transfer Guide

ACCT 254 Auditing
3 Credits

This course examines the nature and function of auditing. Students will study auditing principles and internal control as well as the auditor's role in the decision-making process. The planning, accumulation, and interpretation of audit evidence, is a major component of the course. Topics covered include audit reporting, auditing standards, techniques and procedures.

Prerequisites
ACCT 151

Transfer Credits
Explore transfer credit opportunities by visiting the BC Transfer Guide