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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 is concerned with basic methodology and logic of: recording transactions and maintaining books of account for service and merchandising concerns; preparation and interpretation of financial statements; recording, reconciling and valuing cash, accounts receivable, inventory and plant and equipment.

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

Concerned with interpretation of income measurement and valuation problems with regard to sources and uses of invested capital. Topics include preparation of financial statements for the various types of business operations, introduction to financial reporting analysis and interpretation for management purposes. (3,0,0)

Prerequisites
ACCT 150

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

ACCT 250 Inter. Financial Accounting 1
3 Credits

Emphasis is on theory and concepts of problems that arise in the application of financial accounting. The majority of the course will analyze current monetary assets, inventories, capital assets, revenue recognition, and financial statement preparation.(3,0,0)

Prerequisites
ACCT 151 and MATH 150

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

ACCT 251 Inter. Financial Accounting 2
3 Credits

An analysis of valuation and cost allocation issues with regard to plant and equipment acquisition and retirement, intangible assets, current liabilities and contingencies and long term liabilities. Issues relating to the shareholder's equity section are explored, including types of shares, dividends, stock rights, warrants. Consideration is also given to the legal and financial aspects of partnerships and corporations. An in-depth study of the Statement of Cash Flows is also undertaken.(3,0,0)

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 management accounting and decision-making for managerial planning and control purposes and the development of cost information for financial reports. The course provides an in-depth study of the following topics: cost accounting fundamentals, cost-volume-profits analysis, job costing, tools for planning and control, and cost and revenues allocation.

Prerequisites
ACCT 150 and MATH 150

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

ACCT 253 Management Accounting II
3 Credits

This intermediate course in management accounting investigates a number of significant topics that will assist managers in making of operating decisions and evaluation and performance of operations: Topics covered include; using cost information for decisions, cost management, inventory management, just-in-time, and backflush costing, capital budgeting and management control systems.

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