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Course Description

Work station with laptop, calculator, graphs, and pens

This introductory course is designed to develop a foundational understanding of current accounting principles and their implication for published financial reports of business enterprises. It builds the base of knowledge and understanding required to succeed in more advanced study of accounting. The course approaches the subject from the point of view of the user of accounting information rather than that of a person who supplies the information.

Note: This course can be taken individually or as a part of a certificate program.

Learning Outcomes

By the end of the course, the learner should be able to:

  1. Perform all functions of the accounting cycle for a simple business, including:
    • Identify and measure transactions and other events
    • Prepare transactional, adjusting and closing journal entries 
    • Present the financial position, income, changes in equity and changes in cash flow
  2. Identify and explain the components of each of the financial statements.
  3. Apply financial statement analysis using common financial ratios to analyze and effectively communicate the condition of an organization’s liquidity, solvency and profitability; and
  4. Be aware of ethical issues and professional responsibilities in an accounting specific context.

Course Topics

  • Financial Statements: The Purpose and Use
  • Financial Statements: Framework Presentation & Usage
  • The Accounting Information System: The Accounting Cycle
  • Accrual Accounting Concepts: Non-cash Transactions of the Accounting cycle
  • Merchandising Operations
  • Inventory: Reporting and Analyzing
  • Internal Control and Cash: Controlling, Reporting, Managing
  • Receivables: Reporting and Analyzing
  • Long Term Assets: Reporting and Analyzing
  • Financial Statements: Cash Flows

Additional Requirements

Restriction(s): ACCT*2220


Assessment Item Weight Learning Outcomes
Quizzes (10 x 1%) 10% 1, 2, 3
Assignments (2 x 2.5%) 5% 1, 2, 4
Midterm 1 15% 1, 2, 4
Midterm 2 15% 1, 2, 3, 4
Online Final Exam 55% 1, 2, 3, 4
Total 100% 1, 2, 3, 4

Note: To receive credit for the course, the learner must achieve a grade of at least 50% on the Final Exam and an overall composite grade of 50% for the entire course. 


Additional Technical Requirements

This course will use the following:

  • Respondus tool to invigilate one or more exams
  • Zoom as a video communication tool.  A Webcam, a microphone to record video, and headphones/speakers to play back the recording are also needed. 


Please view the Technical Considerations for each.

Applies Towards the Following Certificates

Technical Requirements

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*Course details are subject to change.


Thank you for your interest in this course. Unfortunately, the course you have selected is currently not open for enrolment. Please complete a Course Inquiry so that we may promptly notify you when enrolment opens.

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