SROM 169 Accounting is an introductory course in accounting, from the basic accounting equation to preparation of the Income Statement, Statement of Changes in Owner's Equity, and Balance Sheet. This course covers merchandise operations, service business accounting, depreciation, adjusting entries, as well as specialized journals.
Accessibility Services Notice
Students who would like an academic accommodation and who have a documented disability should contact Accessibility Services, if they have not already done so.Course Details| Total number of weeks | 15 |
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| Total Credits | |
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| Total Hours | 45 |
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Typical hours per week breakdown| Lecture | 3 |
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Learning Outcomes
Upon successful completion of this course, the learner will be able to:
- Post common transactions to company records on various types of journals
- Demonstrate their ability to prepare financial statements in the form of a Balance Sheet, Statement of Changes in Owner’s Equity, Income Statement, and Cost of Goods Sold Statement
Teaching and Learning Approach
This is a student-centered approach which will blend together theory and practice. Experiential practice will be
had within the classroom, online, community, and industry setting where possible.Learning Resources
Required:
Pryznyk, Don & Van Roestel, Michael (2021). Hospitality Financial Accounting V2.0. Toronto, ON: AME Learning
Inc. Textbook ISBN: 978-1-989003-15-2 and Workbook ISBN: 978-1-989003-16-9, plus 1 Access Code
Basic hand-held calculator (Do not use a programmable calculator)Detailed Course Content, Topics, and Sequence Covered
1. Chapter 1 - Financial Accounting and Your Personal Life
2. Chapter 2 - Linking Personal Accounting to Business Accounting
3. Chapter 3 - The Accounting Environment
4. Chapter 4 - The Accounting Cycle: Journals and Ledgers
5. Review
6. Exam 1
7. Chapter 5 - The Accounting Cycle: Adjustments
8. Chapter 6 - The Accounting Cycle: Statements and Closing Entries
9. Review
10. Exam 2
11. Chapter 7 - Cash and Internal Controls
12. Chapter 8 - Inventory
13. Review and prepare for Final Exam
14. Final ExamAssessment
| Title | Learning Outcomes | Value |
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| Tutorials | LO 1 - 2 | 10% |
| Workbook Assignments | LO 1 - 2 | 15% |
| Post-Class Homework | LO 1 - 2 | 20% |
| Quizzes | LO 1 - 2 | 10% |
| Exams | LO 1 - 2 | 45% |
| Total | 100% |
Grading Table
Standard Academic and Career Programs Grading Table
| Percentage | Letter Grade | GPA |
| 90-100 | A+ | 4.33 |
| 85-89 | A | 4.00 |
| 80-84 | A- | 3.67 |
| 76-79 | B+ | 3.33 |
| 72-75 | B | 3.00 |
| 68-71 | B- | 2.67 |
| 64-67 | C+ | 2.33 |
| 60-63 | C | 2.00 |
| 55-59 | C- | 1.67 |
| 50-54 | P | 1.00 |
| 0-49 | F | 0.00 |
| | DNW | 0.00 |
See the Academic Calendar for General Information including how to withdraw from course(s) and other regulations.
Disclaimer
Information contained in this course outline is correct at the time of publication. Content of the course is revised on an ongoing basis to ensure relevance to changing educational, employment and market needs. The instructor will endeavor to provide notice of changes to students as soon as possible. The instructor reserves the right to add or delete material from courses.