Index to Course Outline/Syllabus                                                Page #

Course Description and Objectives                                                                                                                           2

Instructional Approach                                                                                                                                                   3

Required and Recommended Texts and/or Materials                                                                                      4

• Required text
• Other important required resources
• Required calculator for examinations

Evaluation                                                                                                                                                                           5

• Summary
• Assignments, quizzes, class exercises
• Mid-term examination
• Final examination

Academic Policies                                                                                                                                                             7

• Academic integrity policy and student responsibility
• Late assignments, missed tests, mid-term examination, or other due dates
• ACCT 3352 examination policies

ACCT 3352 Topics and Competencies                                                                                                                      10

Due Dates, Times, and Methods of Submission                                                                                                 13

ACCT 3352 WileyPLUS Access through Brightspace                                                                                          14

Student Information Sheet                                                                                                                                         16

Course Description and Objectives

Summary

Students address the basic GAAP recognition, measurement and reporting requirements for specific accounting issues such as derivatives, earnings per share, leases, income taxes, pensions, interim reporting, subsequent events, related party transactions and the MD&A. (These are interesting topics!)

Program Goals of the B. Comm. Program:

Outcomes from this course will provide a direct link to, and enrichment of, the Program Goals of the

Bachelor of Commerce degree:

Critical thinking – Graduates critically assess situations and use appropriate problem-solving skills.

Students will:

• Formulate and justify positions on issues or situations using adequate and appropriate evidence
• Recognize and demonstrate competence in analytical reasoning

Information literacy – Graduates locate and use qualitative and quantitative information effectively using appropriate technology.

Students will:

• Determine, retrieve, evaluate and manage relevant information
• Recognize and acknowledge copyright laws and intellectual property restrictions

Communication – Graduates use professional communication skills to facilitate business relationships.

Students will:

• Prepare appropriate and effective written communications
• Prepare and deliver effective oral presentations

Ethics, corporate social responsibility, and leadership – Graduates exercise socially responsible leadership skills.

Students will:

• Recognize the ethical dimensions of situations
• Consider a broad spectrum of stakeholders in the development of organizations’ social responsibilities
• Recognize a variety of leadership styles and when each is appropriate
• Work effectively as part of a team

Global perspective – Graduates recognize the diversity and global opportunities their local, national, and world environments present.

Students will:

• Recognize the effects of different economic, political, cultural, social and technological environments and integrate them into their decision-making

Business knowledge and competency – Graduates use their business knowledge and professional skills successfully.

Students will:

• Demonstrate a fundamental understanding of each of the functional areas of business, and how to effectively integrate and apply this knowledge
• Assess the opportunities and risks faced by organizations of different size, ownership and governance structures

Course Objectives

After completing this course, if you have attended class regularly, prepared the assigned material and completed exercises in advance of class, and applied the information presented in the course to the assignments and exercises, you will be able to:

• Understand and apply International Financial Reporting Standards (IFRS) applicable to publicly accountable enterprises and Accounting Standards for Private Enterprises (ASPE) to a wide range of common business transactions, events and situations;
• Prepare and understand financial statements and reports; and
• Analyze and interpret financial statements prepared by Canadian companies applying the accounting standards covered in the course.

Instructional Approach

This course assumes that you will be bringing in the foundation of knowledge and skills that were the subject of your previous financial accounting courses as a base on which to build the material and skills that are the subject of this course. Please be prepared to review the previous material where necessary.

Your ability to meet the ACCT3352 course objectives is developed through a variety of assignments and activities, and requires considerable effort with significant review time needed before and after class. The pace of introducing new material is fast. You will study and be asked to apply basic concepts to increasingly complex accounting situations. Through seriously attempting this, you will further develop your understanding of how financial accounting “works”. This means that you will be better able to understand how the various elements and activities of an organization are, or are not, captured and portrayed in financial statements. This understanding is necessary for the continuing study of financial accounting in future professional studies or in any accounting-related workplace situation.

Please note #1: You will be evaluated on your understanding of the material, and your ability to explain and apply the concepts of financial accounting.  Memorizing will not generate good results in this course. You will be examined on material that may not look like the end-of-chapter problem material, although the concepts being tested are exactly the same. Time spent on gaining an understanding of the material has significant payback!

Please note #2: Class lectures and activities are prepared under the assumption that you have completed the assigned material prior to each class and are keeping up with class material.

While the following requirements may or may not have been required in your previous courses, In order to be successful in this course, it is really important that you:

• Come to class prepared, having completed the assigned readings and exercises.
• Participate in class. There is no such thing as a stupid answer/question, and often some of the best lessons result from a student answering one of my questions to the class incorrectly. If you don’t understand what is happening in class, please let me know. And participate! Student participation makes class more interesting.
• Complete assignments and exercises Review posted solutions and marker comments on a continuing basis – these are developed to provide important feedback so you can improve as the term progresses.  The sooner you know where you are having issues, the quicker you can seek help.
• If you have questions and problems outside of class, please come see me during my office hours, or send me an email to schedule an appointment.
• Respect the learning environment. For example: be on time, only one conversation at a time in the classroom (excluding group work), refrain from using your electronics for non-class related activities, electronics on silent,

Winter – 2017

Topical Coverage and Tentative Class Schedule