2001Outline - BUSI 2001 Intermediate Accounting I Fall 2011 Instructor Office Telephone E-mail Office Hrs Jacques Maurice CA FCMA DT 923 520-2393

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1 BUSI 2001 - Intermediate Accounting I Fall 2011 Instructor Jacques Maurice, CA, FCMA Office DT 923 Telephone 520-2393 E-mail [email protected] Office Hrs Mon 11:30 – 13:00 Tue 14:30 – 15:30 Prerequisites BUSI 1001 and 1002 or 1004 and 1005 (with a grade of C or better in each). This course is a prerequisite to: BUSI 2002 ( with a grade of C or higher ) BUSI 3005 (with a grade of C- or higher) The School of Business enforces all prerequisites . Course Description This is the first of two Intermediate Accounting courses, which cover the traditional financial accounting topics as well as recent developments within the accounting profession. This first course’s focus is mainly on the conceptual framework and the objectives of financial reporting, a comprehensive review of the accounting cycle including all financial statements, revenue recognition, and the asset side of the balance sheet. Course Objectives The two main objectives of this course are: To develop an understanding of the objectives of accounting and the concepts, principles, policies and procedures underlying current professional practice in the preparation of financial reports To promote a full understanding of the nature of financial statements and the inherent limitations in their preparation and use. This course will be based on International Financial Reporting Standards (IFRS) and Accounting Standards for Private Enterprises (ASPE).
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2 Required Course Materials Textbook: Beechy et al, Intermediate Accounting , Volume 1, 5th Canadian Edition McGraw-Hill Ryerson, Toronto 2011 Available from Haven Books Response Card: Turning Point Response Card RF Available from Allegra Print and Imaging (corner of Bank and Sunnyside), Haven Books, of the University Bookstore. On-Line Databases International Financial Reporting Standards Accounting Standards for Private Enterprises Available in the Library on-line Database Examinations and Grading Participation 15% Test 1 – 1.5 hours 20% Test 2 – 1.5 hours 20% Final Exam – 3 hours 45% 100% NOTE: You must achieve a minimum grade of 45% on the final to pass the course. The participation grade will be calculated based on your answers to random multiple choice questions during class. In each class (starting the week of Sep 29), there will be about 2-3 multiple choice questions which you will answer using your Response Card. The best 90% of total possible responses will count towards your final grade, i.e. if there are a total of 60 multiple choice questions used during the term your answers to the best 54 of these questions will count towards your final grade. There will be two tests held on the following dates: Test 1 Sunday October 16 from 14:00 – 15:30 Test 2 Friday November 18 from 18:00 – 19:30 (note that this is contingent upon Scheduling services providing us with suitable rooms to hold the test; the alternative date is Sunday November 20 from 14:00 – 15:30) The only valid excuse for missing the tests is for medical reasons or death in the family and
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This note was uploaded on 01/26/2012 for the course BUSI 2001 taught by Professor J.maurice during the Spring '11 term at Carleton CA.

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2001Outline - BUSI 2001 Intermediate Accounting I Fall 2011 Instructor Office Telephone E-mail Office Hrs Jacques Maurice CA FCMA DT 923 520-2393

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