Financial Accounting

Course code MGMT 1007

Credit 3.0

Length 45.0 hours

Course outline View

This course introduces students to the basic terminology, concepts and principles of accounting according to the International Financial Reporting Standards (IFRS). Students work though the full accounting cycle and prepare, analyze, and interpret financial statements.

Prerequisites

Course type

This course is offered as part of a VCC program and cannot be taken individually.
International students: Eligibility is determined at the program level. Visit the program page for international student requirements and application information.

  • 1. Basic concepts of accounting
  • 2. Analyzing transactions, accounting equation
  • 3. Preparation of financial statements
  • 4. Preparation of general journals, T-Accounts, account ledgers, trial balance
  • 5. Adjustments, preparation of an adjusted trial balance
  • 6. Fixed assets, receivables, payables
  • 7. Horizontal and vertical analysis, ratio analysis
  • 8. Accounting for merchandising operations in business
  • 9. Cash management and cash flow statement
  • 10. Accounting for equity

Course schedules

Select your program to see the available course schedules.

How to take this course

This course is offered as part of a VCC program only.

Contact us

If you have any questions, please email at [email protected].

† This information is intended as a guideline only. Program and course details are subject to change with the approval of VCC's Board of Governors.

Indigenous Territory Acknowledgment

VCC is located on the traditional territories of the xʷməθkʷəy̓əm (Musqueam), Sḵwx̱wú7mesh (Squamish), and səlilwətaɬ (Tsleil-Waututh) peoples who have been stewards of these lands since time immemorial.