vcc.ca

ACCT 1035: Financial Accounting 1 

Effective date

September 2021 

Department

Accounting Diploma 

School

Hospitality, Food Studies and Applied Business 
 




Description

Students are introduced to the system in which information is collected by the accounting process and presented by financial statements. Accounting cycle, statement preparation, special journals, internal control and the accounting for cash, inventory, payroll, merchandising and sales tax are examined. Basic financial reporting is reviewed. 

Credits

3.0 

Year of study

1st Year Post-secondary 

Prerequisites

None 

Corequisites

None 

Course Learning Outcomes

Upon successful completion of this course, students will be able to:

Prior Learning Assessment & Recognition (PLAR)

None 

Hours

Lecture, Online, Seminar, Tutorial: 45
Total Hours: 45
 

Instructional Strategies

Lectures, Demonstrations and lab Work 

Grading System

Letter Grade (A-F) 

Passing grade

 

Evaluation Plan

Type

Percentage

Assessment activity

Assignments 

Group assignment 

Project 

Group project 

Project 

Moodle activities 

Quizzes/Tests 

40 

 

Midterm Exam 

25 

Midterm may consist of more than one exam 

Final Exam 

20 

 

Course topics

Notes:

  • Course contents and descriptions, offerings and schedules are subject to change without notice.
  • Students are required to follow all College policies including ones that govern their educational experience at VCC. Policies are available on the VCC website at:
    https://www.vcc.ca/about/governance--policies/policies/.
  • To find out if there are existing transfer agreements for this course, visit the BC Transfer Guide at https://www.bctransferguide.ca.
Generated at: 5:35 am on Mar. 29, 2024