OADM 1401: Introduction to Accounting
Department
Executive Assistant
School
Hospitality, Food Studies and Applied Business
Description
This course teaches how to understand and apply fundamental accounting principles to prepare, summarize and interpret financial data. Topics include the accounting cycle, theory and classification of accounts, accounting procedures, managerial accounting, budget requirements, credit and banking, government services and taxes, investment and stock options, and analysis and interpretation of financial statements.
This course is part of the Executive Assistant (Part-time) program.
Course Learning Outcomes
Upon successful completion of this course, students will be able to:
- Accounting provides the information on which all business decisions should be made; the financial statements. This course examines the preparation, interpretation and analysis of the financial statements.
Prior Learning Assessment & Recognition (PLAR)
None
Hours
Lecture, Online, Seminar, Tutorial: 35
Clinical, Lab, Rehearsal, Shop, Kitchen, Simulation, Studio: 10
Total Hours: 45
Grading System
Letter Grade (A-F)
Evaluation Plan
Type
|
Percentage
|
Assessment activity
|
Other
|
20
|
Weekly Homework
|
Assignments
|
20
|
Term Assignment
|
Participation
|
10
|
Participation
|
Quizzes/Tests
|
10
|
Tests: Chapters 1-3
|
Quizzes/Tests
|
10
|
Tests: Chapters 4-6
|
Quizzes/Tests
|
10
|
Tests: Chapters 7-8
|
Quizzes/Tests
|
10
|
Tests: Chapters 9-10
|
Quizzes/Tests
|
10
|
Tests: Chapters 11 & 13
|
Course topics
- • Intro to the role of accounting
- • Double-entry accounting
- • Cash, short-term investments and receivables
- • Inventory
- • Long-term assets, property, plant & equipment, intangibles
- • Liabilities
- • Shareholders’ equity
- • Corporate income statement and financial statement analysis
- • Statement of Cash Flows
- • Managerial Accounting Concepts
- • Budgeting
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.