School of University Studies and Career Access

Business
Business Diploma/Accounting and Finance Diploma/University Transfer

COM 204 CI001

Financial Accounting

Approved by Education Council: 2017 Credits: 3

Term: Spring 2019 Total Course Hours: 75
Prerequisite: None Lecture Hours: 45
Lab Hours: 30
Co-requisite: None

Instructor: Wendy Nahrgang, BBA, CGA, CPA Office Hours: TBA

Lecture: Tuesdays/Thursdays 5:00 – 6:30 pm Office: 2-217
Room 2-121

Lab: Tuesdays 2:00 – 3:55 pm Room 2-112 Phone: Ext 5406

e-mail: nahrgangw1@cnc.bc.ca
CALENDAR DESCRIPTION:
Introduction to accounting procedures, principles and financial statement preparation, and the
analysis of accounting information for business decision-making. Emphasis is on accounting
policies and generally accepted accounting principles.

COURSE GOAL and LEARNING OBJECTIVES:

Upon successful completion of this course students should have an introductory understanding
of the process of financial accounting, and should understand the accounting cycle.
ACADEMIC HONESTY AND STUDENT CONDUCT: (standard paragraph – must be included in all
course outlines)

Students are expected to conduct themselves with academic integrity and in accordance with
CNC’s established standards of conduct. Penalties for misconduct, including plagiarism,
cheating and personal misconduct are outlined in the Standards of Conduct: Student
Responsibility and Accountability document found in the policies section of CNC’s website. All
students should familiarize themselves with this document.
http://cnc.bc.ca/Visiting/CNC_Policies.htm

ACCESSIBILITY SERVICES (standard paragraph – must be included in all course outlines)

Students who require academic accommodations as a result of a disability should advise both
the instructor and Accessibility Services. Students requiring support should familiarize
themselves with the College Access: Students with Disabilities policy.
http://cnc.bc.ca/Visiting/CNC_Policies.htm

CLASSROOM BASED RESEARCH (standard paragraph – must be included in all course outlines
where classroom based research applies)

If classroom based research is conducted, the class will be instructed on appropriate ways of
conducting research with human subjects based on the CNC Policy and Procedure for Ethical
Research. The ethical framework for this study will be articulated by the instructor in the
classroom.

REQUIRED REFERENCES: Typical text (s) and Resource Materials used in the course.
List to include, but not limited to the following:
Harrison and Financial Sixth Edition Toronto Pearson
Horngren et Accounting 2017
al with my
Accounting
Lab
EVALUATION METHODS AND % OF TOTAL GRADE

STUDENT EVALUATION LETTER GRADE / PERCENTAGES

In Class Assignments/Attendance 10% A+ 90 % - 100 %
Hand In Assignments (best 5 of 6) 7.5% A 85 % - 89.9 %
Online Assignments (best 10 of 11) 7.5% A- 80 % - 84.9 %
Mid Term Exams (2 x 25%) 50% B+ 76 % - 79.9 %
Final Exam 25% B 72 % - 75.9 %
B- 68 % - 71.9 %
C+ 64 % - 67.9%
C 60 % - 63.9%
C- 55 % - 59.9%
D 50 % - 54.9%
F 0 % - 49.9%

Other Pertinent Information Relevant to Transfer may be included here.

COURSE CONTENT or TOPICS

Major Topics

The Financial Statements

Recording Business Transactions
Accrual Accounting and the Financial Statements
Cash and Receivables
Inventory and Cost of Goods Sold
Property, Plant, and Equipment, and Intangible Assets
Investments and the Time Value of Money
Liabilities
Shareholders’ Equity
The Statement of Cash Flows
METHODOLOGY:

Topics will be discussed and examples will be utilized to illustrate the topic. Students will also
be given exercises to work on in class either alone or in groups.

NOTES:

1. 11 Online assignments and 6 manual will be assigned for each chapter and should be
completed on-line, using My Accounting Lab. The best 10 online and best 5 manual will
count. (10%) No late assignments will be accepted
2. Occasionally there may be in class group assignments and or participation marks which
will be based on readings. (5%)
3. Ensure you bring your textbook and calculator to all classes.
4. Please read the chapter before class and any other assigned readings, problems, or
exercises
5. Please make use of available office hours or make an appointment if office hours times
are inconvenient for you. Please try to set your appointment at least 2 days in advance
but I will try to meet you for office hours even on short notice.
6. If you are unable to write a midterm or final exam at the scheduled time, please discuss
it with me before the test is to be written. Otherwise, if you miss a test or exam, you
will receive a grade of zero.
7. Please be aware the last day to withdraw is March 8, 2019, without academic penalty.
After this date, students withdrawing will receive an “F” grade.
8. Cell phones and electronic devices (except a non-programmable calculator), are not
permitted when tests and exams are being written.
9. Calculators will usually be checked before or during exams. If you borrow a calculator
from a friend make sure there is no writing inside.
10. Students should only write Final Exams during the Final Exam period
11. Lateness will not be accepted. Students arriving late will not be allowed to attend class.
12. If you must leave class for any reason, you will not be able to re-enter.
13. Please be respectful in class and avoid talking or other distractions that could affect the
learning of others. Let us all learn well together!
 Class Schedule (subject to change)

Week Dates Tuesday Tuesday Lab Thursday

1 January 8 & 10, 2019 Introduction Chapter 1: The Financial Chapter 1: The Financial
Statements Statements
2 January 15 & 17, 2019 Chapter 1: The Financial Chapter 2: Recording Chapter 2: Recording
Statements Business Transactions Business Transactions

3 January 22 & 24, 2019 Chapter 2: Recording Chapter 3: Accrual Self Study
Business Transactions Accounting and the
Financial Statements

4 January 29 & 31, 2019 Chapter 3: Accrual Chapter 3: Accrual Review Chapters 1-3
Accounting and the Accounting and the
Financial Statements Financial Statements
5 February 5 & 7, 2019 Midterm: Chapter 4: Cash and Chapter 4: Cash and
Chapters 1-3 Receivables Receivables

6 February 12 & 14, 2019 Chapter 4: Cash and Chapter 5: Inventory and Chapter 5: Inventory and
Receivables Cost of Goods Sold Cost of Goods Sold

7 February 19 & 21, 2019 Reading Break

8 February 26 & 28, 2019 Chapter 5: Inventory and Chapter 5: Inventory and Chapter 6: Property, Plant
Cost of Goods Sold Cost of Goods Sold and Equipment and
Intangible Assets
9 March 5 & 7, 2019 Chapter 6: Property, Plant Chapter 6: Property, Plant Chapter 7: Investments
and Equipment and and Equipment and and the Time Value of
Intangible Assets Intangible Assets Money
10 March 12 & 14, 2019 Chapter 7: Investments Chapter 7: Investments Review Chapters 4-7
and the Time Value of and the Time Value of
Money Money
11 March 19 & 21, 2019 Midterm: Chapter 8: Liabilities Chapter 8: Liabilities
Chapters 4-7

12 March 26 & 28, 2019 Chapter 8: Liabilities Chapter 9: Shareholder's Chapter 9: Shareholder's
Equity Equity
13 April 2 & 4, 2019 Chapter 9: Shareholder's Chapter 10: The Statement Chapter 10: The Statement
Equity of Cash Flows of Cash Flows

14 April 9 & 11, 2019 Chapter 10: The Chapter 11: Financial Review
Statement of Cash Flows Statement Analysis
15 April 15 - 19, 2019 Exam Week
 Assignment Due Dates.

On-line cut-off is midnight on the due date.

Chapter 1 Sunday January 20

Chapter 2 Sunday January 27
Chapter 3 Sunday February 3
Chapter 4 Sunday February 17
Chapter 5 Sunday March 3
Chapter 6 Sunday March 10
Chapter 7 Sunday March 17
Chapter 8 Sunday March 31
Chapter 9 Sunday April 7
Chapter 10 Sunday April 14
Chapter 11 Sunday April 14

Hand – In Assignments

Cut-off beginning of class on the due date.

Assignment 1 Thursday January 17

Assignment 2 Thursday January 31
Assignment 3 Tuesday March 5
Assignment 4 Thursday March 14
Assignment 5 Thursday April 4
Assignment 6 Thursday April 11