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CAMPUS: Terrace
TERM: Fall 2017
INSTRUCTOR: Sylvie Krabes, CPA, CGA, MBA
OFFICE: Library #10
TIME: Wednesday 9-Noon,
Room #113
E-MAIL: skrabes@nwcc.bc.ca
CREDITS/HOURS: 3/45
CALENDAR DESCRIPTION
This course is concerned with basic methodology and logic of: recording transactions and
maintaining books of account for service and merchandising; preparation and interpretation of
financial statements; recording, reconciling and valuing cash, accounts receivable, accounts
payable, inventory and plant and equipment.
LEARNING OUTCOMES
Upon successful completion of this course, the student should be able to:
understand the measurement of Business Income of companies providing services and
merchandising activities;
complete the Accounting Cycle;
analyze and record transactions;
adjust accounts and describe and prepare closing entries;
prepare financial statements from business transactions;
account for purchases and sales of merchandise;
understand Internal Control and Accounting Systems;
explain the major steps in achieving internal control over cash transactions;
prepare a bank reconciliation and explain its purpose;
explain the nature, estimate, and statement presentation of uncollectible accounts receivable,
write off any accounts known to be uncollectible, and record any later recoveries;
understand the different methods of accounting for the flow of inventory costs;
understand the general process of accounting for payroll liabilities.
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COURSE FORMAT
Classes are scheduled for 3 hours per week. Chapters will be studied in sections. Class sessions
will consist of lectures, problem solving and in-class exercises.
Questions on tests may include multiple choices, short answers, and problems. Students are
expected to abide by the Business Administration Department's exam policy.
The final exam will be comprehensive and will be mainly problem-solving in nature. The final
exam is scheduled for three hours and covers ALL material.
COURSE PREREQUISITES
Admission into Business Administration Program
TRANSFERABILITY
See NWCC Website http://www.nwcc.bc.ca/PROGRAMS/business.htm or BC Transfer Guide
http://www.bccat.bc.ca
REQUIRED MATERIALS/TEXTS
Fundamental Accounting Principles, Volume 1, 15th Canadian Edition. Larson, Jensen.
McGraw-Hill Ryerson (2016).
Worksheets to accompany text
Financial calculator Texas Instruments BA-II Plus: SEE Department Policy:
Policy for use of electronic aids in exam situations
Any other electronic devices are prohibited from use during exams. The
instructor reserves the right to examine any devices or translating
dictionaries prior to use in an exam.
EVALUATION PROFILE
Assignments ..........................................15% No Late Assignment Accepted
Mid-terms (2).....45%
Final Exam (min. 50% required)............40%
TOTAL.................................................100%
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GRADING PROFILE
A+ 96 - 100% GPA 4.33 C+ 66 - 70% GPA 2.33
A 91 - 95% GPA 4.00 C 61 - 65% GPA 2.00
A- 86 - 90% GPA 3.67 C- 56 - 60% GPA 1.67
B+ 81 - 85% GPA 3.33 P 50 - 55% GPA 1.00
B 76 - 80%GPA 3.00 F 0 - 49% GPA 0.00
B- 71 - 75% GPA 2.67
ASSIGNMENTS
An assignment will be given after each chapter. Students must submit all assignments for
marking at the beginning of the class on the due date.
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COURSE SCHEDULE
The following is planned for the course. Students are clearly expected to read the assigned
chapters before coming to class. Changes may be made to the schedule if it becomes necessary.
Week Date Chapter Topic Assignment Due
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OPERATIONAL DETAILS
MISSED EXAMINATIONS Quizzes and periodic tests must be written when scheduled for
the class. This policy may be modified should the student submit
written documentation acceptable to the department supporting a
valid reason for missing the quiz or test (family or personal
emergency, etc.) If an approved alternate quiz or test is not
available or cannot be scheduled, the weighting of the final exam
may be adjusted to compensate at the discretion of the instructor.
The student will not successfully complete the course without
passing the final exam and completing at least 50% of scheduled
quizzes and tests.
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