BKA-130: Accounting Principles I

This course provides the foundation for accounting concepts following the Canadian Generally Accepted Accounting Principles (GAAP) and will be used throughout the students’ business program. There will be an introduction and focus on International Financial Reporting Standards (IFRS) and Accounting Standards for Private Enterprises (ASSPE). This course covers an introduction to financial accounting theory and practice and provides students with the tools needed to develop a functional knowledge of fundamental accounting principles. Students will also be introduced to the methods for summarizing, analyzing and reporting financial data. Topics include bookkeeping cycle, basic accounting principles and procedures, financial statements, merchandising operations and inventory, and accounting for assets.