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Course Description

This course reviews and embellishes the financial reporting requirements as presented in generally accepted accounting principles (GAAP). The topics will include revenue recognition and the asset side of the balance sheet. Students should expect to use and expand on the application of all the generally accepted accounting principles and concepts covered in introductory financial and management accounting courses. To be successful in the course, students should be prepared to work independently outside the class sessions.

Notes

Online Delivery 

This course is offered in an online, asynchronous format except for its midterm(s) and final exam, which are held on campus. 

Asynchronous learning means that you typically will not have to be online at specific times. You will engage with the course material through online tools such as announcements, discussions, and email. Learning will be based on weekly module content and activities you can work through independently. Note: You will have deadlines for assignment submissions, and you may be expected to participate in discussion board interactions with your peers on a regular basis.

Your instructor may also include occasional scheduled sessions for Q&As and other discussion activities using web conferencing tools such as Zoom and Google Meet. Details will be included in your course outline, which will be available on the first day of classes.

On-campus exam requirement: Your final exam will be written in person at the Toronto Metropolitan University campus. If you live more than 100 km from the TMU campus, you may arrange to write your exam off campus using an approved off-campus invigilation service. Details on your exam date and how to arrange off-campus invigilation can be found on the Exams for Online Courses webpage.

 

Requisites

Prerequisite: CACC 410 or CACC 333
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