Business Administration - Accounting and Financial Services

Transcription

1 Business Administration - Accounting and Financial Services Ontario College Advanced Diploma (3 Years - 6 Semesters ) (2054) : : : Sault Ste. Marie, ON, Canada Section B.24 5/2/2013 PROGRAM OVERVIEW The Business Administration - Accounting and Financial Services program addresses the growing need that the expanding population of baby boomers has for accountants with financial services planning expertise. It is the optimum program to deliver courses that provide a foundation in accounting and a specialization in financial planning. As a student you will be introduced to the modern technological environment of business, extensively using spreadsheet (Excel), database (Access) and computerized accounting applications. Prepare for careers in both accounting and/ or financial services at the same time. As a graduate of the program, you will have the opportunity to attain level three standing towards the Certified General Accountant (CGA) designation and may be eligible to write the Professional Competence Examination for the Certified Financial Planner (CFP) designation. Qualify for the mandatory co-op work term by meeting the prescribed Sault College academic and co-operative education requirements and you will have the opportunity to become involved in real-life work experiences where critical thinking, problem solving and interpersonal skills are used. As a graduate of the program you will equip yourself with the financial planning and advising skills needed for rewarding careers in professional accounting firms, financial institutions, insurance companies, financial planning companies; the public sector and in accounting within all types of business and market sectors. ADMISSIONS MINIMUM ACADEMIC REQUIREMENTS Ontario Secondary School Diploma or Mature Student Status (age 19 or older) Grade 12 English: ENG4(C) Grade 12 Mathematics (C) or Grade 11 Mathematics (U) or (M) CAREER PATHS The graduate has reliably demonstrated the ability to: 1. Record financial transactions in compliance with Canadian Generally Accepted Accounting Principles for sole proprietorships, partnerships, private enterprises, publicly accountable enterprises and non-profit organizations. 2. Prepare and present financial statements, reports and other documents in compliance with Canadian Generally Accepted Accounting Principles for sole proprietorships, partnerships and private enterprises. 3. Contribute to strategic decision-making for the organization and individual clients and establish professional networking and business relationships in the finance sector.

2 4. Analyze financial reports for individuals and/or organizations by applying financial mathematics and statistics. 5. Develop and evaluate a financial plan to meet individuals and or organizations needs and objectives. 6. Analyze and evaluate, within a Canadian context, the impact of economic variables, legislation, ethics, technological advances and the environment on an organizations operations. 7. Develop, implement, evaluate and co-ordinate marketing strategies to promote financial products and services and to enhance customer service. 8. Co-ordinate the planning, implementation, management and evaluation of team projects by applying project management principles. 9. Prepare individuals income tax returns and financial tax planning in compliance with relevant legislation and regulations. OTHER INFORMATION **This program is suspended for Fall 2013** PROGRAM OF STUDY SEMESTER 1 ACC107-4 Applied Accounting BUS100-4 Introduction to Business BUS140-3 Business Computer Applications CMM115-3 Communications I MKT101-3 Introduction to Marketing MTH114-4 Mathematics of Finance GEN100-3 Global Citizenship SEMESTER 2 ACC108-6 Accounting Principles I ACC116-4 Computerized Accounting Applications ACC220-4 Spreadsheet Management BUS127-3 Business Law BUS260-4 Business Statistics CMM215-3 Business Communication BUS103-4 Organizational Behaviour SEMESTER 3 ACC221-5 Accounting Principles II ACC222-5 Managerial Accounting I ECN104-3 Macroeconomics FIN300-3 Principles of Ethical Marketing of Financial Products MTH300-4 Quantitative Approaches to Decision Making SEMESTER 4 ACC232-5 Accounting Principles III ACC233-5 Managerial Accounting II BUS206-4 Business Finance CWB200-3 Co-operative Education Placement FIN400-4 Introduction to Financial Planning Note: CWB200-3 is mandatory and takes place in the summer.

3 SEMESTER 5 ECN203-3 Microeconomics FIN500-4 Taxation Principles for Financial Planners FIN510-4 Risk Management & Insurance in Financial Planning FIN520-4 Principles of Investments & Investment Strategy Select one of the following: GAS103: What in the World is Going On? GAS109: Music and Pop Culture GAS116: Your Two Cents GEN110: Student Selected General Education HDG122: Personal and Academic Success Strategies SSC102: Introduction to Aboriginal Peoples of Canada Note: *Students must choose one of the identified Student Selected General Education Courses SEMESTER 6 ACC600-5 Accounting Principles IV BUS600-4 Finance II FIN600-4 Retirement Planning and Benefits FIN610-4 Estate Planning FIN620-4 Investment Strategies and Tactics FIN630-4 Financial Planning Simulation Course Descriptions Semester 1 Applied Accounting (ACC107) (4 credits) This course introduces you to the fundamental accounting principles of debit and credit and to the double entry system of bookkeeping. It also includes the opening and closing of a set of books, the use of special journals and the preparation of financial statements. The complete accounting cycle is covered. Introduction to Business (BUS100) (4 credits) This course is an introductory survey of modern Canadian business. The student will study various forms of business ownership and organization and will be introduced to the basic management functions of planning, organizing, staffing, directing and controlling as they relate to the various areas of business. Business Computer Applications (BUS140) (3 credits) Students are introduced to computerized applications used by small to medium-sized businesses in their operation. Specifically, the student will gain practical hands-on experience in using software applications for word-processing, the preparation of spreadsheets, the creation of information databases and for preparing business presentations. The Microsoft Office Suite of software applications is the most prevalent software used businesses in their operations and is the software that the student will utilize in this course. Communications I (CMM115) (3 credits) The focus of this course is paragraph writing. You will produce effective, college-level expository/response paragraphs by developing analytical skills to select and properly integrate electronic and other research materials. Writing components such as rhetorical modes, grammar, sentence structure, paragraph development, editing, and referencing are included. Introduction to Marketing (MKT101) (3 credits) This introductory course examines what is involved in the practice and management of marketing. Students will explore the marketing process of, planning and executing the conception, pricing, promotion and distribution of ideas, goods and services.

4 Mathematics of Finance (MTH114) (4 credits) A study of simple and compound interest, dated values and equations of equivalence, simple and general annuities due, deferred annuities, amortization, sinking funds, depletion, perpetuities, capitalization and comparison of assets. Global Citizenship (GEN100) (3 credits) The world is shrinking. The ice caps are melting. A sneeze, thousands of kilometres away, starts a health pandemic and technology enables us to intimately view earthquakes, tsunamis and human rights violations around the world. This reality calls for an understanding of diversity, social justice and sustainability. A global citizen is aware of the wider world, respects and values diversity, is outraged by injustice, participates in community from the local to the global level, and feels compelled to act to make the world a more sustainable place. Global citizenship will help students gain personal meaning of themselves as citizens of the world and apply it in their own lives. Semester 2 Accounting Principles I (ACC108) (6 credits) This course examines the accounting techniques used to calculate and record accounts receivable adjustments, depreciation rates and disposal of assets. You are introduced to accounting for taxes in a business and the techniques used to calculate and record payroll activities, corporate accounting principles and partnership accounting. Computerized Accounting Applications (ACC116) (4 credits) This course deals with the study of a computerized accounting system. It takes you through the computerization of a manual bookkeeping system. You will learn to use a computerized accounting software package involving general ledger, accounts receivable, and accounts payable. Spreadsheet Management (ACC220) (4 credits) The main emphasis of this course is in the learning of a computer spreadsheet package and its application to the accounting environment. An overview of the microcomputer and its operating system is included to assist the accounting student in using the microcomputer. Business Law (BUS127) (3 credits) This course is designed to introduce students to the legal fundamentals for Canadian Business. The course will focus on the types of legal issues that students will encounter most frequently when they enter the business world. An understanding of the relationships created when conducting business and the rights, responsibilities and obligations that legally apply to these relationships are examined in this course. Business Statistics (BUS260) (4 credits) The statistical methods of collection, analysis, presentation and interpretation of quantitative data used for making generalizations, projections and decisions under uncertain conditions are introduced. Emphasis will be on the use of both descriptive and inferential statistical techniques within the workplace. Students will utilize spreadsheet software to present and analyze data. Business Communication (CMM215) (3 credits) This course provides employment-related theory and practice in those written and oral reporting skills typical of a modern business or institution. The principles of writing are taught through the writing process. Organizational Behaviour (BUS103) (4 credits) This is an introductory course which increases the student`s understanding of people as individuals and as members of groups. Such topics as motivation, individual behaviour in groups, group dynamics, leadership, and participative management are explored using small group discussions, films, case studies, and role

5 plays. Semester 3 Accounting Principles II (ACC221) (5 credits) This course is a continuance of accounting theory at an intermediate level. Introductory accounting topics are studied in detail. Practical application of accounting theory is conducted through the use of accounting software in a computer lab. Students will continue to upgrade their computerized accounting skills at an intermediate level. Managerial Accounting I (ACC222) (5 credits) This course is an introduction to managerial accounting. It deals with the management areas of cost accounting, systems, budgeting, and analysis. It introduces the job-costing system in the service, merchandising, and manufacturing sectors. It provides an introduction to budgeting with cost allocation techniques. It also begins analysis using variances. Macroeconomics (ECN104) (3 credits) The primary objective of this course will be to study the economy of Canada and the immediate problems of our society, such as inflation, unemployment, environmental pollution, etc., and the relationship of these. Man's and society's unlimited wants and scarce resources will also be studied as well as the relationship of the Canadian economy with other countries' economies and the world situation. Principles of Ethical Marketing of Financial Products (FIN300) (3 credits) This subject identifies the concepts, ideas and strategies for the marketing and selling of financial products, services and expertise by the financial planner to the public. The CIFP Code of Ethics is studied. Topics include prospecting, developing a market plan, client communications and practice concerns. Quantitative Approaches to Decision Making (MTH300) (4 credits) The subject is designed to give the student a broad understanding of the use of mathematical techniques as an aid to managerial decision-making. Central tendency, probability distributions and related ideas that were topics of prerequisite courses will be reviewed and applied to problems in the areas of hypothesis testing, simple and multiple regression, correlation and time series analysis. Semester 4 Accounting Principles III (ACC232) (5 credits) This course is a continuance of accounting theory at an intermediate level. Introductory accounting topics are studied in detail. Practical application of accounting theory is conducted through the use of accounting software in a computer lab. Students will continue to upgrade their computerized accounting skills at an intermediate level. Managerial Accounting II (ACC233) (5 credits) This course continues the study of managerial accounting. It provides a more in-depth look at management cost information systems. This includes cost allocation and decision making techniques for company and departments within the company. It also deals with process costing in the manufacturing environment. It concludes with an overview of current managerial topics. Business Finance (BUS206) (4 credits) Students will acquire the knowledge used to understand the financial management of a small business. Students will be able to identify the financial business concepts required to successfully manage and

6 analyze the on going operations of a small business. Co-operative Education Placement (CWB200) (3 credits) The student will acquire business administration work experience in various areas of accounting and financial services. Particular emphasis will be placed on the importance of interpersonal, teamwork, technical, and leadership skills as they meet the daily challenges of a dynamic workplace environment. Introduction to Financial Planning (FIN400) (4 credits) Financial planning involves the management of money and resources to achieve personal economic satisfaction. This subject introduces students to the financial planning process, gathering and using client information, and life cycle analysis, as well as general introduction to debt management, mortgages, personal taxation, interest concepts, and estate and retirement planning. Semester 5 Microeconomics (ECN203) (3 credits) This course is the study of the motives and behaviour of people and firms who buy and sell goods and services of labour power and of all that goes into our modern economy. The student will study supply and demand, production and costs, competition, efficiency, and price determination. Taxation Principles for Financial Planners (FIN500) (4 credits) This subject introduces students to the Income Tax Act and the key sections of income tax law required by financial planners. Areas covered include analysis of income, deductions, taxation planning and minimization, and tax calculation; and how they relate to financial planning for individuals. Risk Management & Insurance in Financial Planning (FIN510) (4 credits) This subject examines risk and risk management as applied to personal financial planning. Topics include the principles of insurance, needs analysis and the identification and analysis of risk (in the areas of disability, health, life, home and auto) and the development of the appropriate risk management strategies. The taxation, regulation and legal aspects of insurance are also examined. Principles of Investments & Investment Strategy (FIN520) (4 credits) This subject introduces students to the investment market in Canada. Topical issues include capital markets, the economy and its impact on investments, understanding corporations and analyzing financial statements, and the financing process. In-depth analyses of the characteristics, features, investment strategies for and valuation of bonds and equities are undertaken. Derivative products are also evaluated. This course prepares students to write Exam 1 of the Canadian Securities Course (CSC). What in the World is Going On? (GAS103) (3 credits) This course will give you the opportunity to build a strong awareness of current global issues. You will explore various media such as radio, TV, internet, newspaper, and magazines. Through discussions, debates, and presentations, students will focus on the main international headlines. Students will discover and develop a view and understanding of the impact of events related to music, entertainment, fashion, sports, politics, economics, world issues, and human-interest stories. Music and Pop Culture (GAS109) (3 credits) This course will give students the opportunity to think creatively and critically about the influence of popular music. Students will explore different music genres (rock, metal, hip hop and rap), their development and social significance. Students may explore music in film, commercials, war and protest, social and civil rights movements, and the contributions of specific artists to contemporary culture. The ways in which popular music has contributed to the current culture and, in turn, how culture has shaped

7 popular music will be examined. Your Two Cents (GAS116) (3 credits) No matter one s lifestyle, income or background, each person has experienced and developed practices to how we relate to money. This course explores our relationship and personal understanding with money, and its place and value in our culture and individual lives. Student Selected General Education (GEN110) (3 credits) For Transfer Credit Purposes only. Personal and Academic Success Strategies (HDG122) (3 credits) This course will prepare you for the rigors of academic life and enable you to develop a personal profile for college and career success. The main focus of this course will include accepting personal responsibility, discovering self-motivation, mastering self-management, employing interdependence, gaining self-awareness, adopting lifelong learning and developing emotional intelligence. In addition, you will develop and produce a `Personal Profile` that will identify your personal learning style, communication style, and personality style to enable you to achieve success in learning about, understanding, and choosing the courses and careers that will lead to personal and professional satisfaction. Introduction to Aboriginal Peoples of Canada (SSC102) (3 credits) This course will provide the participants with an introduction to the history and cultural survival of Canada`s Aboriginal people. Aboriginal worldview will be identified and discussed in both historical and modern perspectives. Students will review colonization, government policies and legislation, which provide a foundation for understanding modern Aboriginal life in Canada. Semester 6 Accounting Principles IV (ACC600) (5 credits) This intermediate financial accounting course emphasizes the critical concepts of liabilities and equities. Topics include legal and financial aspects of partnerships and corporations; current and long-term liabilities; shareholders equity; complex debt and equity instruments; leases; accounting for income taxes; pension and other post-employment benefits; accounting changes; cash flow statement; and the analysis of financial statements. Finance II (BUS600) (4 credits) This subject continues with the study of corporate finance with emphasis on the raising of funds, their cost and the allocation of these funds, particularly to long term capital assets. Analytical techniques relating to financial decision making are examined. Retirement Planning and Benefits (FIN600) (4 credits) This subject introduces students to Retirement Planning from the Financial Planners perspective. The topics include retirement plan types, qualified plans, pension benefits, employment benefits through group plans and the needs and analysis for planning for retirement. Students study the tax aspects of plan distributions and compensation plans. Estate Planning (FIN610) (4 credits) This subject deals with the process of transferring and preserving wealth in an orderly and effective manner. Topics include financial planning issues arising upon death, the estate plan overview, methods of property transfer and related documentation (wills, powers of attorney, probate), trust creation, taxation

8 of estates and trusts and family transfers. Investment Strategies and Tactics (FIN620) (4 credits) The study of the investment market in Canada continues in this course. Topics covered include managed products (mutual funds, segregated funds, income trusts), hedge funds, fundamental and technical market analysis, ratio analysis, taxation of investment returns, asset allocation and portfolio theory and strategy. This course prepares students to write Exam 2 of the Canadian Securities Course (CSC). Financial Planning Simulation (FIN630) (4 credits) This course incorporates the key concepts learned in other Financial Planning courses. Through lectures, case analyses and Financial Planning software, students are provided with the framework required to prepare comprehensive financial plans and to assist clients in making financial decisions. The focus is the application of concepts to real world problems/opportunities. Students learn and use sophisticated financial planning software that is currently used in the industry.