Accounting

General Stream

Students must complete 12.00 credits total, consisting of:

• 3.00 credits of Required Courses
• 9.00 credits of Elective Courses

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Required Courses (General Stream):

• ACTG 6120 3.00 INTERMEDIATE FINANCIAL ACCOUNTING I

  This course examines the accounting concepts and principles that relate to the asset accounts. Attention is given to alternative asset measurement bases and related revenue recognition and income determination bases.

  Prerequisite: SB/ACTG 5101 3.00 for students pursuing the Schulich Diploma in Intermediate Accounting (DIAc).

Financial Accounting Stream

Students must complete 12.00 credits total, consisting of:

• 3.00 credits of Required Courses
• 9.00 credits of Elective Courses

Required Courses (Financial Accounting Stream):

• ACTG 6120 3.00 INTERMEDIATE FINANCIAL ACCOUNTING I

  This course examines the accounting concepts and principles that relate to the asset accounts. Attention is given to alternative asset measurement bases and related revenue recognition and income determination bases.

  Prerequisite: SB/ACTG 5101 3.00 for students pursuing the Schulich Diploma in Intermediate Accounting (DIAc).

Elective Courses:

• ACTG 6120 3.00 INTERMEDIATE FINANCIAL ACCOUNTING I

  This course examines the accounting concepts and principles that relate to the asset accounts. Attention is given to alternative asset measurement bases and related revenue recognition and income determination bases.

  Prerequisite: SB/ACTG 5101 3.00 for students pursuing the Schulich Diploma in Intermediate Accounting (DIAc).

• ACTG 6130 3.00 INTERMEDIATE FINANCIAL ACCOUNTING FOR FINANCE MAJORS

  This course is meant specifically for non-accountants who want a broader understanding of accounting issues and how they impact financial statements. This course covers both sides of the balance sheet focusing on understanding the impact of the issues on the financial statements instead of the detailed technical application. This course is not recognized as a course by the accounting designations.

  Pre-requisite: MBA/IMBA: ACTG 5100 3.00 or equivalent
  Course credit exclusion: ACTG 6120 and ACTG 6140 (either ACTG 6130 3.0 or ACTG 6120 3.0 and 6140 3.0)

• ACTG 6140 3.00 INTERMEDIATE FINANCIAL ACCOUNTING II
  This is an extension of SB/ACTG 6120 3.00 with emphasis on the liability of equity accounts. Major topics include: tax allocation, pensions, leases, capital transactions and financial statement analysis. Prerequisite: ACTG SB/6120 3.00
• ACTG 6160 3.00 ADVANCED FINANCIAL ACCOUNTING

  The final course in the three-course financial accounting core, this course emphasizes accounting for international activities and inter-corporate investments. The application of accounting principles to case situations in specialized industries and non-profit organizations is also considered.

  Prerequisites: SB/ACTG 6120 3.00 & SB/ACTG 6140 3.00

• ACTG 6250 3.00 FINANCIAL REPORTING AND ANALYSIS

  This course examines why stock prices react when firms announce their earnings, and why certain trends in industry earnings affect stock prices of many firms in that industry. Under highly stylised Generally Accepted Accounting Principles (GAAP), abnormal accounting earnings of a firm can be discounted to derive an estimate of the share price. This course therefore offers a direct link between accounting policy choices, abnormal earnings (based on adjusted reported earnings) and stock price valuation.

  Prerequisite: SB/ACTG 5100 3.00.

  Prerequisite: SB/ACTG 5101 3.00 for students pursuing the Schulich Diploma in Intermediate Accounting (DIAC).

  Course Credit Exclusion: SB/FINE 6600 3.00 (either SB/ACTG 6250 3.00 or SB/FINE 6600 3.00, but not both, may be taken for credit).

• ACTG 6350 1.50 ADVANCED COST & MANAGEMENT ACCOUNTING
  This course develops problem-solving skills for internal accounting applications. Topics covered include product mix decisions, managing scarce resources, product costing and pricing, budgeting, and international transfer pricing. Prerequisite: SB/ACTG 5210 1.50
• ACTG 6550 1.50 ADVANCED MANAGEMENT ACCOUNTING

  This course focuses on managerial planning, performance, and control systems in organizations that direct the behaviour of corporate officers and managers, in order to achieve a specific goal. Different tools and techniques are reviewed including methods of incentivizing employee productivity, compliance, and overall performance assessment. The course emphasizes decision-making through the analysis of case studies and discussions.

  Prerequisite: SB/ACTG 5211 3.00

• ACTG 6600 3.00 AUDITING STANDARDS & APPLICATIONS

  This course focuses on the standards and applications underlying the latest functions and responsibilities of external and internal auditors. The theory of audit evidence and certain basic techniques are used to provide an understanding of auditing methodology. The auditor's responsibility beyond the financial audit and current developments in auditing are also examined. Students may be expected to complete a research paper or project.

  Prerequisite: SB/ACTG 5100 3.00.

  Prerequisite: SB/ACTG 5101 3.00 for students pursuing the Schulich Diploma in Intermediate Accounting (DIAC).

• ACTG 6610 3.00 ADVANCED AUDITING
  This course extends students' knowledge in the area of auditing by examining the role of the profession in society today, evaluating current issues facing auditors, and building on their understanding of the general audit framework and its fundamental theories. It also examines specific audit topics such as legal liability, comprehensive auditing, fraud, audit of not-for-profit organizations, environmental auditing and small business audits. Prerequisite: ACTG 6600 3.00 Auditing Standards and Applications
• ACTG 6650 3.00 STRATEGIC PERFORMANCE EVALUATION

  Strategic Performance Evaluation places an emphasis on strategic planning, performance assessment, and cost containment systems in organizations. Using an in-depth strategic planning case analysis approach, the course examines cost control methodologies, performance measurement and reward systems, governance and ethics in private and non-profit entities.

  Prerequisite: ACTG 5211 3.00

• ACTG 6710 3.00 INTRODUCTION TO INCOME TAXATION

  The basic concepts and techniques of income taxation and applications to personal and corporate contexts are examined.

  Prerequisite: SB/ACTG 5100 3.00.

  Prerequisite: SB/ACTG 5101 3.00 for students pursuing the Schulich Diploma in Intermediate Accounting (DIAC).

• ACTG 6720 3.00 ADVANCED INCOME TAXATION
  A continuation of SB/ACTG 6710 3.00, this course concentrates in greater detail on the taxation of business income. Prerequisite: SB/ACTG 6710.030
• ACTG 6730 3.00 MANAGERIAL TAX PLANNING
  This course builds on ACTG 6710 and ACTG 6720. It explores how individual and corporate taxpayers identify and implement tax planning opportunities in an attempt to maximize after-tax incomes, subject to complying with tax laws, while achieving business or financial strategies. Prerequisites: ACTG 6710 3.00 and ACTG 6720 3.00

^{NOTE: Not all courses required to fulfill a specialization are offered each term. Course offerings are based on factors such as student demand and instructor availability. The office of Student Services & International Relations is available to provide advising on course sequencing and the fulfillment of program and specialization requirements within a student’s period of study. For current course offerings and details, please view the Schulich Course Offerings Database.}