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BUSINESS ADMINIStratION - ACCountING/FINANCE
determination of net income for tax purposes,
taxable income and income taxes payable. Income
from employment, business, property, capital
gains and miscellaneous sources are included.
Prerequisites
COMM 240/241 or equivalent.
Equivalents:
CIB - Income Tax; (with ADMN 257) CASB
- Introductory Taxation; CGA - Tax 1; CMA -
Taxation; REIC - College Elective.
ADMN 259 Auditing
A one semester course examining the nature and
function of auditing. Students will study the
various types of audits as well as the auditor’s role
in the decision-making process. The planning
accumulation and interpretation of audit evidence
including EDP systems is a major component of
the course. Case studies requiring an examination
of internal control, planning an audit, development
of an audit program and the preparation and
completion of working papers, financial statements
and the auditors’ report are also part of this course.
Prerequisites
COMM 240/241 or equivalent.
Equivalents:
CASB - Introductory Assurance; CGA-Auditing
1; CMA - Internal Control and Audit; REIC -
College Elective.
ADMN 269 Information Systems
This course examines the relationships and
distinctions between Management Information
Systems (MIS) and Accounting Information Systems
(AIS). It examines the standard categories of
business transactions and how these transactions
flow through the organization, are stored (with
emphasis on databases), and are reported for use
by both internal and external users. Accounting
information system developments are studied with
emphasis on systems analysis and design, internal
controls, and proper documentation.
Prerequisites
CPSC 132, COMM 240/241 or equivalent.
Equivalents:
CASB - Introductory Information Systems and
Technology; CGA - Management Information
Systems 1; CMA - Information Technology.
ADMN 272 Commercial Law
This course is an introduction to law as it applies
to business. The development of the courts and
the machinery of justice will be outlined. A study
will then be made of contracts including their
formation, impeachment, breach, assignment and
discharge. Agency will also be discussed as well as
various federal and provincial statutes.
Equivalents:
CASB - Business Law; CGA - Law 1; CMA -
Commercial Law; CUIC - Elective; REIC College
Elective.
ADMN 250 Managerial Accounting
An introduction to management accounting
concepts, including job order and process costing,
cost-volume-profit relationships, variable costing,
activity-based costing, standard costs, cost control
through flexible budgets, segment reporting and
identification of costs relevant to price, product
and replacement decisions.
Prerequisites
COMM 240/241 or equivalent.
Equivalents:
CGA - Management Accounting 1; CIB - Cost
Management; CMA - Introductory Management
Accounting; CPA - Managerial Accounting; REIC
-College Elective.
ADMN 254 Intermediate Accounting II
The second part of a course dealing with theory
and concepts as applied to financial reporting.
Topics include valuation and cost allocation
problems applying to intangible assets, liabilities,
leases and pensions, accounting for owner’s equity,
future income tax assets and liabilities, cash flow
statements and full disclosure on financial reports.
Prerequisites
ADMN 251 or equivalent.
Equivalents:
(With ADMN 251): CASB - Intermediate Assets
and Equities; CGA - Financial Accounting 2 and
3; CMA - Intermediate Financial Accounting.
ADMN 255 Corporate Finance
This course examines the raising and allocating
of funds within the corporate context. Topics
include: conceptual aspects of capital structure,
dividend policy, interface with suppliers of capital,
financial securities, corporate combinations,
international finance and reorganization and
liquidations.
Prerequisites
COMM 240/241 or equivalent.
Equivalents:
Equivalencies (with ADMN 252): CASB -
Introductory Finance; CGA - Finance I; CMA
- Corporate Finance; CUIC - Finance.
ADMN 257 Income Tax II
A study of the nature and structure of the Income
Tax Act, as it applies to corporations, partnerships,
deceased taxpayers, trusts and non-residents,
with the focus on corporate taxation, a corporate
tax return and relevant schedules are prepared to
determine net income for tax purposes, taxable
income and income taxes payable. Capital cost
allowance deductions for eligible capital property,
and special topics are included.
Prerequisites
ADMN 253 or equivalent.
Equivalents:
CPA - Taxation; (with ADMN 253) CASB
- Introductory Taxation; CGA - Tax 1; CMA
- Taxation.
ADMN 295 Business Policy
A capstone course integrating the varied
disciplines in business including accounting
and finance, marketing, operations, economics,
forecasting, and management philosophies into
a comprehensive knowledge base which becomes
a foundation for strategic planning. Case studies
will be used to provide planning and decisionmaking
opportunities.
Prerequisites
ADMN 181, COMM 240/241 or equivalent.
Equivalents:
CMA - Strategic Management; CUIC - Elective;
REIC - College Elective.
Stat 206 Statistics
This course provides an introduction to statistical
methods intended for students of Engineering
or the Sciences. Descriptive statistics, probability
and inferential statistics are covered at a level
appropriate for students with some calculus
background. The students will learn to calculate
confidence intervals and perform hypothesis
testing for experiments involving one and two
samples. Linear regression and correlation may be
introduced if time permits.
Prerequisites
Math 100 or Math 140 or an equivalent calculus
course that introduces integral calculus.
Equivalents:
CASB - Statistics; CGA - Quantitative Methods I;
CMA - Quantitative Methods.
50 Selkirk College 12/13 School of Business and Aviation