School of University Studies and Career Access

Business
Business Diploma/Accounting and Finance Diploma/University Transfer

COM 204
Financial Accounting

Approved by Education Council: 2017 Credits: 3

Term: Fall and Spring Annually Total Course Hours: 75
Prerequisite: None Lecture Hours: 45
Lab Hours: 30
Co-requisite: None

Instructor: Satinder Khatkar Office: Room 2-326

Email: khatkars1@cnc.bc.ca Office Hours:
Phone: (250) 562-2131 ext. 5511 Tuesday, 2:00pm-3:30pm
Wednesday, 11:00am-12:00pm
Thursday, 2:00pm-3:30pm
Friday, 2:00pm-3:00pm
Or by appointment
Class: Comm 204, Section 2
Semester: Spring 2019
Lecture: Tuesday & Thursday, 12:30am to Location: Room 2-121
1:55pm
Lab: Friday, 3:00pm to 4:55pm Location: Room 1-311

CALENDAR DESCRIPTION:
Introduction to accounting procedures, principles and financial statement preparation, and the
analysis of accounting information for business decision-making. Emphasis is on accounting
policies and generally accepted accounting principles.

COURSE GOAL and LEARNING OBJECTIVES:

Upon successful completion of this course students should have an introductory understanding of
the process of financial accounting and should understand the accounting cycle.

1
ACADEMIC HONESTY AND STUDENT CONDUCT:
Students are expected to conduct themselves with academic integrity and in accordance with
CNC’s established standards of conduct. Penalties for misconduct, including plagiarism,
cheating and personal misconduct are outlined in the Standards of Conduct: Student
Responsibility and Accountability document found in the policies section of CNC’s website. All
students should familiarize themselves with this document.
http://cnc.bc.ca/Visiting/CNC_Policies.htm

ACCESSIBILITY SERVICES
Students who require academic accommodations as a result of a disability should advise both the
instructor and Accessibility Services. Students requiring support should familiarize themselves
with the College Access: Students with Disabilities policy.
http://cnc.bc.ca/Visiting/CNC_Policies.htm

CLASSROOM BASED RESEARCH

If classroom-based research is conducted, the class will be instructed on appropriate ways of
conducting research with human subjects based on the CNC Policy and Procedure for Ethical
Research. The ethical framework for this study will be articulated by the instructor in the
classroom.

REQUIRED REFERENCES: Typical text (s) and Resource Materials used in the course.
List to include, but not limited to the following:
Harrison and Financial Sixth Edition Toronto Pearson
Horngren et Accounting 2017
al with my
Accounting
Lab

2
EVALUATION METHODS AND % OF TOTAL GRADE

STUDENT EVALUATION LETTER GRADE /

PERCENTAGES
Quizzes, Participation and In 10% A+ 90 % - 100 %
Class Work
Hand in Assignments (Best 5 out 7.5% A 85 % - 89.9 %
of 6)
Online Assignments (Best 10 out 7.5% A- 80 % - 84.9 %
of 11)
Mid Term Exams (2x25%) 50% B+ 76 % - 79.9 %
Final Exam 25% B 72 % - 75.9 %
B- 68 % - 71.9 %
C+ 64 % - 67.9%
C 60 % - 63.9%
C- 55 % - 59.9%
D 50 % - 54.9%
F 0 % - 49.9%

COURSE CONTENT or TOPICS

Major Topics

The Financial Statements

Recording Business Transactions
Accrual Accounting and the Financial Statements
Cash and Receivables
Inventory and Cost of Goods Sold
Property, Plant, and Equipment, and Intangible Assets
Investments and the Time Value of Money
Liabilities
Shareholders’ Equity
The Statement of Cash Flows
Financial Statement Analysis

3
Notes:

1. Bring your textbook to every class as it will be used in each class and lab.
2. Please review the topic before class (see schedule on next page that lists dates of when
chapters will be covered). Starting with Chapter 2, there will be a quiz at the beginning
of every class.
3. Please make use of available office hours. Students are encouraged to make an
appointment, as appointments will take precedent over “drop-ins”. A 5- or 10-minute
visit is often all it takes to clear up a problem area.
4. If you are unable to write a midterm or final exam at the scheduled time, please discuss it
with me before the test is to be written. Otherwise, if you miss a test or exam, you will
receive a grade of zero.
5. March 8, 2019 is the last day to withdraw, without academic penalty. After this date,
students withdrawing will receive an “F” grade.
6. Cell phone usage is not permitted during the class. Please be sure to turn off your cell
phone before the class begins.
7. If students are using a laptop to take notes, no social media (i.e., face book, msn
messenger, twitter, etc.) is to be used in class as it is a distraction for all. Anyone using
laptop or other electronic devices for any other purpose than taking class notes will be
asked to leave the classroom.
8. Late assignments will not be accepted, and you will receive a zero grade for the
assignment.
9. If you are more than 5 minutes late, you will not be permitted to enter the class. Late
arrivals are disruptive to the class.
10. Cell phones and electronic devices (except a non-programmable calculator), are not
permitted when tests and exams are being written.
11. Calculators may be spot checked during tests.
12. Students are expected to write the final exam at its scheduled time, during the exam
period.
13. It is inappropriate to ask what questions will be on the midterm exams or final exams.
All material covered in class can be tested.
14. It is inappropriate to ask for any grades to be changed, either throughout the semester or
at the end of the semester. Any emails asking for grade changes at the end of the
semester will not be answered. Your final grade is the grade you have earned.

4
 Comm 204, Section 2: Schedule (subject to change)
Week Dates
1 January 8-10
2 January 15-17
3 January 22-24
4 January 29-31
5 February 5-7
6 February 12-14
7 February 19-21
8 February 26-28
9 March 5-7
10 March 12-14
11 March 19-21
12 March 26-28
13 April 2-4
14 April 9-11
15 April 13-23
Tuesday Class Thursday Class Friday Lab
Introduction Chapter 1: The Financial Chapter 1: The
Statements Financial Statements
Chapter 1: The Financial Chapter 2: Recording Chapter 2:
Statements Business Transactions Recording Business
Transactions
Chapter 2: Recording Chapter 3: Accrual Chapter 3: Accrual
Business Transactions Accounting and the Accounting and the
Financial Statements Financial Statements
Chapter 3: Accrual Chapter 3: Accrual Review
Accounting and the Accounting and the Chapters 1-3
Financial Statements Financial Statements
Midterm (Feb 5th) Chapter 4: Cash and Chapter 4: Cash and
Chapters 1-3 Receivables Receivables
Chapter 4: Cash and Chapter 5: Inventory and Chapter 5: Inventory
Receivables Cost of Goods Sold and Cost of Goods
Sold
Reading Break
Chapter 5: Inventory and Chapter 5: Inventory and Chapter 6: Property,
Cost of Goods Sold Cost of Goods Sold Plant and Equipment
and Intangible
Assets
Chapter 6: Property, Plant Chapter 6: Property, Plant Chapter 7:
and Equipment and and Equipment and Investments and the
Intangible Assets Intangible Assets Time Value of
Money
Chapter 7: Investments and Chapter 7: Investments Review
the Time Value of Money and the Time Value of Chapters 4-7
Money
Midterm (March 19th) Chapter 8: Liabilities Chapter 8: Liabilities
Chapters 4-7
Chapter 8: Liabilities Chapter 9: Shareholder's Chapter 9:
Equity Shareholder's Equity
Chapter 9: Shareholder's Chapter 10: The Chapter 10: The
Equity Statement of Cash Statement of Cash
Flows Flows
Chapter 10: The Chapter 11: Financial No Class
Statement of Cash Flows Statement Analysis
Exam Week
5
 Online Assignment Due Dates.
On-line cut-off is midnight on the due date.
Chapter 1 Sunday, January 20
Chapter 2 Sunday, January 27
Chapter 3 Sunday, February 3
Chapter 4 Sunday, February 17
Chapter 5 Sunday, March 3
Chapter 6 Sunday, March 10
Chapter 7 Sunday, March 17
Chapter 8 Sunday, March 31
Chapter 9 Sunday, April 7
Chapter 10 Sunday, April 14
Chapter 11 Sunday, April 14

Hand – In Assignments
Due at the beginning of class on the noted date.
Late assignments will not be accepted and received a grade of zero
Assignment 1 Thursday, January 17
Assignment 2 Thursday, January 31
Assignment 3 Tuesday, March 5
Assignment 4 Thursday, March 14
Assignment 5 Thursday, April 4
Assignment 6 Thursday, April 11