2003-2004 Undergraduate Calendar

Ian Adamson,Thomas H. Barnes, Gail Lynn Cook, Louis Culumovic, Donald Cyr, Maureen E. Donnelly, Sandra M. Felton, Barbara Sainty, Paul Scarbrough, Anamitra Shome, Linda Stillabower

Assistant Professors

Mohamed Ayadi, H. Donald Brown, Ernest N. Biktimirov, Paul Dunn, Onem Ozocak, Allister W. Young

Lecturers

Daniel Armishaw, Fred Cranston, Carolyn J. Davis, Shari Leitch

Director, Co-operative Programs

Cindy Dunne

General Information

Administrative Assistant

Marisa Battista

905-688-5550, extension 3918

Taro Hall 233

http://www.bus.brocku.ca/

The Department of Accounting and Finance offers four-year, 20 credit programs in Accounting and Business Administration. Subsequent degrees are available in the Bachelor of Accounting program for students holding an undergraduate degree in another discipline. A five credit Minor in Business is open to Brock students pursuing degrees in other Faculties. The Faculty of Business also offers a Bachelor of General and Applied Studies to qualified students from Seneca College.

Bachelor of Accounting

The program in Accounting is designed for students pursuing careers in the accounting profession. The program is professionally oriented and combines a high degree of specialization in Accounting along with studies in Business, the Social Sciences, Humanities and Mathematics and Science.

The Bachelor of Accounting program is offered as a regular four-year Honours program and on a Co-operative work/study basis. This is a limited enrolment program. On successful completion of the program, the degree Bachelor of Accounting (BAcc) is awarded.

Bachelor of Accounting Co-operative (Co-op)

The Co-op program is fully accredited by the Institute of Chartered Accountants of Ontario. Students work in a wide variety of locations throughout Ontario. The program scheduling combines academic and work terms over a four and one-half year period. Students must register with the Institute of Chartered Accountants of Ontario on a conditional basis at the beginning of the first work period. Chartered Accountant students must accumulate a minimum of 30 months work experience, six months of which must follow the completion of the Bachelor of Accounting degree. In addition to the current fees for courses in academic study terms, Co-op Accounting students are assessed an annual administrative fee (see the Schedule of Fees).

Bachelor of Business Administration

The program in Business Administration is designed for students pursuing careers in business and government. The program is professionally oriented and combines studies in the Business disciplines with studies in the Social Sciences, Humanities and Mathematics and Science.

The Bachelor of Business Administration program is offered as a regular four-year Honours program and on a Co-operative work/study basis. This is a limited enrolment program. On successful completion of the program, the degree Bachelor of Business Administration (BBA) is awarded.

The requirement for graduation with a BBA (Honours) is a minimum 70 percent major average and a minimum 60 percent non-major average. The requirement for graduation with a BBA is a minimum 60 percent major average and a minimum 60 percent overall average.

All BBA students are required to take a number of core courses. At the end of year 2 students may apply for admission to an area of concentration. No student may take more than two of ACTG 4V90-4V99, ENTR 4V90-4V99, FNCE 4V90-4V99, MGMT 4V90-4V99, MKTG 4V90-4V99, OBHR 4V90-4V99. Please consult the Chair.

Periodic Review of Eligibility to Continue

Students admitted to the Bachelor of Accounting Co-op program must follow the Co-op program schedule. The eligibility of each student to continue in the Bachelor of Accounting program will be reviewed when the student has attempted three or more credits since the previous review.

Eligibility to continue is based on the student's major average and non-major average.

BAcc Co-op

1.	A student with a minimum 70 percent major average, a minimum 60 percent non-major average, and a 70 percent average in ACTG courses, will be permitted to continue.
2.	A student with a major average lower than 70 percent average will not be permitted to continue in the BAcc Co-op program. Re-admission to the BAcc program requires a minimum 70 percent major average, 60 percent non-major average, a minimum of 70 percent ACTG average and permission of the Co-op Admissions Committee.
3.	Students admitted to the Co-op program must follow the BAcc Co-op program schedule. Failure to adhere to the schedule, without the permission of the Co-op Programs Director, may result in removal from the BAcc Co-op program.
	BAcc Non-Co-op

1.	BAcc students who do not maintain a 70 percent major average and a 60 percent non-major average will not be permitted to continue in the program. Re-admission to the BAcc program requires a minimum 70 percent major average, 60 percent non-major average, a minimum of 70 percent ACTG average and permission of the Chair.
	BBA Eligibility of each student to continue in the Bachelor of Business Administration program will be reviewed following completion of the Fall/Winter Session. Eligibility to continue is based on a minimum 60 percent major average and a minimum 60 percent overall average. BBA Co-op Eligibility to continue is based on the student's major average and non-major average.

1.	A student with a major average of at least 70 percent and a non-major average of at least 60 percent will be permitted to continue.
2.	A student with a major average lower than 70 percent will not be permitted to continue in the BBA Co-op program, but may continue in the BBA stream. If a student subsequently raises his/her major average to 70 percent, the student can be readmitted to the Co-op program only if approved by the Co-op Admissions Committee.

Program Notes

1.	In the Business Administration programs, MGMT 1P96 is the prerequisite for all BBA, MGMT, MKTG and OBHR courses numbered 2(alpha)00 or above except ACTG 2P40, FNCE 2P95, ITIS 3P97.
2.	All students must take a minimum of one elective credit in each of years 1 through 4. Students must complete their Science context credit and Humanities context credit by the end of year 3.
3.	There is a one-half credit overload for BBA Co-op students during the Fall Term of year 4.
4.	No more than 1.0 Letter of Permission credit for ACTG courses numbered 2(alpha)00 or above is permitted for BAcc and BBA students.
5.	In all 20 credit degree programs, at least 12 credits must be numbered 2(alpha)00 or above, six of which must be numbered 2(alpha)90 or above and of these, three must be numbered 3(alpha)90 or above. In all 15 credit degree programs, at least seven credits must be numbered 2(alpha)00 or above, three of which must be numbered 2(alpha)90 or above.

Honours Program

Bachelor of Accounting

Year 1

	ACTG 1P11, 1P12 and 1P71
	ECON 1P91 and 1P92
	ITIS 1P97
	MATH 1P97 and 1P98
	one Humanities context credit

Year 2

	ACTG 2P21, 2P31 and 2P32
	ECON 2P23 and 2P91
	FNCE 2P91 and 3P93
	POLI 2P62
	one Science context credit

Year 3

	ACTG 3P11, 3P23, 3P33, 3P41 and 3P97
	MGMT 3P82
	MKTG 2P91
	OBHR 2P91
	OPER 2P91
	one-half elective credit

Year 4

	ACTG 4P11, 4P12, 4P34 and 4P41
	MGMT 4P89
	one elective credit

Program A*:

ACTG 4P42, 4P61 and 4P62

Program B*:

	MGMT 3P98
	one credit from ACTG, ENTR, FNCE, ITIS, MGMT, MKTG, OBHR, OPER, POLI 4P54

*In year 4 of the program there are two streams: Program A requirements are designed for students pursuing the CA designation after graduation. Program B requirements are designed for students pursuing the CMA designation after graduation. Students interested in the CGA designation should consult the Chair.

Bachelor of Accounting (Co-op)

Year 1

	ACTG 1P11, 1P12 and 1P71
	ECON 1P91 and 1P92
	ITIS 1P97
	MATH 1P97 and 1P98
	one Humanities context credit

Winter Term:

ACTG 0N90

Year 2

Fall Term:

	ACTG 2P31 and 3P97
	ECON 2P23 and 2P91
	FNCE 2P91

Winter Term:

ACTG 0N01

Spring/Summer Sessions:

	ACTG 2P21, 2P32 and 3P11
	FNCE 3P93
	MGMT 3P82
	one Science context credit

Year 3

Fall Term:

ACTG 0N02

Winter Term:

ACTG 0N03

Spring/Summer Sessions:

	ACTG 3P23, 3P33 and 3P41
	POLI 2P62

Year 4

Fall Term:

	ACTG 4P41
	MKTG 2P91
	OBHR 2P91
	OPER 2P91
	one-half elective credit

Winter Term:

ACTG 0N04

Spring/Summer Sessions:

	ACTG 4P34, 4P42 and 4P61
	one-half elective credit

Year 5

Fall Term:

	ACTG 4P11, 4P12 and 4P62
	MGMT 4P89
	one-half elective credit

Bachelor of Accounting for Students Holding Other Degrees

Students holding a university degree in which the major area of study is other than a Business discipline and with a minimum 70 percent overall average may be admitted and receive a maximum of 10 credits towards a Bachelor of Accounting degree (offered as an Honours program only). Students who have been granted fewer than 10 advanced standing credits will require more than 10 Brock credits to complete the requirements.

Bachelor of Business Administration

Students who have successfully completed year 1 and 2 required BBA courses may apply for admission to an area of concentration provided they meet the specific requirements of the concentration as outlined below. The deadline for concentration admission applications is June 15th.

Concentration in Accounting

To concentrate in Accounting, students must have a minimum 70 percent major average and a minimum 70 percent average in ACTG 1P91 and 2P12 or ACTG 1P11 and 1P12.

Year 1

	ACTG 1P91
	ECON 1P91 and 1P92
	ITIS 1P97
	MGMT 1P93 and 1P96
	MATH 1P97 and 1P98
	one Humanities context credit or Science context credit (see program note 2)

Year 2

	ACTG 2P12 and 2P40
	ECON 2P23 and 2P91
	FNCE 2P91
	MKTG 2P91
	OBHR 2P91
	OPER 2P91
	the Humanities context credit or Science context credit not taken in year 1 (see program note 2)

Year 3

	ACTG 2P21 and 3P97
	ENTR 3P45
	FNCE 3P93
	MGMT 3P82 and 3P98
	MKTG 3P24
	OBHR 3P42
	one elective credit

Year 4

	ACTG 2P31, 2P32, 3P11 and 4P40
	MGMT 3P80 and 4P80
	one elective credit
	one elective credit numbered 3(alpha)90 or above

Concentration in Finance

To concentrate in Finance, students must have a minimum 70 percent overall average in all year 1 and 2 required BBA courses and a minimum grade of 70 percent in FNCE 2P91.

Year 1

	ACTG 1P91
	ECON 1P91 and 1P92
	ITIS 1P97
	MGMT 1P93 and 1P96
	MATH 1P97 and 1P98
	one Humanities context credit or Science context credit (see program note 2)

Year 2

	ACTG 2P12 and 2P40
	ECON 2P23 and 2P91
	FNCE 2P91
	MKTG 2P91
	OBHR 2P91
	OPER 2P91
	the Humanities context credit or Science context credit not taken in year 1 (see program note 2)

Year 3

	ENTR 3P45
	FNCE 3P93 and 3P96
	ITIS 3P97
	MGMT 3P82 and 3P98
	MKTG 3P24
	OBHR 3P42
	one elective credit

Year 4

	FNCE 4P04 and 4P16
	MGMT 3P80 and 4P80
	one and one-half FNCE credits numbered 4(alpha)00 or above
	one-half credit from ACTG, ENTR, FNCE, MGMT, MKTG, OBHR, OPER, POLI 4P54
	one elective credit

Concentration in Accounting Co-op (Honours only)

Year 1

	ACTG 1P91
	ECON 1P91 and 1P92
	ITIS 1P97
	MGMT 1P93 and 1P96
	MATH 1P97 and 1P98
	one Humanities context credit or Science context credit (see program note 2)

Year 2

	ACTG 2P12
	ADMI 0N90
	ECON 2P91
	FNCE 2P91 and 3P93
	MKTG 2P91 and 3P24
	OBHR 2P91 and 3P42
	the Humanities context credit or Science context credit not taken in year 1 (see program note 2)

Year 3

Fall Term:

ADMI 0N11

Winter Term:

	ACTG 2P21 and 2P40
	ECON 2P23
	MGMT 3P82
	OPER 2P91

Spring/Summer Sessions:

ADMI 0N12

Year 4

Fall Term:

	ACTG 2P31 and 3P97
	ENTR 3P45
	MGMT 3P80 and 3P98
	one-half elective credit (see program note 3)

Spring/Summer Sessions:

	ACTG 2P32 and 3P11
	one elective credit

Year 5

Fall Term:

	ACTG 4P40
	MGMT 4P80
	one elective credit numbered 3(alpha)90 or above
	one-half elective credit

Winter Term:

ADMI 0N13

Concentration in Finance Co-op (Honours only)

Students admitted to the BBA Co-op program must follow the program schedule as listed below. Failure to adhere to the schedule may result in removal from the program.

Year 1

	ACTG 1P91
	ECON 1P91 and 1P92
	ITIS 1P97
	MGMT 1P93 and 1P96
	MATH 1P97 and 1P98
	one Humanities context credit or Science context credit (see program note 2)

Year 2

	ACTG 2P12
	ADMI 0N90
	ECON 2P91
	FNCE 2P91 and 3P93
	MKTG 2P91 and 3P24
	OBHR 2P91 and 3P42
	the Humanities context credit or Science context credit not taken in year 1 (see program note 2)

Year 3

Fall Term:

ADMI 0N11

Winter Term:

	ECON 2P23
	ENTR 3P45
	FNCE 3P96
	ITIS 3P97
	OPER 2P91

Spring/Summer Sessions:

ADMI 0N12

Year 4

Fall Term:

	FNCE 4P04 and 4P16
	MGMT 3P80 and 3P98
	one elective credit (see program note 3)

Winter Term:

ADMI 0N13

Spring/Summer Sessions:

	ACTG 2P40
	MGMT 3P82
	one elective credit

Year 5

Fall Term:

	MGMT 4P80
	one-half credit from ACTG, ENTR, FNCE, MGMT, MKTG, OBHR, OPER, POLI 4P54
	one and one-half FNCE credits numbered 4(alpha)00 or above

Minor in Business

Students in other disciplines can obtain a Minor in Business within their degree program by completing the following courses with a minimum 60 percent overall average:

	ACTG 1P91 and 2P12
	ENTR 2P51
	FNCE 2P51
	MGMT 1P91, 1P92 and 3P81
	MKTG 2P51
	OBHR 2P51
	OPER 2P51

Bachelor of General and Applied Studies

Applicants who have graduated from the Seneca College three-year Accounting and Finance Program with a minimum 3.5 grade point average will be granted eight transfer credits. To complete the Bachelor of General and Applied Studies degree at Brock, the student must complete the following:

	one Humanities context credit
	one Science context credit
	one Social Science context credit
	four credits (one of which may be in business) numbered 2(alpha)00 level or above

Course Descriptions

Note that not all courses are offered in every session. Refer to the applicable term timetable for details.

Prerequisites and Restrictions

Students must check to ensure that prerequisites are met. Students may be deregistered, at the request of the instructor, from any course for which prerequisites and/or restrictions have not been met.

ACCOUNTING

ACTG 1P11

Introduction to Accounting I

Nature and role of accounting information for planning, decision making, control and external reporting by businesses and other economic organizations.

Lectures, discussion, 3 hours per week.

Restriction: open to BAcc majors.

Note: enrolment limited to 45 students per section.

Completion of this course will replace previous assigned grade in ACTG 1P91.

ACTG 1P12

Introduction to Accounting II

Continuation of ACTG 1P11 emphasizing the application of various accounting concepts to generate information for a variety of purposes.

Lectures, discussion, 3 hours per week.

Restriction: open to BAcc majors.

Prerequisite: ACTG 1P11.

Note: enrolment limited to 45 students per section.

Completion of this course will replace previous assigned grade in ACTG 1P92 and 2P12.

ACTG 1P71

The Legal Environment of Business

Canadian legal system as it affects the modern business environment, in particular the accounting professional. Topics include financial disclosure and aud requirements, corporate finance and securities, corporate capacity and agency and professional liability for negligence and other business torts.

Lectures, seminar, 3 hours per week.

Restriction: open to BAcc majors.

Note: enrolment limited to 65 students per section.

Completion of this course will replace previous assigned grade in ACTG 2P40 and MGMT 2P40.

ACTG 1P91

Introduction to Financial Accounting

Fundamental concepts of financial accounting as related to the balance sheet, income statement and statement of cash flow. Problems of income determination, asset and equity measurements and analysis of financial statements.

Lectures, discussion, 3 hours per week.

Restriction: open to BBA, BBE, BCB, TOUR and combined Business majors until date specified in BIRT guide. In Winter Term open to students with a minimum of 1.0 credit.

Note: enrolment limited to 45 students per section.

Completion of this course will replace previous assigned grade in ACTG 1P11.

ACTG 2P12

Introduction to Management Accounting

Accounting for managerial decision-making, including relevant data, various cost accounting systems and breakeven analysis.

Lectures, discussion, 3 hours per week.

Restriction: open to BBA, BBE, BCB, TOUR and combined Business majors until date specified in BIRT guide. In Winter Term open to BBE majors and students with a minimum of 6.0 overall credits.

Prerequisite: ACTG 1P91.

Note: enrolment limited to 45 students per section.

Completion of this course will replace previous assigned grade in ACTG 1P12 and 1P92.

ACTG 2P21

Cost And Managerial Accounting I

Internal recording systems devised to implement and guide management planning and control emphasizing cost finding, product costing, cost behaviour and cost allocations as well as analysis and communication of relevant information to users in a professional manner.

Lectures, discussion, 3 hours per week.

Restriction: open to BAcc majors and BBA students approved to the accounting concentration. In Spring Term open to BAcc Co-op majors until date specified in BIRT guide.

Prerequisite: ACTG 1P12, 2P12 or permission of the instructor.

Note: enrolment limited to 40 students per section.

ACTG 2P31

Accounting for External Reporting I

Theory and practice of financial statement preparation including the measurement, reporting and disclosure of assets, liabilities, equity, revenue and expenses with specific reference to generally accepted accounting principles.

Lectures, discussion, 3 hours per week.

Restriction: open to BAcc majors and BBA students approved to the accounting concentration.

Prerequisite: ACTG 1P12, 2P12 or permission of the instructor.

Note: enrolment limited to 40 students per section.

ACTG 2P32

Accounting for External Reporting II

Theory and practice of financial statement preparation in accordance with generally accepted accounting principles.

Lectures, discussion, 3 hours per week.

Restriction: open to BAcc majors and BBA students approved to the accounting concentration. In Spring Term open to BAcc Co-op majors until date specified in BIRT guide.

Prerequisite: ACTG 2P31 or permission of the instructor.

Note: enrolment limited to 40 students per section.

ACTG 2P40

Commercial Law

Basic legal considerations for the business organization.

Lectures, discussion, 3 hours per week.

Note: enrolment limited to 45 students per section.

Completion of this course will replace previous assigned grade in ACTG 1P71 and MGMT 2P40.

ACTG 3P11

Auditing Concepts

Nature of verification, audit evidence, testing, the elements of effective control structures, the use of statistical sampling and evolution of external, internal and comprehensive auditing.

Lectures, discussion, 3 hours per week.

Restriction: open to BAcc majors and BBA students approved to the accounting concentration. In Spring Term open to BAcc Co-op majors until date specified in BIRT guide.

Prerequisite: ACTG 3P97 (3P22 or MGMT 4P12) or permission of the instructor.

Note: enrolment limited to 40 students per section.

ACTG 3P23

Cost And Managerial Accounting II

Topics include performance evaluation, divisional performance measurement, transfer pricing, behavioural implications of accounting information and current issues as well as analysis and communication of relevant information to users in a professional manner.

Lectures, discussion, 3 hours per week.

Restriction: open to BAcc majors. In Spring Session open to BAcc Co-op majors until date specified in BIRT guide.

Prerequisite: ACTG 2P21 or permission of the instructor.

Note: enrolment limited to 40 students per section.

ACTG 3P33

Accounting for External Reporting III

Theory and practice of financial statement preparation in accordance with generally accepted accounting principles.

Lectures, discussion, 3 hours per week.

Restriction: open to BAcc majors. In Spring Session open to BAcc Co-op majors until date specified in BIRT guide.

Prerequisite: ACTG 2P32 or permission of the instructor.

Note: enrolment limited to 40 students per section.

ACTG 3P41

Taxation I

Principles underlying federal income taxation in Canada through an analysis of the Income Tax Act, R.S.C., as amended. Computation of net income for tax purposes is examined in detail.

Lectures, discussion, 3 hours per week.

Restriction: open to BAcc majors. In Spring Session open to BAcc Co-op students until date specified in BIRT guide.

Prerequisite: ACTG 1P12 or 2P12 permission of the instructor.

Note: enrolment limited to 40 students per section.

ACTG 3P97

Accounting Information Systems

Emphasis on the design and implementation of systems and controls within the context of a management information system.

Lectures, discussion, 3 hours per week.

Restriction: open to BAcc majors and BBA students approved to the accounting concentration. In Spring Session open to BAcc Co-op majors until date specified in BIRT guide.

Prerequisite: ACTG 1P12, 2P12, ITIS 1P97 or permission of the instructor.

Note: enrolment limited to 40 students per section.

Completion of this course will replace previous assigned grade in ACTG 3P22, ITIS 3P97 and MGMT 4P12.

ACTG 4P03

Financial Analysis

(also offered as FNCE 4P03)

Importance and use of financial statement information in areas such as analysis of credit, equity investment, industry and competitors, analysis of mergers and acquisitions and the firm's strategy in communicating information to capital markets.

Lectures, case discussion, 3 hours per week.

Restriction: open to BBA students approved to the finance concentration, BAcc students and BBE financial economics option students until date specified in BIRT guide. After that date, open to BAcc, BBA, BBE, BCB and combined Business majors.

Prerequisite: FNCE 3P93 or permission of the instructor.

Note: enrolment limited to 40 students per section.

ACTG 4P11

Accounting Theory

Mathematical, economic and behavioural foundations of accounting theory including the need for and development of standards, a conceptual framework, alternatives to present accounting models and current issues.

Lectures, discussion, 3 hours per week.

Restriction: open to BAcc majors with a minimum of 14.5 overall credits.

Prerequisite: ACTG 3P33 or permission of the instructor.

Note: enrolment limited to 40 students per section.

ACTG 4P12

Integration and Problem Solving

Problem solving which integrates the sub disciplines of accounting in the context of a wider view of organizations through the examination of a variety of applied and theoretical issues.

Lectures, discussion, 3 hours per week.

Restriction: open to BAcc majors.

Prerequisites: ACTG 3P23 and 4P34 (may be taken concurrently) or permission of the instructor.

Note: enrolment limited to 40 students per section.

ACTG 4P24

Advanced Topics in Cost and Management Accounting

Capstone course in cost and management accounting with an activity based management framework and a quality focus. Topics include strategic cost management (target costing, midrange budgeting), theory of constraints (queuing and linear programming), productivity, business process re-engineering, cost management of computer hardware and software systems.

Lectures, case discussion, 3 hours per week.

Prerequisite: ACTG 3P23 or permission of the instructor.

Note: enrolment limited to 40 students per section.

ACTG 4P34

Accounting for External Reporting IV

Theory and practice of financial statement preparation in accordance with generally accepted accounting principles emphasizing accounting for complex business organizations and not-for-profit organizations.

Lectures, discussion, 3 hours per week.

Restriction: open to BAcc majors. In Spring Session open to BAcc Co-op majors until date specified in BIRT guide. In Fall Term not open to BAcc Co-op majors without permission of the instructor.

Prerequisite: ACTG 3P33 or permission of the instructor.

Note: enrolment limited to 40 students per section.

ACTG 4P40

Tax Strategies for Planning and Decision Making

Principles of individual and corporate taxation emphasizing the effects of federal and sub federal income taxes on decision making in business.

Lectures, discussion, cases, 3 hours per week.

Restriction: open to BBA and combined Business majors with a minimum of 10.0 overall credits; not open to BAcc majors.

Prerequisite: ACTG 1P12, 2P12 or permission of the instructor.

Note: enrolment limited to 40 students per section.

ACTG 4P41

Taxation II

Computation of taxable income and taxes payable for individuals and corporations. Rights and obligations of the taxpayer. Determination of the effects of federal income taxes on decision-making.

Lectures, discussion, 3 hours per week.

Restriction: open to BAcc majors.

Prerequisite: ACTG 3P41 or permission of the instructor.

Note: enrolment limited to 40 students per section.

ACTG 4P42

Taxation III

Topics include tax implications of changes in corporate structures, corporate distributions, rollovers and shareholder/manager remuneration, trusts and partnerships.

Lectures, discussion, 3 hours per week.

Restriction: open to BAcc majors. In Spring Session open to BAcc Co-op majors until date specified in BIRT guide.

Prerequisite: ACTG 4P41 or permission of the instructor.

Note: enrolment limited to 40 students per section.

ACTG 4P61

External Auditing I

Financial statement audit including the professional and legal responsibilities of the auditor, generally accepted auditing standards, risk, materiality and the planning and execution of the audit.

Lectures, discussion, 3 hours per week.

Restriction: open to BAcc majors with a minimum of 14.5 overall credits. In Spring Session open to BAcc Co-op majors until date specified in BIRT guide. In Fall Term not open to BAcc co-op majors without permission of the instructor.

Prerequisite: ACTG 3P11 or permission of the instructor.

Note: enrolment limited to 40 students per section.

ACTG 4P62

External Auditing II

emphasis on the completion of the audit, evaluation of results, audit reports, review engagements and current topics.

Lectures, discussion, 3 hours per week.

Restriction: open to BAcc majors.

Prerequisite: ACTG 4P61 or permission of the instructor.

Note: enrolment limited to 40 students per section.

ACTG 4P91

Research Topic

Directed intensive study or research under the supervision of a faculty member in an area in which the student has shown particular competence.

Restriction: open to BAcc, BBA and combined Business majors with a minimum of 13.5 overall credits and permission of the Chair and supervising faculty member.

Note: to be chosen in consultation with the supervising faculty member.

ACTG 4V90-4V99

Topics in Accounting

Courses in specialized areas within the discipline.

Lectures, discussion, 3 hours per week.

Restriction: open to BAcc, BBA and combined Business majors.

CO-OP COURSES

ACTG 0N01

Work Placement I

First co-op work placement (4 months) with an approved employer.

Restriction: open to BAcc Co-op students.

ACTG 0N02

Work Placement II

Second co-op work placement (4 months) with an approved employer.

Restriction: open to BAcc Co-op students.

ACTG 0N03

Work Placement III

Third co-op work placement (4 months) with an approved employer.

Restriction: open to BAcc Co-op students.

ACTG 0N04

Work Placement IV

Fourth co-op work placement (4 months) with an approved employer.

Restriction: open to BAcc Co-op students.

ACTG 0N05

Work Placement V

Fifth co-op work placement (4 months) with an approved employer.

Restriction: open to BAcc Co-op students.

ACTG 0N90

Co-op Training and Development

Framework for the development of learning objectives by students for individual work terms. Includes orientation to the Co-op experience goal setting, resume preparation, interview skills preparation.

Lectures, presentation, site visits, 3 hours per week.

Restriction: open to BAcc Co-op students.

FINANCE

FNCE 2P50

Introduction to Personal Financial Planning

Financial goal setting, evaluating the financial implications of goals, preparation and analysis of personal financial statements, understanding personal credit and debt; emphasis on mortgage borrowing, investment alternatives for individuals and families, personal taxes, basic insurance products desired for family protection, financial planning in retirement, and estate planning.

Lectures, case discussions, 3 hours per week.

Restriction: not open to BAcc, BBA, BBE, BCB and combined Business majors.

Note: enrolment limited to 45 students per section.

Completion of this course will replace previous assigned grade in FNCE 2P95 and 3P95.

FNCE 2P51

Introduction to Finance

Criteria used in making investment decisions, risk concepts and the valuation of assets, a financial analysis, forecasting and leverage, the theory of interest, valuation and capital budgeting.

Lectures, discussion, 3 hours per week.

Restriction: not open to BAcc, BBA, BBE, BCB and combined Business majors.

Completion of this course will replace previous assigned grade in FNCE 2P91, 2P92 and 3P92.

FNCE 2P91

Corporate Finance I

Finance function in the private and public sectors. Techniques of financial analysis. Investment in current assets, capital budgeting, valuation, risk and return.

Lectures, discussion, 3 hours per week.

Restriction: open to BAcc, BBA, BBE, BCB and combined Business majors. In Fall Term open to BAcc, BBA Co-op, BBE and BCB majors until date specified in BIRT guide.

Prerequisites: ACTG 1P11 (minimum 60 percent), or ACTG 1P91 (minimum 60 percent); ECON 1P91 and 1P92; MATH 1P01 (1P93) or 1P98.

Note: enrolment limited to 40 students per section.

Completion of this course will replace previous assigned grade in FNCE 2P51 and 3P92.

FNCE 3P93

Corporate Finance II

Cost of capital, capital structure and dividend policy. Analysis of long and short term financing decisions. Introduction to options and futures, mergers and acquisitions.

Lectures, discussion, 3 hours per week.

Restriction: open to BAcc, BBA, BBE, BCB and combined Business majors. In Spring Session open to BAcc Co-op majors until date specified in BIRT guide. In Winter Term open to BAcc and BBA Co-op majors until date specified in the BIRT guide.

Prerequisite: FNCE 2P91 (3P92).

Note: enrolment limited to 40 students per section.

Completion of this course will replace previous assigned grade in FNCE 2P52.

FNCE 3P95

Personal Financial Planning

Tools and techniques of developing comprehensive personal financial plans. Topics include financial analysis of client goals, assessing wealth and the capacity to accomplish goals, debt management strategies, personal portfolio management, tax management strategies, risk management and insurance, financial strategies in retirement, and estate planning emphasizing wills, trusts and estate freezing.

Lectures, case discussions, 3 hours per week.

Restriction: open to BBA students approved to the finance concentration and BBE financial economics option students until date specified in BIRT guide. After that date open to BAcc, BBA, BBE, BCB and combined Business majors.

Prerequisite: FNCE 3P93 or permission of the instructor.

Note: enrolment limited to 40 students per section.

Completion of this course will replace previous assigned grade in FNCE 2P50 and 2P95.

FNCE 3P96

Financial Theory

Theoretical foundations of finance and their implications for the financial decision making of both individuals and corporations. Decisions involving the valuation of fixed assets and marketable securities under conditions of certainty and uncertainty and in the context of perfect and imperfect capital markets.

Lectures, discussion, 3 hours per week.

Prerequisite: FNCE 3P93 (minimum 60 percent) or permission of the instructor.

Note: enrolment limited to 40 students per section.

Completion of this course will replace previous assigned grade in FNCE 4P06.

FNCE 4P02

Corporate Financial Policy

Students are provided with an opportunity through case discussions to develop and apply their understanding of the material in FNCE 2P91 and 3P93 to situations encountered in a variety of business decision settings.

Seminar, case discussion, 3 hours per week.

Prerequisite: FNCE 3P96 (4P06) or permission of the instructor.

Note: enrolment limited to 30 students per section.

FNCE 4P03

Financial Analysis

(also offered as ACTG 4P03)

Lectures, case discussion, 3 hours per week.

Restriction: open to BBA students approved to the finance concentration, BAcc and BBE financial economics option students until date specified in BIRT guide. After that date, open to BAcc, BBA, BBE, BCB and combined Business majors.

Prerequisite: FNCE 3P93 or permission of the instructor.

Note: enrolment limited to 40 students per section.

FNCE 4P04

Investment Analysis and Portfolio Management

Synthesis of theoretical finance and the art of investing in Canada. Theoretical and practical valuation models for individual securities are reviewed within a framework of market efficiency, portfolio theory and capital market theory. Portfolio construction timing and performance evaluation are included.

Lectures, discussion, 3 hours per week.

Prerequisite: FNCE 3P96 (4P06) or permission of the instructor.

Note: enrolment limited to 40 students per section.

FNCE 4P05

International Finance

Overview of the international financial environment, the theoretical and practical aspects of the various international financial markets, and the impact of the international environment on the financial decision making of the individual and the firm.

Lectures, discussion, 3 hours per week.

Prerequisite: FNCE 3P93 or permission of the instructor.

Note: enrolment limited to 40 students per section.

FNCE 4P08

Management of Financial Institutions

Organizational structure and operating practices; self-regulation, government and international regulation of financial institutions; managerial aspects associated with savings, credit liquidity, assets, liabilities and capital problems, financial planning, strategy formulation and performance evaluation. Growth of financial services on a global basis.

Lectures, case discussion, 3 hours per week.

Prerequisite: FNCE 3P96 (4P06) or permission of the instructor.

Note: enrolment limited to 40 students per section.

FNCE 4P09

Portfolio Management

Utility theory and stochastic dominance, the efficient formation of portfolios in mean/variance framework under various assumptions, application of asset pricing models to portfolio management, the evaluation of portfolio performance and current topics in portfolio management. Students will employ computer software in the management of stock and fixed income portfolios.

Lectures, discussion, 3 hours per week.

Restriction: open to BBA and BBA Co-op students approved to the finance concentration and BBE financial economics option students until date specified in BIRT guide. After that date open to BAcc, BBA, BBE, BCB and combined Business majors.

Prerequisites: FNCE 4P04 and 3P96 (4P06) or permission of the instructor.

Note: enrolment limited to 40 students per section.

FNCE 4P14

Personal Financial Strategies

Advanced personal wealth management, sophisticated tax management strategies, advanced estate management including bestowing gifts through trusts and estate freezing, the use of insurance products for tax planning and business succession management, the legal and ethical considerations in personal financial planning.

Lectures, case discussion, 3 hours per week.

Prerequisite: FNCE 3P96 (4P06) or permission of the instructor.

Note: enrolment limited to 40 students per section.

FNCE 4P15

Advanced Topics in Financial Theory

Theoretical concepts from FNCE 3P96 are extended to include capital structure, dividend policy, leasing and mergers. May include computer applications of theory to empirical data.

Lectures, 3 hours per week.

Prerequisite: FNCE 3P96 (4P06).

Note: enrolment limited to 40 students per section.

FNCE 4P16

Derivatives I

Introduction to options and futures markets. Pricing principles and theory of these derivative securities as they apply to various trading and hedging strategies.

Lectures, discussion, 3 hours per week.

Prerequisite: FNCE 3P96 (4P06).

Note: enrolment limited to 40 students per section.

Completion of this course will replace previous assigned grade in FNCE 4P11 and 4P12.

FNCE 4P17

Derivatives II

Further refinements in the theory of derivative securities and its application to options and futures markets.

Lectures, discussion, 3 hours per week.

Prerequisite: FNCE 4P16.

Note: enrolment limited to 40 students per section.

Completion of this course will replace previous assigned grade in FNCE 4P11 and 4P12.

FNCE 4P18

Fixed Income Securities

Analysis of the bond markets concentrating on fixed income and fixed income derivatives markets. Risks and returns associated with investments in the markets, and on how these instruments can be optimally allocated to yield successful portfolio performance.

Lectures, 3 hours per week.

Prerequisite: FNCE 3P96 (4P06).

Note: enrolment limited to 40 students per section.

FNCE 4P91

Research Topic

Directed intensive study or research under the supervision of a faculty member in an area in which the student has shown particular competence.

Restriction: open to BAcc, BBA, BBE, BCB and combined Business majors with a minimum of 13.5 overall credits and permission of the Chair and supervising faculty.

Note: to be chosen in consultation with the supervising faculty member.

FNCE 4V90-4V99

Topics in Finance

Courses in specialized areas within the discipline.

Restriction: open to BAcc, BBA, BBE and combined Business majors.

Last updated: March 18, 2004 @ 07:49AM