PrintAccounting Program Course Descriptions
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570-819/419 Marketing (3 units)
In this course students will learn how the functions and concepts of marketing are applied in today's business environment. This course introduces students to a study of the marketplace, market and product planning, pricing strategies, brand equity, distribution, and promotion. Learning experiences will incorporate lecture, discussion, and case study methodology.
570-825/424 Business Administration I (3 units)
This course is organized into four sections: Business & Economic Systems, Management Functions, Business Functions, and Business and the Environment. Through lectures and interactive case discussions, this course helps students to gain an understanding of the basic concepts associated with human resources management, marketing, production, financial management and general business administration in the Canadian context. Emphasis will be placed on the importance of timely planning and on the concept of an organization as an open system continually interacting with its environment and the need for congruency between the various components.
570-925/425 Introductory Financial Accounting (3 units)
This course explores the basic principles and techniques underlying the financial statements typically issued to the general public. Generally accepted accounting principles, the accounting transaction cycle, the financial statements and the specific items which make up the balance sheet are examined.
Pre-requisites: 570-830 Basic Bookkeeping, equivalent or knowledge of bookkeeping is highly recommended. Internet access required.
570-928/428 Introductory Management Accounting (3 units)
This course introduces managerial and cost accounting issues, and provides a framework for approaching contemporary cost problems. Both the technical and conceptual aspects of cost accumulation, allocation and the choice of the appropriate cost technique for specific requirements will be examined.
Pre-requisites: 570-925/425 or equivalent. Internet access required.
570-929/429 Intermediate Management Accounting (3 units)
This course builds on the concepts of cost accumulation and allocation introduced in Introductory Management Accounting, with an emphasis on planning and control. Cost-volume-profit analysis under certainty and uncertainty are examined and fundamentals of capital budgeting are introduced.
Pre-requisites: 570-928/428 and 570-925/425 or equivalencies. Internet access required.
570-920/420 Effective Communication (3 units)
Gain the knowledge and skills associated with clearly receiving, transmitting and communicating information within the business environment.
570-816 Operations Management Techniques (3 units)
This course introduces the students to operations management concepts, models and techniques that have broad areas of application. The course covers forecasting, capacity planning, inventory control, project management, transportation cost analysis, quality control, and problem solving techniques. Emphasis is on the quality of products and services as the primary competitive strategy in the global marketplace.
570-818 Economics (3 units)
This course is designed to provide students with a fundamental understanding of economics. Through a combination of lectures, discussions and short presentations, students will learn the basic principles of microeconomics and macroeconomics. There is no Prerequisite for this course however some knowledge of graphs and equations is required.
570-821 Organizational Behaviour (3 units)
The objective of this course is to provide a conceptual and empirical understanding of the structure and function of human behaviour in organizations. Students will study the behavioural influences which affect productivity, organizational effectiveness and efficiency. Topics to be discussed include perception, job and organizational design, decision-making and leadership. Individual and group exercises and the analysis of case material will be used to enhance a practical understanding of theoretical concepts.
570-829 Preparatory Mathematics (1.5 units)
This hybrid course is intended to provide students with a thorough review and improved understanding of the fundamental mathematical concepts, theory and applications that are necessary for various CCE diploma and certificate programs. Through the use of a combination of self-guided on-line reading, discussions, exercises and quizzes that are coupled with in-class tutorials and a final exam, students will learn some of the basic principles and skills commonly associated with a senior high school level understanding of mathematics. There is no prerequisite for this course but a working familiarity with and access to the Internet and a web browser are necessary.
570-830 Basic Bookkeeping (1.5 units)
This distance course is intended to provide students with a thorough review and improved understanding of the fundamental bookkeeping concepts, theory and applications that are necessary for various CCE diploma and certificate programs. Students will learn some of the basic principles and skills commonly associated with a senior high school level understanding of bookkeeping. Internet access required.
570-855 Business Statistics (3 units)
This course will provide students with a general understanding of statistical techniques commonly used in solving business problems and undertaking market research. Topics include frequency distributions, measures of central tendency and dispersion, probability theory, sampling distributions, estimations of means and proportions, simple regression and correlation, time series and index numbers.
570-926/426 Intermediate Financial Accounting I (3 units)
This course covers the reporting environment, accounting process, and asset valuation issues. Special topics include accounting for changes, errors and prior period adjustments. While the course is concerned primarily with the theory underlying the material covered, it also considers the applications of this theory to current reporting requirements. Upon completion, students should be able to report on assets identified by GAAP, and apply consistent treatments to items not specifically addressed by GAAP.
Pre-requisites: 570-925/425 or equivalent. Internet access required.
570-927/417 Intermediate Financial Accounting II (3 units)
This course covers the identification and accounting treatment of liabilities and shareholders equity. The major focus in the liabilities area will be the time value of money and how it applies to the valuation of bonds, leases and pensions. Special topics include: the statement of changes in financial position, the source and nature of capital items and the computation of earnings. Internet access required.
570-928/428 and 570-926/426 or equivalencies. Internet access required.
570-930 Advanced Management Accounting (3 units)
This course emphasizes higher order and the requirements for controls and decisions. Building on the cost accumulation and control models presented in Introductory and Intermediate Management Accounting, studies center on how accounting systems and accounting information are structured for managerial planning, decision-making and performance evaluation.
Pre-requisites: 570-929/429 or equivalencies.
570-931/431 Auditing (3 units)
This course explores the procedures involved in conducting audits of internal corporate functions and services. Emphasis is placed on the nature of the audit, evidence gathering, internal control and statistical sampling. Distinctions between the traditional external audit and the internal operational audit are examined.
Pre-requisites: 570-927/417 and 570-928/428 or equivalencies. Internet access required.
570-932/432 Management Information Systems (3 units)
This course will introduce students to the concepts of system analysis, design and implementations, with reference to the relationship between system management and organizational development. Topics to be covered include: the technology, analysis, systems evaluation and applications of an accounting information system (AIS), AIS and organizational decision-making, systems design and monitoring, control types of an AIS and marketing/purchasing applications.
570-933/433 Financial Management (3 units)
This course introduces the accountant to the techniques and applications of finance necessary for sound asset and equity management. Particular emphasis is placed on working capital levels, capital structure and distribution of profits. Short and long term financing instruments are described and the cost of capital, as it applies to investment decisions as well as financial issues, is examined. Some issues are: portfolio theory, capital asset pricing model (CAPM), agency theory, and option pricing.
Pre-requisites: 570-927/417 and 570-929/429 and exposure to introductory economics and business statistics or equivalencies.
570-934/434 Advanced Financial Accounting (3 units)
This course is a continuation of Intermediate Accounting I and II. It offers an appreciation of the objectives and limitations of the financial reporting process. Special topics include: accounting methods and recording procedures during takeovers, accounting for business combination subsequent to the date of acquisition, accounting for intracompany transactions and accounting for non-profit organizations.
Pre-requisites: 570-926/426 or equivalent. Internet access required.
570-936 Business Law (3 units)
This course highlights legal topics that accountants and general business managers might encounter. Contract law, agency and the law of torts are examined in order to recognize where legal problems exist and what avenues are open to resolve them.
570-937/437 Taxation I (3 units)
This course examines the theory and application of the Income Tax Act as it relates to both individuals and corporations.
Pre-requisites: 570-927/417 and 570-928/428 or equivalencies. Internet access required.
570-938/438 Taxation II (3 units)
This course continues the examination of the theory and application of the Income Tax Act, particularly as it relates to corporations.
Pre-requisites: 570-937 or equivalent. Internet access required.
570-939 Accounting Theory (3.0 units)
Accounting Theory is the study of the concepts, principles and issues that underlie the discipline of accounting, along with the implications of the practical application of such. The course will detail present accounting models and explore the standard setting process, as well as the economic and political issues surrounding accounting decisions.
Contributions of other disciplines, such as economics and finance, are examined in relation to accounting.
Pre-requisites: 570-928/428 and 570-927/417 or equivalents. Internet access required.
610-852 Business Administration II: Strategic Management (3 units)
Through extensive use of case analysis and discussions this course provides practical training in establishing goals and objectives for organizations and in formulating business strategies and plans. Particular emphasis will be placed on the process for developing business strategies, including the identification of various stakeholders and the need for congruency among such functions as human resources, labour relations, marketing, production, finance, sales, and research and development. Students will be encouraged to use and develop their creativity through experiential learning and case analysis.
The McMaster Accounting Diploma and the McMaster Certificate in Advanced Accounting prepare aspiring accountants or other finance professionals for an accounting career in Canada or a Canadian accounting designation such as a CGA, CPA or CMA. This program is offered in-class and online.