COURSE OUTLINE

TERM: Fall 2020 COURSE NO: BFIN 141

INSTRUCTOR: COURSE TITLE: Introductory Accounting 1
OFFICE: LOCAL: SECTION NO(S): CREDITS: 3.0
E-MAIL: @capilanou.ca
OFFICE HOURS:
COURSE WEBSITE:

Capilano University acknowledges with respect the Lil’wat, Musqueam, Squamish, Sechelt, and Tsleil-
Waututh people on whose territories our campuses are located.

COURSE PREREQUISITES/CO-REQUISITES None

COURSE FORMAT
Three hours of class time, plus an additional hour delivered through on-line or other activities for a
15-week semester, which includes two weeks for final exams. May be delivered online or mixed
mode.

CALENDAR DESCRIPTION
This course is an introduction to financial accounting concepts and business principles. Students will
analyze and record business transactions and create financial statements, and they will be exposed to
a broad range of topics including business organizations, asset management, liability reporting and
financial statement analysis. We recommend that students with weak math skills take BADM 102
(Quantitative Methods) before, or in conjunction with BFIN 141. (CPA transferable with BFIN 142).

COURSE NOTE
BFIN 141 is an approved Quantitative/Analytical course for baccalaureate degrees.
BFIN 141 is an approved Numeracy course for Cap Core requirements.

REQUIRED TEXTS AND RESOURCES

Larson, Kermit D., Dieckmann, Heidi, (2019). Fundamental Accounting Principles, Volume 1, (16th
Canadian Ed.). Canada: McGraw Hill Ryerson. (Or similar).

Connect: Students must have Connect for assignments, additional practice problems and other
resource materials. Connect includes the full E-textbook.
BFIN 141 Outline Page 2

COURSE STUDENT LEARNING OUTCOMES

On successful completion of this course, students will be able to do the following:

1. Describe the nature and purpose of accounting information including its’ limitations and
basic concepts.

2. Apply generally accepted accounting principles in the analysis and recording of business
transactions.

3. Classify, record, and summarize business transactions as they relate to service and
merchandising operations, including inventory and receivables.

4. Prepare adjusting and closing entries and classified financial statements.

5. Account for the various classifications of assets and liabilities of a business.

Students who complete this Numeracy course will be able to do the following:
1. Apply both analytical and numerical skills to solve problems.

2. Summarize and analyze data in quantitative forms.

3. Interpret and draw conclusions from an analysis of quantitative data.

4. Represent quantitative information in a variety of forms (e.g. symbolically, visually,

numerically, and verbally).

5. Incorporate quantitative evidence in support of an argument.

BFIN 141 Outline Page 3

COURSE CONTENT

Week TOPICS

Introduction
1&2  The accounting environment
 The accounting equation and financial statements

The Accounting Cycle

 Analyze, record and post financial transactions
3&4
 Adjusting and closing entries
 Trial Balances and the classified balance sheet
 Liquidity ratios

Review
5
Term Test #1

Cash and Banking

6  Fundamental principles of internal control
 Bank Reconciliations

Receivables
 Uncollectable accounts
7-8
 Short-Term Notes Receivable
 Receivables ratios

Merchandise Inventory

8-9  Describe the perpetual and periodic inventory systems.

 Merchandising costing, transactions and financial statements using the perpetual method.
 Gross margin and inventory ratios

Review
10 Term Test #2

Property, Plant & Equipment and calculate their cost.

11  Costing
 Depreciation
Current liabilities.
12  Current Notes Payable.
 Payroll liabilities.
Final Exam Review
13

14 & 15 Final Exam Period

BFIN 141 Outline Page 4

EVALUATION PROFILE

Assessment % of Final
Assignments 15%
Term Test #1 25%
Term Test #2 25%
Final Exam (Comprehensive) 35%
Total 100%

GRADING PROFILE

A+ = 90-100 B+ = 77-79 C+ = 67-69 D = 50-59

A = 85-89 B = 73-76 C = 63-66 F = 0-49
A- = 80-84 B- = 70-72 C- = 60-62

Incomplete Grades
Grades of Incomplete “I” are assigned only in exceptional circumstances when a student requests
extra time to complete their coursework. Such agreements are made only at the request of the
student, who is responsible to determine from the instructor the outstanding requirements of the
course.

Late Assignments
Assignments are due at the date and time stated. If you anticipate any challenges with assignment
dates, please consult with your instructor beforehand .

Missed Exams/Quizzes/Labs
Missed exams or quizzes will receive a grade of "0" unless prior arrangements (wherever possible) are
made with the instructor. Permission to make up an exam will only be given in extraordinary
situations such as illness of the student or the death of a close family member. A doctor’s certificate,
or other proof supporting the reason for the absence, will be required.

Attendance
Regular attendance and punctuality are both essential and expected due to the nature and format of
the course materials.
BFIN 141 Outline Page 5

English Usage
All assignments are marked for correct English usage, proofreading and formatting.

Electronic Devices
Please note the use of programmable items such as calculators, dictionaries etc. is forbidden during
tests, quizzes, and exams. Cell phones are not to be brought to any test, quiz, or exam.

On-line Communication
Outside of the classroom, instructors will (if necessary) communicate with students using either their
official Capilano University email or eLearn; please check both regularly. Official communication
between Capilano University and students is delivered to students’ Capilano University email
addresses only.

UNIVERSITY OPERATIONAL DETAILS

Tools for Success

Many services are available to support student success for Capilano University students. A central
navigation point for all services can be found at: http://www.capilanou.ca/services/

Capilano University Security: download the CapU Mobile Safety App

Policy Statement (S2009-06)

Capilano University has policies on Academic Appeals (including appeal of final grade), Student
Conduct, Academic Integrity, Academic Probation and other educational issues. These and other
policies are available on the University website.

Academic Integrity (S2017-05)

Any instance of academic dishonesty or breach of the standards of academic integrity is serious and
students will be held accountable for their actions, whether acting alone or in a group. See policy
S2017-05 for more information: http://www.capilanou.ca/about/governance/policies/Policies/

Violations of academic integrity, including dishonesty in assignments, examinations, or other

academic performances, are prohibited and will be handled in accordance with the Student Academic
Integrity Procedures.
BFIN 141 Outline Page 6

Academic dishonesty is any act that breaches one or more of the principles of academic integrity.
Acts of academic dishonesty may include but are not limited to the following types:

Cheating: Using or providing unauthorized aids, assistance or materials while preparing or

completing assessments, or when completing practical work (in clinical, practicum, or lab
settings), including but not limited to the following:
 Copying or attempting to copy the work of another during an assessment;
 Communicating work to another student during an examination;
 Using unauthorized aids, notes, or electronic devices or means during an examination;
 Unauthorized possession of an assessment or answer key; and/or,
 Submitting of a substantially similar assessment by two or more students, except in the
case where such submission is specifically authorized by the instructor.

Fraud: Creation or use of falsified documents.

Misuse or misrepresentation of sources: Presenting source material in such a way as to distort its
original purpose or implication(s); misattributing words, ideas, etc. to someone other than the
original source; misrepresenting or manipulating research findings or data; and/or suppressing
aspects of findings or data in order to present conclusions in a light other than the research, taken
as a whole, would support.

Plagiarism: Presenting or submitting, as one’s own work, the research, words, ideas, artistic
imagery, arguments, calculations, illustrations, or diagrams of another person or persons without
explicit or accurate citation or credit.

Self-Plagiarism: Submitting one’s own work for credit in more than one course without the
permission of the instructors, or re-submitting work, in whole or in part, for which credit has
already been granted without permission of the instructors.

Prohibited Conduct: The following are examples of other conduct specifically prohibited:
 Taking unauthorized possession of the work of another student (for example, intercepting
and removing such work from a photocopier or printer, or collecting the graded work of
another student from a stack of papers);
 Falsifying one’s own and/or other students’ attendance in a course;
 Impersonating or allowing the impersonation of an individual;
 Modifying a graded assessment then submitting it for re-grading; or,
 Assisting or attempting to assist another person to commit any breach of academic
integrity.
BFIN 141 Outline Page 7

Sexual Violence and Misconduct

All Members of the University Community have the right to work, teach and study in an environment
that is free from all forms of sexual violence and misconduct. Policy B401 defines sexual assault as
follows:

Sexual assault is any form of sexual contact that occurs without ongoing and freely given
consent, including the threat of sexual contact without consent. Sexual assault can be
committed by a stranger, someone known to the survivor or an intimate partner.

Safety and security at the University are a priority and any form of sexual violence and misconduct
will not be tolerated or condoned. The University expects all Students and Members of the University
Community to abide by all laws and University policies, including B.401 Sexual Violence and
Misconduct Policy and B.401.1 Sexual Violence and Misconduct Procedure.

Emergencies: Students are expected to familiarise themselves with the emergency policies where
appropriate and the emergency procedures posted on the wall of the classroom.