ACCT 103

Introduction to Accounting Principles (4,0,0) 3 credits

This course provides students with an introduction to the elements of financial and management accounting required in a small business setting. Topics include: the accounting cycle; accounting for assets including cash, accounts receivable, inventory, and property, plant, and equipment; accounting for liabilities including accounts payable and bank lending; sales taxes including PST and GST; payroll accounting; cost-volume profit analysis; budgeting; and financial statement analysis including ratio analysis and analyzing cash flow statements.

Prerequisite: Admission to the Adventure Guide Diploma or Aboriginal Tourism Certificate

Note: Students will not receive credit for both ACCT 100 and ACCT 103