Accounting/Finance

Highly Respected Skills.

Capable accounting and finance professionals are highly respected in the global business world and are in high demand. We give you a solid financial understanding and management background to secure your career potential in this high-paying and diverse field.

Our Accounting and Finance concentration allows you to start working right away or receive advance credit towards earning your Chartered Professional Accountant (CPA), or other professional designations.

This concentration provides students with a solid background in the financial structure of business. Students develop skills in such areas as: financial and managerial accounting, systems analysis and design, auditing, taxation, and computer systems.

Career Opportunities

Our comprehensive course offerings train you to be successful in a variety of respected careers, such as:

Management accounting
Taxation
Auditing
Purchasing
Financial planning
Business analyst
Financial accounting
Bookkeeping

Achieve your Accounting/Finance diploma with the successful completion of all 60 credits from the list below with a cumulative GPA of 2.0 or higher.

Course of Studies

Course	Name	Credit
ADMN 170	Introduction to Business	3
ADMN 181	Marketing	3
ADMN 250	Management Accounting	3
ADMN 251	Intermediate Accounting I	3
ADMN 252	Financial Management	3
ADMN 253	Principles of Income Tax I	3
ADMN 254	Intermediate Accounting II	3
ADMN 255	Corporate Finance	3
ADMN 257	Income Tax II	3
ADMN 269	Information Systems	3
ADMN 272	Commercial Law	3
ADMN 297	Entrepreneurship	3
BUS ELECT	TWC 164 or ENGL 110	3
COMM 240	Financial Accounting I	3
COMM 241	Financial Accounting II	3
ECON 106	Principles of Macroeconomics	3
ECON 107	Principles of Microeconomics	3
MATH 125	Business Mathematics	3
STAT 105	Introduction to Statistics	3
TWC 165	Business Communications II	3
Total		60

Course Descriptions

ADMN 170 - Introduction to Business

ADMN 170: Introduction to Business is a course that introduces students to the management and operation of business, including the principles, concepts, ideas and tools used by managers. In addition, the course exposes students to international and local business issues, and to large companies as well as to smaller, entrepreneurial firms. This course also provides an introduction to career exploration and preparation.

Prerequisites: Program admission requirements.

ADMN 181 - Marketing

ADMN 181: Marketing introduces students to basic concepts and principles of marketing. Topics include Canadian entrepreneurship, small business management, evaluation of business opportunities, and marketing management. Market planning will be emphasized as well as practical decision making in regards to evaluating the business environment, market segmentation, market research, and strategy choices. The marketing mix or product, price, place of distribution, and promotion will be discussed in depth.

Prerequisites: ADMN 170 with a 60% minimum grade.

ADMN 250 - Management Accounting

ADMN 250: Management Accounting is an introduction to management accounting concepts and methods. Main topic areas include: job order and process costing, budgeting and responsibility accounting, identification of costs relevant to price, product, and replacement decisions, cost/volume/profit relationships, cost control through flexible budgets, standard costs, and variance analysis.

Prerequisites: COMM 241 with a 60% minimum grade.

ADMN 251 - Intermediate Accounting I

ADMN 251: Intermediate Accounting I is the first part of a two-semester course dealing with theory and concepts as applied to financial reporting. Valuation and cost allocation problems applying to cash, receivables, inventories and investments, property, plant and equipment and tangible assets are an integral part of this course.

Prerequisites: COMM 241 with a 64% minimum grade.

ADMN 252 - Financial Management

ADMN 252: Financial Management course examines the role of finance and the tools and environment of financial decision making. Topics include: time value of money, foundations for valuation, financial analysis and planning, management of current assets and liabilities, capital budgeting, risk and return, and personal finance. Together with ADMN 255 this course will enable the student to acquire the needed skills and knowledge to analyze common corporate financial decisions. These two courses will also provide a basis for further advanced studies.

Prerequisites: COMM 241 wth a 60% minimum grade.

ADMN 253 - Principles of Income Tax I

ADMN 253: Principles of Income Tax I studies the nature and structure of the Income Tax Act, as it applies to individuals. Topics include determination of net income for tax purposes, taxable income and income taxes payable. Income from employment, business, property, capital gains and miscellaneous sources are included.

Prerequisites: COMM 241 with a 60% minimum grade.

ADMN 254 - Intermediate Accounting II

ADMN 254: Intermediate Accounting II deals with theory and concepts as applied to financial reporting. Topics include valuation and cost allocation problems applying to liabilities, leases and pensions, accounting for owner’s equity, partners' capital and shareholders' equity, future income tax benefits and liabilities, and full disclosure on financial reports.

Prerequisites: ADMN 251 with a 60% minimum grade.

ADMN 255 - Corporate Finance

ADMN 255: Corporate Finance introduces you to finance concepts and provides you with essential knowledge of various tools used in corporate finance. You will examine the corporate financial environment and its impact on decision-making, introductory finance concepts (including the time value of money, investing and risk management) and distribution of earnings. In addition, you will look at capital budgeting techniques and short-, medium- and long-term financing decisions* (adapted from CPA).

Prerequisites: ADMN 252 with a 60% minimum grade.

ADMN 257 - Income Tax II

ADMN 257: Income Tax II provides a study of the nature and structure of the Income Tax Act, as it applies to corporations, partnerships, deceased taxpayers, trusts and non-residents, with the focus on corporate taxation. A corporate tax return and relevant schedules are prepared to determine net income for tax purposes, taxable income and income taxes payable. The sale of an incorporated business, tax planning techniques and special topics are included.

Prerequisites: ADMN 253 with a 60% minimum grade.

ADMN 269 - Information Systems

ADMN 269: Information Systems is an introductory course that covers the use of computer-based information systems in management and accounting. After completing this course, students will have the knowledge required to make informed decisions about the applications of information technology.

Prerequisites: COMM 241 with a 60% minimum grade.

ADMN 272 - Commercial Law

ADMN 272: Commercial Law is an introduction to law as it applies to business. The development of the courts and the machinery of justice will be outlined. A study will then be made of torts and negligence, and of contracts including their formation, interpretation, breach, assignment and discharge. Methods of carrying on business such as employer/employee, proprietorship, partnership, agency and incorporation will be introduced and compared.

Prerequisites: ADMN 170 or equivalent with a 60% minimum grade, or admission into Year 2 of the Law and Justice Studies program.

ADMN 297 - Entrepreneurship

ADMN 297: Entrepreneurship examines the process of researching and developing a business plan. A business plan provides a comprehensive framework for a firm’s marketing, financing and operational activities. Students will research and develop a business plan to assess the viability of a proposed business venture. Students will also learn to critically assess the viability of a business plan through completing a due diligence process.

Prerequisites: ADMN 181, ADMN 250, TWC 165 with a 60% minimum grade in each course.

BUS ELECT - TWC 164 or ENGL 110

Either TWC 164: Business Communications I or ENGL 110: College Composition are required to graduate.

Typically, TWC 164 is the preferred course to take. However, for some, taking ENGL 110 may make more sense depending on when and where you may want to transfer after completing your diploma at Selkirk. Please contact our Program Advisor for more details.

COMM 240 - Financial Accounting I

COMM 240: Financial Accounting I covers accounting from the basic accounting equation to the preparation of the income statement, statement of owners’ equity, and balance sheet. This course covers merchandise operations, valuation and control of cash, temporary investments and receivables, inventories and cost of goods sold, principles of internal control, and accounting for payroll liabilities. Important accounting principles and concepts are included, as well as the classification of accounts, and the use of special journals and worksheets.

Prerequisites: Accepted to the Business Administration Program

COMM 241 - Financial Accounting II

COMM 241: Financial Accounting II is the second financial accounting course that reviews and enlarges upon concepts and principles, their application to, and affect upon, financial statements. Topics include capital assets and intangible assets, current and long-term liabilities, partnership accounting, accounting for corporate transactions, notes and bonds payable, the cash flow statement, and financial statement analysis.

Prerequisites: COMM 240 and ADMN 170 with a 60% minimum grade in each course.

ECON 106 - Principles of Macroeconomics

ECON 106: Principles of Macroeconomics covers topics including: national income accounts, national income determination model, monetary system, monetary and fiscal policy, problems with the Macro System, inflation, unemployment, etc.; international trade - balance of payments, exchange rates, capital flows.

Prerequisites: ENGL 12 or equivalent with a grade of "C" or better.

ECON 107 - Principles of Microeconomics

ECON 107: Principles of Microeconomics is usually taken following ECON 106: Principles of Macroeconomics. Topics covered include: supply and demand - price supports, the agricultural problem, value theory, theory of the firm - competition, pollution, industrial organization - monopoly, public utilities, advertising, income distribution - labour unions, productivity.

Prerequisites: ENGL 12 or equivalent with a grade of "C" or better.

MATH 125 - Business Mathematics

MATH 125: Business Mathematics is intended for first year students enrolled in the Business Administration program. It stresses the mathematics required in financial processes. The course starts with a review of basic arithmetic and algebra. With these skills the student will solve several practical business problems. Topics include (but are not limited to) ratio and proportion, merchandising, break-even analysis, simple interest and promissory notes, compound interest and effective rates, simple and general annuities, annuities due and deferred annuities, amortization of loans and payment schedules, sinking funds and investment decision analysis.

Prerequisites: Math 11 at any level or equivalent with grade of C or higher.

STAT 105 - Introduction to Statistics

STAT 105: Introduction to Statistics is intended for social, environmental science and business students and others who would benefit from a one-term statistics course. General themes include descriptive statistics, probability, probability and sample distributions, confidence intervals and hypothesis testing.

Prerequisites: Foundations of Math 11 or Pre-calculus 11 or equivalent, with a grade of "C+" or better.

TWC 165 - Business Communications II

TWC 165: Business Communications II focuses on developing oral presentation skills by practice and application. Students will develop these skills by planning and delivering speeches, pitches, interviews, and informative reports created through a rigorous research and pre-writing process.

Prerequisites: ENGL 110 or TWC 164 with a 60% minimum grade in either course.

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