This course qualifies as a prerequisite course towards the MPE

This course introduces the fundamental principles and practices of financial accounting, using the renowned Financial Accounting (8th Canadian Edition) textbook. It provides a comprehensive foundation for understanding how financial information is prepared, analyzed, and used in decision-making by investors, creditors, and managers.

Students will learn the accounting cycle from journal entries to the preparation of financial statements, with emphasis on International Financial Reporting Standards (IFRS) and Accounting Standards for Private Enterprises (ASPE) relevant in Canada.

Designed to build both technical knowledge and analytical skills, the course combines real-world Canadian examples, case studies, and interactive exercises to enhance student understanding of the business environment.

Key Topics:

• The Accounting Cycle

• Financial Statements: Balance Sheet, Income Statement, and Cash Flow Statement

• Revenue Recognition and Adjusting Entries

• Internal Controls and Cash Management

• Accounting for Receivables, Inventory, and Long-Lived Assets

• Liabilities, Equity, and Investments

• Financial Statement Analysis

Learning Outcomes:

Upon successful completion, students will be able to:

• Record and analyze business transactions using double-entry accounting

• Prepare accurate financial statements according to Canadian standards

• Interpret financial data to support strategic business decisions

• Understand the role of ethics and internal controls in financial reporting

Who Should Enrol:

• Students beginning their accounting or business studies

• Professionals seeking a refresher in foundational accounting

• International learners preparing for Canadian accounting certifications

Earn 10 CPD credit hours with this course.

This course qualifies for Tuition Tax Credit with Form T2202.

This purchase is non-refundable