Land Acknowledgement

Algonquin College campuses in Ottawa, Perth and Pembroke are located on the traditional unceded, and unsurrendered territory of the Anishinàbe Algonquin People. The Algonquin People have inhabited and cared for these lands since time immemorial. We take this time to express our gratitude and respect to them and to the land for all that it has provided and will continue to provide.

 

As a post-secondary institution, we acknowledge the harms done to Indigenous Peoples and are committed to learning from the past. We pledge to promote healing and resilience as we move forward in partnership with the Algonquin Nations, First Nations, Métis, and Inuit Peoples in a spirit of reconciliation.

 

While we recognize that territorial acknowledgements are only one step in cultivating greater respect and inclusion of Indigenous Peoples, we commit to accompanying these words with actions. We are dedicated to building a future and community that is better for all.

 

We pledge to continue exploring and making meaningful contributions to the Truth and Reconciliation Commission of Canada’s Calls to Action.


Learn more about the College's commitment to Truth and Reconciliation: https://www.algonquincollege.com/tri

Course Description

Students draw upon knowledge learned throughout the program to participate in weekly duties that simulate authentic business practices. Students integrate and apply their knowledge of fundamental accounting, accounting software tools and taxation to complete various tasks using professional business writing skills and computer software.

Vocational Learning Outcomes

This course provides the opportunity for you to achieve the following outcomes:

0214C01FWO - Business - Accounting

VLO 1 Record financial transactions in compliance with Canadian Generally Accepted Accounting Principles for sole proprietorships, partnerships, private enterprises, publicly accountable enterprises and non-profit organizations. (CP)
VLO 2 Prepare and present financial statements, reports and other documents in compliance with Canadian Generally Accepted Accounting Principles for sole proprietorships, partnerships and private enterprises. (CP)
VLO 3 Contribute to recurring decision-making by applying fundamental management accounting concepts. (CP)
VLO 8 Contribute to recurring decision-making by applying fundamental financial management concepts. (CP)
VLO 9 Identify and apply discipline-specific practices that contribute to the local and global community through social responsibility, economic commitment and environmental stewardship. (CP)

0214C07PAO - Business - Accounting

VLO 1 Record financial transactions in compliance with Canadian Generally Accepted Accounting Principles for sole proprietorships, partnerships, private enterprises, publicly accountable enterprises and non-profit organizations. (CP)
VLO 2 Prepare and present financial statements, reports and other documents in compliance with Canadian Generally Accepted Accounting Principles for sole proprietorships, partnerships and private enterprises. (CP)
VLO 3 Contribute to recurring decision-making by applying fundamental management accounting concepts. (CP)
VLO 8 Contribute to recurring decision-making by applying fundamental financial management concepts. (CP)
VLO 9 Identify and apply discipline-specific practices that contribute to the local and global community through social responsibility, economic commitment and environmental stewardship. (CP)

0214C09FAO - Business - Accounting

VLO 1 Record financial transactions in compliance with Canadian Generally Accepted Accounting Principles for sole proprietorships, partnerships, private enterprises, publicly accountable enterprises and non-profit organizations. (CP)
VLO 2 Prepare and present financial statements, reports and other documents in compliance with Canadian Generally Accepted Accounting Principles for sole proprietorships, partnerships and private enterprises. (CP)
VLO 3 Contribute to recurring decision-making by applying fundamental management accounting concepts. (CP)
VLO 8 Contribute to recurring decision-making by applying fundamental financial management concepts. (CP)
VLO 9 Identify and apply discipline-specific practices that contribute to the local and global community through social responsibility, economic commitment and environmental stewardship. (CP)
Assessment Levels —T: Taught A: Assessed CP: Culminating Performance 

Essential Employability Skills

This course contributes to your program by helping you achieve the following Essential Employability Skills:

EES 1 Communicate clearly, concisely and correctly in the written, spoken and visual form that fulfills the purpose and meets the needs of the audience. (CP)
EES 2 Respond to written, spoken or visual messages in a manner that ensures effective communication. (CP)
EES 3 Execute mathematical operations accurately. (CP)
EES 4 Apply a systematic approach to solve problems. (CP)
EES 5 Use a variety of thinking skills to anticipate and solve problems. (CP)
EES 8 Show respect for diverse opinions, values, belief systems and contributions of others. (CP)
EES 9 Interact with others in groups or teams in ways that contribute to effective working relationships and the achievement of goals. (CP)
EES 10 Manage the use of time and other resources to complete projects. (CP)
EES 11 Take responsibility for one's own actions, decisions and consequences. (CP)
Assessment Levels —T: Taught A: Assessed CP: Culminating Performance 

Course Learning Requirements / Embedded Knowledge and Skills

When you have earned credit for this course, you will have demonstrated the ability to:

1. Demonstrate the competencies required in the professional workplace.

  • Recognize skills and strengths related to career readiness.
  • Prioritize tasks to be completed in an accounting environment.
  • Operate at high level of efficiency to meet demands of the office.
  • Operate professionally in a virtual environment using online tools effectively.
  • Apply attention-to-detail skills to ensure accuracy of work.
  • Follow instructions with care to ensure intended outcomes.
  • Demonstrate independent problem solving capabilities.
  • Conduct applicable research in order to respond appropriately to requests for information.

2. Utilize professional soft skills to succeed in an accounting department or office environment.

  • Demonstrate professional behavior with peers and professor(s) at all times.
  • Apply high quality communication skills within a professional workplace environment.
  • Utilize professional writing and verbal skills to communicate with peers and professor(s).
  • Exhibit the ability to listen and read effectively in order to accurately action required tasks.

3. Complete authentic accounting related tasks similar to those one would experience in a typical business.

  • Identify financial transactions and record them in the books of a company.
  • Calculate the effect on net income and cash balances.
  • Prepare financial statements, proforma statements and other reports as required.
  • Analyze financial information and provide recommendations based on analysis.
  • Apply critical thinking skills to provide further information to address other business related issues.
  • Utilize accounting software to record transactions and prepare statements.

4. Determine which government regulations apply to different businesses.

  • Review and interpret various regulations that govern businesses in Canada.
  • Calculate and prepare remittances for payroll and sales tax liabilities due to various government departments and agencies.

5. Work effectively in teams to complete required tasks.

  • Demonstrate effective collaboration within a team in order to meet common goals and work efficiently to meet those goals.
  • Develop and apply conflict resolution skills when working in a team environment.
  • Exhibit a positive attitude and strong work ethic within the office and team setting.
  • Demonstrate effective team work in a virtual environment.

Learning Resources

Accounting software (free download) as outlined in course section information

Microsoft Office Suite (Excel, Word, PowerPoint)

Zoom Resources (https://algonquin-academic-success.libguides.com/zoom)

Other related materials will be provided to the learner via Brightspace.


To access your course list, learning resources and costs, visit Booklist.
Please note that a learner must be registered in a specific course or program to view this information.
Program tuition and fees can be found on the Tuition and Fees Estimator for Full-time Programs page.

Learning Activities

Group discussions
Problem solving
Assignments, cases and/or portfolios

Pre-defined Evaluation / Earning Credit

The following list provides evidence of this course's learning achievements and the outcomes they validate:

Assignment(s) (Pass/Fail)

Validates Outcomes:  CLR 1, CLR 2, CLR 3, CLR 4, CLR 5, EES 1, EES 2, EES 3, EES 4, EES 5, EES 8, EES 9, EES 10, EES 11

Prior Learning Assessment and Recognition

Students who wish to apply for Prior Learning Assessment and Recognition (PLAR) need to demonstrate competency at a post-secondary level in all outlined course learning requirements. Evidence of learning achievement for PLAR candidates includes:

  • Portfolio

Course Related Information

Please refer to the Course Section Information (CSI) / weekly schedule for specific course-related information as provided by your professor.
In order to receive a passing grade in this course, students must attend 75% of the classes and achieve a passing grade in certain modules. Please refer to the Course Section Information (CSI) for specific course-related information as provided by your professor.

Program Information

Department Information

School of Business Procedures

The School of Business Procedures file is located under “Course Information” in your course Brightspace site.  These procedures are specific to School of Business programs and either cover issues not included in College Policies and Directives or elaborate on them.

Student Academic Responsibilities
Each student is responsible for:
• Knowing the due dates for marked out-of-class assignments.
• Knowing the dates of in-class marked assignments and exercises.
• Maintaining a folder of all work done in the course during the semester for validation claims in cases of disagreement with faculty.
• Keeping both paper and electronic copies of all assignments, marked and unmarked, in case papers are lost or go missing;
• Regularly checking both Brightspace announcements as well as one's Algonquin e-mail account for important messages from both professor and college administration.
• Participating in on-line and classroom exercises and activities as required.
Exemptions
Exemptions may be granted to students who have successfully passed an equivalent course at a post-secondary institution. If you wish to apply for an exemption contact the coordinator of the course for academic advice.  To apply for an exemption, you must contact the Registrar’s Office before the deadline listed on your timetable.

Withdrawing From The Course
The last date for withdrawing from courses without academic penalty is printed on your timetable.  The student is responsible for notifying the instructor and completing the appropriate form for withdrawal with the College Registrar.

Software Copyright
In the past few years, the Copyright Act has been updated to cover computer software. If the police lay charges against someone infringing copyright, the maximum penalties for a
summary conviction are "a fine not exceeding $25,000 or imprisonment for a term not
exceeding six months or both." The maximum penalties for an indictable conviction are "a fine not exceeding one million dollars or imprisonment for a term not exceeding five years or both."  Making a copy of software package for your own use, other than a backup copy of package that you have purchased as allowed in your license agreement, would make you liable for the above penalties.

Harassment/Discrimination/Violence
Harassment, discrimination and violence will not be tolerated. Any form of harassment (sexual, racial, gender or disability related), discrimination (direct or indirect), or violence, whether towards a professor or amongst students, will not be tolerated on the college premises. Action taken will start with a formal warning and proceed to the full disciplinary actions as outlined in Algonquin College policy. For further information, refer to the Student Instaguide or get a copy of the official policy statements from the Student Association (Directive A8).  

Plagiarism Detection Software
"Turnitin" plagiarism detection software is in use in the School of Business. Professors may require students to submit their work for review. Scores higher than 20% are subject to review under policy AA48: Academic Integrity found at https://www.algonquincollege.com/policies/files/2021/09/AA48.pdf 

Retention of Student Work
Students are advised that original, electronic, or copied samples of their work may be retained for the purpose of program quality review by assessment panels. Unless students have otherwise granted permission, anonymity will be respected for all work retained for the purpose of quality review. Original work samples, may be retained with student agreement and will be returned.


Academic Probation or Withdrawal from Academic Program
as per College Policy AA14, which can be found at http://www3.algonquincollege.com/directives/policy/aa14-grading-system/

"A student is on academic probation when the term cumulative grade point average falls below
1.7, or when a student carries 2 or more "F" grades. A student on academic probation may
continue in the program, subject to conditions set by the Academic Administrator. In some
cases, there may be program specific progression requirements which supersede the foregoing.

The transcript message reads:
Academic Probation - Please see your Program Coordinator"

"A student on probation may be required to:
a. reduce his/her course load,
b. withdraw from full-time status within the program, or
c. withdraw completely from the program.

A student required to withdraw completely from Level 01 must reapply through the Ontario
College Application Services. A student required to withdraw from an advanced level of the program must have the approval of the Academic Administrator prior to resuming his/her studies."

College Related Information

Algonquin College’s policies have been developed to ensure the health, safety and security of all students, faculty and staff, and the proper and fair operation of the College as an academic institution and employer. Please refer to the Algonquin College Policies website for the most current policy information available at http://www.algonquincollege.com/policies/. 


Students are especially encouraged to be aware of the following College expectations 


Academic Integrity

Algonquin College is committed to the highest standards of academic integrity, and students are expected to uphold these standards as part of the learning process. Any academic work submitted by a student is expected to be their own work, unless designated otherwise and all human and technological assisted generated sources must be attributed. All students should be familiar with the Algonquin College policy AA48: Academic Integrity which outlines student’s roles and responsibilities and what represents academic misconduct. Certain testing environments and course assessments may use online proctoring to prevent academic misconduct. Additional information including student resources can be found on the Academic Integrity Office’s web site and via Academic Integrity - Student Survival Guide - Subject Guides at Algonquin College (libguides.com). Students with any questions about the course expectations regarding academic integrity are encouraged to speak to their professor and the College’s Academic Integrity Office team at aio@algonquincollege.com.


Centre for Accessible Learning (CAL)

Students with visible and/or non-visible disabilities are encouraged to register with the Centre for Accessible Learning (CAL) in order to be eligible for appropriate learning supports and/or accommodations. Students are strongly encouraged to make an appointment with the Centre for Accessible Learning as early as possible when starting a program. Once your needs are identified, a Letter of Accommodation (LOA) will be issued which you can share with your professors through the CAL Student Portal. If you are a returning student, please ensure that professors are given a copy of your LOA each semester. 

 

Test Accommodations for Students Registered with CAL

Students who require testing accommodations will book their tests/exams through the CAL Student Portal. It is important to note the posted test/exam booking deadlines for the term. Test booking deadlines are communicated through CAL Disabilities Counsellors, CAL Testing Services, and other college wide communication. Additional information on the steps to book accommodated tests/exams with CAL Test Services can be found at Step-by-Step Overview.

 

Retroactive Accommodations 

Students are expected to meet evaluation and completion deadlines as stated in course outline and weekly schedule documents. In circumstances where evaluation deadlines are missed or student performance has been affected by a temporary, significant and/or unanticipated change in functional ability related to disability (including mental health), interim or retroactive accommodations may be considered. For these instances it is advised you reach out to CAL or your professors as soon as possible. For other situations where deferral of evaluations may be warranted, please consult Algonquin College Policy AA21: Deferred Evaluation. 


Network Credentials and College Email 

Students at Algonquin College are provided with a college email account. This is the address that will be used when the College, your professors, or your fellow students communicate important information about your program or course activities. Your network credentials can be found in the ACSIS portal and you are expected to check your Algonquin email regularly and to use it to send and receive college-related email. Students are required to maintain the privacy of their AC login credentials. Sharing network credentials poses a security risk and is subject to disciplinary action. Your responsibility to protect your login credentials is governed by the Information Security Policy IT01. Support is available through the college Information Technology Service (ITS) at: https://www.algonquincollege.com/its/ 


Mental Health and Wellness Supports

Canada has launched a national Suicide Helpline at www.988.ca and a wide range of mental health and wellness resources for Algonquin students are available at www.algonquincollege.com/SSS/student-health-wellness. 


Student Course Feedback 

Algonquin College’s invites students to share their course experience by completing a student course feedback survey for each course they take. For further details consult Algonquin College Policy AA25: Student Course Feedback. 


Use of Mobile Devices in Class

With the proliferation of small, personal mobile devices used for communications and data storage, Algonquin College believes there is a need to address their use during classes and examinations. During classes, the use of such devices unless authorized by your professor can be disruptive and disrespectful to others. During examinations, the use of such devices is generally prohibited unless authorized by your professor. Otherwise use is considered academic dishonesty in the form of cheating. For further details consult Algonquin College Policy AA32: Use of Electronic Devices in Class 


Technology Requirements 

Students are required to have access to a computer and to the internet. There may also be additional technology-related resources required to participate in a course that are not included in the course materials fee, such as headphones, webcams, specialized software, etc. Details on these requirements can be found in the Weekly Schedule document of the course for each course available on Brightspace. 


Transfer of Credit 

It is the student’s responsibility to retain course outlines for possible future use to support applications for transfer of credit to other educational institutions. 


Safe Harbour 

In the event of an unexpected major event (pandemic, etc.), your course may have changes that are not reflected in the Course Outline. Should this happen, the Weekly Schedule document will have updated information about your course.