Financial Accounting

Code: BMBA140
Apply this course towards: Business Administration – Certificate, Business Administration – Diploma, Business Finance, Data Analytics for Management Science

Course description

This course introduces the fundamental principles and practices of financial accounting, with a focus on how financial information supports effective business decision-making. You will learn and develop skills in the accounting cycle, including analyzing transactions, recording journal entries, and preparing financial statements.

The course covers key accounting areas including:

  • cash
  • accounts receivable
  • inventory
  • capital assets
  • liabilities
  • equity
  • payroll
  • sales taxes

These concepts are applied to help ensure accurate financial reporting and support organizational decision-making in small- to medium-sized businesses.

In this course, you will develop the ability to interpret financial information and apply accounting principles to real-world business scenarios through problem-solving activities and simulations.

Learning objectives

  • Explain the role of financial accounting and how it supports organizational decision-making through the preparation and communication of financial information
  • Record and organize financial transactions using the double-entry system and apply the steps of the accounting cycle to produce reliable financial data
  • Prepare and present financial statements that reflect an organization’s financial performance and position
  • Apply accounting principles and methods to key business activities, including cash, accounts receivable, inventory, capital assets, liabilities, equity, payroll, and sales tax
  • Analyze and interpret financial information using basic analytical tools to support business decisions
  • Apply ethical practices and internal control principles to ensure the accuracy, reliability, and responsible use of financial information.

View sample course outline (PDF).

Registration details

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Info you should know:

Continuing Studies statement on use of educational technology

Students may be required to have a NetLink ID for all online courses, as well as many campus resources. This course may require the use of education technology such as internet-based applications, cloud services, or social media. In order to complete this course you will be required to either consent to the disclosure of your personal information outside of Canada to enable use of these technologies, or work with the Division of Continuing Studies to explore other privacy protective options (such as using an alias or nickname).