Automotive Managerial Accounting (APSM 2201)

This course introduces students to the basic terminology, concepts and principles of accounting according to the International Financial Reporting Standards (IFRS). Students work though the full accounting cycle.
Course code: APSM 2201
Credits: 3.0
Length: 45.0 hours
Course outline: view https://www.vcc.ca/vccphp/courseoutline?subject=APSM&number=2201
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Additional Information

  • Basic concepts of accounting
    Analyzing transactions, accounting equation
    Preparation of financial statements
    Preparation of general journals, T-Accounts, account ledgers, trial balance
    Adjustments, preparation of an adjusted trial balance
    Fixed assets, receivables, payables
    Horizontal and vertical analysis, ratio analysis
    Accounting for merchandising operations in business
    Cash management and cash flow statement
    Accounting for equity

Methods of assessment may include a challenge exam, submission of a product or portfolio for review, or a practical demonstration. Please contact the Department for details.

This course is offered as part of a VCC program only.

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† This information is intended as a guideline only. Program and course details are subject to change with the approval of VCC's Board of Governors.