Financial Accounting (MGMT 1007)

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 and prepare, analyze, and interpret financial statements.
Course code: MGMT 1007
Credits: 3.0
Length: 45.0 hours
Course outline: view https://www.vcc.ca/vccphp/courseoutline?subject=MGMT&number=1007

Schedule †

MGMT 1007 schedule for programs:

Course dates and times may vary throughout the term. Select the CRN number below to see a full schedule.
CRN # Dates Day/Time/Location Instructor
40817January 6, 2025
to April 17, 2025		  See full schedule
  Delivery: In Person
  Location: VCC Downtown Campus		Elmarashly, Iman

Additional Information

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

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.