Business Administration - Accounting

The question of how individuals and firms use their scarce resources to attain economic goals is examined. The central problem of scarcity is introduced. A brief study of how different economic systems try to solve this problem is undertaken. The market system is investigated: how supply, demand and price determine what and how much is produced. Elasticity of demand is examined in the context of effectively setting prices for different products. How business firms make decisions and conduct themselves in the marketplace is examined. Price and output termination for firms in pure competition, monopoly, monopolistic competition, and oligopoly is studied using theory and case studies. The economic functions of government in a "mixed" capitalistic system are examined. Applications to current events, such as environmental economics are discussed wherever appropriate. [hide detail]

This course introduces students to the basic principles of the accounting cycle including journal entries, adjusting entries, closing entries, trial balance, income statement, statement of owner#s equity and balance sheet. The course continues to build on these topics by introducing students to the accounting for merchandise operations, cash balances, and capital assets as well as current and long-term assets and liabilities. Accounting for corporations and the statement of cash flows is also examined. Generally accepted accounting principles are discussed throughout the course, as they relate to the specific subject areas. As a final integration, the students will study the analysis of financial statements. [hide detail]

The overall health of the economy, as measured by gross domestic product, unemployment rates, inflation rates, interest rates, the balance of payments and exchange rates is the prime focus of this course. Keynesian and monetarist theories of income and employment are used as a framework for analyzing government monetary and fiscal policies. The role of the Bank of Canada and the chartered banks in determining the money supply and interest rates is described. Current debates relating to the public debt and supply side economics are evaluated. International economic issues including free trade and the balance of payments are also examined. Wherever appropriate, current events are introduced and topics are reinforced and enhanced through computer applications. Prerequisite: JRSB110 (Econ186). [hide detail]

An introduction to accounting techniques used by managerial decision-makers. After studying cost behavior, students will learn how to apply cost-volume-profit analysis, performance evaluation, pricing methods, budgeting, and relevant cost analysis. They will also learn how to screen capital investment projects. Through a practical case study, students will gain experience in applying the managerial accounting skills learned. Pre-requisite: JRSB115 [hide detail]

This course introduces the student to the complexity of the communication process. The student learns business writing strategies and techniques and applies them to two categories of business letters/memos. Students will use word processing computer software to compose, edit and revise assignments. Letters/memos will be assigned and completed in class within prescribed time limits. Each student is required to write an informal, informational report. Emphasis will be placed on research and documentation. As well, students will learn and practice fundamental presentation skills. [hide detail]

This course will explore the nature of the business firm, by understanding the conditions of the business world within which it exists. We will study the business of managing the firm, from organizing to human resource to leading the work force. The course will focus on managing the operations of the firm, including producing goods and services, increasing productivity and quality, designing systems to coordinate and integrate internal activities and recording all business transactions. It will study the marketing, promoting, pricing and distribution of goods and services. Finally, the manager of the business firm needs to make financial decisions for the firm. This is a course that briefly introduces you, the student, to business principles. It is not intended to explore any one business activity in detail. That will come in higher level courses. Therefore, you will have an understanding of the external environmental dynamics that the firm is facing. You will also have an introduction only, to the activities and processes internal to the firm, created by business managers, to strategically position the firm#s activities in the environment. [hide detail]

This course introduces the tools, calculations, and components that are needed to complete a financial plan. Time value of money, financial goal setting, and tax planning concepts are introduced. Concepts and calculations relating to money, credit, and risk management are introduced. The student will understand and calculate the cost of revolving and installment type credit facilities. You will apply the tools and techniques required to purchase and finance a home. The course will also introduce fundamental concepts in investing, including a discussion of mutual funds, stocks, and bonds. Retirement and estate planning concepts, including annuity and retirement income calculations, are discussed. [hide detail]

This course introduces you to the principles of marketing. The key concepts, methods of analysis, strategies, and tactics critical to managing profitable customer relationships in today's dynamic and connected environment are presented. Major emphasis is placed on the marketing mix and its strategic application to an increasingly complex business environment. In particular, the detailed areas of product, promotion, price, and distribution are examined in reference to achieving company objectives. [hide detail]

This course provides an introduction to the influence of the manager and the employee on the organization and work. The point of view is managing individual differences for increased productivity and satisfaction. As well, a framework for understanding behaviour in a variety of settings is studied. Case problems are solved by groups using the rational decision-making process. [hide detail]

Demonstrating functional literacy and proficiency in applied computing is critical to business success. This course introduces computers and their applications in business. Computer hardware and software, communication, networking, ethical and security issues are explored. Emphasis will be placed on developing skills in the use of personal productivity tools, and using application software for problem-solving and decision-making. [hide detail]

The course commences with a review of Introductory Accounting, including review of the Income Statement, Balance Sheet and generally accepted accounting principles. It then proceeds to a detailed study of the theory and current practices applicable to all balance sheet components, including cash, marketable securities, receivables, inventories, long-term investments, fixed assets and intangibles. Prerequisite: JRSB115 [hide detail]

By means of a series of guest lecturers and workshops, students will be exposed to the job search process, resume preparation, employment interviews, and continuing education opportunities with professional accounting bodies and within NAIT's AAC Program. Field trips or guest speakers may also be arranged in the areas of Public Accounting, Manufacturing Accounting, and Government Accounting. Some time in the course will also be devoted to counselling students in curriculum selection. Note: Restricted to second year Accounting students. [hide detail]

The course includes a comprehensive study of cost accounting fundamentals and an in-depth look at some of the tools that management accountants use for planning and control. Equivalent courses and/or Prerequisites: Prerequisites: ACCT106 (BUS106), ACCT107 (BUS207) or JRSB115, JRSB 117 Co-requisite: ACCT206 (BUS306) Note: Course re-numbering effective September 1, 2009 [hide detail]

In this introductory statistics course, the student will evaluate business problems using descriptive and inferential statistics. Topics will encompass descriptive statistics and data analysis, probability theory, hypothesis testing, and regression analysis. Learning objectives for each topic are reinforced with business problems and/or small case studies. Prerequisite/co-requisite: JRSB150 [hide detail]

Through case studies, interactions and hands-on applications, this course demonstrates how the effective management of information technology and systems can maximize an organization's business capabilities and resources providing a competitive edge in today#s global networked enterprise. The course covers IT systems planning, decision-making and problem solving at operational, tactical and strategic levels. Students will also develop the ability to analyze IT investments, assess benefits and risks, and reasonably align IT investments with broader organizational goals. With a focus on business processes, the course explores strategic enterprise IT applications such as enterprise resource planning (ERP), supply chain management (SCM), customer relationship management (CRM), Accounting and Human Resource applications through exposure to SAP application. A pass in Introduction to IT (JRSB 150) is required to take this course. [hide detail]

A brief introduction to Canadian income tax law followed by a comprehensive study of the tax law related to employment income, income from property, calculation of income from business; capital gains, other income, other deductions, personal tax credits and calculations of capital cost allowance. Calculation of taxes payable for an individual and a corporation will be covered. Prerequisite: JRSB115 [hide detail]

The study of the Balance Sheet is completed by examining the liabilities, long-term investments, and the capital structure of corporations. The course continues on to examine areas of a more specialized nature, including earnings per share, income taxes, pensions, leases, changes in accounting methods, incomplete records, disclosure and reporting, and Statement of Cash Flows. Prerequisite: ACCT206 [hide detail]

This course involves the application of Simply Accounting as the primary software for recording and reporting of financial activities in a business. Students will use the software to set up both a new company and an existing company. They will record financial activities, using most of the modules available in Simply Accounting. Modules include Accounts Receivable, Accounts Payable, Payroll, Inventory, and others. Resulting reports will be examined from a management perspective, integrating concepts learned in other courses. Concepts from subjects such as Management Accounting, Finance, and E-Commerce will be included. The student will also have an opportunity to compare Simply Accounting with other software currently available in the market. A hands-on case will be included as one of the many activities. Prerequisites: JRSB115, JRSB117 Co-requisite: ACCT206 [hide detail]

This course is a study of the financial and investment decisions from the corporation's perspective. The key topics covered in the course include the valuation of financial assets, the risk-return tradeoff, the determination of the cost of capital, capital budgeting decisions, corporate options and working capital management. Prerequisites: JRSB110, JRSB115, JRSB117, JRSB125 Co-requisite: JRSB201 [hide detail]

The focus of the course is to empower the students to succeed in business by displaying how knowledge of the law can give them an advantage. Beginning with an examination of the role lawyers play in advising businesses, students learn how to select an appropriate lawyer. Following the introduction of Canada's legal systems, the course examines how laws are made, who makes laws and how laws are enforced. The Alberta court system is examined. Students are taught how to sue in the Provincial Court, Civil Division and how to collect a judgment. Civil procedure in the Court of Queen's Bench is also examined. The various forms of alternative dispute resolution are reviewed. Constitutional Law, including an examination of the Charter of Rights and Freedoms, follows. Human rights legislation is similarly evaluated. The development of tort law is traced, with an emphasis on the tort of negligence. Insurance law is then briefly addressed. The formation and performance of contracts is evaluated. Employment law, including the common law and the relevant legislation, is delineated. Finally, forms of business organizations (sole proprietorships, various types of partnerships and corporate entities) are compared and contrasted. [hide detail]

This course provides the student with a thorough understanding of: Alternative Inventory Costing Methods; Cost Behavior-Estimating Cost Functions; Decision Making- a Relevant Costing Approach; Pricing; Cost Allocation; Joint Costing; Process Costing; Effects of Spoilage, Rework and Scrap, and Backflush Costing [hide detail]

This course introduces the student to our capital markets, their institutions, the regulatory bodies and the financial securities available to investors. Students research the macroeconomic influences and business fundamentals that create value and the models used to price financial securities. The dynamics of the markets are studied continuously to analyze the performance of investments and to develop strategies for constructing investment portfolios. A foundation to the world of investing is established. Prerequisites: JRSB115, JRSB125 [hide detail]