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The course emphasizes interpreting financial statements through cases, practice problems, and in-class discussion, focusing on core concepts such as historical cost, revenue recognition, expense vs. capitalization, and going concern. Topics include accounting bases, internal control, inventory systems, asset valuation, liabilities, equity financing, ethics, estimation, and basic financial analysis using ratios and common-size statements.",{"@graph":69,"@context":122},[70,84,105],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":20,"@type":76,"position":81},"https://docshare.wps.com/document/exam/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/foundations-in-accounting-i-baac-550-course-information/395302/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/foundations-in-accounting-i-baac-550-course-information/395302.png","ImageObject",300,407,{"name":92,"@type":93},"Anna Hans","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-11-05","2026-09-26",true,{"@type":102,"interactionType":103,"userInteractionCount":44},"InteractionCounter",{"@type":104},"ViewAction",{"@type":106,"mainEntity":107},"FAQPage",[108,114,118],{"name":109,"@type":110,"acceptedAnswer":111},"What is the course’s main focus?","Question",{"text":112,"@type":113},"The module focuses on interpreting financial statements to support better management decisions, rather than on preparing the statements.","Answer",{"name":115,"@type":110,"acceptedAnswer":116},"What financial statement types will students prepare and understand?",{"text":117,"@type":113},"Students will prepare and understand the purpose of the classified statement of financial position, multi-step statement of earnings, statement of equity, and statement of cash flows (indirect method).",{"name":119,"@type":110,"acceptedAnswer":120},"How is student performance assessed?",{"text":121,"@type":113},"Assessment includes class participation, online assignments, an in-class quiz, a group project, and a final exam, totaling 100%.","https://schema.org",{"og:url":83,"og:type":124,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":126,"canonical":83},"index,follow",{"doc_id":128,"site_id":62},395302,1791497079,{"code":4,"msg":5,"data":131},{"doc_id":128,"user_id":132,"nickname":92,"user_avatar":133,"doc_module":4,"category_id":19,"category_name":20,"doc_title":65,"doc_description":67,"doc_content":134,"file_id":135,"file_url":136,"file_type":137,"file_size":138,"view_count":44,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":34,"language":139,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":140,"faqs":141,"seo_title":142,"seo_description":67,"update_tm":143,"read_time":144,"preview_page_count":4},5909892332657,"https://ap-avatar.wpscdn.com/davatar_994ba38a5ba835b3df7d355c54d3ed8d","COURSE INFORMATION  \nCourse title: Foundations in Accounting I  \nCourse code: BAAC 550  \nSession, term, period: 2022W2  \nSection(s): 300  \nCredits: 1.5  \nClass location: ANGUS 132 (when in person) Class times: Saturdays 8:30am-4:00pm  \nFeb 4, 25 & Mar 11  \nCourse duration: Division:  \nProgram:  \nFebruary 4 – March 11, 2023 Accounting and Management Information Systems  \nPMBA  \nPre-requisites: None  \nCo-requisites: N/A  \nINSTRUCTOR INFORMATION  \nInstructor: Scott M. Sinclair, B.Comm, FCPA, FCA  \nPhone: 604-908-6709 Office location: ANGUS TOWER 378  \nEmail:  [scott.sinclair@sauder.ubc.ca](scott.sinclair@sauder.ubc.ca) Office hours: by appointment  \nTeaching assistant: TBA  \nOffice hours: TBA  \nEmail: TBA  \nCOURSE DESCRIPTION  \nThis module will assist class members in learning how to use financial information contained in financial statements to make better management decisions. Although the emphasis will be on interpreting the financial statements as opposed to learning how to prepare them, everyone must possess an understanding of the concepts and principles underlying their preparation.  \nCOURSE FORMAT  \nAccounting is best learned through cases, practice questions and class discussion. Therefore, each session is comprised of lecture, discussion, review of problem material and/or real-life financial statements/cases. Lectures introduce the fundamental principles and concepts underlying the various components of financial accounting. Attempting problems & examining real-life cases/examples provide an effective way to apply and solidify newly acquired knowledge and skills. Classroom discussions provide a forum for all to become engaged. I hope you will be comfortable sharing your real-life experiences with the class. The focus of this class is understanding rather than memorizing concepts and appreciating how these topics will improve your effectiveness as a manager.  \nLEARNING OBJECTIVES  \nBy the end of this course, class members will be able to:  \n• Appreciate that various entities in Canada (public and private companies, not--f-or---profit & governments) utilize different financial accounting frameworks and therefore follow different standards.  \n• Explain the fundamental accounting principles of historical cost, revenue recognition, expense versus capitalization, and going concern.  \nLEARNING OBJECTIVES continued  \n• Appreciate the importance of professional ethics in business and accounting decisions.  \n• Understand both the cash and accrual basis of accounting.  \n• Prepare and understand the purpose of financial statements – Classified Statement of Financial Position (Balance Sheet), Multi--step Statement of Earnings (Income Statement), Statement of Equity (Retained Earnings) and Statement of Cash Flows (indirect method).  \n• Understand the critical importance of estimation in the preparation of financial statements – e.g., estimating bad debts, depreciation expense and certain liabilities.  \n• Explain the components and importance of good internal control.  \n• Explain the difference between perpetual and periodic inventory systems.  \n• Account for the purchase of inventory and the subsequent allocation between inventory (Balance Sheet) and cost of goods sold (Income Statement) under First---in, First---out (FIFO),& weighted---average cost flow methods.  \n• Determine the cost of long-lived tangible (property, plant and equipment) and intangible assets and the depreciation/amortization of each.  \n• Explain the difference between betterments and expenses.  \n• Understand the purpose of depreciation (amortization) expense and how it differs from Capital Cost Allowance (CCA) used for Income Tax purposes.  \n• Account for, and explain current, long-term and contingent liabilities.  \n• Account for the issuance common and preferred shares and payment of dividends.  \n• Prepare and evaluate simple financial analysis including common-size financial statements & financial ratio analysis to evaluate an entity’s liquidity, profitability a","cbCaigItX2CWhkXk","https://ap.wps.com/l/cbCaigItX2CWhkXk","pdf",315240,"English","# Course Description\n# Course Format\n# Learning Objectives\n# Assessments Summary\n## Class Participation\n## Online Assignments\n## In-class Quiz\n## Group Project\n## Final Exam\n# Learning Materials","[{\"question\":\"What is the course’s main focus?\",\"answer\":\"The module focuses on interpreting financial statements to support better management decisions, rather than on preparing the statements.\"},{\"question\":\"What financial statement types will students prepare and understand?\",\"answer\":\"Students will prepare and understand the purpose of the classified statement of financial position, multi-step statement of earnings, statement of equity, and statement of cash flows (indirect method).\"},{\"question\":\"How is student performance assessed?\",\"answer\":\"Assessment includes class participation, online assignments, an in-class quiz, a group project, and a final exam, totaling 100%.\"}]","Foundations in Accounting I - BAAC 550 - Course Information | PDF",1790417728,18]