Course Descriptions - Undergraduate Calendar 2009-2010

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Note

Students who fail to select their courses during normal course selection periods may be unable to take a particular course in their term of preference.

AFM 100s


AFM 101 LEC,TST,TUT 0.50Course ID: 011404
Introduction to Financial Accounting
This course is an introduction to financial accounting. The preparation and use of financial statements is examined. The accounting cycle, assets and liabilities reporting, is discussed.
Prereq: Not open to students in Arts and Business, Environment and Business, Science and Business or Human Resources Management.
Antireq: AFM 121, 123/ARBUS 102, AFM 128

AFM 102 LEC,TST,TUT 0.50Course ID: 011700
Introduction to Managerial Accounting
This course is an introduction to the preparation and use of accounting information for management decision-making and reporting. Cost behaviour, cost accumulation systems and short and long-term decision models are discussed.
Prereq: AFM 101 or BUS 227W.
Antireq: AFM 122, 123/ARBUS 102, AFM 228, 281

AFM 123 LEC,TST,TUT 0.50Course ID: 003239
Accounting Information for Managers
This course is designed for non-accountants who will use accounting information for planning, control and decision making.
Prereq: Arts and Business, Environment and Business, Science and Business, Honours Recreation and Leisure Studies, Honours Recreation and Business, Honours Biotechnology/Economics or Human Resources Management students.
Antireq: AFM 101, 102, 121, 122
(Cross-listed with ARBUS 102)

AFM 131 LEC,TST 0.50Course ID: 003243
Introduction to Business in North America
The functional areas of business: finance, personnel administration, production, marketing, and accounting are examined within differing organizational structures. Coverage also includes study of the principles of effective management and the financial system as a source of corporate capital.
Prereq: Not open to Honours Arts and Business students.
Antireq: BUS 111W
(Cross-listed with ARBUS 101)
Also offered Online

AFM 200s


AFM 201 LEC,TST,TUT 0.50Course ID: 011411
Introduction to Professional Practice
This course discusses auditing and taxation concepts as they relate to professional accounting and management.
Prereq: AFM 101; Accounting and Financial Management, Computing and Financial Management, Science Biotechnology/Chartered Accountancy or Mathematics Accounting students only

AFM 228 LEC,TST,TUT 1.00Course ID: 003246
Core Concepts of Accounting Information 2
This course covers the planning, start-up, operating, auditing and tax compliance phases of a business with a focus on the accounting information that is used during these phases of business operation, and the information technologies that can support the development of such accounting information. Managerial accounting, financial accounting, auditing, taxation, and information technology concepts and applications are an integral part of this course.
Prereq: AFM 101 or 128; Accounting and Financial Management, Science Biotechnology/Chartered Accountancy or Mathematics Accounting students only

AFM 231 LEC,TST 0.50Course ID: 003247
Business Law
Particular attention is given to the law relating to contracts and business organizations. Other areas of study include sources of law, the judicial process, real and personal property, torts, agency, credit, and negotiable instruments.
Antireq: MTHEL 100, BUS 231W, CIVE 491, GENE 411, ME 401, (for Mathematics students only) ENVS 201

AFM 241 LEC 0.50Course ID: 010334
Introduction to Business Information Technology
This course considers various aspects of information from a business and problem-solving perspective. It is intended to provide a basic foundation for understanding the potential benefits and problems in utilizing information technology to improve business performance, and an appreciation for a wide range of technology choices available, rather than a detailed understanding of any particular hardware or software technology.
Prereq: AFM 102; Accounting and Financial Management, Science Biotechnology/Chartered Accountancy students only.
Antireq: CS 330, 480/490

AFM 271 LEC,TST 0.50Course ID: 003257
Managerial Finance 1
This is the first of a three course sequence. Topics covered in the sequence include capital budgeting, asset pricing, market efficiency, capital structure, dividend policy, short-term finance, and risk management.
Prereq: One of STAT 211, 230, 240, or ECON 221; Accounting and Financial Management, Science Biotechnology/Chartered Accountancy.
Antireq: ACTSC 291/AFM 272, ACTSC 371, ECON 371

AFM 272 LEC,TST,TUT 0.50Course ID: 011750
Mathematical Managerial Finance 1
Time Value of Money and Capital Budgeting. Portfolio Theory, CAPM and APT. Cash and Credit Management.
Prereq: MATH 136 or 146, 138 or 148; Accounting & Financial Management, Computing & Financial Management, Mathematics/Accounting or Science Biotechnology/Chartered Accountancy students only.
Coreq: STAT 231 or 241.
Antireq: AFM 271, ACTSC 371, ECON 371
(Cross-listed with ACTSC 291)

AFM 291 LEC,TST 0.50Course ID: 003253
Intermediate Financial Accounting 1
A first course in intermediate accounting dealing with the theory and practice of financial statement preparation and reporting. The emphasis will be on asset valuation and the related impact on income measurement.
Prereq: AFM 102; Accounting and Financial Management, Computing and Financial Management, Science/Biotechnology/Chartered Accountancy or Mathematics Accounting students only

AFM 300s


AFM 331 LEC,TST,TUT 0.50Course ID: 003269
Business Strategy
This course focuses on strategic management of the total enterprise. Managers contribute to the organization through their analytical and leadership capabilities as well as their technical expertise. The course provides a framework for developing and implementing strategy that fits the firm's environment, managerial values and organization.
Prereq: (AFM 271 or AFM 272/ACTSC 291) and AFM 291; Accounting and Financial Management, Computing and Financial Management, Science Biotechnology/Chartered Accountancy or Mathematics Accounting students only

AFM 332 LEC,TST,TUT 0.50Course ID: 011974
Accounting, Assurance and the Law
This course examines the inter-relationship between legal and accounting environments. Students will be introduced to concepts of corporate governance and malfeasance and will examine a range of issues including the relationship between accounting and internal control, the roles of internal and external audits, and the regulatory environment of business including the obligations of boards, officers, managers and shareholders.
Prereq: (AFM 101, 102) or AFM 123; AFM 231; Not open to students in Accounting and Financial Management, Mathematics Chartered Accountancy, Honours Science Biotechnology Chartered Accountancy

AFM 333 LEC,TST 0.50Course ID: 012769
International Business
This course examines the opportunities, risks, and challenges faced by businesses in international markets, as well as the preparation required to operate them.
Prereq: AFM 131/ARBUS 101; Level at least 3A
(Cross-listed with ARBUS 301)

AFM 341 LEC,TST 0.50Course ID: 003273
Accounting Information Systems
Examines the planning, requirements analysis, acquisition, and evaluation of information systems, with an emphasis on accounting information systems. Introduces information systems assurance concepts, and considers the role of information technology in the improvement of business performance.
Prereq: AFM 241; Accounting and Financial Management, Science Biotechnology/Chartered Accountancy students only.
Antireq: CS 432

AFM 361 LEC,TST 0.50Course ID: 003279
Taxation 1
A continuation of AFM 201 with application emphasis on business income, capital gains and calculation of corporate tax fact and problem situations.
Prereq: AFM 201; Accounting and Financial Management, Computing and Financial Management, Science Biotechnology/Chartered Accountancy or Mathematics Accounting students only

AFM 371 LEC,TST 0.50Course ID: 003258
Managerial Finance 2
This course is a continuation of AFM 271. Topics to be explored are covered under the listing for AFM 271.
Prereq: AFM 271/371; Accounting and Financial Management, Science Biotechnology/Chartered Accountancy or Mathematics Accounting students only.
Antireq: ACTSC 372, ACTSC 391/AFM 372, ECON 372

AFM 372 LEC,TST,TUT 0.50Course ID: 011751
Mathematical Managerial Finance 2
Efficient Capital Markets and Capital Structure. Dividend Policy and Corporate Debt Instruments. Mergers and Acquisitions. Introduction to International Corporate Finance.
Prereq: AFM 272/ACTSC 291; Accounting & Financial Management, Computing & Financial Management, Mathematics Accounting or Science Biotechnology/Chartered Accountancy students only.
Antireq: AFM 371, ACTSC 372, ECON 372
(Cross-listed with ACTSC 391)

AFM 391 LEC,TST 0.50Course ID: 003261
Intermediate Financial Accounting 2
This is an intermediate financial accounting course that deals with problems related to the measurement of liabilities, measurement of income, and the reporting and measuring of corporate equities.
Prereq: AFM 291; Accounting and Financial Management, Computing and Financial Management, Science Biotechnology/Chartered Accountancy or Mathematics Accounting students only

AFM 400s


AFM 401 LEC,TST,TUT 0.50Course ID: 003262
Accounting Theory
A review of accounting theory as a background for applying underlying concepts to current accounting problems. Emphasis is on current literature, with a major term paper required.
Prereq: AFM 391 or AFM 491; Accounting and Financial Management, Computing and Financial Management, Science Biotechnology/Chartered Accountancy or Mathematics Accounting students only

AFM 415 LEC,TST 0.50Course ID: 003265
Special Topics
A course offered from time-to-time on a significant accounting and financial management issue.
Instructor Consent Required

AFM 431 LEC,TST 0.50Course ID: 003270
Professional Ethics for Financial Managers
The study of ethical and moral issues that arise in professional lives of accountants and financial managers.
Prereq: Accounting and Financial Management, Computing and Financial Management, Mathematics Accounting students only.
Antireq: PHIL 215/ARBUS 202

AFM 432 LEC 0.50Course ID: 011413
Legal Environment and Corporate Governance
This course will examine legal issues specific to the operation of corporations, addressing topics such as criminal and/or civil legal obligations relating to the regulation of securities, corporate mergers and acquisitions, secured transactions in company financing, and corporate governance matters including internal corporate operations, and directors' and executive officers' legal obligations.
Prereq: Accounting and Financial Management students only

AFM 442 LEC,TST 0.50Course ID: 011178
E-business: Enterprise Systems
This course examines the role of integrated company-wide information systems in improving organizational performances. The course will focus on the selection, acquisition, and implementation of these systems, including consideration of business process alignment, change management, and development of business cases to support their acquisition. The role of enterprise systems in inter-organizational systems and e-commerce will also be considered. The course will make use of case studies as well as examine selected current enterprise software.
Prereq: One of AFM 241 or CS 330 or 490; Accounting and Financial Management, Computing and Financial Management, Science Biotechnology/Chartered Accountancy or Mathematics Accounting students only

AFM 443 LEC,TST 0.50Course ID: 011179
E-business: Introduction to Electronic Commerce
This course examines key topics in electronic commerce such as the structure of the Internet, basic e-commerce processes and technologies (web site, catalogs, customer attraction, ordering processes, payment processes, and fulfillment processes), control issues (availability, security, integrity and maintainability), business-to-consumer models, business-to-business models, business-to-employee models, e-business strategies, integration of e-commerce activities into other business operations, performance measurement, legal and regulatory issues, and assurance services.
Prereq: One of AFM 241 or CS 330 or 490; Accounting and Financial Management, Computing and Financial Management, Science Biotechnology/Chartered Accountancy or Mathematics Accounting students only

AFM 451 LEC,TST 0.50Course ID: 003275
Audit Strategy
An examination of elements of audit strategy and their interrelationships, including financial assertions, types and sources of audit assurance, and evidence-gathering procedures, including statistical auditing methods, such as sampling and regression analysis.
Prereq: AFM 391; Accounting and Financial Management, Computing and Financial Management, Science Biotechnology/Chartered Accountancy or Mathematics Accounting students only

AFM 452 LEC,TST 0.50Course ID: 003278
Comprehensive/Operational Auditing
Examination of the value for money audit concept in the private and public sectors. This approach goes beyond the scope of the traditional financial audit and looks at all facets of the organization, including human resource management.
Prereq: AFM 391; Accounting and Financial Management, Computing and Financial Management, Science Biotechnology/Chartered Accountancy or Mathematics Accounting students only

AFM 461 LEC,TST 0.50Course ID: 003280
Taxation 2
Integration of topics from AFM 201 and AFM 361 with an emphasis on basic planning with the use of corporate reorganizations, partnerships and trusts.
Prereq: AFM 361; Accounting and Financial Management, Computing and Financial Management, Science Biotechnology/Chartered Accountancy or Mathematics Accounting students only

AFM 471 LEC,TST 0.50Course ID: 011414
Cases in Corporate Finance
This course builds on the theory of financial management developed in AFM 271/371 by using cases to illustrate a variety of corporate financial decisions.
Prereq: AFM 371 or AFM 372/ACTSC 391; Accounting and Financial Management or Computing and Financial Management students only

AFM 472 LEC,TST 0.50Course ID: 003284
Investments
This course describes the environment in which individual investors, institutional investors, security analysts, and investment advisors operate. Students will develop knowledge of current techniques used in asset valuation, portfolio management, and financial planning.
Prereq: One of AFM 371/ACC 372, ACTSC 372, ACTSC 391/AFM 372 or ECON 372.
Antireq: (Faculty of Mathematics) BUS 473W

AFM 473 LEC 0.50Course ID: 011701
Advanced Topics in Corporate Finance
Topics may vary over time but will include items such as capital budgeting with real options, corporate governance, mergers and acquisitions, spinoffs and divestitures, and initial public offerings.
Prereq: AFM 371 or AFM 372/ACTSC 391.
Antireq: ACTSC 471/AFM 476

AFM 474 LEC 0.50Course ID: 011702
Derivatives and Risk Management
Financial derivatives. Risk management and corporate strategy. The main types of financial risk. Measurement and management of market risk and credit risk.
Prereq: AFM 371 or AFM 372/ACTSC 391

AFM 475 LEC 0.50Course ID: 011703
Fixed Income Securities
Bond and debt markets, swaps, fixed income portfolio management, duration, modified duration, convexity, embedded options, theories of the term structure, government and corporate debt.
Prereq: AFM 371 or AFM 372/ACTSC 391

AFM 476 LEC,TUT 0.50Course ID: 011760
Advanced Corporate Finance
This course will cover various topics in advanced Corporate Finance, including real options, inventory models and management, corporate governance, asymmetric information and signalling, agency theory and corporate incentives.
Prereq: AFM 372/ACTSC 391 or ACTSC 372; Accounting & Financial Mngt, Actuarial Science, Math/Chartered Acc't Finance Opt, Math/Financial Analysis & Risk Management Chartered Financial Analyst or Math/Business Finance Opt students only.
Antireq: AFM 473
(Cross-listed with ACTSC 471)

AFM 480 LEC,TST 0.50Course ID: 010014
Selected Problems and Cases in Managerial Accounting
The course reviews and integrates a variety of topics necessary for those intending to pursue management accounting careers. It provides a comprehensive insight into the problems facing top management accounting executives and includes a number of cases designed to expose students to real world situations requiring qualitative and quantitative analysis.
Prereq: AFM 481; Accounting and Financial Management students only

AFM 481 LEC,TST 0.50Course ID: 003260
Cost Management Systems
Consideration of more complex topics in management planning and control. Emphasis is on traditional and contemporary cost accumulation systems and their application in modern day organizations. Cases, simulations, projects and presentations are the key instructional methods used to understand and integrate the course material. At the end of the course, students will have a solid understanding of how the correct choice of a costing model adds value to the organization.
Prereq: AFM 102; Accounting and Financial Management, Computing and Financial Management, Science Biotechnology/Chartered Accountancy or Mathematics Accounting students only

AFM 482 LEC,TST 0.50Course ID: 011415
Performance Measurement and Organization Control
This course will trace the evolution of the role of performance measurement systems in supporting areas of organization control. Topics will include the role of both financial and nonfinancial performance measures in: the DuPont method of control, the Harvard model of control, internal control, contemporary approaches to governance, and strategic management systems. After completing this course students will be able to evaluate the nature and suitability of a proposed performance measurement system given its design and purpose.
Prereq: AFM 481; Accounting and Financial Management or Computing and Financial Management students only

AFM 491 LEC,TST 0.50Course ID: 003285
Advanced Financial Accounting
An advanced accounting course considering specific problems of accounting for the corporate entity, such as business combinations, intercorporate investments, consolidated financial statements, accounting for foreign operations and foreign currency transactions, and segment reporting.
Prereq: AFM 391; Accounting and Financial Management, Computing and Financial Management, Science Biotechnology/Chartered Accountancy or Mathematics Accounting students only

AFM 492 LEC 0.50Course ID: 011704
Financial Statement Analysis
This course introduces fundamental tools of analysis and valuation that are widely used in a variety of financial careers.
Prereq: AFM 291, 391 and (AFM 371 or AFM 372/ACTSC 391); Accounting and Financial Management, Computing and Financial Management or Mathematics/Chartered Accountancy (Finance Option) students only.

AFM 500s


AFM 501 LEC 0.50Course ID: 003286
Contemporary Issues in Assurance and Accounting
The objective of this course is to examine assurance in a broad context. The course builds on students' prior knowledge of assurance and examines the role of the assurer and assure judgement in such broader issues as assurance levels, special assurance problems such as controls in governance and other forms of assurance. The course integrates a number of accounting and assurance issues.
Prereq: Accounting Diploma students only

AFM 502 LEC,TUT 0.50Course ID: 003287
Control Systems in a Computer Environment
This is an advanced course that deals with the risks introduced by computer technology and the general and application controls used to reduce such risks to a tolerable level. The course helps students develop insights into the implications of emerging information technologies and helps students build practical skills to review and evaluate controls in computer-based systems.
Prereq: Accounting Diploma students only

AFM 503 LEC 0.50Course ID: 003288
Issues and Problems in Accounting Practice
This course introduces students to a number of accounting issues, principles, practices and problems that they are likely to encounter in professional accounting practice.
Prereq: Accounting Diploma students only

AFM 504 LEC 0.50Course ID: 003289
Issues and Problems in External Reporting
This is a capstone course designed to utilize students' understanding of financial accounting, cost and managerial accounting, finance, auditing, tax and accounting theory to interpret the current developments taking place in external reporting regulations in Canada.
Prereq: Accounting Diploma students only