Course Descriptions - Undergraduate Calendar 2014-2015

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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 123/ARBUS 102, BUS 127W/227W, MSCI 262

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 127W/227W.
Antireq: AFM 123/ARBUS 102, AFM 228, BUS 247W, MSCI 262

AFM 121 LEC,TST,TUT 0.50Course ID: 013719
Introduction to Global Financial Markets
This course describes the role of finance in the modern global economy and introduces some basic principles of financial decision-making.
Prereq: Accounting and Financial Management or Computing and Financial Management students only

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 & Business, Environment & Business, Sci & Business, Hon Rec & Leisure Studies, Hon Rec & Business, Hon Biotechnology/Economics, Human Resources Management, or Management Studies stdnts.
Antireq: AFM 101,102,121, BUS 127W/227W,247W, MSCI 262
(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 202 LEC,TST,TUT 0.50Course ID: 013739
Introduction to Public Practice
This course focuses on the knowledge and skills that enhance experiential learning during a first co-op work term. Topic areas include professional ethics, assurance, taxation, and leveraging technology for assurance and taxation competencies.
Prereq: AFM 101; Level 2A or 3A; Accounting and Financial Management, Mathematics Chartered Accountancy, or Science Biotechnology/ Chartered Accountancy students only.
Antireq: AFM 201

AFM 203 LEC,TST,TUT 0.50Course ID: 013740
Introduction to Decision Support
This course focuses on the knowledge and skills that enhance experiential learning during a first co-op work term while performing a decision support role within a public or private sector organization. Topic areas include professional ethics, performance analysis, corporate finance, and leveraging technology for performance analysis and corporate finance competencies.
Prereq: AFM 101; Level 2A or 3A; Accounting and Financial Management students, Mathematics Chartered Accountancy, or Science Biotechnology/ Chartered Accountancy students only.
Antireq: AFM 201, 204

AFM 204 LEC,TST,TUT 0.50Course ID: 013741
Introduction to Applied Finance
This course focuses on the basic knowledge and skills required for employment in the finance area during the first co-op work term. The course covers topics such as an overview of the financial services industry, the role of treasury management within organizations, professional ethics, and problem-solving skills that are applicable to financial decisions.
Prereq: AFM 121; Level 2A or 3A; Accounting and Financial Management students.
Coreq: AFM 273.
Antireq: AFM 201, 203

AFM 211 LEC,TST,TUT 0.50Course ID: 013742
Connections to Business Context
This course focuses on developing the qualities and transferable skills necessary for integration, continuous learning, and professional development. The course integrates an understanding of business, basic functional competencies, leadership, collaboration, and communication skills to address a range of business decisions.
Prereq: AFM 101, 131, SPCOM 111; Accounting and Financial Management, Mathematics Chartered Accountancy, or Science Biotechnology/Chartered Accountancy 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/COMM 231, BUS 231W, CIVE 491, GENE 411, ME 401; (Faculty of Mathematics) ENVS 201

AFM 241 LEC,TST 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 in a two-course sequence that introduces the theory of financial decision-making within firms. Topics include capital budgeting, cost of capital, security issuance, capital structure, payout policy and dividends, short term finance, and risk management, among others.
[Note: Formerly AFM 271]
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
(Cross-listed with AFM 273)

AFM 272 LEC,TST,TUT 0.50Course ID: 011750
Corporate Finance 1
This is the first in a two-course sequence that deals with corporate financial decision-making. Topics may include time value of money, capital budgeting, cost of capital, security issuance, capital structure, payout policy and dividends, short term finance, and risk management. Where suitable, topics are treated from a mathematical and quantitative perspective.
Prereq:One of MATH 128,138,148;MATH 136 or 146;Accounting & Financial Management,Computing & Financial Management, Math/Accounting or Science Biotechnology/Chartered Accountancy students.
Coreq:STAT 231 or 241.
Antireq:AFM 271/273,ACTSC 371,ECON 371
(Cross-listed with ACTSC 291)

AFM 273 LEC,TST 0.50Course ID: 003257
Managerial Finance 1
This is the first in a two-course sequence that introduces the theory of financial decision-making within firms. Topics include capital budgeting, cost of capital, security issuance, capital structure, payout policy and dividends, short term finance, and risk management, among others.
[Note: Formerly AFM 271]
Prereq: STAT 211; Accounting and Financial Management or Science Biotechnology/Chartered Accountancy students only.
Antireq: AFM 272/ACTSC 291, ACTSC 371, ECON 371
(Cross-listed with AFM 271)

AFM 274 LEC,TST 0.50Course ID: 003258
Managerial Finance 2
This course is a continuation of AFM 273. Topics to be explored are covered under the listing for AFM 273.
[Note: Formerly AFM 371]
Prereq: AFM 273; Accounting and Financial Management or Science Biotechnology/Chartered Accountancy students only.
Antireq: ACTSC 372, ACTSC 391/AFM 372, ECON 371
(Cross-listed with AFM 371)

AFM 280 LEC,TST,TUT 0.50Course ID: 013743
Introduction to Organizational Behaviour
An introduction to the concepts concerning the behaviour of individuals and groups in organizations. Topics may include motivation, influence, communication, diversity, goal-setting and incentive compensation, culture and ethical systems, and decision-making.
Prereq: Accounting and Financial Management, Computing and Financial Management, or Mathematics Chartered Accountancy students only.
Antireq: MSCI 211, PSYCH 338

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 311 LEC,TST,TUT 0.50Course ID: 013744
Connections to Ethical Context
This course focuses on developing the qualities and transferable skills necessary for integration, continuous learning, and professional development. The course is oriented around the ethical and moral issues faced by accounting and finance professionals.
Prereq: AFM 211.
Antireq: AFM 431, PHIL 215/ARBUS202

AFM 321 LEC,TST 0.50Course ID: 013726
Personal Financial Planning
This course covers financial planning for individual investors, with particular emphasis on taxation and other institutional aspects governing decisions such as retirement savings, education savings, and estate planning.
Coreq: One of AFM 274, AFM 372/ACTSC 391, ACTSC 372, ECON 371

AFM 322 LEC,TST 0.50Course ID: 011702
Derivative Securities
Introduction to valuation and applications of financial derivatives such as options, futures, forwards, and swaps.
[Note: Formerly AFM 474]
Prereq: AFM 274/371 or AFM 372/ACTSC 391.
Antireq: ACTSC 446, ECON 372, STAT 446
(Cross-listed with AFM 474)

AFM 323 LEC,TST 0.50Course ID: 013727
Quantitative Foundations for Finance
This course introduces analytical and statistical methods commonly used in finance, with applications to investment management and corporate finance.
Prereq: AFM 274/371.
Antireq: ECON 321, STAT 373

AFM 328 PRJ 0.25Course ID: 014473
Investment Management - Junior Analyst
This course provides students hands-on training in equity valuation and enables students to follow one industry sector. As a Junior Analyst, a student will understand why funds management is broken into different sectors, monitor existing equity holdings in a particular sector, make new equity selections in the sector, prepare equity research reports, and present trading recommendations to an investment team in a student-run investment portfolio.
Instructor Consent Required
Prereq: Accounting and Financial Management, Computing and Financial Management, Mathematics Chartered Accountancy, and Science Biotechnology/Chartered Accountancy students only.
Coreq: AFM 274 or AFM 372/ACTSC 391

AFM 329 PRJ 0.25Course ID: 014474
Investment Management - Senior Analyst
This course provides students hands-on training in equity valuation and enables students to follow more than one industry sector. As a Senior Analyst, a student will monitor existing equity holdings in different sectors, make new equity selections in the sectors, prepare equity research reports, and present trading recommendations to an investment team in a student-run investment portfolio.
Instructor Consent Required
Prereq: AFM 274 or AFM 372/ACTSC 391; Accounting and Financial Management, Computing and Financial Management, Mathematics Chartered Accountancy, and Science Biotechnology/Chartered Accountancy students only

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.
[Note: Formerly AFM 331]
Prereq: (AFM 271/273 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
(Cross-listed with AFM 433)

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 351 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 within a framework of professional judgment.
[Note: Formerly AFM 451]
Prereq: AFM 391; Accounting and Financial Management, Computing and Financial Management, Science Biotechnology/Chartered Accountancy or Mathematics Accounting students only
(Cross-listed with AFM 451)

AFM 352 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.
[Note: Formerly AFM 452]
Prereq: AFM 391; Accounting and Financial Management, Computing and Financial Management, Science Biotechnology/Chartered Accountancy or Mathematics Accounting students only
(Cross-listed with AFM 452)

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 362 LEC,TST,TUT 0.50Course ID: 013745
Taxation 1 - Foundations
This course is an introduction to the foundational concepts in the taxation of individuals and corporations.
Prereq: Level at least 3A; Accounting and Financial Management, Computing and Financial Management, Mathematics Chartered Accountancy, or Science Biotechnology/Chartered Accountancy students only.
Antireq: AFM 361

AFM 363 LEC,TST,TUT 0.50Course ID: 013913
Taxation 2 - Integration
This course builds on the foundational concepts established in AFM 362 by exploring the taxation of individuals and corporations in more depth.
Prereq: AFM 362; Accounting and Financial Management, Computing and Financial Management, Science Biotechnology/Chartered Accountancy or Mathematics Chartered Accountancy students only.
Antireq: AFM 361

AFM 371 LEC,TST 0.50Course ID: 003258
Managerial Finance 2
This course is a continuation of AFM 273. Topics to be explored are covered under the listing for AFM 273.
[Note: Formerly AFM 371]
Prereq: AFM 271/273; Accounting and Financial Management, Arts Accounting, Science Biotechnology/Chartered Accountancy or Mathematics Accounting students only.
Antireq: ACTSC 372, ACTSC 391/AFM 372, ECON 371
(Cross-listed with AFM 274)

AFM 372 LEC,TST,TUT 0.50Course ID: 011751
Corporate Finance 2
This course is a continuation of AFM 272/ACTSC 291. Topics to be explored are covered under the listing for AFM 272/ACTSC 291.
Prereq: AFM 272/ACTSC 291; Computing & Financial Management, Mathematics Chartered Accountancy students only.
Antireq: AFM 274/371, ACTSC 372, ECON 371
(Cross-listed with ACTSC 391)

AFM 373 LEC,TST 0.50Course ID: 011414
Cases and Applications in Corporate Finance
This course builds on the theory of financial management using cases to illustrate a variety of corporate financial decisions.
[Note: Formerly AFM 471]
Prereq: AFM 274/371 or AFM 372/ACTSC 391; Accounting and Financial Management, Computing and Financial Management or Science Biotechnology/Chartered Accounting students only.
Antireq: AFM 476/ACTSC 471
(Cross-listed with AFM 471)

AFM 382 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.
[Note: Formerly AFM 482]
Prereq: AFM 102; Accounting and Financial Management, Computing and Financial Management, Mathematics Chartered Accountancy, Science Biotechnology/Chartered Accountancy students only
(Cross-listed with AFM 482)

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 411 LEC,TST,TUT 0.50Course ID: 013746
Connections Across Competencies for Accounting Professionals
This course focuses on developing the qualities and transferable skills necessary for integration, continuous learning, and professional development. The course adds the dimension of integration across the functional competencies required by students pursuing a professional accounting designation.
Prereq: AFM 311, 363, 382/482, 491

AFM 412 LEC,TST,TUT 0.50Course ID: 013747
Connections Across Competencies for Finance Professionals
This course focuses on developing the qualities and transferable skills necessary for integration, continuous learning, and professional development. The course adds the dimension of integration across the functional competencies required by students pursuing a career as a finance professional.
Prereq: AFM 311; Accounting and Financial Management 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 416 LEC,TST 0.50Course ID: 013729
Special Topics in Finance
A course offered from time-to-time on a significant finance issue.
Instructor Consent Required

AFM 417 LEC,TST 0.50Course ID: 013728
Special Topics in Accounting
A course offered from time-to-time on a significant accounting issue.
Instructor Consent Required

AFM 418 PRJ 0.25Course ID: 014397
Special Topics in Finance or Accounting
A course offered from time to time in relation to a significant school-related accounting or finance project or activity.
[Note: Graded on a credit/no credit basis. This course is repeatable up to four times, subject to different content.]
Instructor Consent Required
Prereq: Accounting & Financial Management, Computing & Financial Management, Mathematics/Accounting or Science Biotechnology/Chartered Accountancy students only

AFM 422 LEC,TUT 0.50Course ID: 013732
Management of Financial Institutions
This course studies the measurement and control of market, credit, and operational risks faced by financial institutions, with particular emphasis on the international regulatory framework.
Prereq: AFM 322/474; AFM 323 or STAT 373

AFM 423 LEC 0.50Course ID: 013754
Topics in Financial Econometrics
This course is one of the topic courses in Econometrics. The course will focus on both the Econometric theory and applications in Economics and Finance. Topics may include several main components, such as regression theory (linear/non-linear regression models, multivariate regressions), estimation methodology (OLS, MLE, GMM, WLS/GLS, Monte Carlo simulations), and time series analysis/financial modelling (stochastic process, general ARMA process, autoregressive conditional heteroskedasticity model, stochastic volatility model, high frequency data analysis, nonstationarity for time series and co-integration, continuous time stochastic process).
Prereq: AFM 323 or STAT 373
(Cross-listed with ECON 405)

AFM 424 LEC,TST 0.50Course ID: 003284
Equity Investments
This course addresses principles of equity investments, including risk and return relationships, fundamental analysis of equities based on macroeconomic, industry and company-specific factors, financial statement analysis, and technical analysis. Portfolio allocation, performance measurement, and ethical and professional standards in the investment profession are also covered.
[Note: Formerly AFM 472]
Prereq: One of AFM 274/371, AFM 372/ACTSC 391, ACTSC 372, ECON 371.
Antireq: BUS 473W
(Cross-listed with AFM 472)

AFM 425 LEC,TST 0.50Course ID: 011703
Fixed Income Securities
Introduction to various aspects of fixed income investments, including valuation, risk management, portfolio management, interest rate models, interest rate derivatives, and institutional features of bond markets.
[Note: Formerly AFM 475]
Prereq: AFM 274/371 or AFM 372/ACTSC 391.
Antireq: ACTSC 445
(Cross-listed with AFM 475)

AFM 428 PRJ 0.25Course ID: 014475
Investment Management - Junior Portfolio Manager
This course provides students hands-on training in equity valuation and portfolio management. As a Junior Portfolio Manager, a student will make allocations in two sectors, monitor the performance of the existing equity holdings in these two sectors, mentor two analysts, make equity trading decisions for these two sectors, and present portfolio performance reports to the investment team and the Advisory Board.
Instructor Consent Required
Prereq: AFM 274 or AFM 372/ACTSC 391; Accounting and Financial Management, Computing and Financial Management, Mathematics Chartered Accountancy, and Science Biotechnology/Chartered Accountancy students only

AFM 429 PRJ 0.25Course ID: 014478
Investment Management - Senior Portfolio Manager
This course provides students hands-on training in equity valuation and portfolio management. As a Senior Portfolio Manager, a student will make allocations in different industry sectors, monitor the performance of the existing equity holdings in these sectors, mentor analysts, make equity trading decisions for these sectors, and present portfolio performance reports to the investment team and the Advisory Board.
Instructor Consent Required
Prereq: AFM 274 or AFM 372/ACTSC 391; Accounting and Financial Management, Computing and Financial Management, Mathematics Chartered Accountancy, and Science Biotechnology/Chartered Accountancy students only

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 433 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.
[Note: Formerly AFM 331]
Prereq: (AFM 274/371 or AFM 272/ACTSC 291) and AFM 291; Accounting and Financial Management, Computing and Financial Management, Science Biotechnology/Chartered Accountancy or Mathematics Chartered Accountancy students only
(Cross-listed with AFM 331)

AFM 434 LEC,TST 0.50Course ID: 013748
Governance and Enterprise Risk Management for Global Organizations
This course is an introduction to governance and enterprise risk management challenges faced by global organizations. Topic areas include governance; organization and management systems; and enterprise risk management approaches and techniques.
Prereq: AFM 331/433; Accounting and Financial Management, Mathematics Chartered Accountancy or Science Biotechnology/Chartered Accountancy 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, CS 330 or 490; Accounting and Financial Management, Computing and Financial Management, Science Biotechnology/Chartered Accountancy or Mathematics Chartered Accountancy 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, CS 330 or 490; Accounting and Financial Management, Computing and Financial Management, Science Biotechnology/Chartered Accountancy or Mathematics Chartered Accountancy 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 within a framework of professional judgment.
[Note: Formerly AFM 451]
Prereq: AFM 391; Accounting and Financial Management, Computing and Financial Management, Science Biotechnology/Chartered Accountancy or Mathematics Accounting students only
(Cross-listed with AFM 351)

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.
[Note: Formerly AFM 452]
Prereq: AFM 391; Accounting and Financial Management, Computing and Financial Management, Science Biotechnology/Chartered Accountancy or Mathematics Accounting students only
(Cross-listed with AFM 352)

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 462 LEC,TST,TUT 0.50Course ID: 013914
Taxation 3 - Tax Planning Topics
This course focuses on the more specialized topics in introductory taxation, with an emphasis on basic planning for owner-managers and the use of corporate reorganizations, partnerships, and trusts.
Prereq: AFM 363; Accounting and Finacial Management, Computing and Financial Management, Mathematics Chartered Accountancy or Science Biotechnology/Chartered Accountancy students only.

AFM 471 LEC,TST 0.50Course ID: 011414
Cases and Applications in Corporate Finance
This course builds on the theory of financial management using cases to illustrate a variety of corporate financial decisions.
[Note: Formerly AFM 471]
Prereq: AFM 274/371 or AFM 372/ACTSC 391; Accounting and Financial Management or Computing and Financial Management students only
(Cross-listed with AFM 373)

AFM 472 LEC,TST 0.50Course ID: 003284
Equity Investments
This course addresses principles of equity investments, including risk and return relationships, fundamental analysis of equities based on macroeconomic, industry and company-specific factors, financial statement analysis, and technical analysis. Portfolio allocation, performance measurement, and ethical and professional standards in the investment profession are also covered.
[Note: Formerly AFM 472]
Prereq: One of AFM 274/371, ACTSC 372, ACTSC 391/AFM 372 or ECON 372.
Antireq: (Faculty of Mathematics) BUS 473W
(Cross-listed with AFM 424)

AFM 473 LEC,TST 0.50Course ID: 011701
Advanced Topics in Corporate Finance
Topics include items such as corporate governance, mergers and acquisitions, spinoffs and divestitures, security issuance, and capital budgeting.
Prereq: AFM 274 or AFM 371

AFM 474 LEC,TST 0.50Course ID: 011702
Derivative Securities
Introduction to valuation and applications of financial derivatives such as options, futures, forwards, and swaps.
[Note: Formerly AFM 474]
Prereq: AFM 274/371 or AFM 372/ACTSC 391.
Antireq: ECON 372
(Cross-listed with AFM 322)

AFM 475 LEC,TST 0.50Course ID: 011703
Fixed Income Securities
Introduction to various aspects of fixed income investments, including valuation, risk management, portfolio management, interest rate models, interest rate derivatives, and institutional features of bond markets.
[Note: Formerly AFM 475]
Prereq: AFM 274/371 or AFM 372/ACTSC 391
(Cross-listed with AFM 425)

AFM 476 LEC,TST,TUT 0.50Course ID: 011760
Advanced Corporate Finance
This course covers various advanced topics in corporate finance, with emphasis on theories of corporate incentives and asymmetric information. Illustrative applications using cases are provided.
Prereq: AFM 372/ACTSC 391 or ACTSC 372; Comp & Financial Management, Actuarial Science, Math Chartered Accountancy, Math/Financial Analysis & Risk Mgmt Chartered Financial Analyst or Math/Business Finance Opt or Mathematical Finance.
Antireq: AFM 373/471
(Cross-listed with ACTSC 471)

AFM 477 LEC,TST 0.50Course ID: 013730
Applied Corporate Transactions
This course develops and integrates key analytical skills in the interpretation of financial statements and valuation methodologies in the context of corporate transactions. The course concentrates on value creation; the institutional, strategic, ethical, governance, and control issues; and the transactions-oriented knowledge needed for deals such as issuance of debt and equity, mergers, acquisitions, buyouts, divestitures, and other corporate restructurings.
Prereq: AFM 373 or AFM 476/ACTSC 471

AFM 478 LEC,TST 0.50Course ID: 013749
International Financial Management
This course examines various aspects of corporate decision-making in a global firm, such as cross-border investments and financing, international risk management, multinational working capital management, and the impact of the international regulatory environment.
Prereq: AFM 274/371 or AFM 372/ACTSC 391

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.
[Note: Formerly AFM 482]
Prereq: AFM 481; Accounting and Financial Management or Computing and Financial Management students only
(Cross-listed with AFM 382)

AFM 483 LEC,TST 0.50Course ID: 014229
Applications of Analytics to Business
This course explores the metrics, quantitative analyses, and technologies used across a range of applications where an investigation of past business performance provides insights that drive business decisions.
Prereq: One of ECON 221, STAT 211, 230, 231, 240, 241; Accounting and Financial Management, Computing and Financial Management, Mathematics Chartered Accountancy, Science Biotechnology/Chartered Accountancy students

AFM 484 LEC,TST 0.50Course ID: 014230
Advanced Management Control Systems
This course provides an in-depth examination of operations management and related issues in performance evaluation and control for various business sectors (e.g., manufacturing, service, and IT intensive).
Prereq: AFM 382 or AFM 482; Accounting and Financial Management, Computing and Financial Management, Mathematics Chartered Accountancy, Science Biotechnology/Chartered Accountancy 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,TST 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 274/371 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