Course Code: ACCT 151
Academic Year: 2025-2026
This course provides a detailed study of the accounting for the various items appearing on a balance sheet, their control and their effects upon related items on the Income Statement and Statement of Cash Flows. In this course, students will build on their knowledge of the accounting cycle. Assets, liabilities and owners' equity will be studied in detail, and the student will be able to show the relationship of those categories to each other. An introduction to partnership and corporate accounting will strengthen the understanding of the importance of accounting information to its users, both internal and external.Please note that students who choose to take an online section of this course must write the final exam in person, at either the Humber North or Lakeshore campus, or, if located more than 100km from the campus, through an approved proctoring facility. Any costs associated with this are the sole responsibility of the student.