Accounting Principles and Related Computer Applications

AEC: Attestation of College Studies

Program # LCA.6X

ACCOUNTING PRINCIPLES 2
410-821-DW Part C
Internal Controls & the Conceptual Framework of
Accounting
Module Outline

Module Hours: 30 Learning in the

module will focus on:
Professor: N/A -collecting and analyzing
accounting information
Email: N/A -entering operational data
relating to the accounting
Telephone: N/A cycle
Pre-requisites: 410-811-DW Accounting Principles 1:
Part A: Recording, Adjusting & Completing
the Accounting Cycle
Part B: Accounting for Merchandising and
Costing Inventory

Program Competency: This module is one of the seven modules

linked to the competency BW22:
“Analyze and process
information in the accounting cycle”

Module Description: This module introduces basic accounting

terminology and develops an
understanding and practice of
fundamental concepts and analytical
skills needed to read and interpret
financial information. Students develop
skills in accounting for petty cash and
 bank reconciliations and an appreciation
for the importance of safeguarding and
controlling assets.

Assessment of Performance: Appropriate mastery of the

module objectives is essential to
succeed both in the program and in
practice. Assessment of student
performance will involve the ability to
understand and apply key accounting
concepts that lead to analysis and
problem solving.
 ACCOUNT
ING PRINCIPLES 2
410-821-DW Part C
Internal Controls & the Conceptual Framework of
Accounting

Module Outline (page 2)

Module Objectives:

Part C: Internal Controls & the Conceptual Framework of

Accounting Principles

• Explain the activities that help achieve internal

control.
• Apply control activities to cash receipts and
disbursements.
• Establish and account for a petty cash fund.
• Describe the control features of a bank
account.
• Prepare a bank reconciliation.
• Report cash on the balance sheet.
• Describe the conceptual framework of
accounting.
• Identify and apply basic assumptions used by
accountants.
• Identify and apply the basic principles and
constraints in accounting.

Methodology: This is an online Web based module that

requires independent study. Evaluations will
be based on the completion of on-line assignments,
quizzes and tests. Students will be able to interact
with the instructor through web based tools.
Students will use a textbook and the
WileyPLUS software to learn and practice the
concepts, skills and competency introduced in the
module. The final exam must be written at a
 recognized testing site.

ACC
OUNTING PRINCIPLES 2

410-821-DW Part C
Internal Controls & the Conceptual
Framework of Accounting

Module Outline (page3)

Evaluation: Part C will require :

2 on-line tests (15 marks each) 30 marks
Assignments & Quizzes
25 marks
1 Final Exam (in house, at testing site)
45 marks

TOTAL 100 marks

NOTE: A minimum total of 60 marks must be

achieved to successfully complete this
module. Additionally, a grade of 60% must be
achieved on the final exam to pass this
module. Late assignments will be penalized
5% per weekday. The weekend is considered
as one weekday. There will be a literacy
component valued at 10% incorporated into all
evaluations. This component takes into
 Required Text: Accounting Principles,
Author: Weygandt

Fourth Canadian Edition, Parts 1 & 2

Part C: Internal Controls & the Conceptual Framework of

Accounting

Chapter 7 : Internal Control and Cash

Chapter 11: Accounting Principles

 ACCOUN
TING PRINCIPLES 2

410-811-DW Part C
Internal Controls & the Conceptual
Framework of Accounting

Module Outline (page 4)

The College has adopted a number of college-wide academic policies and

procedures, which have become part of our departmental regulations. These
policies and procedures are outlined in the Institutional Student Evaluation
Policy (I.S.E.P.)

DEPARTMENTAL POLICIES
Special attention should be directed to the following sections of I.S.E.P.
♦ Students' Rights and Obligations

1. Cheating and Plagiarism

Cheating and Plagiarism are serious offences and may result in an
automatic failure in the assignment, test or exam, and up to and including
failure in the course. Further disciplinary action might be taken which
may result in suspension or expulsion from the program and the College.

2. Grade Review Procedures

A student who disagrees with a final grade should first attempt to discuss
the matter with the teacher who awarded the grade in question. If no
agreement can be reached or the student is reluctant to approach the
teacher, the student should approach the department chair or Program
Coordinator. A student who remains dissatisfied after speaking to the
teacher, chair, or coordinator may request in writing that the Sector Dean
initiate a grade review.

3. Makeup tests
Makeup tests will only be given on the following grounds: medical
certificate, judicial obligations evidenced by court documents, marriage of
an immediate family member, or bereavement due to the death of an
immediate family member.

4. Academic Standing
To be in good standing and to register unconditionally students must
meet the requirements of the College standing and advancement policy
as well as the following requirements:
1) Students who fail the same course twice will be expelled from the
Program.
2) Students who fail three or more courses will be expelled from the
 Program.
Students who fail to comply with this Standing and Advancement Policy
will be expelled from the Program and the College. The expelled student
has the right to appeal the expulsion to the College Academic Standing
Appeals Committee.

This course outline has been prepared in conformity with the

Institutional Student Evaluation Policy (I.S.E.P.). The policy is
designed to promote equitable and effective evaluation of student
learning and is therefore a crucial policy for you to read and understand.
The policy describes the rights and obligations of students, faculty, and
departments, programs and the College administration with regard to
evaluation in all your courses. I.S.E.P. is published in the College
Calendar and reference copies are available in the Library and in the
offices of program chairs and the Dean of Technical Programs.
January 2005