The objective of the course is to examine the objectives of the Canadian financial reporting environment and the conceptual framework underlying accounting. The course focuses on developing skills in how to use accounting facts and procedures in various business contexts and understanding the how as well as the why of accounting. Detailed coverage will include the issues related to measurement, recording and reporting of assets and revenue recognition. PREREQ: COMM 1107 (min. 60%). (lec 3) cr 3
