Accounting

Cheques and balances. It all adds up.

NEW! Work towards your Advanced Certificate in Accounting and Finance (ACAF) with applied courses

Course Descriptions

Note: Course numbers have changed but course titles and content have not.

In-person and online formats now share the same course number. Take care to choose your desired format when enrolling.

See a full list of new and previous course numbers.

Core Courses

ACC 925 Introductory Financial Accounting (3 Units)

Examine generally accepted accounting principles, the transaction cycle, financial statements and the balance sheet. Recommended prerequisite: ACC 830 or equivalent

Prerequisite: Basic Bookkeeping or Equivalent
Instructors: Carol TristaniClaire St. Pierre

ACC 926 Intermediate Financial Accounting I (3 Units)

Study the reporting environment, accounting process and asset valuation issues. Special topics include accounting for changes, errors and prior period adjustments.

Prerequisite: Introductory Financial Accounting or equivalent
Instructors: Helen MontouxPatricia ZimaClaire St. Pierre

ACC 927 Intermediate Financial Accounting II (3 Units)

Examine current financial reporting requirements and practices for liabilities and shareholders’ equity, concentrating on the theoretical application and highlighting of other regulatory requirements.

Prerequisite: Intermediate Financial Accounting I or equivalent
Instructors: Jeffrey O’LearyPatricia ZimaClaire St. PierreGlenn Skrubbletrang

ACC 928 Introductory Management Accounting (3 Units)

Study managerial and cost accounting issues as a framework for approaching contemporary cost problems.

Prerequisite: Introductory Financial Accounting or equivalent
Instructors: Michael MichalskiCarmen DimaRichard Michalski

ACC 929 Intermediate Management Accounting (3 Units)

Build on the concepts of cost accumulation and allocation. Examine cost-volume-profit analysis and capital budgeting.

Prerequisite: Introductory Financial Accounting + Introductory Management Accounting or equivalent
Instructors: Michael MichalskiRichard MichalskiJeffrey O’LearyDom Cianflone

Specialist Courses

ACC 930 Advanced Management Accounting (3 Units)

Building on models presented in Intermediate Management Accounting, study how systems and information are structured for managerial planning, decision making and evaluation.

Prerequisite: Introductory Financial Accounting + Intermediate Management Accounting or equivalent
Instructors: Glenn SkrubbletrangKris Krishnan

ACC 931 Auditing (3 Units)

Explore procedures involved in auditing internal corporate functions and services. Emphasis is placed on audit, evidence gathering, internal control and statistical sampling.

Prerequisite: Intermediate Financial Accounting II + Introductory Management Accounting + Management Information Systems or equivalent
Instructors: Greg Caers

ACC 932 Management Information Systems (3 Units)

Explore system analysis, design and implementation with reference to the relationship between system management and organizational development.

Instructors: Lorraine Cipparrone

ACC 933 Financial Management (3 Units)

Study asset and equity management with a focus on working capital levels, capital structure and distribution of profits.

Prerequisite: Intermediate Financial Accounting II + Intermediate Management Accounting or equivalent
Instructors: Frank TristaniKris Krishnan

ACC 934 Advanced Financial Accounting (3 Units)

This course deals with more advanced topics in financial accounting and reporting with an emphasis on business combinations and foreign currency transactions and translation. Accounting for non-profit sector organizations will also be examined with emphasis on financial reporting issues and objectives, financial statement disclosures and fund accounting.

Prerequisite: Intermediate Financial Accounting I or equivalent
Instructors: Carol Tristani

ACC 937 Taxation I (3 Units)

Examine the theory and application of the Income Tax Act as it relates to both individuals and corporations.

Prerequisite: Intermediate Financial Accounting II or equivalent
Instructors: Christine Cooke

ACC 938 Taxation II (3 Units)

Continue to examine the theory and application of the Income Tax Act as it relates to corporations.

Prerequisite: Taxation I or equivalent
Instructors: Jamie LiddicoatChristine Cooke

​Applied Courses


ACC 940 Ethics and Workplace Skills (3 Units)

Ethics and Workplace Skills is a required course that focuses on business ethics and communication. In this course, you will learn that ethics and communication are central to the credibility of those who analyze financial information for employers, clients and other financial users. You will also be introduced to the ACAF Method, which is a road map that you can use to navigate accounting and finance problems. Prerequisites: All core/entry and specialist/technical courses must have been completed before taking Ethics and Workplace Skills. Refer to Accounting program page for full listing of prerequisites.

Instructors: Bharat Aggarwal

ACC 941 Public Sector Financial Management Practices (3 Units)

Public Sector Financial Management Practice focuses on how public sector entities of various kinds make the best use of the vast resources entrusted to them in creating public value. Public sector accounting is a core body of knowledge supporting financial management. The purpose of this course is to provide you the with public sector financial management skills necessary to function in public sector environments of low to medium complexity and low uncertainty. Topics addressed include governance and decision-making processes, government budgeting and planning, government financial reporting, financial analysis of government and not-for-profit programs, and public sector auditing. Prerequisites: All core/entry and specialist/technical courses must have been completed before taking this course. Ethics and Workplace Skills should have been completed, but may be taken concurrently.

Instructors: Mark Puri

ACC 942 Not-for-Profit Accounting and Related Topics (3 Units)

Not-For-Profit Accounting and Related Topics is a foundation course in accounting for not-for-profit organizations, with an emphasis on the application of accounting concepts encountered in the not-for-profit and charities sector. It also includes an overview of government (public sector) financial reporting standards. The purpose of this course is to produce a mid-level accountant with skills in the not-for-profit sector able to function in environments of low to mid-level complexity with low levels of uncertainty. This course will focus on applied knowledge, using authentic not-for-profit scenarios that require you to demonstrate the application of technical knowledge. Accounting software is integrated throughout the course to help you develop the skills needed in the marketplace. In addition, this course will help you develop other skills such as communication, managing and analyzing information, solving routine problems and effectively promoting personal management and teamwork. Prerequisites: All core/entry and specialist/technical courses, as well as accounting software application, must have been completed before taking this course. Students must also have completed the Ethics and Workplace Skills course or be taking it concurrently.

Instructors: Bharat Aggarwal

ACC 943 Applied Personal and Corporate Taxation (3 Units)

Applied Personal and Corporate Taxation builds on the technical personal and corporate taxation courses, covering the selected topics in more depth. The topics are integrated to facilitate tax planning for corporations and individuals. The purpose of this course is to provide you with tax skills appropriate for environments of low to mid-level complexity with low levels of uncertainty. The content will focus on applied knowledge, using authentic business scenarios that require you to demonstrate the application of technical knowledge. Prerequisites: All core/entry and specialist/technical courses must have been completed before taking this course. Ethics and Workplace Skills should have been completed, but may be taken concurrently.

ACC 944 Applied External Audit (3 Units)

Applied External Audit is an elective course that builds on the technical components from previous auditing courses, focusing on external audit issues. Applied External Audit assumes that you are familiar with the material related to the first two stages of an audit: acceptance/continuance and audit planning. In Applied External Audit, the focus will be on the last two stages: execution and reporting. Prerequisites: All entry and technical courses must have been completed before taking this course. Ethics and Workplace Skills should have been completed, but may be taken concurrently.

ACC 945 Business Applications (3 Units)

Business Applications is a required course in both the Diploma and the Certificate in Advanced Accounting and Finance programs. You will work through a scenario that deals with financial accounting, management accounting, finance, ethics, communication, taxation, audit and information systems issues, providing practice in these technical areas through the application of the ACAF Method. Working both individually and in groups, you will incorporate material from prerequisite courses and continue to refine your workplace skills relating to communication, management and analysis of information, routine problem solving, personal management and teamwork, and ethics. It is recommended that learners take this course last. (Prerequisites: All core/entry and specialist/technical courses, as well as Accounting Software Application, must have been completed before taking this course. Students must also have completed the Ethics and Workplace Skills course or be taking it concurrently.

ACC 946 Accounting Software Application (3 Units)

Accounting Software Application is a required course completed directly through Sage University and transferred into your program of study at McMaster University. It is recommended that learners complete this course after completing or concurrently with ACC 940. This course is a series of self-study courses that cover the features of Sage 50 - Canadian Edition product from setup to usage of AP/AR to job costing and inventory. The Accounting Software Application provides students with the opportunity to attempt the Application Specialist assessment. The course, the Sage 50 - Canadian Edition software and the assessment are offered directly through SAGE.

Basic Courses

ACC 818 Economics (3 Units)

Understand economics, including the basic principles of microeconomics and macroeconomics. Some knowledge of graphs and equations is required. *ACC 829 – Preparatory Mathematics is recommended as a pre-requisite to this course.

Instructors: Jeffrey O’LearyMike McEleny

ACC 829 Preparatory Mathematics (1.5 Units)

This course is intended to provide students with a thorough review and strong understanding of the fundamental mathematical concepts, theories and their application, as needed for various CCE diploma and certificate programs. Students will review and become proficient with the basic mathematical principles and skills commonly found in a business environment and reinforced in numerous courses at CCE. The application of these concepts and skills to business, economics and statistics is emphasized throughout the course.

Instructors: Helen Montoux

ACC 830 Basic Bookkeeping (1.5 Units)

Review fundamental bookkeeping principles and skills associated with a senior high school-level understanding of bookkeeping.

Instructors: Helen Montoux

ACC 855 Business Statistics (3 Units)

Understand statistical techniques commonly used in solving business problems and understanding market research. *ACC 829 – Preparatory Mathematics is recommended as a pre-requisite to this course.

Instructors: Jeffrey O’LearyMike McEleny

ACC 920 Effective Communication (3 Units)

Develop critical thinking, research, writing, editing, and presentation skills. Learn strategies for writing effective business summaries and reports. Explore the tools and techniques for successfully preparing for and writing examinations.
Antirequisite: BUS 850 Business Communications (3 Units)

BUS 436 Business Law (3 Units)

Gain insight on legal topics that accountants and general business managers encounter to recognize where legal problems exist and what avenues are open to resolve them.

Instructors: Nancy Van DorpCraig Stephenson

BUS 825 Business Foundations (3 Units)

Study business in a Canadian context, including finance, personnel, marketing, operations and general management.

Instructors: Jeff MayPatsy MarshallFlorentino Guerra Filho

BUS 852 Business Strategy (3 Units)

Gain practical training in setting goals and objectives for organizations and in creating business strategies and plans.

Prerequisite: Business Foundations
Instructors: John Nashid

HRM 821 Organizational Behaviour ^ (3 Units)

Explore human behaviour through influences that affect productivity, efficiency and organizational effectiveness through group work and case material.

Instructors: Lisa GulesserianHeather PollexFrank Tristani