Introduction to Business
Discover the crucial role business plays in your life as a consumer and employee. Relate the purpose and necessity of profit to a business’s goals for employees, suppliers, the community, the environment, and other stakeholders. Use effective marketing, financial management, and people strategies, combined with the right form of business ownership, to achieve those goals.
Prerequisites:Normally required in Year 1 for Business students
Decision Making for Managers
Prepare yourself for the wide range of business decisions managers make on a daily-basis. Compete against other teams as you run your own simulated business. Using case studies, practice analyzing financial reports, marketing data, and other information to make marketing, operating, human resource, accounting, and finance decisions.
Normally required in Year 1 for Business students
Introduction to Financial Accounting
Begin to speak accounting, the “language of business”. Learn how transactions and events related to cash, receivables, long-lived assets, liabilities, and equity are captured in financial terms and are compiled into financial statements. Read and interpret financial statements, and compare performance from one year to the next or one business to the next.
BUS-121 can also be a corequisite (taken concurrently with BUS-127).
Introduction to Managerial Accounting
Apply basic tools to determine what it costs to deliver products and services, what activities drive costs up or down in your business, what volume of business you need to achieve your desired level of profit, and what costs are relevant for making decisions about special orders, make or buy decisions, product pricing, and capital investments. Prepare and use budgets to translate your business goals into monetary terms.
Year 2 standing
Management Information Systems
Discover the strategic role of information technology and management information systems in organizations. Learn about hardware and software. Gather, analyze, and use data, information, and knowledge to make well-informed business decisions.
Year 2 standing
Learn how businesses obtain and use cash and other sources of financing. Realize the time value of money and how it impacts short- and long-term financing decisions. Apply financial statement analysis and financial forecasting techniques. Use tools to effectively obtain and manage short-term sources of financing. Look ahead to long-term investment and financing decisions that will be the focus of BUS-336, including capital budgeting.
Year 2 standing
Develop insight into how individuals and teams behave in organizations. Harness values, perceptions, attitudes, communication, power, conflict and change management, and organizational design to motivate and equip people to accomplish organizational goals.
Year 2 standing
Personal Finance: The Myth, Mysteries, and Marvels of Money
Discover the world of Scripturally-directed personal finance. Uncover the myth, mysteries, and marvels of wealth creation by examining attitudes about money from around the world. Develop God-honouring models of stewardship towards earning, spending, saving, investing, and giving as you assume responsibility for managing your finances.
This course is not open to Business majors and minors who may take BUS-353.
Introduction to Marketing
Discover how organizations create value and connect with customers through relationships and technology. Examine market segmentation, select a target market, position a company in relation to the competition, analyze new product development and brand management strategies, and develop an effective marketing mix (e.g., product, place, promotion, pricing).
Year 2 standing
Intermediate Financial Accounting I
Learn how to accurately and honestly measure revenue, profit, and organizational resources such as cash, inventory, property, plant, and equipment. Recognize the potential for bias and manipulation in financial reporting. Analyze and evaluate financial results in the context of organizational strategies, as well as economic, industry, and competitive trends.
Students in the Accounting or Management Stream should take this course in Year 3
Introductory Assurance Services
Discover the auditor’s important role in assuring users that they can rely on financial statements for decision-making purposes. Develop an audit plan based on a sound understanding of professional ethics, legal liability, types of audit evidence, and internal controls. Apply the audit process to various operating cycles.
Students in the Accounting Stream should take this course in Year 3BUS-313 can also be a corequisite (taken concurrently with BUS-315).
Intermediate Financial Accounting II
Learn how to accurately and honestly measure liabilities, including income tax, pension, and lease obligations; shareholders’ equity; and complex instruments that contain elements of debt and equity. Calculate and interpret earnings per share. Prepare and analyze the statement of cash flows. Implement other financial reporting requirements and use the information they provide.
BUS-313 can also be a corequisite (taken concurrently with BUS-317).
Management Control Systems
Discover how management control systems direct behaviour towards achievement of organizational strategies and goals. Design and evaluate control systems. Develop effective budgeting systems, incentive systems, and corporate governance systems. Evaluate progress towards organizational goals using a broad range of short- and long-term measures.
Canadian Income Taxation I
Learn about the obligations Canadian income tax legislation places on individuals to pay tax on income from employment, business, and other sources. Use your knowledge of taxation principles and concepts related to income and allowable deductions to calculate taxable income and tax payable for individuals.
Learn how the Canadian legal and justice system provides a framework governing contracts, negligence and other torts, property rights and obligations, employment rights and obligations, debtor-creditor relationships, forms of business, and dispute resolution.
Building on Finance I, learn about long-term investment and financing decisions, including how capital markets function, how to choose between debt and equity financing, and how to choose between public and private financing. Delve into the ever-changing world of hybrid debt/equity instruments, derivative securities, mergers and acquisitions, and international financing.
Human Resource Management
Learn how to get the right people in the right jobs at the right time and for the right price. Help employees develop their gifts and abilities, assess their performance on the job, and prepare them for successful careers.
Year 3 standing
Learn how to manage the processes used to transform inputs into products and services. Design products, select production processes and layouts, forecast product/service demand, manage supply chains, schedule production, and ensure quality.
Equip yourself with the tools and skills you need to make sound financial decisions throughout your life as you earn, save and spend money. Learn how to make wise decisions about everything from student debt to car loans to mortgages to insurance to retirement.
Discover the implications of doing business internationally, including being impacted by world economies, trade tariffs and quotas, cultural differences, and government policies. Analyze how being an international business affects management of human resources, marketing, finance, and other business functions.
BUS-255 or POL-215
Cost and Managerial Accounting
Determine the cost of activities, products, and services; use that information to make management decisions. Investigate how budgets and responsibility accounting affect behaviour. Compare actual and expected results; and analyze how to improve future results. Evaluate strategic investment decisions using advanced capital budgeting techniques.
Advanced Financial Accounting
Apply financial accounting concepts and techniques to three complex business situations: investments and business combinations; foreign transactions and operations; and not-for-profit and public-sector organizations.
Canadian Income Taxation II
Learn about the obligations Canadian income tax legislation places on corporations to pay tax on income from business and other sources. Use your knowledge of taxation principles and concepts to plan and assess
Explore the world of data. Discover how to transform data and develop the insights needed to make wise, practical, creative, and innovative decisions; to solve problems; and to evaluate organizational or project results. Using appropriate analytic tools like spreadsheets and statistical software, delve into the data generated in all disciplines and functional areas of business.
Learn how others make ethical business decisions, and develop a framework for making your own ethical business decisions in a complex global marketplace.
Prerequisites:Year 4 standing; BUS-430 is the Capstone Course in the Business Department
and is required for all majors in the 4th year.
Strategic Management Seminar
Learn how to make strategic management decisions in this hands-on course that makes extensive use of the case-study method. Integrate all of skills and knowledge gained in prior business courses to select the product/market focus, value proposition, and core activities that will successfully align with your organization’s environment, resources, stakeholder preferences, and organizational structures to produce a winning strategy.
Prerequisites:Year 4 standing and final winter term of studies