IAF640 - Business Cases I

Outline info
Last revision date 2018-07-20 11:24:21.918
Last review date 2018-07-20 11:24:38.374

Subject Title
Business Cases I

Subject Description
Business issues rarely manifest themselves as discrete concerns. The symptoms of an issue are often more obvious than their root cause. As well, the timing of dealing with a problem is seldom ideal. Building on disciplines studied in previous terms, this course synthesizes concepts and methodologies and provides students a framework to analyze various business situations into their component parts, to develop possible solutions and to hypothesize the most appropriate one. Using role play, students learn to conduct analyses that are tailored to their users and needs, learning that a "one size fits all" solution rarely works in the business world. Several cases are studied that incorporate real life situations and require both quantitative and qualitative analyses, with a view of developing and honing analytic and evaluative skills.
Pre-requisite: IAF330, IAF410, IAF530, IAF541or IAF540 and LSP500

Credit Status
IAF640 is a required credit course for students in the Bachelor of Commerce - International Accounting and Finance.

Learning Outcomes
Upon successful completion of this subject the student will be able to:

1. Read and comprehend a complex business situation identifying major and minor issues and symptoms of them.

2. Identify within each business situation the role to be undertaken, the decision to be made, the perspectives of each stakeholder and the organizations objectives and key success factors.

3. Isolate root problems and issues.

4. Evaluate relevant information, prioritize problems or issues and formulate potential alternate courses of action.

5. Synthesize stakeholder objectives and needs to propose a preferred alternative.

6. Using language that is clear, precise and appropriate to the reader draft, edit and finalize written communication either formal or informal that suits the scenario.

7. Prepare using overheads, computer software or other visual means to inform or persuade an audience and orally present the recommended resolution of a case appropriate for the audience.

Cheating and Plagiarism
Each student should be aware of the College's policy regarding Cheating and Plagiarism. Seneca's Academic Policy will be strictly enforced.

To support academic honesty at Seneca College, all work submitted by students may be reviewed for authenticity and originality, utilizing software tools and third party services. Please visit the Academic Honesty site on http://library.senecacollege.ca for further information regarding cheating and plagiarism policies and procedures.

All students and employees have the right to study and work in an environment that is free from discrimination and/or harassment. Language or activities that defeat this objective violate the College Policy on Discrimination/Harassment and shall not be tolerated. Information and assistance are available from the Student Conduct Office at student.conduct@senecacollege.ca.

Accommodation for Students with Disabilities
The College will provide reasonable accommodation to students with disabilities in order to promote academic success. If you require accommodation, contact the Counselling and Disabilities Services Office at ext. 22900 to initiate the process for documenting, assessing and implementing your individual accommodation needs.

Students must have completed IAF330, IAF410, IAF530, IAF520.  This subject assumes that students are competent in the foregoing subjects and have basic competencies in grammar, sentence structure, and paragraphing.

Topic Outline

  • Case Analysis
  • Financial Accounting Reporting Issues
  • CashFlow
  • Revenue Recognition
  • Long Term Asset and Impairment
  • Liability Debt
  • Management Accounting

Mode of Instruction

A combination of teaching methods will be utilized which may include lectures, case studies, discussions, group and individual work.

Prescribed Texts
TITLE: Canadian Financial Accounting Cases
EDITION: 2ND Edition
AUTHOR: Camillo Lento, Jo-Anne Ryan, 
ISBN:  9781119277927
Cases identified by the instructor will be distributed in class.

EDITION: 11th Canadian Edition 
AUTHOR: Kieso, Weygandt, Warfield, Young and Wiecek with Wileyplus. 
Publisher: John Wiley and Sons  
ISBN:  V1 9781119048534; V2 9781119048541

Reference Material
Seneca Libraries. Guide to Research and Citation: MLA Style. Latest Edition,. Toronto: Seneca College.

CICA Handbook. Canadian Institute of Chartered Accountants

Required Supplies

Promotion Policy

Grading Policy
A+ 90%  to  100%
A 80%  to  89%
B+ 75%  to  79%
B 70%  to  74%
C+ 65%  to  69%
C 60%  to  64%
D+ 55%  to  59%
D 50%  to  54%
F 0%    to  49% (Not a Pass)
EXC Excellent
SAT Satisfactory
UNSAT Unsatisfactory

For further information, see a copy of the Academic Policy, available online (http://www.senecacollege.ca/academic-policy) or at Seneca's Registrar's Offices.

Modes of Evaluation

Final Exam
Total 100%

Missed Tests and Assignments

Tests dates have been pre-arranged and are non-negotiable.  If a test is missed, the student must provide the reason in writing, within one week of the date of the test.  If acceptable, the marks will be added to the final examination;  otherwise, a zero grade will be assigned for the missed test.

Language Across the Curriculum Rubric

Clear   Confusing  
Good Detail   Lacks Detail  
Easy to follow   Difficult to follow  
Answers Question   Evades Question  

Attendance and Participation

Consistent attendance is important for success in this course.  If you are absent from class, you are still responsible for the material and assignments.

Considerate classroom conduct, adequate class preparation, and participation will enhance your academic experience and that of your colleagues.  In particular, you are asked to be prompt, courteous, responsible and collaborative. 

Student/Faculty Consultation

Please make an appointment to discuss subject material, as well as your progress in the course, with your professor during office hours.

Learning Centre

For free assistance in English, visit our Writing Centre and make an appointment with one of our tutors. Tutors can offer guidance and help you remedy writing problems, but will not proofread, or correct grammar, or alter content.

Please retain this subject outline document for future educational and/or employment use.

Program Coordinator
Cynthia Duncan

Approved by: Chair - Business Studies Danielle Mercier