IAF816 - Critical Thinking, Analysis and Decision

Outline info
Last revision date 2018-07-20 11:24:24.284
Last review date 2018-07-20 11:24:43.417

Subject Title
Critical Thinking, Analysis and Decision

Subject Description
This is a capstone course stressing the pervasive competencies and critical thinking skills required from business school graduates, future professional accountants and advisors.This course provides students with an opportunity to integrate the technical and practical knowledge obtained in the prerequisite and other Seneca courses and to apply this knowledge to case type situations. Because of the integrative nature and content of the course, the course will be directed towards students with a strong background in accounting and those seeking an accounting designation

Credit Status
One credit towards the Bachelor of Commerce - International Accounting and Finance degree programs

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

1. Apply knowledge to case type situations.

2. Apply competencies and compose solutions as part of a business decision-making team.

3. Create cross-functional approach to problem solving, as real life problems require integration across the specific knowledge areas of risk management, performance measurement, assurance, finance, taxation, information technology and organizational effectiveness

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.

Advanced level financial accounting, management accounting, auditing, finance, accounting theory, economics and quantitative methods/statistics. Approval of the coordinator.

Topic Outline

Introduction to Integration and Analysis
Skills Required
Suggested Approach for Multi-Subject Questions
Grades vs. Competency Based Assessment
Multi-subject cases
Comprehensive Cases

Mode of Instruction
The in-class portion of the course will primarily be in a seminar or case discussion format, usually the latter.

The case assignments will be distributed in a prior class session for discussion in a subsequent session.

Course participants will work in groups to prepare solutions to the cases.
Solution preparation involves thorough familiarization with the case facts and issues, analysis of alternatives, integration of knowledge, and application of judgement to arrive at a practical recommendation.

The format for in-class discussion of cases will vary between presentation/ discussion led by a student group or your instructor leading the entire discussion.

All important aspects of each solution will be covered in class.

• This subject is taught through class lectures and online and in-class discussion of assigned readings, problems, and cases.
• Students are expected to have read assigned materials before class.
• Student presentations on certain topics will also be required.
• Attendance and participation in each class and online discussion is essential.

Prescribed Texts
TITLE: Canadian Financial Accounting Cases
AUTHOR: Lento, Ryan
ISBN: 9781119277927

Reference Material
Course Materials:
Each group should have at least one copy of the CICA Handbook available for
use during the in-class sessions. In addition, there are course notes prepared exclusively for this course that pertain to integration and analysis cases.

Required Supplies
CICA Handbook (available online via library)
IFRS standards (available on course website)

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

Assignments 20%
Term - Test #1 40%
Final Exam 40%

Each exam will involve approximately 4.0 hours of writing responses to professional examination style questions. The questions are new and have been developed exclusively for this course. The standard applied will be tailored to one appropriate for a fourth year Commerce student.  We do not expect students to be at a UFE  or ICAO Summer School level of performance at this stage in their preparation. 
There are no make-ups, so special arrangements, if warranted, must be arranged with the professor before the scheduled date.

Policies Regarding Term Tests

The two term tests are open book and you can bring your CICA Handbook and  Income Tax Act. Silent, non-programmable calculators are allowed. 

In the event a student misses one of the two term tests due to illness or domestic tragedy, the student must contact the instructor immediately, and submit a medical certificate indicating type of illness, or date of illness (or other applicable documentation for domestic situations) to the instructor in the class following the test. In the case of one of the two term tests being missed, the student mark will be reweighted so that the entire term test mark will be based on the term test that was not missed.


Any modifications to the course will be announced and explained in class.


Your subject facilitator will take on the following responsibility:
  • ensure that the instructional materials are prepared for you;
  • challenge you and engage your intellect;
  • ensure you get the support you need throughout (technical, instructional, procedural, etc.);
  • ensure you receive regular and meaningful feedback on your progress;

As participants you need to take on responsibility for the following:
  • attend in-class sessions;
  • complete assigned tasks;

In-class Discussions

As well, it's useful to set out guidelines or norms for interaction in-class and online. Here are some suggested guidelines for us:
  • we will all strive to create and maintain a welcoming and safe environment;
  • we will strive to support each other in the learning process;
  • all discussion will be respectful of others' opinions and ideas;
  • lively debate is welcome; personal attacks are not;

Communication Skills

All tests, oral and written assignments, and examinations must meet Seneca’s standards for appropriate and acceptable communication skills.  Marks are provided for a demonstration of appropriate English skills and are deducted for spelling errors and for presenting materials in an in-concise and unclear manner. 

Language Across the Curriculum Rubric

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

Seneca College Library Resources
Be sure to begin all your research, assignment support and career preparation at the Seneca College libraries website http://library.senecacollege.ca where you will find information about our services and collections including, print and e-books, databases that will lead you to thousands of articles in magazines, newspapers, journals, encyclopedias, carefully selected websites, how-to tutorials, streamed videos and much more.

Accounting & Financial Services Subject Guide
Go to http://seneca.libguides.com/content.php?pid=51134&hs=a for an online customized guide for accounting and financial services students that meets specific program needs – you will find library resources, websites, industry associations and organizations, a business glossary, career sites for accounting and financial services students and more.

For rules on citing your sources, consult Seneca Libraries' online MLA Citation Guide at http://seneca.libguides.com/mla, or purchase a print copy of the Guide to Research & Citation: MLA Style in the Seneca Bookstore.
Ensure that you do not commit plagiarism. Information on academic honesty, including the Academic Honesty and Plagiarism tutorial is available through the library at: http://seneca.libguides.com/academichonesty.

Approved by: Academic Program Manager - Business Studies Danielle Mercier