Toronto MBA with CPA Option Course Descriptions

Part-time Weekend Program Format

 

Spring, Fall, Winter, Spring (Terms 1, 2, 3, 4)

Course Number Course Title Integrated Core Course Descriptions
BU601 Strategic Management An examination of the key processes involved in managing the total enterprise from the point of view of the general manager. These include strategy formulation, implementation and change. The course seeks both to integrate material from other more specialized required courses and to familiarize students with the basic concepts, theories, tools and methods in the field of strategic management.
BU602 Marketing An overview of marketing management with an emphasis on understanding and applying theories and concepts in marketing. An analytical foundation for creating, communicating and implementing integrated marketing plans is developed and reinforced through application. The course also introduces the unique contexts of marketing and illustrates the need to integrate marketing with the other functional areas of business.
BU603 Financial Management An introduction to the fundamentals of corporate finance, including securities valuation and interest rates, risk and return trade-off involved in corporate investments decisions, capital budgeting and sources of long-term financing, capital structure decisions and how they affect corporate value, dividend policy and corporate restructuring, and sources of short-term financing and working capital management.
BU604 Organizational Behaviour An introduction to the human side of managing organizations in today’s environment, including links between the organization’s strategy, its human resources, the internal systems and processes, and the outcomes achieved. Creating, managing and responding to change is a major focus.
BU605 Operations Management An overview of important concepts and methods used in managing business operations. Topics include: product and process design, facility location and layout, capacity planning, quality assurance, materials management and scheduling. Essential ideas and techniques from probability, statistics, management science and information systems are also covered.
BU606 Economics An introduction to the principles of resource allocation, and to the tools necessary to look at the economy as part of the environment in which business decisions are made. Topics include an examination of micro and macro policies, including the impact of taxation, monetary policy, regulation, interest rates and exchange values on business in general as well as on the individual firm.
BU607 Accounting An introduction to the fundamental accounting skills required by managers, including the analysis of financial statements, the use of accounting information in both short-run and long-run decisions, and an understanding of the impact of management control systems on the organization.
BU609 Business Analytics The course introduces systematic approaches to management decision making under conditions of certainty and uncertainty. Applications of all approaches to functional areas of business will be considered through the use of case studies and computer software.

 

Fall (Term 5)

Course Number Course Title Course Description of Required Courses
BU617 Financial Accounting I This course focusses on the concepts, methods and uses of financial information. It includes an in-depth examination of the accounting theory that is the basis of current accounting practice and how it can be applied to emerging issues; the application of the procedures and practices under Generally Accepted Accounting Principles (GAAP); and the examination of how financial accounting serves the needs of external decision-makers: investors, creditors, and other interested individuals and groups including the public at large.
Prerequisites: BU607
Exclusions: BU697m
BU651 The Canadian Legal Environment for Managers To provide a better understanding of the legal environment in which one must function as a manager, areas of discussion include a review of the Canadian legal system; the role of the courts and administrative tribunals; the civil and criminal responsibility of the corporation; the legal positions of directors, officers and shareholders, and their rights and obligations under the law; and laws dealing with product liability and competition offences.
Prerequisites: BU601, BU602, BU603, BU604, BU605, BU606, BU607, BU609

 

Winter (Term 6)

Course Number Course Title Course Description of Required Courses
BU627 Financial Accounting II This course provides a detailed study of accounting principles, practices and concepts with an emphasis on their application for liabilities and equity accounts. It builds on Financial Accounting I, including an emphasis on Canadian Generally Accepted Accounting Principles (GAAP) and how financial accounting serves the needs of external decision-makers.
Prerequisites: BU617
Exclusions: BU697n
BU747 Taxation I This course intends to introduce students to the Canadian Income Tax Act and its applications in the taxation of individuals and corporations.

 

Spring (Term 7)

Course Number Course Title Course Description of Required Courses
BU697u Intermediate Managerial Accounting This course addresses managerial accounting which includes a variety of tools and concepts that assist managers with planning and co-ordination, motivation and evaluation of activities of the organization and its members. This course includes an in-depth study of cost and management accounting techniques/concepts and their application to product costing, planning, control and decision-making.
BU717 Introduction to Auditing The objectives of this course are to develop a solid understanding of auditing theory, concepts and standards, as well as an appreciation for the institutions and environment in which the auditor operates.
Prerequisites: BU607, BU617, BU627

 

Fall (Term 8)

Course Number Course Title Course Description of Required Courses
BU637 Financial Information System This course explores the role of the management accountant in the design, implementation and use of contemporary financial information systems. Particular attention is paid to the use of accounting systems to support strategic objectives.
Prerequisites: Registration in the final year of the MBA with CMA option program
Exclusions: BU697Q
BU667 Advanced Financial Reporting This course is a combination of topics typically covered in advanced financial accounting theory. The course is designed to cover the CPA-Canada syllabus requirements and also to expose participants to a broad variety of topics selected to examine contemporary financial reporting issues. Every effort will be made to deliver the course so that participants will develop competencies in both the preparation and use of accounting information. This course emphasizes both theoretical and technical aspects.
Prerequisites: BU607, BU617, BU627

 

Winter (Term 9)

Course Number Course Title Course Description of Required Courses
BU517 Financial Statements Analysis This course will focus on the use of financial statements in decision making. It will give you the opportunity to combine the knowledge and skills that you have acquired in previous courses to assess the financial position and performance of a firm.
The first part of the course will focus on three topics: the introduction of standard analytical tools (ratios); financial instruments; and a study of business valuations.
The second part of the course will focus on financial statement analysis, including: possible manipulation of information by managers; an exploration of incentives that might result in manipulation; a discussion of accounting policy choices that might permit management of results and position.
Prerequisites: BU387, BU397
Exclusions: BU417
BU767 Taxation II This course is an extension of BU357 with an introduction to tax planning for individuals, corporations, partnerships and trusts.
Prerequisites: BU607, BU747

 

Spring (Term 10)

Course Number Course Title Course Description of Required Courses
BU663 Advanced Corporate Finance This is a course in advanced corporate finance dealing with corporate valuation methods and applications to key corporate finance decisions. It covers the traditional valuation methods (i.e., discounted cash flow and relative valuation methods), as well as the contingent claims valuation approach (i.e., options theory based valuation). The applications of the traditional valuation methods to value-based management (i.e., mergers and acquisitions and corporate restructuring and capital structure choices) and of options theory to corporate finance will be emphasized.
Prerequisites: BU603; this prerequisite waived for MFin students
BU687 Advanced Managerial Accounting This course covers advanced, current and emerging topics in the field of management accounting. The course is designed for students enrolled in the CPA designation program. It draws upon the previous foundation courses taken within the program.
Prerequisites: BU617, BU627
Exclusions: BU697j

 

Fall (Term 11)

Course Number Course Title Course Description of Required Courses
BU537 Seminar in Accounting The main objective of this course is to begin preparing students to write integrated accounting cases, similar to those found on the Chartered Professional Accountant professional examinations. In this course students will have the opportunity to develop and refine their case writing skills in preparation for the CPA exam. To that end, specific objectives of this course include:
1. Planning and reviewing practice cases together with a solid theoretical base and an understanding of the examination format;
2. Establish a solid technical base and develop analytical skills;
3. Practice critical thinking, analysis and decision making; and
4. Develop the skills required to successfully write multi-subject integrative case questions
Prerequisites: BU397, BU477
Exclusions: BU447
BU527 Controls Performance measurement and control are essential functions of management to ensure that the organization’s objectives and strategies are carried out effectively. Management control is a critical function of management; it increases the probability of organizational success. Management can use a combination of mechanisms to achieve organizational control. One is to hire good people who can be relied upon to serve the firm well (personnel controls). Another alternative is to ensure that employees do not perform certain actions known to be harmful to the organization (action controls). Finally, management control can be achieved by rewarding individuals for generating good results (results controls).
Exclusions: BU417

 

Winter (Term 12)

Course Number Course Title Course Description of Required Courses
BU610 Part 1 Covers material for Capstone 1
BU610 Part 2 Covers material for Capstone 2