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Is studying an MBA worth it?

UCW introduces new financial accounting workshop for MBA students

financial accounting

University Canada West students in the Master of Business Administration program can now take a free workshop at the beginning of their degree program to brush up on their accounting skills.

University Canada West (UCW) recently launched FACC 099 – Financial Accounting – a four-week workshop designed to set students up for success in ACCT 621 – Accounting for Managers, a Tier 1 core course that is usually taken in a student’s first term.

Many students starting their MBA program lack the skills needed to do well in ACCT 621. This short workshop provides a basic level of knowledge that is delivered in alignment with the Tier 1 course. The fundamentals provided in the workshop are necessary to fully grasp and utilize in ACCT 621 and other Accounting or Finance courses.

Since it is important that students taking ACCT 621 are equipped with the proper knowledge at the start of their MBA journey, all students are strongly encouraged to take this workshop. Students who have experience with accounting in other countries will also greatly benefit from learning about and understanding the Canadian accounting system.

“This new workshop will provide our students the foundational knowledge they need to succeed in their accounting course, the rest of their studies and into their careers,” said Dr. Larry Earnhart, Department Chair – MBA, Quantitative Studies. “Our goal is to prepare our students for work in the real world, and we believe this workshop will do just that.”

The main topics covered in the workshop include:

  • Introduction to Financial Statements
  • The Debit and Credit System
  • Recording Regular Business Transactions
  • Recording Period End Transactions

The workshop includes four self-guided learning modules with internal quizzes and spreadsheets for practice. Students will have an online meeting each week with the instructor for review and to have any questions answered.

At the end of each module, students must complete a quiz, which will earn them a badge. Students who successfully earn all four badges will earn an FACC 099 Financial Accounting Micro-Credential certificate.

This workshop is free. Students will be automatically enrolled in the workshop when they register for ACCT 621. As this is a non-credit workshop, students who do not wish to take the course will be able to drop the course in the MyUCW Student Portal. 

For more information about the workshop visit the FACC 099 page in the MyUCW Student Portal.

Published on April 5, 2022.