# SUMMER 2009

SECTION-7

Course Instructor: Mr. A

PhD Candidate in Accounting, Cardiff University, UK

BA (Hons)-London, MSc (London), ACCA (Part Qualified)

Lecture Venue: NAC602

Lecture Time: ST 4:20 AM – 5:50 PM

Office Room: TBA

Office Hours: ST 6:00-8:00, MW: 6:00-8:00 and by appointment

Contact: E-mail:

#### Aims and objectives:

This Module is an introductory course of accounting. The students will have the opportunity to develop their skills in understanding the basic concepts and techniques of financial accounting. Upon completion of this course, the students should be able to:

• Demonstrate an understanding of the basic accounting principles and concepts;
• Complete journal entries, post to ledger, perform adjusting and closing entries for a set of books;
• Prepare financial statements and reports;
• Understand the need for internal control as well as preparing a bank reconciliation;
• Process transactions relating to receivables, payables, inventories, plant assets, natural resources and intangible assets;
• Demonstrate an understanding of the cash and accrual methods of accounting;
• Process transactions relating to a merchandising company;
• Display a working knowledge of special journals;
• Demonstrate an understanding of financial analysis and reporting;
• Discuss the difference in the accounting processes of the sole proprietorship and partnership;
• Identify the ethical issues which exist in the business community.

Core Text:

Accounting Principles, 8th edition By Jerry J. Weygandt, Donald E.  Keiso and Paul D. Kimmel. Published by John Wiley and Sons Inc.

Assessment:

 Midterm One 15 Midterm Two 15 Quiz 10 Assignment & Presentation 20 Attendance 05 Class Participation 05 Final Exam 30 Total 100

 Mark (%) Grade Grade Points 93% and above A 4.0 90-92 (%) A- 3.7 87-89 (%) B+ 3.3 83-86 (%) B 3.0 80-82 (%) B- 2.7 77-79 (%) C+ 2.3 73-76 (%) C 2.0 70-72 (%) C- 1.7 67-69 (%) D+ 1.3 60-66 (%) D 1.0 Below 60 (%) F (Fail) 0.0

The individual assignment and the presentation date will be announced later. The assignment should be written by your own words. Please be advised that Plagiarism of assignment will be marked as 0. The full references are to be given using the Harvard system.

Therefore, the cheating policy is very simple. If you are caught on cheating, you FLUNK THE ENTIRE COURSE.  There is no such thing as a second chance.  Cheating is cheating, whether it is “just a quiz”, the final exam, or anything in between.

MAKE UP EXAMS POLICY: Good excuse, bad excuse, or no excuse at all, THERE IS NO SUCH THING AS A MAKE UP EXAM.  If you do not take the exams, for whatever reason, the grade you make on the final exam will be your grade for the exam that was missed. However, time will say what to do!!!!!!!!

Notes to Remember/ General Policies:

• Please get to class on time. People who come in late disturb everyone else.

• Mobile or any electronic devices are strictly prohibited during the lectures.

• The classroom is not a lunchroom.  Please do not plan on having lunch or breakfast in here because the noise disturbs others. If you just have to bring a beverage, tea or coffee in here, please make sure it is in either a can or a bottle.

• Please feel free to ask any questions during the lectures or office hours. If you don’t ask questions will result in poor marks.

• Put yourself on a realistic schedule of daily preparation; reading textbook, lecture notes and further readings.

• Do not wait until the last minute to complete the assignments and prepare for the exams as you have a deadline to meet the criteria. AGAIN, DO NOT WAIT UNTIL THE LAST MINUTE. COM. It is your responsibility to turn assignments, lectures and readings in a timely manner.

• Finally, this course is one which is not so easy to do by oneself. So, it is strongly recommended that you attend regularly.

Class Schedule ( Act 201, Summer 2009)

 Lecture Topics Lecture 1 Ch 1: Introduction and Accounting in Action Lecture 2 Ch 1 Lecture 3 Ch 2: The recording process Lecture 4 Ch 2 Lecture 5 Ch 3: Adjusting the Accounts Lecture 6 Ch 3 Lecture 7 Ch 4: Completion of Accounting Cycle Lecture 8 Ch 4 Lecture 9 Ch 5: Accounting and Merchandising Operation Lecture 10 Ch 5 Lecture 11 Ch 6: Inventories Lecture 12 Ch 6 Lecture 13 Ch 7: Accounting for Information Systems Lecture 14 Ch 7 and Lecture 15 Ch 8:  Internal Control and Cash Lecture 16 Ch 8 Lecture 17 Ch 9: Accounting for Receivable Lecture 18 Ch 9 Lecture 19 Ch 10: Plant, Assets Lecture 20 Ch 10 Lecture 21 Ch 19: Financial Statement Analysis Lecture 22 Ch 19 and Lecture 23 Ch 19 Lecture 24 Revision