《Accounting(会计学基础)》教学大纲-英文
Course Syllabus for Accounting
Prepared by：Yaqin Song
School of Accounting
Approved by:
Prepare time: 15-7-2011
Part 1Course Information
1. General information
(1) Course Code: 622510010
(2) Attributes: Compulsory, Elementary course of subject
Credit Value: 4 Credits
Total Teaching Hrs: 72 hrs
(3) Target Major: School of International Trading and Finance
(4) Pre-requisite Course: None
2. Course description
As an introductory course, this course is designed to enable students to build a foundation of knowledge and skills in preparation for the other courses in financial accounting, as well as for the study of related courses in the accounting curriculum. It addresses not only the technical and procedural aspects of preparing external financial statements but also the concepts and principles of the accounting process.
This course consists of fourteen lessons：Accounting in business，Analyzing and recording transactions, Adjusting accounts and preparing financial statements, Completing the accounting cycle, Accounting for merchandising operations, Inventories and cost of sales, Accounting information systems, Cash and internal controls, Accounting for receivables, Plant assets, natural resources, and intangibles, Current liabilities and payroll accounting, Long-term liabilities, Investments, and Accounting for corporations.
3. Leaning objectives
The broad aims of the course are to provide students with a sound introduction to the:
? general concepts of financial accounting
? procedures used in th e preparation of financial statements
? use of accounting information in managerial and financial decision making
? various ethical considerations in accounting
?development of analytical and problem solving skills
4. Teaching team
Course controller: Miss Yaqin Song, Master of Management, CPA, Lecturer of Accounting Contact details: Office Room 503, Minzhi Building
Tel 025-********
Email songyaqin@https://www.wendangku.net/doc/398584734.html,
5. Resources for teaching and learning
●Main text
John J. Wild，Principles of Accounting (19th Edition),China Renmin University Press, July 2009
●Reference
1.John Hoggett, Lew Edwards, John Medlin, Matthew Tilling, Accounting(7th Edition), John Wiley & Sons Australia, Ltd,2009
2.Carl S. Warren, James M. Reeve, Philip E. Fess, Accounting, South-Western, 2002
●Other Resources
Students are also expected to consult reference material via the internet as appropriate.
Useful websites include:
(1) Nanjing Audit University library catalogue at https://www.wendangku.net/doc/398584734.html,/
(2)Ministry of Finance of PRC can be accessed at https://www.wendangku.net/doc/398584734.html,/
(3)FASB of US can be accessed at https://www.wendangku.net/doc/398584734.html,/home
6. Requirements for teaching
(1) This course will be primarily organized/taught in “Lecturer +Tutorials/Workshop”format;
(2) Instructors will deliver lectures covering main topics in this course;
(3) Electronic communication will be used frequently in this course. Lectures are supposed to manipulate NAU Blackboard. All course materials, including PPT and additional information, will be available on Blackboard within one week before the new semester. The controller will use Blackboard to send messages to students via the announcement page during the whole semester.
(4) Assignments and examination will be delivered in English. Lecture will be delivered bilingually.
7. Requirements for learning
(1) Students are required to complete assignments of each chapter independently.
(2) Participation and involvement is highly recommended and expected
(3) It is students’ responsibility to regularly access Blackboard in order to remain informed about the current administration of the course.
(4) Students must complete all assessment activities to be able to pass this course (see “Assessment Criteria” below for details)
8. Assessment criteria
To pass this course you must:
a)Receive an overall mark greater than or equal to 60, AND
b)Complete all assessment activities
Part 2 Course Schedule
Part 3 Main Teaching Points
Chapter 1 Accounting in Business 【Objectives】
In this chapter, you will learn the following conceptual objectives:
C1: Explain the purpose and importance of accounting in the information age
C2: Identify users and uses of accounting
C3: Identify opportunities in accounting and related fields
C4: Explain why ethics are crucial in accounting
C5: Explain the meaning of GAAP, and define and apply several key accounting principles In this chapter, you will learn the following analytical objectives:
A1: Define and interpret the accounting equation and each of its components
A2: Analyze business transactions using the accounting equation
In this chapter, you will learn the following procedural objectives:
P1: Identify and prepare basic financial statements and explain how they interrelate
【Contents 】
A. Importance of Accounting
1.Importance of accounting
https://www.wendangku.net/doc/398584734.html,ers of Accounting information
3.Opportunities in Accounting
B. Fundamental of Accounting
1.Ethics-A key concept
2.Generally accepted accounting principle
C. Transaction Analysis and the Accounting Equation
1.Accounting equation
2.Transaction analysis
D. Financial Statements
1.Income statement
2.Statement of owner’s equity
3.Balance sheet
4.Statement of cash flows
【Key points & Difficult points】
Key points：Understand what is accounting
Explain what are Generally Accepted Accounting Principles
Apply accounting equation to analyze transactions
Briefly understand main financial statements
Difficult points：Apply accounting equation to analyze transactions
Chapter 2 Analyzing and Recording Transactions
【Objectives】
In this chapter, you will learn the following conceptual objectives:
C1: Explain the steps in processing transactions
C2: Describe source documents and their purpose
C3: Describe an account and its use in recording transactions
C4: Describe a ledger and a chart of accounts
C5: Define debits and credits and explain their role in double-entry accounting
In this chapter, you will learn the following analytical objectives:
A1: Analyze the impact of transactions on accounts and financial statements
In this chapter, you will learn the following procedural objectives:
P1: Record transactions in a journal and post entries to a ledger
P2: Prepare and explain the use of a trial balance
P3: Prepare financial statements from business transactions
【Contents】
A. Analyzing and Recording Process
1.Source document
2.The account and its analysis
B. Analyzing and Processing Transactions
1.Ledger and chart of accounts
2.Debit and credits
3.Double-entry accounting
4.Journalizing and posting transactions
5.Analyzing transaction-an illustration
6.Accounting equation analysis
C. Trial Balance
1.Prepare a trial balance
https://www.wendangku.net/doc/398584734.html,ing a trial balance to prepare financial statements
【Key points & Difficult points】
Key points：Explain and apply double entry accounting
Journalize and post transactions
Prepare trial balance and explain its role Difficult points：Explain and apply double entry accounting
Chapter 3 Adjusting Accounts and Preparing Financial Statements
【Objectives】
In this chapter, you will learn the following conceptual objectives:
C1: Explain the importance of periodic reporting and the time period principle
C2: Explain accrual accounting and how it improves financial statements
C3: Identify the types of adjustments and their purpose
In this chapter, you will learn the following analytical objectives:
A1: Explain how accounting adjustments link to financial statements
In this chapter, you will learn the following procedural objectives:
P1: Prepare and explain adjusting entries
P2: Explain and prepare an adjusted trial balance
P3: Prepare financial statements from an adjusted trial balance
【Contents】
A. Timing and Reporting
1.The accounting period
2.Accrual basis versus cash basis
3.Recognizing revenues and expenses
B. Adjusting Accounts
1.Framework for adjustments
2.Prepaid expenses
3.Unearned revenues
4.Accrued expense
5.Accrued revenues
6.Links to financial statements
7.Adjusted trial balance
C.Preparing Financial Statements
【Key points & Difficult points】
Key points：Explain links between accrual accounting and adjusting entries Prepare and explain adjusting entries
Explain impacts of adjusting on financial statements Difficult points：Prepare and explain adjusting entries
Explain impacts of adjusting on financial statements
Chapter 4Completing the Accounting Cycle 【Objectives】
In this chapter, you will learn the following conceptual objectives:
C1: Explain why temporary accounts are closed each period
C2: Identify steps in the accounting cycle
C3: Explain and prepare a classified balance sheet
In this chapter, you will learn the following procedural objectives:
P1: Prepare a worksheet and explain its usefulness
P2: Describe and prepare closing entries
P3: Explain and prepare a post-closing trial balance
【Contents】
A. Work Sheet as a Tool
1.Benefit of a work sheet
https://www.wendangku.net/doc/398584734.html,es of a work sheet
3.Work sheet applications and analysis
B. Closing Process
1.Temporary and permanent accounts
2.Recording closing entries
3.Post-closing trial balance
C. Classified Balance Sheet
1.Classification structure
2.Classification categories
【Key points & Difficult points】
Key points：Explain why temporary accounts are closed each period
Identify steps in the accounting cycle
Describe and prepare closing entries
Explain and prepare a classified balance sheet
Difficult points：Explain why temporary accounts are closed each period
Chapter 5Accounting for Merchandising Operations
【Objectives】
In this chapter, you will learn the following conceptual objectives:
C1: Describe merchandising activities and identify income components for a merchandising company
C2: Identify and explain the inventory asset of a merchandising company
C3: Describe both perpetual and periodic inventory systems
C4: Analyze and interpret cost flows and operating activities of a merchandising company
In this chapter, you will learn the following procedural objectives:
P1: Analyze and record transactions for merchandise purchases using a perpetual system
P2: Analyze and record transactions for merchandise sales using a perpetual system
P3: Prepare adjustments and close accounts for a merchandising company
P4: Define and prepare multiple-step and single-step income statements
P5: Appendix 5A: Record and compare merchandising transactions using both periodic and perpetual inventory systems
【Contents】
A. Merchandising Activities
1.Reporting income for a merchandiser
2.Reporting inventory for a merchandiser
3.Operating cycle for a merchandiser
B. Accounting for Merchandise Purchases
1.Trade discounts
2.Purchase discounts
3.Purchase returns and allowances
4.Transportation costs and ownership transfer
C. Accounting for Merchandise Sales
1.Sales of merchandise
2.Sales returns and allowances
D. Completing the Accounting Cycle
1.Adjusting entries for merchandisers
2.Preparing financial statements
3.Closing entries for merchandisers
4.Summary of merchandising entries
E. Financial Statements Formats
1. Multiple-step income statement
2. Single-step income statement
3. Classified balance sheet
F. Perpetual Inventory System and Periodic Inventory System
1. Accounting for inventory transaction using a perpetual inventory system
2. Accounting for inventory transaction using a periodic inventory system
【Key points & Difficult points】
Key points：Describe both perpetual and periodic inventory systems
Analyze and record transactions for merchandise purchases using a perpetual system
Analyze and record transactions for merchandise sales using a perpetual system
Define and prepare multiple-step and single-step income statements
Difficult points：Record and compare merchandising transactions using both periodic and perpetual inventory systems
Chapter 6 Inventories and Cost of Sales
【Objectives】
In this chapter, you will learn the following conceptual objectives:
C1: Identify the items making up merchandise inventory
C2: Identify the costs of merchandise inventory
In this chapter, you will learn the following analytical objectives:
A1: Analyze the effects of inventory methods for both financial and tax reporting
A2: Analyze the effects of inventory errors on current and future financial statements
In this chapter, you will learn the following procedural objectives:
P1: Compute inventory in a perpetual system using the methods of specific identification, FIFO, LIFO, and weighted average
P2: Compute the lower of cost or market amount of inventory
P3: Appendix 6A: Compute inventory in a periodic system using the methods of specific identification, FIFO, LIFO, and weighted average
【Contents】
A. Inventory Basics
1. Determining inventory items
2. Determining inventory costs
3. Internal controls and taking a physical count
B. Inventory Costing under a Perpetual Inventory System
1.Inventory cost flow assumptions
2.Inventory costing illustration
3.Specific identification
4.First-in, first-out
https://www.wendangku.net/doc/398584734.html,st-in, first-out
6.Weighted average
7.Financial statement effects of costing methods
8.Consistency in using costing methods
C. Valuing Inventory at LCM and the Effects Inventory Errors
1.Lower of cost or Market
2.Financial statement effects of inventory errors
D. Inventory Costing Under a Periodic Inventory System
1.Specific identification
2.First-in, first-out
https://www.wendangku.net/doc/398584734.html,st-in, first-out
4.Weighted average
5.Financial statement effects of costing methods
【Key points & Difficult points】
Key points：Compute inventory in a perpetual system using the methods of specific identification, FIFO, LIFO, and weighted average
Compute the lower of cost or market amount of inventory
Difficult points：Analyze the effects of inventory methods for both financial and tax reporting
Chapter 7 Accounting Information Systems
【Objectives】
In this chapter, you will learn the following conceptual objectives:
C1: Identify fundamental principles of accounting information systems
C2: Identify components of accounting information systems
C3: Explain the goals and uses of special journals
In this chapter, you will learn the following procedural objectives:
P1: Journalize and post transactions using special journals
P2: Prepare and prove the accuracy of subsidiary ledgers
【Contents】
A. Fundamental System Principles
1. Control principle
2. Relevance principle
3. Compatibility principle
4. Flexibility principle
5. Cost-benefit principle
B.Special Journals in Accounting
1. Basics of special journals
2. Subsidiary ledgers
3. Sales journal
4. Cash receipts journal
5. Purchases journal
6. Cash disbursement journal
7. General journal transactions
【Key points & Difficult points】
Key points：Explain the goals and uses of special journals
Journalize and post transactions using special journals
Prepare and prove the accuracy of subsidiary ledgers Difficult points：Explain the goals and uses of special journals