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Main Text: FINANCIAL ACCOUNTING, 10 th edition; Albrecht, Stice, Stice, Swain.
Principles of Financial Accounting provide an introduction to the concepts and uses of financial accounting information in a business environment and its role in the economic decision-making process. Accounting is referred to as the language of business. Primary areas of study include the theory of debits and credits, special journals, the accounting cycle, notes and interest, receivables and payables, accruals and deferrals, measurement and valuation of assets and liabilities, the determination of net income (profit) and the preparation and analysis of basic financial statements.
In each functional unit, relevant financial information must be communicated in form of financial statements. Is accounting as an information system, that provides economic and financial information to internal user such as managers for instance or external users such as banks, customers etc. They decide based upon.
Broad accounting topic areas to be covered include:
The overall course goals are:
Primary teaching methods aims to introduce knowledge and skills. They consist in conceptual lectures and in class review and discussions of problems, case studies and real situation about issues raised from media. Field trips organized to have knowledge in the practical aspect of financial accounting. Ability to use knowledge as implied in syllabus, are taught aiming a number of learning behavior levels such as application, analysis, innovation/creativity, evaluation.
Students are expected to attend & participate in all classes. Students missing more than 20% of classes will receive an “F” grade for the semester. Withdrawal by students must be in accordance with UNYT withdrawal policies.
There will be two tests, one midterm 35 % and one final test that will be worth 40 % of your final grade. Homework and in class active participation in exercises will be worth 10 %, quizzes 5%, There will be an exercise case study worth 10 %. There are no make-up or grade improvement projects. All tests must be taken at the time scheduled unless there are extreme emergencies in which case a make-up test will be allowed. Failure to take a test results in a zero grade for that test. Your final grade will be determined according to the following grading scale:
|96-100 = A||87-89 = B+||77-79 = C+||67-69 = D+||0-59 = F|
|90-95 = A-||83-86 = B||73-76 = C||63-66 = D|
|80-82 = B-||70-72 = C-||60-62 = D-|
HOMEWORK and Class participation:
Assigned homework is required to be completed prior to class review. Class sessions are split between discussion and homework review. Initially we discuss and work exercises for the assigned chapter. For you to benefit from this session you must go over the chapter material before we discuss it in class. Timely completion of homework during class review will be noted. Any discussions of your individual performance during the term will include reference to the timeliness and completeness of your assignments. Active participation during the class in solving exercises and problems is valuated as well.
In case of absences, students are expected to collect the distributed materials from their classmates.
Electronic devices: Mobile phones (and other electronic devices) must be turned off and not used in class other than during breaks.
|1||1,2||Accounting Information, users and uses.
|2||3||The mechanic of accounting|
|3||4||Completing the accounting cycle|
|4||5,6||Introduction to financial statement analyses
Ensuring the integrity of financial information
Selling a product or service
Completing the operating cycle
|8||10||Investment in property, plant and equipment, intangible assets|
|9||11||Long term debt financing|
|11||13||Investment in debt and equity securities|
|12||14||The statement of cash flows|
STUDENTS with Learning Difficulties
Learning Difficulties: If you feel that you have encountered special learning difficulties or serious problems that interfere with your studies, please make an appointment with UNYT Counseling Center, Dr. E Cenko (firstname.lastname@example.org) and/or the Academic Support Center, Dr. A Canollari (email@example.com). For more information, please contact me and or your academic advisor. They are trained to help students with learning difficulties and other issues. She has offered to provide this service to UNYT students, just as it is offered in all American universities.
Drinks and food : Drinks are allowed in the classroom however be respectful of others and dispose of the trash.
ACADEMIC DISHONESTY, CLASSROOM ETIQUETTE & STUDENT BEHAVIOR
The applicable portions of the UNYT Bulletin are incorporated herein by reference and made apart hereof.
Disruptive behavior in class is rude and shows a lack of respect for your colleagues.
Cheating shows a lack of confidence in your self.
Neither trait is found in respected business leaders.
Neither trait is tolerated in this classroom.
Chapter Readings are to be completed PRIOR TO the assigned class!