SYLLABUS OF FUNDAMENTALS OF ACCOUNTING
Instructor: Wang Jun
Mobile Phone: 13564308912
Email: wangjun_carol#xdsisu.edu.cn（#替换为@）
REQUIRED TEXTBOOK
ACCOUNTING PRINCIPLES (21TH EDITION), JOHN J. WILD, KEN W. SHAW & BARBARA CHIAPPETTA, ADAPTED BY CUI XUEGANG & RAO QING, CHINA RENMIN UNIVERSITY PRESS CO., LTD
REFERENCES
ACCOUNTING PRINCIPLES (21TH EDITION)(CHINESE VRESION), JOHN J. WILD, KEN W. SHAW & BARBARA CHIAPPETTA, TRANSLATED BY CUI XUEGANG, CHINA RENMIN UNIVERSITY PRESS CO., LTD
FUNDAMENTALS OF ACCOUNTING (6TH EDITION), ZHU XIAOPING & XU HONG, CHINA RENMIN UNIVERSITY PRESS CO., LTD
CHINESE ACCOUNTING STANDARDS AND ITS LATEST DEVELOPMENTS
INTERNATIONAL FINANCIAL REPORTING STANDARDS AND ITS LATEST DEVELOPMENTS
DESCRIPTION
Accounting Principles (Bilingual) is an important basic specialty course for all the majors (Bilingual) of School of Commerce. This course covers the basic theories and methods of accounting. The course will introduce the definition and fundamentals of accounting; analysis and recording of the transactions; the preparation of financial statements; the completion of the accounting cycle; the accounting treatment for merchandising operations; the valuation of the inventory; the internal control for cash and banking activities; the accounting treatment for the receivables, plant assets, natural resources & Intangibles.
OBJECTIVES
The purpose of this course is to let the students to have a clear picture of the meaning and the aims of accounting, to recognize the significance of accounting and to acquire the basic theories and methods of accounting. Also, this course will help the students to have an understanding of the American Accounting Standards, International Financial Reporting Standards & Chinese Accounting Standard.
At the completion of this course, students should:
● Understand the concept, characteristics and the principles of accounting.
● Explain the basic methods of accounting treatments.
● Explain the accounting circle.
● Describe the basic principles of double-entry bookkeeping and to apply the double-entry bookkeeping.
● Describe the procedures of the preparation of accounting documents and books of accounts.
● Prepare the balance sheet and profit and loss account.
● Account for the Receivables, Plant Assets, Natural Resources and Intangibles.
COURSE ASSESSMENT
Class Attendance, homework and classroom performance: 50%.
◇Class Attendance(10%): Students are expected to attend every class session unless unavoidably absent due to illness, approved extracurricular activity, etc. If you miss a lecture you are responsible for obtaining any missed notes and/or handouts on your own unless you are officially excused.
◇Homework(20%): Homework has been assigned with each chapter. Homework will be collected and checked for completeness.
◇Classroom performance(20%): Quick check will be given at the beginning of each week. Students should be able to solve the problems. The written quiz will be given randomly. Students will be divided into several groups. Then they can do the group discussion.
Examinations: 50%. There will be a final examination at the end of the semester. The exam will be close books and notes.
COURSE CONTENTS
Topics | Class Hours | |
Week 1-2 | TOPIC ONE Accounting in Business
| 4 |
Week 3-4 | TOPIC TWO Analyzing and Recording Transactions
| 3 |
Week 5-6 | TOPIC THREE Adjusting Accounts and Preparing Financial Statements
| 3 |
Week 7 | TOPIC FOUR Completing the Accounting Cycle
| 5 |
Week 7-8 | TOPIC FIVE Accounting for Merchandising Operations
| 5 |
Week 8-9 | TOPIC SIX Inventories and Cost of Sales
| 4 |
Week 10 | TOPIC SEVEN Accounting Information Systems; Cash and Internal Controls
| 3 |
Week 11 | TOPIC EIGHT Accounting for Receivables
| 3 |
Week 12 | TOPIC NINE Plant Assets, Natural Resources, and Intangibles
| 3 |
Week 13-14 | TOPIC TEN Current liabilities and long-term liabilities
| 6 |
Week 14 | TOPIC ELEVEN Investments and international operation
| 3 |
Week 15 | TOPIC TWELVE Accounting for corporations
| 3 |
Week 16 | TOPIC THIRTEEN Financial statements and Financial statement analysis
| 3 |
Week 17 | General Review | 3 |
Week 18 | Final Examination | 3 |
Total Hours | 54 |