Teaching Hours : 32

Key Words :Financial Accounting

Purpose and Role of the Course
Accounting is a product of the economic environment and language of business. It is concerned with processing and reporting economic information to decision makers. So, for today’s manager, a knowledge and understanding of accounting numbers is a prereqiust. Therefore basic accounting theory and knowledge will be given in order to provide students an understanding how the information can be produced and used.

This course is target towards graduate students of management, in fact, anyone who dealing with management and investments did not have the facility of prior formal education in accounting. Also, this course, more specifically, accounting for the non-specialist. Through the learning, students are expected to understand financial accounting statements, accounting rules and methods. In addition, the application of accounting theory and technical methods to business practice by students would be strengthen.

Outline of the Course

Chapter 1 The Nature and Purpose of Accounting

  • The need for accounting information
  • Definition of Accounting
  • The financial accounting framework
  • Financial statements
  • Case 1-1: Ribbons an’ Bows, Inc.(p21)
  • Case 1-3: Baron Coburg (p23)

Chapter 2 Basic Accounting Concepts: The Balance Sheet

  • Basic concepts
  • The balance sheet
  • Ratios
  • Case 2-1: Maynard Company(A) (p46)
  • Case 2-2: Music Mart, Inc. (p47)

Chapter 3  Basic Accounting Concepts: The Income Statement

  • The nature of income
  • Basic concepts
  • Recognition of expenses
  • Gain and losses
  • The income statement
  • Other concept of income
  • Case 3-2:Lone Pine Cafe(B) (p75)

Chapter 4  Accounting Records and Systems

  • Recording fundamentals
  • The accounting process
  • Transaction analysis
  • The adjusting and closing process
  • Accounting systems
  • Case 4-1: PC Depot (p105)
  • Case 4-3: Copies Express (p107)

Chapter 5  Revenue and Monetary Assets

  • Timing of revenue recognition
  • Amount of revenue recognized
  • Monetary assets
  • Analysis of monetary assets
  • Excel technics for prepare Financial Statements
  • Case 5-1: Stern Corporation(A) (p132)

Chapter 6  Cost of Sales and Inventory

  • Inventory costing methods