Accounting
Date: 2018-10-24 Views: 16

Accounting

Course No.: ACH1131001     Credits: 3

Course description

This course is one of the compulsory courses for sophomores whose major are not accounting at our university. It covers most parts of accounting principles and basic accounting knowledge which enables students to deal with economic related work in the future. Throughout the course, we will introduce and develop elementary theory, methodology, skills, and procedures of accounting. These could be applied to help non-accounting major students understand accounting information and make decisions in management.

Learning outcomes

On completion of the course, students should be able to:

1.Explain the essential accounting assumptions and principles.

2.Know how to process the accounting information, comprehend the economic meaning of accounting policies, indexes and elements.

3.Make reasonable managerial decisions according to the analysis of financial reports.

Relationship to other courses

This course is an introductory course for students whose major are not accounting, so it does not require any accounting background or prerequisite.

Textbook and reading lists

The textbook for this course is:

Jingchang Xu, Manli Sun, and Hua Zhou. Accounting (7th ed.), RenminUniversity of China Press, 2014

Students may also find some of the following textbooks useful for some parts of the course:

1. Xinyuan Chen. Accounting (4th ed.), ShanghaiUniversity of Finance and Economics Press, 2013

2. Yongze Liu, and Wenming Chen. Accounting ( 3rd ed.), DongbeiUniversity of Finance and Economics Press, 2012

3. John J.Wild, Ken W. Shaw, and Barbara Chiappetta. Principles of Accounting (19th ed.), RenminUniversity of China Press, 2013

Course assessment

Item

Title

Due date

Value

1

Attendance

Randomly selected weeks

5%

2

Questions in class

Randomly selected weeks

10%

3

Homework

Week 10

15%

4

Final Exam

Exam Period

70%

Course schedule

Week

Topic

Text

Week 1

An Introduction to Accounting

1.Definition,   function, objects and goals of Accounting.

2.Users   of Accounting information

3.Accounting   assumptions

Chapter 1

Week 2

An Introduction to Accounting

1.Accounting   principles

2.Financial   statements and Accounting elements

3.Accounting   Equation

Chapter 1

Week 3

Accounting Cycle

1. Steps in accounting cycle

2.Accounts

3.Double-entry   accounting

4.Accounting   documents and accounting  bookkeeping

Chapter 2

Week 4

Accounting Cycle

1.Analyzing   and Recording Transactions

2.Adjusting   Accounts

3.Trial   Balance

4.Preparing   Financial Statements

5.Closing   process

Chapter 2

Week 5

Monetary capital and Accounting Receivables

1.Cash

2.Cash   at Bank

3.Other   Monetary Capital

Chapter 3

Week 6

Monetary capital and  Accounting Receivables

1.Accounts   Receivable

2.Notes   Receivable

3.Bad   Debt

Chapter 3

Week 7

Inventory

1. Purchases and Sales in Industrial Enterprise and Commercial Enterprise

Chapter 4

Week 8

Inventory

1.Inventory   Costing

2.Inventory   profit and losses

Chapter 4

Week 9

Financial Assets

Held for trading financial assets

Chapter 5

Week 10

Fixed Assets

1.Definition,   characters and classification of fixed assets

2.Acquisitions   and Initial measurement of fixed assets

Chapter 7

Week 11

Fixed Assets

1.Subsequent   measurement of fixed assets

2.Disposals   of fixed assets

Chapter 7

Week 12

Liabilities

1.Definition,   characters and classification of liabilities

2.Current   liabilities

Chapter 9

Week 13

Liabilities, Owner’s equity

1.Long-term   liabilities

2.Share   capital

Chapter 9-10

Week 14

Owner’s equity

1.Reserves

2.Retained   earnings

Chapter 10

Week 15

Revenue, Expense and Profit

1.Revenue

2.Expense

3.Gains   and losses

Chapter 11

Week 16

Revenue, Expense and Profit

1.Income   tax expense

2.Profit

Chapter 11

Week 17

Financial Report

1.Contents   and requirements of financial report

2.Balance   Sheet

Chapter 12

Week 18

Financial Report

1.Income   statement

2.statement   of cash flows

Chapter 12

Note: Chapter 6 and 8 are learned by students   themselves because of the time limit.