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. |
