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JOHN CABOT UNIVERSITY

COURSE CODE: "FIN 201-1"
COURSE NAME: "Financial Accounting"
SEMESTER & YEAR: Fall 2018
SYLLABUS

INSTRUCTOR: Josephine Luzon
EMAIL: [email protected]
HOURS: MW 6:00-7:15 PM
TOTAL NO. OF CONTACT HOURS: 45
CREDITS: 3
PREREQUISITES:
OFFICE HOURS:

COURSE DESCRIPTION:
This course is an introduction to basic accounting methods and concepts; preparation of principal financial statements; application of accounting principles to the main asset, liability, and owners’ equity accounts.
SUMMARY OF COURSE CONTENT:
Financial Accounting course introduces the basic concepts, principles, and procedures that underlie the preparation and use of financial statements. The fundamental business concepts and perspectives that students are provided in this course will carry over and have relevance in virtually every other business course that they will undertake. In addition, accounting is an essential element of the decision making process. The course will provide an introduction on how accounting information is accumulated and used in decision making.
LEARNING OUTCOMES:
  • Recognize and understand ethical issues related to the accounting profession.
  • Prepare financial statements in accordance with International Generally Accepted Accounting Principles.
  • Employ critical thinking skills to analyze financial data as well as the effects of differing financial accounting methods on the financial statements.
  • Effectively define the needs of the various users of accounting data and demonstrate the ability to communicate such data effectively, as well as the ability to provide knowledgeable recommendations.
  • Recognize circumstances providing for increased exposure to fraud and define preventative internal control measures. 
  • Apply financial accounting methods to evaluate and project business performance.
  • Apply appropriate judgment derived from knowledge of accounting theory, to financial analysis and decision making.
  • The student will experience real-world learning and application of skills via problem solving homework and project.
TEXTBOOK:
Book TitleAuthorPublisherISBN numberLibrary Call NumberComments
Financial and Managerial Accounting 18th edWilliams, Haka, Bettner & CarcelloMcGraw HillISBN-13: 978-1259692406; ISBN-10: 125969240X  
REQUIRED RESERVED READING:
NONE

RECOMMENDED RESERVED READING:
NONE
GRADING POLICY
-ASSESSMENT METHODS:
AssignmentGuidelinesWeight
Exam no. 1 25%
EXam no. 2 25%
Final Exam 25%
Class participation (includes homework, oral & written presentation, quizzes & attendance) 15%
Project - Financial Statement Analysis (Guidelines to Follow) 10%

-ASSESSMENT CRITERIA:
AWork of this quality directly addresses the question or problem raised and provides a coherent argument displaying an extensive knowledge of relevant information or content. This type of work demonstrates the ability to critically evaluate concepts and theory and has an element of novelty and originality. There is clear evidence of a significant amount of reading beyond that required for the
BThis is highly competent level of performance and directly addresses the question or problem raised.There is a demonstration of some ability to critically evaluatetheory and concepts and relate them to practice. Discussions reflect the student’s own arguments and are not simply a repetition of standard lecture andreference material. The work does not suffer from any major errors or omissions and provides evidence of reading beyond the required assignments.
CThis is an acceptable level of performance and provides answers that are clear but limited, reflecting the information offered in the lectures and reference readings.
DThis level of performances demonstrates that the student lacks a coherent grasp of the material.Important information is omitted and irrelevant points included.In effect, the student has barely done enough to persuade the instructor that s/he should not fail.
FThis work fails to show any knowledge or understanding of the issues raised in the question. Most of the material in the answer is irrelevant.

-ATTENDANCE REQUIREMENTS:

The University’s attendance policy is described in the catalogue. Persistent absence or tardiness usually precludes satisfactory performance in the course, and jeopardizes that part of the grade which is based on class participation. Students are expected to arrive at class on time; students are responsible for all material covered by the syllabus and/or discussed in class, whether or not they are actually present in class. Attendance is part of class participation.

 

ACADEMIC HONESTY
As stated in the university catalog, any student who commits an act of academic dishonesty will receive a failing grade on the work in which the dishonesty occurred. In addition, acts of academic dishonesty, irrespective of the weight of the assignment, may result in the student receiving a failing grade in the course. Instances of academic dishonesty will be reported to the Dean of Academic Affairs. A student who is reported twice for academic dishonesty is subject to summary dismissal from the University. In such a case, the Academic Council will then make a recommendation to the President, who will make the final decision.
STUDENTS WITH LEARNING OR OTHER DISABILITIES
John Cabot University does not discriminate on the basis of disability or handicap. Students with approved accommodations must inform their professors at the beginning of the term. Please see the website for the complete policy.

SCHEDULE

FIN 201-1 Fall 2018   Course Schedule

Date                                                        Topic & Assigned Readings

                                                                Ch. 1       Introduction

                                                                Ch. 2        Basic Financial Statements: Balance Sheet, Income Statement & Statement of Cash Flows

                                                                Ch.2       (continuation)

                                                                Ch. 3       Accounting Cycle: Double Entry Accounting System, Net Income, Trial Balance

                                                                Ch. 3       (continuation)

                                                                Ch. 4       Accruals & Deferrals, Adjusting Entries

                                                                Ch. 4       (continuation)

                                                                Exam no. 1

                                                                Ch. 5       Reporting Financial Results

                                                                Ch. 5       (continuation)

                                                                Ch. 7       Valuation of Financial Assets

                                                                Ch. 7       (continuation)

                                                                Ch. 8       Inventories & Cost of Goods Sold

                                                                 Ch. 6      Merchandising Activities & Inventory Methods

                                                                Ch. 6 & 8 (continuation)

                                                                Exam no. 2

                                                                Ch. 9       Plant, Property & Equipment and Intangible Assets

                                                                Ch. 9       (continuation)

                                                                Ch. 10     Liabilities

                                                                Ch. 10     (continuation)

                                                                Ch. 11     Stockholders’ Equity

                                                                Ch. 11 (continuation)

                                                                Ch. 12     Income & Changes in Retained Earnings

                                                                Ch. 12 (continuation)

                                                                Ch. 14     Financial Statement Analysis

                                                                Ch. 13     Statement of Cash Flows

                                                                Ch. 13     (continuation)

                                                                Project Day

                                                                Project Due Date

                                                                FINAL EXAM

                                               

NOTE: Changes to the schedule may occur as the semester progresses.

Contact: [email protected]