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JOHN CABOT UNIVERSITY
COURSE CODE: "FIN 201-2"
COURSE NAME: "Financial Accounting"
SEMESTER & YEAR:
Spring 2014
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SYLLABUS
INSTRUCTOR:
Andrea Coccia
EMAIL: [email protected]
HOURS:
MW 8:30 AM 9:45 AM
TOTAL NO. OF CONTACT HOURS:
45
CREDITS:
3
PREREQUISITES:
OFFICE HOURS:
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COURSE DESCRIPTION:
After successfully completing the course students will be able to manage accounting procedures and to prepare financial information for users outside the business they will also be able to understand and analyze the financial statements as a basic source of information as a support for decision making. Moreover students will achieve the knowledge to complete the accounting subject with the Management Accounting course
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SUMMARY OF COURSE CONTENT:
The basic structure of Accounting. Accounting as a system for measuring, processing, and communicating financial information. Bookkeeping procedures. Merchandising and the accounting cycle. The internal control, managing cash, and ethical judgments. Accounts and notes receivables. Accounts and notes payables. Accounting for merchandise Inventory and for plant assets. Introduction to payroll accounting. Corporate organization, Paid in capital and the balance sheet.
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LEARNING OUTCOMES:
Students are assigned reading material prior to each lecture. Each lecture includes some problem solving, and additional homework problems are assigned. In this way students are exposed to a broad number of applications of accounting concepts. Students should expect to spend at least two hours of individual study time for each hour spent in class.
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TEXTBOOK:
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REQUIRED RESERVED READING:
RECOMMENDED RESERVED READING:
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GRADING POLICY
-ASSESSMENT METHODS:
| Assignment | Guidelines | Weight |
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| Mid Term Exam | | 40 |
| Final Exam | Not comprehensive | 50 |
| Class Participation | 50% attendance
50% active class participation
3 or more absences will result in a complete loss of the class attendance percentage | 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 cou
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:
This course meets on Mondays and Wednesdays from 8:30 – 9:45. 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.
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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.
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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.
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SCHEDULE
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WEEK 1
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January 13
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Accounting Principles and the Financial Statements
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Read Chapter 1
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January 15
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Accounting Principles and the Financial Statements
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Read Chapter 2
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WEEK 2
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Januray 20
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Analyzing and Recording Business Transactions
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Januray 22
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Analyzing and Recording Business Transactions
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Read Chapter 3
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WEEK 3
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Januray 27
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Adjusting the Accounts
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Januray 29
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Adjusting the Accounts
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WEEK 4
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February 3
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Adjusting the Accounts
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Read Chapter 4
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February 5
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Completing the Accounting Cycle
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Review Adjusting Process
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WEEK 5
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February 10
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Completing the Accounting Cycle
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Read Chapter 5
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February 12
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Foundations of Financial Reporting and the Classified Balance Sheet
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Read Chapter 6
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WEEK 6
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February 17
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Accounting for Merchandising Operations
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February 19
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Accounting for Merchandising Operations
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WEEK 7
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February 24
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Review Day
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Prepare for MIDTERM
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February 26
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MIDTERM EXAM
Chapters 1,2,3,4,5 and 6
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Read Chapter 7
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WEEK 8
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March 3
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Inventories
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March 5
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Inventories
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Read Chapter 8
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WEEK 9
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March 10
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Cash and Internal Control
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March 12
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Cash and Internal Control
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Read Chapter
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WEEK 10
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March 24
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Receivables
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March 26
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Receivables
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Read Chapter 10
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WEEK 11
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March 31
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Long Term Assets
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April 2
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Long Term Assets
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Read Chapter 11
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WEEK 12
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April 4
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Current Liabilities and Fair Value Accounting
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April 7
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Current Liabilities and Fair Value Accounting
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Read Chapter 12
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WEEK 13
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April 9
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Accounting for Partnerships
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Read Chapter 13
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April 14
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Accounting for Corporations
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Read Chapter 14
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WEEK 14
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April 16
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Long Term Liabilities
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Prepare for FINAL
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April 23
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Review for the Final
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Prepare for FINAL
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Final Examination, Chapter 7,8,9,10,11,12,13 and 14
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