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JOHN CABOT UNIVERSITY
COURSE CODE: "FIN 201-3"
COURSE NAME: "Financial Accounting"
SEMESTER & YEAR:
Spring 2015
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SYLLABUS
INSTRUCTOR:
Abhishek Gupta
EMAIL: [email protected]
HOURS:
TTH 6:00PM 7:15PM
TOTAL NO. OF CONTACT HOURS:
45
CREDITS:
3
PREREQUISITES:
OFFICE HOURS:
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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.
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SUMMARY OF COURSE CONTENT:
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LEARNING OUTCOMES:
After completing this course, the participants will be able to:
1. Read and interpret financial statements for a corporation;
2. Determine the strengths and weaknesses of the accounting information provided for decision making;
3. Detect instances where earnings may have been managed by preparers;
4. Identify sources of alternate information, when necessary;
5. Analyse financial statements, while considering for known biases introduced in accounting numbers under Generally Accepted Accounting Principles, for several basic financial statement items.
6. Use accounting information in his/her future professional life.
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TEXTBOOK:
| Book Title | Author | Publisher | ISBN number | Library Call Number | Comments | Format | Local Bookstore | Online Purchase |
| Financial and Managerial Accounting - The Basis for Business Decisions - 17th Edition | Williams, Haka, Bettner & Carcello | McGraw Hill | 978-1259255830 | | Certain problems will be assigned from the textbook | | | |
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REQUIRED RESERVED READING:
RECOMMENDED RESERVED READING:
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GRADING POLICY
-ASSESSMENT METHODS:
| Assignment | Guidelines | Weight |
| Quiz 1 | | 20 |
| Quiz 2 | | 20 |
| Homework Problems | | 10 |
| Participation & Attendance | | 10 |
| Final Exam | | 40 |
-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 course
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:
ATTENDANCE REQUIREMENTS AND EXAMINATION POLICY
You cannot make-up a major exam (midterm or final) without the permission of the Dean’s Office. The Dean’s Office will grant such permission only when the absence was caused by a serious impediment, such as a documented illness, hospitalization or death in the immediate family (in which you must attend the funeral) or other situations of similar gravity. Absences due to other meaningful conflicts, such as job interviews, family celebrations, travel difficulties, student misunderstandings or personal convenience, will not be excused. Students who will be absent from a major exam must notify the Dean’s Office prior to that exam. Absences from class due to the observance of a religious holiday will normally be excused. Individual students who will have to miss class to observe a religious holiday should notify the instructor by the end of the Add/Drop period to make prior arrangements for making up any work that will be missed.
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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: Introduction to Financial Statements
(20/1 , 22/1)
Week 2: Business Transaction Analysis and Financial Statement Effects
(27/1 , 29/1)
Week 3: Processing Data Through the Accounting System
(3/2 , 5/2)
Week 4: Revenue and Expense Recognition
(10/2 , 12/2)
Week 5: Cash Flow Statement & Quiz 1
(17/2 , 19/2)
Week 6: Cash, Temporary Inv. Accounts Receivable and Notes
(24/2 , 26/2)
Week 7: Inventory
(3/3 , 5/3)
Week 8: Long Term Assets
(10/3 , 12/3)
Week 9: Liabilities
(17/3 , 19/3)
Week 10: Liabilities Cont. & Equity
(24/3 , 26/3)
Week 11: Equity & Quiz 2
(31/3 , 2/4)
Week 12: Financial Statement Analysis
(14/4 , 16/4)
Week 13: Creative Accounting
(21/4, 23/4)
Week 14: Review
(28/4, 30/4)
TBD: Final Exam
* 6/4 to 10/4 --> Spring Break
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