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JOHN CABOT UNIVERSITY
COURSE CODE: "FIN 201-1"
COURSE NAME: "Financial Accounting"
SEMESTER & YEAR:
Spring 2015
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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, 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 |
| Exam 1 | Problem Set Exam | 30 |
| Exam 2 | Problem Set Exam | 30 |
| Final Exam | Comprehensive Problem-Solving 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
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 at lectures and participation in class discussion is strongly encouraged. Students who miss more than four classes (excused or unexcused) will not have a chance to drop a poor midterm exam grade on Exams 1 and 2 and shift the weight to the comprehensive final exam. Students who arrive after the roll-call will be counted as absent.
Students must bring (and use) a basic calculator to class. During class no electronic devices are allowed unless there is a specific project we are working on which will be indicated by the instructor. Students who are asked to compute a number for the class but do not have a calculator will be counted as absent for that 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 19
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Accounting Principles and the Financial Statements
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Read Chapter 1
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January 21
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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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January 26
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Analyzing and Recording Business Transactions
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January 28
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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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February 2
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EXAM 1
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February 4
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Adjusting the Accounts
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WEEK 4
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February 9
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Adjusting the Accounts
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Read Chapter 4
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February 11
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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 16
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Completing the Accounting Cycle
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Read Chapter 5
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February 18
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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 23
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Accounting for Merchandising Operations
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February 25
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Accounting for Merchandising Operations
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WEEK 7
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March 2
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Review Day
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Prepare for EXAM 2
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March 4
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EXAM 2
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Read Chapter 7
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WEEK 8
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March 9
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Inventories
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March 11
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Inventories
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Read Chapter 8
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WEEK 9
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March 16
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Cash and Internal Control
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March 18
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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 23
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Receivables
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March 25
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Receivables
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Read Chapter 10
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WEEK 11
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March 30
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Long Term Assets
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April 1
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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 13
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Current Liabilities and Fair Value Accounting
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April 15
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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 20
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Accounting for Partnerships
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Read Chapter 13
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April 22
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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 27
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Review for the Final
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Prepare for FINAL
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April 29
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Review for the Final
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Prepare for FINAL
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Comprehensive Final Exam
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