Essay About Financial Accounting Course Code And Sectional Approach Class Contact Hours

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Course SyllabusCourse Title:Financial Accounting Course Code:FIN005Recommended Study Year:NilNo. of Credits/Term:3QF Level:4No. of QF Credit:13Mode of Tuition:Sectional approach Class Contact Hours:42 hours / 3 hours per week + (Examination 3 hours)Category in Major Prog.:Foundation Medium of Instruction (MOI):EnglishDiscipline:Finance Prerequisite(s):NilCo-requisite(s):NilExclusion(s):NilPre-cursor(s):NilExemption Requirement(s):NilBRIEF COURSE DESCRIPTION:The course introduces students to the process of preparing accounting reports and to consider the assumptions, principles and limitations of accounting reports. Students explore the concepts and methods in the measurement of an entity’s profit and valuation of its assets, liabilities and owner’s equity.AIMS:The course aims at familiarizing students with the process and principles of preparing accounting reports. Students are required to explain the measurement of an entity’s profit and valuation of its assets and liabilities.COURSE INTENDED LEARNING OUTCOMES (CILO):Upon completion of the course, students should be able to:CILO 1: discuss the assumptions, principles and limitations of financial reporting;CILO 2: manually conduct and complete processes in an accounting cycle;CILO 3: prepare the final accounts of a merchandising company;CILO 4: value the assets, liabilities and owner’s equity of an entity; andCILO 5: prepare financial analysis on the liquidity, credit risk and profitability of an entity.MEASUREMENT OF LEARNING OUTCOMES:Assignments and in-class participation including solving of long and short questions assess students’ application of accounting concepts. [CILO 1, 2, 3, 4, 5]In-class quizzes and a mid-term examination in the format of multiple choices and short questions measure students’ understanding of basic concepts and technical application of financial accounting. [CILO 1, 2, 3, 4]A final examination in the format of multiple choice and long questions measure students’ ability to apply financial accounting concepts to solve various accounting problems and issues. [CILO 1, 2, 3, 4, 5]INDICATIVE CONTENT:IntroductionPurpose and nature of accounting.  Nature, Purposes and Characteristics of financial statements.  The need for accounting statements.  Users of financial statements.  Accounting concepts and principles.  Basic forms of business organizations.The Accounting CycleChanges in financial position. Measuring income. Recognizing and recording transactions. Double entry accounting system. Double uses of books/journals, ledgers and trial balances. Adjusting entries and closing entries. Statement preparations using the worksheet. Income statement, Statement of owner’s equity, Balance sheet, Statement of cash flows.Accounting for Merchandising ActivitiesCharacteristics of merchandising companies. Perpetual and periodic inventory systems. Evaluating the performance of a merchandising firm.Forms of Business OrganizationsThe accounting practices specific to sole proprietorships, partnerships and corporations.Accounting for Assets and LiabilitiesThe accounting practices related to cash, short-term investments, accounts receivables, inventory, acquisition of plant assets and depreciation, disposal of plant assets, intangible assets, current liabilities, long-term liabilities, estimated liabilities and loss contingencies.Accounting for Stockholders’ EquityAuthorization and issuance of capital stock. Characteristics of common stock and preferred stock. Subscriptions of capital stock. Cash dividends, stock dividends, stock splits and treasury stock. Statement of retained earnings. Statement of stockholders’ equity.Introduction to Financial Statement AnalysisMeasures of liquidity. Measures of credit risk. Measures of profitability.

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(2015, 10). Teaching Schedule. EssaysForStudent.com. Retrieved 10, 2015, from
“Teaching Schedule” EssaysForStudent.com. 10 2015. 2015. 10 2015 < "Teaching Schedule." EssaysForStudent.com. EssaysForStudent.com, 10 2015. Web. 10 2015. < "Teaching Schedule." EssaysForStudent.com. 10, 2015. Accessed 10, 2015. Essay Preview By: ysy992mm Submitted: October 8, 2015 Essay Length: 824 Words / 4 Pages Paper type: Coursework Views: 351 Report this essay Tweet Related Essays What They Didn't Teach Us in Sales Class “What They Didn’t Teach Us in Sales Class” In reducing high turnover among new sales personnel, the first thing that firms should do or the 871 Words  |  4 Pages Teaching Through Effective Speaking Teaching through Effective Speaking As a nurse, there are many opportunities to teach patients and their families through effective speaking. How well I teach patients 2,374 Words  |  10 Pages Data Warehouse Schedule A Data warehouse Basics Topics 1 DATA WAREHOUSE 1.1 What is Data Warehouse DAY 1 1.2 Why Data Warehouse 1.3 OLTP Online Transaction Processing 1.4 554 Words  |  3 Pages Techniques of Teaching Teachers encompass a wide range of instructional techniques, activities, and procedures designed to help students. Each teacher has his or her own preferences of what 368 Words  |  2 Pages Similar Topics Frankenstein Teach Us About Human Productivity Scheduling Hard Rock Delivers Get Access to 89,000+ Essays and Term Papers Join 209,000+ Other Students High Quality Essays and Documents Sign up © 2008–2020 EssaysForStudent.comFree Essays, Book Reports, Term Papers and Research Papers Essays Sign up Sign in Contact us Site Map Privacy Policy Terms of Service Facebook Twitter