ACC 201- Financial Accounting ... Elements of managerial accounting are
covered in the second course as they ... The course has 23 class sessions in total
.
Communication University of China
ACC 201- Financial Accounting SCP International Summer School at Communication University of China Basic Information: Instructor Name
Alex Ampadu CPA, CMA, CIA, CFE, FCPA, CFF, CGMA
Home Institution
University at Buffalo (SUNY)
Instructor Title
Associate Professor
E- Mail
[email protected]
Home Office Phone Number
716-645-3265
Office
TBA
Office Hours
TBA, and by appointment
Course Description: The discipline of accounting and the work of accountants are introduced in two courses. Elements of financial accounting are covered in the first course as they relate to the preparation and use of accounting reports for business entities, emphasizing accounting as a provider of financial information for external reporting purposes (ACC 201).The language of business is accounting and students will learn how business information is captured, developed and communicated to the intended users. Elements of managerial accounting are covered in the second course as they relate to the internal use of accounting information in making business decisions and controlling business operations (ACC 202). Required Course Materials: Textbook
Edition
Author
Publisher
ISBN-10
Fundamentals of
3e
Phillips, Libby,
McGraw-Hill/Irwin
0077344936
Financial Accounting TM
Connect
Libby
Web-based
http://connect.mcgraw-hill.com
homework product Course Hours: The course has 23 class sessions in total. Each class session is 105 minutes in length. The course meets from Monday to Thursday. Each course has a total of 40 class hours (4 credit hours). The last Thursday (Aug 8th 2013) is a reading day for students. Final exam will be on Aug 9th or 10th, 2013 (TBD). Prerequisite: None Graded homework must be completed on connect” for the due date. You will have three attempts on Connect”, up to the assigned assigned
deadline , for these assignments. Two (2) lowest graded homework scores will be dropped at the
end of the semester. Course Schedule: Week
Session July 1
Week 1
July 2
Day M T
Topic (s)
Chapter(s)
Course Policies, Business Decisions
1
Homework
& Fin’l Acctg Business Decisions & Fin’l Acctg, Balance Sheet
2
M1-6, 14 E1-2, 4 PA1-1, 2
Communication University of China July 3
W
Balance Sheet, Income Statement
2,3
July 4
Th
Income Statement
3
M2-1,6,10,11,E2-5,7,11,PA2-2
Adjustments & Financial Results
3,4
M3-9, 10, 11, 12
July 8 M
EXAM #1 (Chapter 1-3)
E3-8, 10 PA3-2, PA3-3
Week 2
July 9 July 10 July 11
T W Th
July 15
Adjustments & Financial Results
4
Controlling Cash
5, 6
E4-3 Controlling Cash, Inventories Inventories (Exclude supplement
M
M4-7, 8, 11, 12, 14
6, 7
PA4-4, 5
M6-1,2,8,9,15,16,E6-6,PA6-2
7
sections) EXAM #2 (Chapter 4-6)
Week 3
July 16
T
July 17
Inventories
7
Receivables
8
W
M7-7, 8, 13 E7-3, 5, 7, 15, 16 PA7-1, 4
July 18
Th
July 22 M
Receivables
8
Long-term Assets (Exclude
9
supplement sections)
C7-1
M8-3,5,12,E8-4,8,11,12,CP8-1 CP8-5, C8-1
EXAM #3 (Chapter 7-8) Week 4
July 23 July 24 July 25 July 29
T W Th M
July 30
9
Long-term Liabilities
10
E9-7, 9
PA9-1, 3
C9-1
10
Stockholders’ Equity
11
M10-6,10,11,15,E10-3,6,7,PA10-2,3
11, 12
M11-4, 13
EXAM #4 (Chapter 9-10) Statement of Cash Flows (Exclude
E11-2, 4, 11
supplement sections)
PA11-1, 3, 5
July 31
W
Statement of Cash Flows
12
August 1
Th
Statement of Cash flows
12
August 5
M
Financial Analysis
13
Financial Analysis
13
August 6
M9-3, 10
Long-term Liabilities
Stockholders’ Equity T
Week 5
Long-term Assets
T
M12-4,6,7,E12-7,17,PA12-1,3,4 M13-1, 2, 11, 12 E13-8, 11, 14 PA13-1, 2, 5
Week 6 August 7
W
REVIEW
August 8
Th
Reading day
TBA Evaluation:
Final Exam
Communication University of China Grading Policies: Part
Percentage
Homework (10 best out of 12)
10%
Interim Examinations (3 @ 18% each)
54%
Final Examination (comprehensive)
30%
Attendance/ Participation
6%
Group Project Course Total
100%
Grade Distribution: Percentage
Letter Grade
Grade Points
91%-100%
A
4.0
86%-90%
A-
3.7
83%-85%
B+
3.3
78%-82%
B
3.0
75%-77%
B-
2.7
73%-74%
C+
2.3
68%-72%
C
2.0
65%-67%
C-
1.7
63%-64%
D+
1.3
55%-62%
D
1.0
