金融學(xué)大綱（英文）Financial Accounting Course Outline

1、Soochow UniversityFinancial AccountingUVIC G3Term 1 2016-2017Course aimTo provide an overview of the field of accounting and the conceptual and practical foundation required to analyse and interpret accounting information in the business environment.To provide an overview of the field of accounting

2、and the conceptual and practical foundation required to analyse and interpret accounting information in the business environment.applications. Further reviews of specific topics will be included in the course curriculum whenever necessary.The goal of this course is to 窗體頂端窗體底端Course contentAccountin

3、g and the business environmentAccounting information and its role in decision making for management and external stakeholdersRecording, reporting and analysing business transactions within the accounting cycleAnalysis and interpretation of financial statements and cash flow for business usersUse of

4、accounting information for business planningRequired Reading:Accounting, Canadian 6th ed., PearsonGrading Scheme:The classroom performance, including attendance and homework25%Midterm Exam25%Final Exam50%Total100%Assessment:窗體頂端TaskLength窗體底端HomeworkMidterm ExamNilFinal ExamNilTopics1. Generally Acc

5、epted Accounting Principles Learning Outcome: Apply the conceptual framework for financial reporting. Objectives: 1.1 Identify the qualitative characteristics of accounting information. 1.2 Define the basic elements of financial statements. 1.3 Explain the basic assumptions of accounting. 1.4 Explai

6、n the basic principles of accounting. 1.5 Explain the constraints in accounting. 2. Capital Assets Learning Outcome: Record the purchase and depreciation of capital assets. Objectives: 2.1 List the characteristics of a capital assets. 2.2 Calculate the cost of a capital assets. 2.3 Allocate the cost

7、 of lump sum purchases. 2.4 Explain the concept of depreciation. 2.5 Calculate depreciation using: straight line, units of production (output), and declining balance/double-declining balance. 2.6 Calculate depreciation after revising the estimated useful like and/or salvage value of an asset. 3. Cap

8、ital Assets, Natural Resources and Intangibles Learning Outcome: Account for capital assets from acquisition to disposal. Objectives: 3.1 Account for asset repairs, additional, impairment and subsequent expenditures. 3.2 Record the disposal and exchange of capital assets and disposal between year-en

9、ds. 3.3 Account for the acquisitions and amortization of intangible assets. 3.4 Account for the acquisitions and depletion of natural resources. 4. Liabilities Learning Outcome: Account for short and long-term liabilities. Objectives: 4.1 Explain the difference between current and non-current liabil

10、ities. 4.2 Calculate the current portion of long-term debt. 4.3 Explain the nature and accounting treatment of contingent liabilities. 4.4 Record property taxes payable, product warranty liabilities, unearned revenues, payroll, income taxes, Goods and Services Tax (G.S.T), provincial sales tax and c

11、urrent portion of long-term debt. 4.5 Account for short-term and long-term notes payable. 4.6 Calculate the payments on short-term and long-term notes payable. 5. Partnerships Learning Outcome: Account for partnerships. Objectives: 5.1 Explain the characteristics of a partnership including mutual ag

12、ency and unlimited liability, limited life, property ownership, tax statues, advantages and disadvantages. 5.2 Describe the equity structure and accounts for a partnerships. 5.3 Allocate partnership earning based on no agreement, partners capital ratio, and salary allowance and combinations. 5.4 Acc

13、ount for the admission and withdrawal of a partner. 5.5 Account for the liquidation of a partnership. 6. Organization and Operation of Corporations Learning Outcome: Explain the organization of corporations and account for the issuance of shares. Objectives: 6.1 Describe how a corporation is formed

14、and organized. 6.2 Explain the advantages and disadvantages of the corporate form. 6.3 Account for the issuance of shares by cash, subscription or exchange. 6.4 Differentiate between common and preferred shares. 6.5 Allocate dividends between common and preferred shares. 6.6 Record conversion of con

15、vertible preferred shares. 6.7 Calculate redemption, market value and book value. 7. Long-term Liabilities Learning Outcome: Account for notes and bonds payable. Objective: 7.1 Describe the characteristics of bonds. 7.2 Calculate the price of a bond on an interest payment date and between interest d

16、ates. 7.3 Record interest payments for a bond sold at a discount or premium using the effective interest method. 7.4 Account for bonds sold between interest dates. 7.5 Account for the retirement of bonds. 7.6 Prepare year-end adjusting entries for bonds. 8. Cash Flow Statements Learning Outcome: Pre

17、pare a statement of cash flow using the direct method. Objective: 8.1 Classify cash flows among operating, investing and financing activities. 8.2 Identify and disclose non-cash investing and financing transactions. 8.3 Calculate cash inflows and outflows by examining the non-cash accounts and related information about transactions. 8.4 Calculate the operating section of the cash flow statement using the direct method. 8.5 Describe the concept of quality of earnings and interpret the relationship between cash flows and net income. No Cell-Phone/iPad/laptop Policy: When you