Accounting Principles (1)_en

Syllabus

Accounting Principles

Fall 2011

Text::

Accounting Principles, 9th Edition

Student Companion Site:: http://bcs.wiley.com/he-bcs/Books?action=index&itemId=047031754X&bcsId=4574

Class::

Female: Sat, 11:00-12:00, Tue, 12:00-13:00, Wed, 11:00-12:00, Rm.: K1-B3

Instructor::

eMad AbuShaaban, CPA (PAL)

MSA, Master of Science in Accounting /USA

MMD, Master in Management Development /SPAIN

Inception Phase, Ph. D in Accounting /EGYPT

Office Hour::

Mon, 11:00 - 12:00, Tue, 10:00-11:00, or

By Appointment, Cellular: 0599 885 448,

Email: emad.abushaaban@gmail.com

Objective::

This course introduces accounting, it illustrates the recording process, it addresses concepts underlying adjusting entries, it presents the complete accounting cycle, it accounting for merchandising operations, it covers inventories, it explains accounting information system, fraud, internal control, and cash, it also, illustrates accounting for receivables, finally, it explains concepts of plants assets, natural resources, and intangible assets.

Class::

Lecture, class discussion, problem solving, assignment presentation Format and computer lab if it was possible.

Assignment::

For full credit, assignments must be submitted at the beginning of class on the date due. Late assignments are accepted unless (1) they are discussed in class or (2) the start of final exams . Grads on assignments are reduced proportionate to the extent that they are late.

Workgroups:

Group study and discussion outside of class is encouraged. Group work on assigned exercises and problems from the text is acceptable only if each student submits his or her own copy of the assignment (Note: reproductions are not acceptable.)

Grading Scale:

Assignment 15%

Mid-term Exam 15%

Participation 10%

Final Examination 60%

Examination questions are tested for validity. If 60% or more of those who respond to a question give an incorrect answer, that question (or part of a question) will be invalidated and the basis of the examination adjusted; equivalent extra credit is added to the score of those students who answer the question correctly.

Week #1

CHAPTER 1: ACCOUNTING IN ACTION

Presentations:

1. Feature Story: Knowing The Numbers (p. 2)

2. How Will Accounting Help Me? (p. 11)

3. What Do General Mills, Walt Disney, and Dunkin’ Donuts Have in Common? (p. 23)

4. All About You: Ethics: Managing Personal Financial Reporting (p. 25)

Assignments:

1. Q1, Q3, Q5, Q7, Q9, Q11

2. BE1-1, BE1-3, BE1-5, BE1-7, BE1-9, BE1-11

3. E1-1, E1-3, E1-5, E1-7, E1-9, E1-11

4. Problems: SET A, P1-1A, P1-3A

Week #2

CHAPTER 2: THE RECORDING PROCESS

Presentations:

1. Feature Story: Accidents Happen (p. 48)

2. What Would Sam Do? (p. 58)

3. Sarbanes-Oxley Comes to the Rescue (p. 70)

4. All About You: Your Personal Annual Report (p. 72)

Assignments:

1. Q1, Q3, Q5, Q7, Q9, Q11

2. BE2-1, BE2-3, BE2-5, BE2-7, BE2-9,

3. E2-1, E2-3, E2-5, E2-7, E2-9, E2-11

4. Problems: SET A, P2-1A, P2-3A

Week #3

CHAPTER 3: ADJUSTING THE ACCOUNTS

Presentations:

1. Feature Story: What was your Profit? (p. 94)

2. How Long Will “The Force” Be with Us? (p. 98)

3. Turning Gift Cards into Revenue (p. 106)

Assignments:

1. Q1, Q3, Q5, Q7, Q9, Q11

2. BE3-1, BE3-3, BE3-5, BE3-7, BE3-9, BE3-11

3. E3-1, E3-3, E3-5, E3-7, E3-9, E3-11

4. Problems: SET A, P3-1A, P3-3A

Week #4

Review and Solving Problem

Week #5

CHAPTER 4: COMPLETING THE ACCOUNTING CYCLE

Presentations:

1. Feature Story: Everyone likes to Win (p. 144)

2. Cisco Performs the Virtual Close (p. 157)

3. Yale Express Loses Some Transportation Bills (p. 162)

4. All About You: Your Personal Balance Sheet (p. 169)

Assignments:

1. Q1, Q3, Q5, Q7, Q9, Q11

2. BE4-1, BE4-3, BE4-5, BE4-7, BE4-9, BE4-11

3. E4-1, E4-3, E4-5, E4-7, E4-9, E4-11

4. Problems: SET A, P4-1A, P4-3A

Week #6

CHAPTER 5: ACCOUNTING FOR MERCHANDISING OPERATIONS

Presentations:

1. Feature Story: Who Doesn't Shop at Wal-Mart? (p. 198)

2. Morrow Snowboards Improves Its Stock Appeal (p. 203)

3. Should Publishers Have Liberal Return Policies? (p. 210)

Assignments:

1. Q1, Q3, Q5, Q7, Q9, Q11

2. BE5-1, BE5-3, BE5-5, BE5-7, BE5-9, BE5-11

3. E5-1, E5-3, E5-5, E5-7, E5-9, E5-11

4. Problems: SET A, P5-1A, P5-3A

Week #7

CHAPTER 6: INVENTORIES

Presentations:

1. Feature Story: “Where is That Spare Bulldozer Blade?" (p. 248)

2. How Wal-Mart Tracks Inventory (p. 251)

3. Is LIFO Fair? (p. 262)

4. All About You: Employee Theft—An Inside Job (p. 268)

Assignments:

1. Q1, Q3, Q5, Q7, Q9, Q11

2. BE6-1, BE6-3, BE6-5, BE6-7, BE6-9, BE6-11

3. E6-1, E6-3, E6-5, E6-7, E6-9, E6-11

4. Problems: SET A, P6-1A, P6-3A

Week #8

Midterm Exam

Week #9

CHAPTER 7: ACCOUNTING INFORMATION SYSTEMS

Presentations:

1. Feature Story: QuickBooks Helps This Retailer Sell Guitars (p. 300)

2. Curbing Fraudulent Activity with Software (p. 304)

3. ”I’m John Smith, a.k.a. 13695071642” (p. 307)

Assignments:

1. Q1, Q3, Q5, Q7, Q9, Q11

2. BE7-1, BE7-3, BE7-5, BE7-7, BE7-9, BE7-11

3. E7-1, E7-3, E7-5, E7-7, E7-9, E7-11

4. Problems: SET A, P7-1A, P7-3A

Week #10

CHAPTER 8: FRAUD, INTERNAL CONTROL, AND CASH

Presentations:

1. Feature Story: Minding The Money in Moose Jaw (p. 396)

2. How Do Employees Steal? (p. 347)

3. SOX Boosts the Role of Human Resources (p. 356)

4. All About You: Protecting Yourself from Identity Theft (p. 373)

Assignments:

1. Q1, Q3, Q5, Q7, Q9, Q11

2. BE8-1, BE8-3, BE8-5, BE8-7, BE8-9, BE8-11

3. E8-1, E8-3, E8-5, E8-7, E8-9, E8-11

4. Problems: SET A, P8-1A, P8-3A

Week #11

Ethical Cases Analysis and Presentation

Week #12

CHAPTER 9: ACCOUNTING FOR RECEIVABLES

Presentations:

1. Feature Story: A Dose of Carful Management Keeps Receivables Healthy (p. 396)

2. When Investors Ignore Warning Signs (p. 406)

3. How Does a Credit Card Work? (p. 408)

4. All About You: Should You Be Carrying Plastic? (p. 416)

Assignments:

1. Q1, Q3, Q5, Q7, Q9, Q11

2. BE9-1, BE9-3, BE9-5, BE9-7, BE9-9, BE9-11

3. E9-1, E9-3, E9-5, E9-7, E9-9, E9-11

4. Problems: SET A, P9-1A, P9-3A

Week #13

Review and Solving Problem

Week #14

CHAPTER 10: PLANT ASSETS, NATURAL RESOURCES, AND INTANGIBLE ASSETS

Presentations:

1. Feature Story: How much for A ride to The Beach? (p. 436)

2. Many U.S. Firms Use Leases (p. 441)

3. ESPN Wins Monday Night Football Franchise (p. 456)

4. All About You: Buying a Wreck of Your Own (p. 460)

Assignments:

1. Q1, Q3, Q5, Q7, Q9, Q11

2. BE10-1, BE10-3, BE10-5, BE10-7, BE10-9, BE10-11

3. E10-1, E10-3, E10-5, E10-7, E10-9, E10-11

4. Problems: SET A, P10-1A, P10-3A

Week #15

Ethical Cases Analysis and Presentation

Week #16

Final Exam

Good Luck