BSAM0002 Introduction to Accounting

   

 

 

 

 

 

 

 
Course Code BSAM0002  
Course Title Introduction to Accounting
(Course subjects to approval)		  
Class Date 20, 21, 22, 23, 26 and 27 July 2021
(28 July 2021 is reserved for class make-up in case there is any cancellation of classes due to bad weather or other unexpected factors.)		  
Class Time 1:00pm – 3:30pm  

 
Teaching Mode Online with live lessons
(Face-to-face sessions may be arranged if the pandemic would subside in Hong Kong later)
Teacher Prof. Joseph Han STICE

Assistant Professor
School of Accountancy
The Chinese University of Hong Kong

More about CUHK School of Accountancy & CUHK Business School:

  1. What Do You #LookForward​ to at CUHK Business School?
  2. Is Accounting equals to Number Crunching?
  3. What I learnt from CUHK – Professionalism and loyalty
  

 
Email hanstice@cuhk.edu.hk
Medium of Instruction English
Course Description Accounting is the system that organizations use to monitor financial resources, generate financial information for making decisions, and produce summary reports to evaluate financial performance. Accounting reports and accounting terminology provide the vocabulary that businesses use to talk about their operations. In short, accounting is the language of business.

 

This course provides you with an introduction to accounting. This course will expose you to many of the major topics in accounting: external financial reports, internal managerial reports, etc… Most of the course material will be in the areas of financial accounting (reporting financial strengths and weaknesses to parties outside the business such as investors and lenders) and managerial accounting (constructing detailed internal information, such as budgets and product costs, for use in internal decision making).
Course
Content		 Day 1: Introduction to Accounting: Understanding the Financial Statements

 

Day 2: The Power of Measurement: Performance Evaluation

 

Day 3: Planning, Budgeting, and Financial Statement Forecasting

 

Day 4: Introduction to Financial Statement Analysis

 

Day 5: Managerial Decision Making, Strategic Long-term Planning

 

Day 6: Course Assessment and Wrap Up
Learning Outcomes 1.         Construct and interpret a balance sheet and income statement.

2.         Construct and use internal accounting tools such as budgets, product cost reports, breakeven analyses, and non-routine decision analyses.

3.         Analyze transactions, record these transactions using debits and credits, and then use the accounting cycle to generate accounting reports

4.         Discuss accounting issues and solve accounting problems in a time-constrained group setting.

5.         Intelligently discuss the ethical dimensions of a variety of accounting-related business problems.

6.         Intelligently converse about the following topics:

a.         Earnings management

b.         Fraud and how to prevent fraud

c.         The theory and practice of income taxes

d.         Personal budgeting and financial planning

7.         Write a brief, focuses memo demonstrating basic understanding of accounting and business issues.

8.         Use computer-aided learning tools and online learning resources.

9.         Manage workload in a self-paced learning environment, including meeting regular deadlines.
Recommended Reading(s) / Reference(s) Introduction to Accounting, by Stice and Stice, myeducator.com
Course Assessment Participation (10%)

Assignments (20%)

Quizzes (20%)

Final Examination (50%)
 
  Last updated on 23 February 2021
   
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