Aggiornato A.A. 2016-2017
Ⅰ Course Objectives and Demands
This course is designed to provide you with a basic understanding of financial accounting and financial reporting. Specific attention will be devoted to the preparation, analysis and basic interpretation of financial information and financial statements. We will focus on the four financial statements used by external stakeholders for decision making purposes. By the end of the course, you should feel comfortable with reading a company's annual report and be able to make comparisons with other firms across different time periods.
Please note that you may need a calculator both in class and exams.
Ⅱ Textbook and references
Horngren, Sundem, Elliot and Philbrick, Introduction to Financial Accounting, Prentice Hall, 11th edition, Chapter 1 up to 11
Chosen Annual report
Please bring your textbook to every class as during lectures your instructor may refer to the text and also may work through selected textbook problems. A calculator will be needed in class.
Ⅲ Credits, Teaching Hours and Teaching Methods
Credit: 12
Credit hour: 72
Teaching methods:
Lecture 60%
Exercises, Discussion and group presentatio 40%
(Homework assignments are the basis for class discussion)
Ⅳ Grading
Group Project presentation and report 30%
Mid-term Exam 40%
Final exam 30%
Total 100%
The following factors are considered in the class participation and they can give to students additional bonuses:
1. Attendance.
2. Volunteering answers to questions or asking good questions.
3. Responses to discussion questions.
The mid-term exam will consist of basic questions on the assigned chapter for the class and/or more difficult questions on recently completed chapters. The format of the exams may differ among sections, usually include multiple choice, true or false and problems and brief numerical exercises. The final exam will be cumulative, covering all of the material considered in this course, but will emphasize material of the rest of the chapters. The exams will be composed primarily of multiple-choice questions, short answer questions, essay questions, problems and the preparation of financial statements or other financial data. There will be no makeup exams for any reason. It is therefore essential that you attend all exams. If you miss the midterm for a valid reason and have provided documentation (please notice the instructor before the midterm date about your absence), the weight of the midterm will be added to your final exam. A non-programmable calculator will be permitted for use in the exams, but no electronic communication devices (cell phones, IPAD etc.) are permitted at the exam tables.
Ⅴ Course Content and Time
Depending on overall class progress, the daily schedule may be adjusted. Any departures from the syllabus will be announced in class.
Preliminary Course calendar
2/20-2/21 Introduction, Financial Reports and Bookkeeping chp 1
2/22 Balance sheet chp1
2/27 Training session Carlino
2/28 3/1 Income Statement chp 2
3/6 Recording Transactions chp3
3/7 Training Session
Operating activities
3/8 Accrual Accounting Chp4
3/13 Accounting receivable and bad debt Revenue Chp6
3/14 Cash and Cash Flow statement Chp5
3/15 Inventories and cost of goods sold Chp7
3/20 Inventories and cost of goods sold Chp7
3/21 Training Session
3/22 Mid term simulation
4/5 Mid term
Investing activities and Financing activities
3/27 investment Chp11
3/28-3/29 PPE and Intangible assets Chp8
4/10 Liabilities and Interest Chp 9 -
4/11 Stockholders’ equity Chp 10
4/12 Training session
4/26 Group Project presentation Students
5/2 Group Project presentation Students
5/3 Group Project presentation Students
5/5 Final Exam
Prof.ssa Lucia Leonelli
