The Higher Canadian Institute for Business
and Engineering Technology
Quality Assurance Unit
Course Specification
Course Title: Financial Accounting II
Course Code: BADM 105
I. Basic Course Information
Program(s) on which the course is given: Business Administration
Core or elective course of program Core:
Department offering the course: Business
Academic level: First
Semester in which course is offered: Spring
Course pre-requisite(s): BADM 102
Credit Hours:3
Contact Hours Through:
Lecture
3.0
Tutorial*
2.0
Practical*
0.0
Total
5.0
Approval date of course specification:January 2014
II. Overall Aims of Course
This course primarily focuses on studying some important accounting topics as the
inventory evaluation methods, methods of calculating depreciation for fixed assets,
accounting treatment for accounts receivables,. The course also explores the formation
of partnerships , admission and withdrawal of a partner, profit and loss distribution
methods, and liquidation of a partnership. The course covers topics on corporations
accounting issues as issuance of stocks and bonds, evaluating them and distributing
dividends and interests.
III. Program ILOs covered by course
Program Intended Learning Outcomes (By Code)
Knowledge &
Intellectual Skills
Professional Skills
Understanding
K1 , K2 , K17
I1,I3,I4
P1 , P3,P5
General
Skills
G3 , G4
1
The Higher Canadian Institute for Business
and Engineering Technology
Quality Assurance Unit
Course Specification
IV. Intended Learning Outcomes of Course (ILOs)
a. Knowledge and Understanding
Upon completion of the course, students should be able to:
K.1,Recognize the accounting for inventory
K.2Explain the partnership of organization, partnership characteristics along with
the accounting conceptsand procedures for its most fundamental transactions.
K.3Describe methods of estimating and measuring inventory
K.4Report income, earning per share and retained earning
b. Intellectual/Cognitive Skills
Upon completion of the course, students should be able to:
I.1 Apply the methods for assigning costs to inventory
I.2 Interpret the accounting corporation concepts and procedures for equity
transactions
I.3 Analyze the performance of bonds and notes
I.4 Evaluate the payments of patterns , interest computations retirement and
reporting requirements
c. Practical/Professional Skills
Upon completion of the course, students should be able to:
P.1 Prepare the financial reports of partnership and corporation companies
P.2 Analyze and test the accounting concepts in corporate forms and procedures for
equity transactions
P.3 Design and operate inventory and account receivable systems.
d. General and Transferable Skills
Upon completion of the course, students should be able to:
G.1 Explain the partnership and corporation forms organizations
G.2Recognize and describe the details of the corporate form of organization as
continuous learning for varieties of business forms organizations
V. Course Matrix Contents
Main Topics / Chapters
Reporting and Analyzing
1- Inventory
2-
Accounting for Receivables
Accounting for
3- Partnerships
Corporations: Organization
and Capital Stock
4Transactions
5- Corporations: Dividends,
Duration
(Weeks)
Course ILOs Covered by Topic
(By ILO Code)
K&U
I.S.
P.S.
G.S.
2
K1,K2
I1
P1,P3
G1
2
K2, K3
I2
P2,P3
G2
3
K1,
K2,K3
I1, I2, I3
P1, P2
G1, G2
3
K1, K2,
K4
I1, I3, I4
P1, P2
G1, G2
3
K3, K4
I2, I4
P1, P2
G1 , G2
2
The Higher Canadian Institute for Business
and Engineering Technology
Quality Assurance Unit
Course Specification
Retained Earnings, and
Income Reporting
Net Teaching Weeks
13
VI. Course Weekly Detailed Topics / hours / ILOs
Week
No.
1
2
3
4
Sub-Topics
Reporting and Analyzing Inventory
1. Describe the steps in determining
inventory quantities.
2. Explain the accounting for
inventories and apply the
inventory cost flow methods.
3. Explain the financial effects of
the inventory cost flow
assumptions.
1. Explain the lower-of-cost-ormarket basis of accounting for
inventories.
2. Indicate the effects of inventory
errors on the financial statements.
3. Compute and interpret the
inventory turnover ratio.
Accounting for Receivables
1. Identify the different types of
receivables.
2. Explain how companies recognize
accounts receivable.
3. Distinguish between the methods
and bases companies use to value
accounts receivable.
4. Describe the entries to record the
disposition of accounts
receivable.
5. Compute the maturity date of and
interest on notes receivable.
1. Explain how companies recognize
notes receivable.
2. Describe how companies value
notes receivable.
3. Describe the entries to record the
disposition of notes receivable.
Total
Hours
Contact Hours
Theoretical
Practical
Hours
Hours*
3
3
5
3
2
5
3
2
5
3
2
3
The Higher Canadian Institute for Business
and Engineering Technology
Quality Assurance Unit
Course Specification
4. Explain the statement
presentation and analysis of
receivables.
5
6
7
8
9
10
11
12
13
Accounting for Partnerships
1. Identify the characteristics of the
partnership form of business
organization.
2. Explain the accounting entries for
the formation of a partnership.
1. Identify the bases for dividing net
income or net loss.
5
3
2
5
3
2
3
2
5
3
2
5
3
2
5
3
2
5
3
2
5
3
2
Midterm Exam
1. Describe the form and content of
partnership financial statements.
2. Explain the effects of the entries
5
to record the liquidation of a
partnership.
Corporations: Organization and
Capital Stock Transactions
1. Identify the major characteristics
of a corporation.
2. Differentiate between paid-in
capital and retained earnings.
1. Record the issuance of common
stock.
2. Explain the accounting for
treasury stock.
3. Differentiate preferred stock from
common stock.
1. Prepare a stockholders’ equity
section.
2. Compute book value per share.
Corporations: Dividends, Retained
Earnings, and Income Reporting
1.
2. Prepare the entries for cash
dividends and stock dividends.
1. Identify the items reported in a
retained earnings statement.
2. Prepare and analyze a
4
The Higher Canadian Institute for Business
and Engineering Technology
Quality Assurance Unit
Course Specification
comprehensive stockholders’
equity section.
14
1. Describe the form and content of
corporation income statements.
2. Compute earnings per share.
15
Total Teaching Hours
5
3
2
Final Exam
63
39
24
Teaching/Learning
Method
Selected
Method
VII. Teaching and Learning Methods
Lectures & Seminars
**
Tutorials
Computer lab Sessions
Practical lab Work
Reading Materials
Web-site Searches
Research & Reporting
Problem Solving /
Problem-based Learning
Projects
Independent Work
Group Work
Case Studies
Presentations
Simulation Analysis
**
Course ILOs Covered by Method (By ILO Code)
K&U
K2 , K3,
K4
K1
Intellectual
Skills
Professional
Skills
General
Skills
I1 , I2, I3
P1
G1
I4
P2
G2
**
K1, K3 ,
K4
I2, I3 , I4
P2
G1, G2
**
**
K4
K1, K2
I1, I3
I3, I4
P1
P1, P2
G2
G1, G2
Others (Specify):
Selected
Method
VIII. Assessment Methods, Schedule and Grade Distribution
Course ILOs Covered by Method
(By ILO Code)
Assessment
Method
K&U
I.S.
P.S.
G.S.
Midterm Exam
**
K1, K2
K1, K2,
K3 , K4
I1 , I3
I1 ,I2 ,
I3 , I4
Final Exam
**
Quizzes
**
K 2, K3
Course Work
**
K2 , K4
Assessment
Weight /
Percentage
Week
No.
P1
G2
20%
7
P1 , P2
G1 , G2
50%
13
I3 , I4
P2
G1
10%
I1 , I3 ,
I4
P1, P2
G1 , G2
10%
3,4,9,
11
2 , 4, 6,
8, 10 , 12
5
The Higher Canadian Institute for Business
and Engineering Technology
Quality Assurance Unit
Course Specification
Report Writing
Case Study
Analysis
Oral
Presentations
Practical
**
K4
I4
P2
G2
5%
4,8
**
K1, K2
, K3
I1 , I4
P1 , P2
G1 , G2
5%
3 , 5 , 9,
11
Group Project
Individual Project
Others (Specify):
IX. List of References
Required Text Books
Wild, John J., Ken W. Shaw, and Barbara Chiappetta. Fundamental
Accounting Principles. USA: MC Graw Hill Higher Education,
2012.
Course notes

Recommended books 
Periodicals, Web sites, 
etc …
Lecture Note
Accounting Principles , Weygandt, Kieso and Kimmel
www.SSRN.com
X. Facilities required for teaching and learning
List the facilities required
 Membership in e-learning websites and e – learning international Journal for
researches
Course coordinator: Dr. Eman Ahmed
Head of Department:Dr. Dina Krema
Date: January 2014
6