Basic Financial Accounting
(ACBG13) (7.5 credits)
Introduction Lecture
02-11-2022
Caroline Teh
1
Teaching Team
Primary source of communication:
Q&As in Discussion section of Canvas
course page.
Meeting teachers: By appointment only
Examiner/Course coordinator:
Caroline Teh (caroline.teh@ju.se)
Teacher/Seminar/Lab leaders:
Amin Soheili (amin.soheili@ju.se)
Mohamed Genedy
(mohamed.genedy@ju.se)
Excel Assignment:
Kjel Hendriks (ask him questions in the
Discussion section on Canvas)
2
Objective of the course
Introduce students to the accounting cycle.
This includes:
❑ Basic financial accounting concepts according to the International
Accounting Standards Board (IASB).
❑ Recording of selected business transactions.
❑ Preparation of annual accounts /financial statements and annual reports.
❑ Introduction to financial ratios and their use in analysing financial
statements.
3
Intended Learning Outcomes (ILOs)
Knowledge and understanding:
1. Explain and discuss fundamental accounting concepts in financial transactions and
the accounting cycle.
Skills and abilities:
2. Perform double entry bookkeeping and prepare basic financial statements.
3. Analyse and interpret the financial reports of a company.
4. Apply the accounting concepts in accounting practice.
5. Use Excel to calculate basic accounting measures.
Judgment and approach:
6. Identify and interpret basic financial accounting problems.
4
How will you achieve the ILOs?
1. Individually written exam (ILOs 1 to 4, &
6): 4.5 credits.
2. Group assignment (written and oral) (ILOs 3
to 5): 3 credits.
3. Individual Excel assignment (self-directed
and online) (ILO 5): 0 credit (pass or fail
only). (you need to pass the excel
assignment to pass the course)
5
Course evaluation from 2021 – what
changes are made in 2022?
❖ Mixed complaints about recorded lectures – cannot
ask questions, repetition was good
❖ First exam too difficult
❖ Exercise sessions were appreciated
❖ Textbook is changed (the chapters are shorter)
❖ Scheduled Lab sessions to guide you for your group
assignment
❖ Structure of exam will change – only 12 points
allowed as MCQ’s (previously it was 20 points).
6
Elements in this course:
Lectures (on campus) (Amin, Mohamed Genedy, Caroline)
Exercise seminar A (on campus) (Amin & Caroline)
Exercise seminar B (on campus) (Amin & Caroline)
Exercise seminar C (on campus) (Amin & Caroline)
Exercise seminar D (on campus) (Amin & Caroline)
Excel assignment (self-directed & online, upload on Canvas) (Kjel)
Group written report and excel sheet (upload on Canvas)
Group oral presentation (upload slides online and present on campus)
Group lab sessions for group assignment (on campus)
(Amin, Mohamed Genedy)
Written individual exam (on campus, digital exam) (Caroline)
If you have a special circumstance, please get in touch with Caroline as
soon as possible.
7
Assessment and Grading
Assessment component
Points
Written group assignment (Group work) (you need
30
18 points to pass this)
Oral group presentation (Group work) (you need 6
10
points to pass this)
Excel assignment (Individual)
Written Exam (Individual) (you need 36 points to
Pass/Fail
60
pass this)
Total points
100
To pass each component, you must obtain 60% of the total points in each
component. You MUST pass ALL components in order to pass the
course.
8
Assessment and Grading
Determination of final grade:
Points
Grade
90-100
A
80-89
B
70-79
C
65-69
D
60-64
E
< 60
FX
Example: You received 18 points (of 30) for written group assignment, 9
points (of 10) for group presentation, and 36 points (of 60) for exam. Your
final grade will be: E (18+9+36 = 63).
9
Excel Assignment (1)
What is the assignment about?
This self-directed assignment teaches you how to use Excel. This
is in agreement with your programme directors. You will need to
use Excel in your group assignment and future courses.
This assignment receives no points. It is a "Pass or Fail"
assignment. You need to pass this assignment in order to pass
this course.
Complete the course called “Excel 2016 Advanced Eng”
(this is in English) or “Excel 2016 fortsättning”
(this is in Swedish) in Addskills.
To get started with your assignment, go to the Canvas page,
under Assignment, click “Excel Assignment” and read the
instructions.
10
Excel Assignment (2)
There are different parts in the excel course and each part has a
quiz. Once you complete all the quizzes and obtain a reasonable
amount of points, you receive a certificate of completion.
Upload the certificate of completion onto Canvas latest by
18 November, 17.00.
If you find the assignment difficult, then I urge you to also
complete the more basic course “Excel 2016 Basics Eng”
(in English) or “Excel 2016 grunder” (in Swedish).
If you have questions, please ask Kjel on Canvas.
11
Group Assignment (1)
On 10th November, 13.00-14.00, an information session will be held on
campus about this group assignment. Please attend!
•Part A (Company report plus Excel calculations in a separate excel sheet):
maximum 30 points with a minimum of 18 points required to pass this part.
Deadline: 5th December, 17:00 (upload your report and excel separately
on Canvas)
•Part B (Group oral presentation): maximum 10 points with a minimum
of 6 points required to pass this part. Deadline: 7th December 13:00 (upload
your power point slides on Canvas)
Failure to meet the assigned deadline results in a maximum grade of 60%
(=Pass or E) for the related part of the assignment if the part is assessed
as passed.
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Group Assignment (2)
Part A (Company report plus Excel calculations in a separate excel sheet):
➢ A listed corporation will be assigned to you.
➢ You will be performing a financial statement analysis of your corporation.
➢ You will write a report and perform the analysis on Excel.
Part B (Group oral presentation):
❖ Each presentation slot is 2-hours and can have max 4 groups only.
❖ Presentations will be on campus. Mandatory attendance!
❖ Everyone in the group must speak.
❖ You have 3 weeks to complete your group assignment from 11th
November.
❖ If you FAIL the group report or presentation, you will resubmit in
February/present again in February. If you fail in February, you will have
to redo the assignment in autumn next year. There is no make-up
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assignment to replace this.
Group Assignment (3)
Group assignment lab sessions (by Amin, Mohamed)
▪ The scheduled lab sessions are hands-on sessions to help you with your
group assignment. Attendance will be taken at labs.
▪ A tutor will be assigned to you. Your tutor will grade your report and
presentation.
▪ You can also ask for meetings with your tutor outside of the lab sessions
but make an appointment with them first.
▪ To use your time efficiently, ask your tutor specific questions. Do not ask
questions where the answers are known: "What is liquidity ratio?" "What
font size should I use in the written report?" "When is the deadline?“.
▪ Use your time wisely and respect your tutor’s time.
14
Exercise Seminars A, B, C, D
▪ You sign up for your preferred time slot. Time slots will be opened soon.
▪ This is not a group activity. You do not need to be with your group.
▪ A list of exercises will be given to you to try before each seminar. These
will be the exercises we will go through in the seminars.
▪ Solutions to all exercises will be uploaded after each seminar.
▪ Limited to 70 people in the room at any one time (except for Seminar D).
▪
▪
▪
▪
Be on time!
Ask questions!
Practise! Practise! Practise!
Don’t be a passive student.
15
Live Q&A session before your exam
There will be two live Q&A sessions with Caroline before the
exam: 12th and 14th December on Zoom (Zoom link will be
given on Canvas later)
These sessions are for you to ask questions related to the topics
you have learned in lectures or exercise sessions.
Ask your questions to Caroline in the Discussion section on
Canvas, 24 hours before the Q&A session or during the session.
Please ask specific questions.
16
Individual Written Exam (60 points)
✓
✓
✓
✓
Date of Exam: 19th December (Monday) 09:00-13:00
Register for the exam between 19-11-2022 to 09-12-2022!
Digital Exam on Inspera. You need to sign in using JU account.
It will be a closed-book exam. This means you cannot refer to your books,
notes, lecture notes, the internet, or ask anyone.
✓ Do not cheat. Maintain your integrity and character.
✓ A calculator and blank pieces of paper will be provided to you during exam.
✓ Re-exam : February 2023 and August 2023.
✓ The exam will have 2 parts:
❑ Multiple-choice questions (24 Q’s, 0.5 points each, 12 points in total)
❑ Short answer questions (about 8 to 12 questions, 0.5 to 1 point, 8 points
in total)
❑ 1 Comprehensive calculation question (this can be Balance Sheet,
Income Statement, Statement of Cash Flows, T-accounts or combination)
(40 points)
❖ VERY IMPORTANT! Click the submit button in the exam
17
before the time of your exam ends!
Forming Groups
1. Form groups of 6 students and sign up on Canvas as soon as possible,
latest by 18th November 2022, 17:00.
2. Appoint a leader for the group.
3. Group leader ensures that all group members sign-up as a group on the
Canvas, organizes work-load in group, communicate with all members,
communicate with teacher, upload work onto Canvas.
4. If there are students who join the course after 18th November, groups
are not allowed to automatically accept them as a group member without
Caroline’s consent (no exceptions!).
5. If you cannot find a group, contact Caroline.
6. Any student who joins the course after the course has started for 2 weeks,
must contact Caroline.
18
Timeline (1)
Date and Time
Room
2022-11-02
10.00-12.00
He102
Course Introduction lecture
Caroline
He102
Lecture 1 – Chapter 1, 10
Amin
He102
Lecture 2 – Chapter 4,5,6
Amin
He102
Lecture 3 – Chapter 38, 39
Mohamed
2022-11-08
13.00-15.00
He102
Lecture 4 – Chapter 38, 39
Mohamed
2022-11-10
13.00-14.00
He102
Information session for group assignment – MANDATORY!
Mohamed,
Amin, Caroline
2022-11-11
10-12 & 13-15
B1014
Exercise Session A – Groups 4 (10-12) & Group 5 (13-15)
Caroline
2022-11-11
10-12, 13-15,
15-17
B1033
Exercise seminar A - Group 1 (10-12), Group 2 (13-15), Group
3 (15-17)
Amin
2022-11-14
10.00-12.00
He102
Lecture 5 – Chapter 7,8,9,20
Caroline
2022-11-15
13.00-14.45
He102
Lecture 6 – Chapter 3,18
Caroline
2022-11-16
8-17
B3008
Lab tutorial 1 – Amin’s groups (8-10, 10-12, 13-15, 15-17)
Amin
2022-11-03
10.00-12.00
2022-11-04
10.00-12.00
2022-11-07
10.00-12.00
Content
Teacher
19
Timeline (2)
Date and Time
Room
2022-11-16
10.00-17.00
B4065
Lab tutorial 1 – Mohamed’s groups (10-12, 13-15, 15-17)
B1014
Exercise seminar B - Group 1 (10-12), Group 2 (13-15), Group
Amin
3 (15-17)
B1033
Exercise seminar B – Group 4 (10-12), Group 5 (13-15)
Caroline
Excel assignment due! Form groups due!
Deadline
2022-11-18
10.00-17.00
2022-11-18
10.00-15.00
2022-11-18
17.00
2022-11-19
Content
Teacher
Mohamed
Registration for December exam opens!
2022-11-21
10.00-12.00
He102
Lecture 7– Chapter 21
Caroline
2022-11-22
13.00-14.45
He102
Lecture 8 – Chapter 22
Caroline
2022-11-23
8-17
B3008
Lab tutorial 2 – Amin’s groups (8-10, 10-12, 13-15, 15-17)
Amin
2022-11-23
10.00-17.00
B4065
Lab tutorial 2 – Mohamed’s groups (10-12, 13-15, 15-17)
Mohamed
20
Timeline (3)
Date and Time
2022-11-25
10-17
2022-11-25
10-15
2022-11-28
15.00-16.45
2022-11-29
13-14.45
Room
Content
Teacher
B1014
Exercise seminar C - Group 1 (10-12), Group 2 (13-15),
Group 3 (15-17)
Amin
B1033
Exercise seminar C – Group 4 (10-12), Group 5 (13-15)
Caroline
He102
Lecture 9 – Chapter 35,36
Caroline
He102
Lecture 10 - Chapter 28,37
Caroline
2022-11-30
8-17
B3008
Lab tutorial 3 – Amin’s groups (8-10, 10-12, 13-15, 15-17)
Amin
2022-11-30
10-17
B4065
Lab tutorial 3 – Mohamed’s groups (10-12, 13-15, 15-17)
Mohamed
B1033
Exercise seminar D – Group 1 (8-10), Groups 2 & 4 (10-12),
Group 3 & 5 (13-15)
Caroline
He102
Lecture 11 – Chapter ?? – In-class quiz game
Caroline
He102
Lecture 12 – Wrap-up lecture
Caroline
2022-12-02
10-15
2022-12-05
10.00-11.45
2022-12-06
10.00-11.45
21
Timeline (4)
Date and Time
Content
Room
Teacher
2021-12-05
17.00
Group written report and excel sheet due. Upload both
separately in Canvas. Penalty for late submission.
Deadline
2022-12-07
13.00
Presentation slides due. Upload on Canvas! Penalty for
late submission.
Deadline
2022-12-07
10.00-12.00
B3052
Group oral presentation
Amin
2022-12-08
8.00-17.00
B3052
Group oral presentation
Amin
2022-12-08
8.00-17.00
B3051
Group oral presentation
Mohamed
Genedy
2022-12-09
8.00-17.00
B3052
Group oral presentation
Amin
2022-12-09
8.00-17.00
B3051
Group oral presentation
Mohamed
Genedy
December exam registration closes!
Deadline
Live online
Live Q & A with Caroline (Check if you have any exams on
these dates and time)
Caroline
Check in
the
Intranet!
Final Exam – digital exam on
Inspera, On Campus
Caroline
2022-12-09
2022-12-12
10.00-12.00
and 2022-12-14
13.00-15.00
2022-12-19
09.00-13.00
Exclude chapter 38, 39
22
Code of conduct
Attendance – We will take attendance for Lab sessions and oral group presentations!
Group oral presentations – Every group member MUST present/speak! If you cannot
attend, send me a doctor’s note.
Plagiarism and URKUND – All work submitted will be assessed through Urkund.
Plagiarism and any form of cheating is a serious crime! If you are found to have
plagiarised, you will be reported to the Disciplinary Board.
Naming and uploading of files – Always state the group number and course name in
the Power Point, Word or PDF file name. For example, “Group 1 – Written Assignment
- BFA” “Group 8 – Presentation Slides – BFA”. Also ensure that on the first page, the
group number and all group members’ names are clearly stated. No name or no group
number, then no grade given!
Be polite to your teachers.
✓ Dear [teacher’s name]  Write like this.
X
Dear,
 DO NOT write like this.
23
Free-rider – a person who wants to receive a grade
without doing any work or do too little work.
As future managers, I encourage you to manage free-riders
constructively. Communicate with the free-rider(s) and try to solve the
problem. If you cannot, then contact Caroline. We
do not
tolerate free-riders!
Jönköping University does not, under any circumstances whatsoever, accept
discrimination, harassment, sexual harassment and victimisation.
Jönköping University runs purpose-oriented initiatives to promote equal
rights and opportunities for everyone regardless of:
•gender
•gender identity or expression
•ethnicity
•religion or other belief
•disability
•sexual orientation
•age
24
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25
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This is what we will do for you in this
course:
➢
➢
➢
➢
➢
Teach you the important aspects from the book (lectures)
Explain the exercises to you and show you how to do them (exercise seminars)
Relate what you learn to the financial world (lectures, group assignment)
Support you through your assignment (lab sessions)
Upgrade your grade if you are 0.5 points away from the next grade
What will YOU do in this course?
➢
➢
➢
➢
➢
➢
➢
➢
Will you attend all sessions?
Will you read your textbook?
Will you do the recommended exercises?
Will you complete the excel assignment?
Will you work with all in your group with your best attitude?
Will you contribute to the group work?
Will you meet deadlines?
Will you ask questions?
28
What to do next?
❖Get the textbook.
❖Form groups of 6. Sign-up on Canvas by 18
November 17:00.
❖Start on your Excel assignment (due 18
November, 17.00)
❖Check Canvas often for announcements.
THANK YOU!
29