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Financial Accounting
MAN 231
Full Course Title:
Financial Accounting
Finansijsko računovodstvo
Course Code:
MAN 231
Course Level/BiH cycle:
I cycle, second year
ECTS credit value:
6 ECTS
Student work-load:
For the whole semester:
Length:
Lectures
Tutorial /
Practical training
e.g.
Project
42
8
10
e.g.
Internship
Individual
learning
TOTAL
90
150
One semester; Fall 2015, 80 lectures and consultations hours
Faculty/School/Department: Faculty of Business and Administration
Course leader:
Assoc. Prof. Dr. Mojmír Sabolovič
Contact details:
Office F 1.15, +387 33 957105, msabolovic@ius.edu.ba
Site:
http://www.ius.edu.ba/mojmir-sabolovic
Host SP:
Management
Course status:
Program Required
Pre-requisites:
MATH 101
Access restrictions:
Assessment:
None
Quizzes, Midterm, Participation/Assignments, Homework, Final Exam
Date validated:
9.9.2015
Course aims:
To understand aim of accounting and interpret basic financial statements. Moreover this
course helps students how to use main accounting information in daily business life.
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Learning outcomes:
On successful completion of this course the student will be able to record basic business
Transactions like merchandising operations, inventory, and cash movements. Moreover,
they will learn accounting terminology and will be able to create and interpret financial
statements
Indicative syllabus content:
Introduction to accounting; Accounting and the business environment; Recording business
transactions; The adjusting Process; Completing the accounting cycle; Merchandising
operations; Internal control over cash payments; Merchandise inventory; Receivables; Plant
assets and intangibles; Current liabilities, Depreciations, LIFO, FIFO.
Learning delivery:
The methods include lecturing (which may involve power point presentations, video and
audio aid), and class discussions.
Assessment Rationale:
While quizzes, tests and project assessment types are used for measuring self learning and
independent study skills; presentations and case analysis are utilized for measuring
knowledge usage. In multiple choice questions correct answers are valued, for problems
correct answers and procedures are valued, in essay section correct elaboration of question
is valued. All achievements over 55% are satisfactory passing.
Assessment Weighting:
Quizzes 2x15%
Mid-term Exam
Final Exam
Essential Reading:
Donald E. Kieso, Jerry J. Weygandt, Terry D.: Intermediate Accounting
30%
35%
35%
Intranet web reference:
Important notes:
Expected workload:
Attendants of this class should read the chapter before they come into class. After the chapter
is covered they should solve the given exercises and give their solutions at the beginning of
the first hour of the week.
Attendance policy:
According to University regulations attendance is a mandatory.
Course Policies
Lateness in Assignments: The due date and time for each homework assignment will be
specified on the assignment handout itself. Late assignments will not be accepted.

Academic Integrity: Any cheating on examinations or quizzes or offering the work of
another as one's own in an assignment is regarded as a serious offence to the academic
integrity and will lead to a ZERO for the assignment grade, or serious disciplinary actions,
including possible suspension.

Collaboration in Assignments: Students are encouraged to work together on homework
assignments, to the extent that it helps promote a productive learning environment for all

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those involved. However each student must write his/her own solutions. Students cannot
get any grade from copied homework.
Additional/recommended reading:
Good source of various aspects of game theory would be http://www.gametheory.net
Quality assurance:
Student survey
Course schedule:
Week
1.
2.
3.
Dates
5-9.10.2015
12-16.10.2015
19-23.10.2015
Topic
Financial Accounting and
Accounting Standards Income Statement and Related
Information Balance Sheet and Statement of
Cash Flows Accounting and the Time Value of
Money 4.
26-30.10.2015
5.
2-6.11.2015
6.
9-13.11.2015
7.
16-20.11.2015
Inventories
8.
23-27.11.2015
9.
30-4.12.2015
Mid-term Exam
Acquisition and Disposition of
Property
7-11.12.2015
Chapters 1-3
Chapter 4
Chapter 5
Chapter 6
1. Test
Cash and Receivables
10.
Relevant reading
Chapter 7
Depreciation, Impairments and
Depletion
Chapter 8-9
Chapter 10
Chapter 11
Assignments
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Week
Dates
11.
14-18.12.2015
12.
21-25.11.2015
13.
28-1.1.2016
14.
4-8.1.2016
15.
11-15.1.2016
Topic
Other assets, ch. 12-15
Relevant reading
Assignments
Chapter 1215
2. Test
Accounting for Leases
Statement of Cash Flows, ch. 22
Chapter 21
Chapter 22
Final Exam
NOTE: This syllabus is subject to change as deemed necessary by the instructor in coordination with students.
NOTE: You are responsible for knowing the information provided in this syllabus.