Identification
Prerequisites
Language
Compulsory/Elective
Required textbooks
and course materials
Subject
(code, title,
credits)
Department
Program
(undergraduate,
graduate)
Term
ACC 801 Financial Accounting
Instructor
E-mail:
Phone:
Classroom/hours
Office hours
N/A
English
Niyazi Abbasov
niyaziabbasov@yahoo.com
+99455 505 66 77
Bashir Safaroghlu 122
Economics and Management
Graduate
Fall 2015
Major Textbook. Financial Accounting, Walter T. Harrison, Jr., Charles T.
Horngren, C. William Thomas, 10th edition 2014/9/E, 2013
Supplimentary books:
Financial Accounting: An International Introduction (David Alexander, Prof
Chistopher Nobes)
Advanced Financial Accounting: An International Approach ( Jagdish
Kothari&Elisabetta Barone)
F3,F7 (Financial Accounting/Corporate Reporting, BPP, ACCA approved publisher )
Carl S. Warren, James M. Reeve, Financial Accounting , 12th Edition 2011
Course website
Course outline
Course objectives
Learning outcomes
The course focuses on the contemporary issues of financial accounting and reporting,
their measure and analysis. The aim of this course is to provide students with a deep
understanding of the principles, procedures and techniques underlying the accounting
process and financial statement preparation. It will prepare the students to analyze and
draw conclusion while reviewing the financial information/statements.
The course will cover the nature, scope and function of accounting; accrual vs. cash
basis accounting, concepts of accounting and generic principles underlying accounting
theory and practices; preparation of financial statements; accounting for cash,
receivables, fixed and intangible assets, inventories, current, deferred and contingent
liabilities; accounting for partnerships and financial statement analysis and
interpretation. Course will encompass practical case studies related to core chapters of
financial accounting.
The objective of this course is to impart knowledge and techniques to prepare financial
accounting report and analysis of financial accounting data. This course will help
students arrive at solutions through comprehensive understanding of financial
accounting issues related to modern business organization. This will enhance the
approach to address critical aspects in the organization.
Students will be able to:
 Have a in-depth understanding of preparing of the different dimension of the
three financial statements and related reports. To be able to assimilate
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Teaching methods
Evaluation
information from the statements for strategic decision making.
 Effectively use the understanding of accounting principles to enable the
computation of the calculations that go into the preparation of financial reports

Lecture

Group discussion
Experiential exercise
Case analysis

Simulation

Problem Solving

Others
Methods
Date/deadlines
Percentage (%)
Midterm Exam
25
Case studies
Class Participation
10
Assignment/ quizzes (4)
25
Project
Presentation/Group
Discussion
Final Exam
40
Others
Total
100
Week
Policy
Date/Day
(tentative)
1
2
3
17.09.2015
24.09.2015
4
5
6
7
8
9
10
11
08.10.2015
15.10.2015
22.10.2015
29.10.2015
05.11.2015
12.11.2015
19.11.2015
26.11.2015
12
13
14
15
16
01.10.2015
03.12.2015
10.12.2015
17.12.2015
24.12.2015
Tentative Schedule
Topics
The Financial Statements
Holiday
Transaction Analysis
Accrual Accounting and income
Internal control and cash (Revision class and Quiz 1)
Short term investments and receivables
Inventory and cost of goods sold
Plant assets Natural Resources Intangibles (Quiz 2)
Long term investments and time value of money
Midterm Exam
Liabilities
Stockholders Equity
The Income Statement and Statement of comprehensive
income (Quiz 3)
Statement of cash flows
Financial Statement Analysis (Revision class and Quiz 4)
Revision
Final exam
Textbook/Assignments
Chapter 1
Chapter 2
Chapter 3
Chapter 4
Chapter 5
Chapter 6
Chapter 7
Chapter 8
Chapter 9
Chapter 10
Chapter 11
Chapter 12
Chapter 13
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