ACCT 102
Financial
Accounting
Management
Accounting
Overview of F/S
Cost Accounting
(Chap 1,2,3,4)
(Chap 18,19,20)
Operating activities
(Chap 5,6,9,10,11)
Cost-Volume-Profit Analysis
(Chap 22)
Financing activities
Operating Budgets
(Chap 13,14)
(Chap 23)
Investing activities
Capital Budgets
(Chap 10,15)
(Chap 25)
Cash Flows Statement
Managerial Decision
(Chap 16)
(Chap 25)
McGraw-Hill/Irwin
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Chap1 Accounting in Business
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1. Why Accounting?
2. What is Accounting?
3. Ethics in accounting
4. Accounting model / Accounting equation
5. Transaction analysis and recording
6. Financial Statement
7. Decision analysis: ROE & ROA
• Case: Coca Cola, Pepsi & Cadbury Schweppes
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Chap 2 Analyzing and Recording Transactions
1.
2.
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6.
7.
8.
Analyzing and Recording Process
Source document, Accounts & Ledger
T-account vs. Debit & Credit
Double-Entry Accounting
Journalizing and Posting transactions
Transaction analysis for FastForward
Trial Balance
Decision analysis: Debt ratio
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Wells Fargo, Hangseng Bank, CCB
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Chap 3 Adjusting Accounts and Preparing
Financial Statements
1. Periodic reporting / Time period principle
2. Accrual Accounting and Cash Accounting
3. Account Adjustment
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Prepaid expense
Unearned revenue
Accrued expense
Accrued revenue
4. Adjusted Trial Balance (ATB)
5. Preparation of Financial statement from ATB
6. Decision Analysis: Profit Margin
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Case: Intel & AMD
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Chap 4 Completing the Accounting Cycle
1.
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6.
Use of Worksheet
Closing Process
Accounting Cycle
Classification of Financial Statement
Decision Analysis: Current ratio
Review Exercise
•
McGraw-Hill/Irwin
(6 Problems, Please be Prepared)
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Chap 5 Accounting for Merchandising
Operations
1.
2.
3.
4.
5.
6.
Specialty of merchandising activities
Accounting for merchandise purchasing
Accounting for merchandise sales
Completing Accounting cycle
Financial statement format
Decision Analysis:
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Current Ratio
Acid-test ratio
Gross margin ratio
Case: Walmart & Target
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Chap 6 Inventories and Cost of Sales
1. Basics of Inventory
2. Inventory costing under a perpetual system
• Specific identification, FIFO, LIFO, weighted average
3. Inventory valuation and effect of inventory error
• LCM principle
4. Decision analysis:
• Inventory turnover
• Days sale in inventory
• Case: Walmart & Target
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Chap 9 Accounting for Receivables
1. Recognize Accounts Receivable
2. Valuing Accounts Receivable
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Bad debt allowance & Bad debt expense
3. Notes Receivable
4. Disposing of Receivables
5. Decision Analysis:
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Accounts Receivable Turnover
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Chap 10 Plant Assets,
Natural Resources, and Intangibles
1. PPE cost determination
2. Depreciation of PPE
3. Additional Expenditure of PPE
4. Disposal of PPE
5. Nature resources
6. Intangible assets
7. Decision analysis: Total asset turnover
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Chap 11 Current Liabilities and Payroll
Accounting
1. Characteristics of liabilities
2. Determinable liabilities
3. Estimated liabilities
• Warranty Liabilities
• Contingent Liabilities
4. Decision analysis:
• Times interest earned
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Chap 13 Accounting for Corporations
1. Corporate form of organization
2. Common Stock (Par Vs. Non-Par)
3. Preferred Stock (Cumulative Vs. Non-cumulative)
4. Dividends (Stock Dividend)
5. Treasury Stock (Purchase and Reissue Treasury Stock)
6. Reporting Income and Equity
7. Decision analysis:
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BPS
Dividend yield
PE ratio
Case: Pfizer, Johnson & Johnson, Eli Lilly
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Chap 14 Long-Term Liabilities
1. Basics of Bond
2. Bond Issuance (Bond Discount/Premium
Amortization, Present value of Bond)
3. Bond Retirement
4. Long-term Note payable (Installment Note with
Equal Payment or Equal Principal Payment)
5. Decision Analysis:
• Pledged assets to secured liability ratio
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Chap 15 Investments and
International Operations
1. Basics of Investments
2. Basic of Accounting for Investments
3. Accounting for AFS & Trading securities
4. Accounting for Influential Investments
• Equity Method for Significant Influential Investment
5. Accounting Summary for security Investments
6. International Operation (Exchange Rate Fluctuation)
7. Decision Analysis:
• Component of ROA
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Chap 16 Reporting the Statement of
Cash Flows
1. Basics of Cash flow reporting
2. Cash flow from operating (Direct Method and
Indirect Method, Reconciliation between Indirect and
Direct Method)
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4.
5.
6.
Cash flow from investing (Reconstruction Analysis)
Cash flow from financing (Reconstruction Analysis)
Interpretation of Statement of Cash flow
Decision analysis: Cash flow on total assets
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Chap 17 Analysis of Financial Statements
1. Basics of analysis
2. Horizontal Analysis
3. Vertical Analysis
4. Ratio Analysis
5. Decision Analysis: Analysis reporting
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Chap 18 Managerial Accounting Concepts
and Principles
1. Managerial Accounting Basics
2. Managerial Cost Concepts
3. Reporting Manufacturing Activities
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Balance Sheet
Income Statement
Flow of Manufacturing Activities
Manufacturing Statement
4. Decision analysis:
• Unit Contribution Margin
• Contribution Margin Ratio
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Chap 19 Job Order Cost Accounting
1. Job Order Costing Accounting System
2. Job Order Cost Flows and Reports
3. Overhead and Overhead Application
4. Adjust Overapplied and Underapplied Overhead
5. Job Order Accounting Typical Journal Entries
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Chap 20 Process Cost Accounting
1.
2.
3.
4.
Process Operation
Process Cost Accounting
Equivalent Units of Production
Process Costing Illustration
– GenX Company
5. Hybrid Costing System
6. Process Costing Typical Accounting Entries
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Chap 22 Cost-Volume-Profit Analysis
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Purpose of C-V-P Analysis
Identifying Cost Behavior
Measuring Cost Behavior
Using Break-Even Analysis
Applying C-V-P Analysis
Decision Analysis:
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McGraw-Hill/Irwin
Degree of Operating Leverage
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Chap 25 Capital Budgeting and
Managerial Decisions
Exh.
25-5,6
1. Capital Budgeting
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Method Not using Time Value of Money
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Method using Time Value of Money
2. Managerial Decision
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Decision and Information
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Managerial Decision Scenarios
3. Decision Analysis
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McGraw-Hill/Irwin
Break-Even Time
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