Identification Subject
(code, title, credits)
Department
Program
(undergraduate, graduate)
Term
ACC 801: Financial Accounting - 3KU/6ECTS credits
Economics and Management
MBA
Fall 2015
Instructor
N/A
Mirismayil Seyidov
E-mail: mirismayil.seyidov@gmail.com
Phone:
Classroom/hours Bashir Safaroghlu 122, Room #,
Office hours
Prerequisites
Language
Compulsory/Elective
English
Required textbooks and course materials
Walter T. Harrison, Charles T. Horngren, C. William Thomas, Financial Accounting
,10 th edition 2014
Course website
Course outline
Course objectives
Learning outcomes
Teaching methods
Financial Accounting course is concerned with analyzing financial performance and position of different companies using Financial Statements. The topics include understanding basic accounting concepts and principles and preparation analyzing of
Financial Statements. Students will need to demonstrate technical proficiency in the use of double entry techniques, including the preparation of basic financial statements for incorporated and unincorporated entities, as well as simple consolidated financial statements for group incorporated entities. Students also need to be able to conduct a basic interpretation of financial statements.
The main objective of this course is to give the students knowledge of preparation of financial statements and analysis of financial accounting data.
Students will be able to:

Analyze Financial Statements of different companies;

Prepare Income Statements, Statement of Financial Position, Statement of
Equity and Cash Flow Statement;

Calculate the closing inventory using different methods such as FIFO, LIFO and AVCO;

Calculate the amount of depreciation of PPE using different methods such as
Straight Line and Reducing method;

Explain the difference between the cash basis and accrual accounting;

Analyze the financial performance and position of companies through financial ratios;

Explain the difference between US GAAP and IFRS;
Lecture
Group discussion


Experiential exercise
Case analysis
Simulation
Problem Solving


Others
Evaluation Methods Date/deadlines Percentage (%)
Midterm Exam 25
32

Case studies
Class Participation
Assignment and quizzes
Project
Presentation/Group
Discussion
Final Exam
Others
Total
Tentative Schedule
Topics
5
20
10
40
100
Policy
Date/Day
(tentative)
Textbook/Assignments
7
8
5
6
1
2
3
4
14.09.2015 Introduction of Financial Accounting; Financial Statements
21.09.2015 The use of double entry – Transaction analysis
28.09.2015 Accrual Accounting & Income
5.10.2015 Internal Control & Cash – Quiz 1
12.10.2015 Short term investments & Receivables
19.10.2015 Inventory & Cost of Goods Sold
26.10.2015 Plant Assets, Natural Resources, & Intangibles- Quiz 2
02.11.2015 Midterm exam & Preparation of financial statements
9 09.11.2015 Long-Term Investments & the Time Value of Money
10 16.11.2015 Liabilities
11 23.11.2015 Stockholders’ Equity– Quiz 3
12 30.11.2015 The Income Statement, the Statement of
Comprehensive Income, & the Statement of
Stockholders’ Equity
13 7.12.2015 The Statement of Cash Flows
14 14.12.2015 Financial Statement Analysis– Quiz 4
15 21.12.2015 Interpretation of financial statements and calculation of ratios - Presentation
16 TBA Final exam
Chapter 1
Chapter 2
Chapter 3
Chapter 4
Chapter 5
Chapter 6
Chapter 7
Handouts
Chapter 8
Chapter 9
Chapter 10
Chapter 11
Chapter 12
Chapter 13
Chapter 13
33