Financial Accounting

Syllabus

Required Text
Edmonds, T. P., Edmonds, C., McNair,F. M., & Olds, P. R. Fundamental Financial Accounting
Concepts (9th edition). New York, NY: McGraw Hill Higher Education.
ISBN: 9781308891798

Course Description
Students in this course explore basic accounting concepts and procedures and the
interpretation of financial statements. The principles of accrual and deferral accounting are
presented, including proper use of debits, credits, and fiscal year-end procedures. Students also
examine merchandising transactions, inventory costing and valuation, cash management, and
accounts receivable. The reporting of long-term assets, liabilities, and bonds are also discussed.

Course Objectives
Understand and use the four basic financial statements
Define and apply the accounting equation
Explain and employ the principles of accrual and deferral accounting
Record debits and credits, and close a fiscal year's books
Make merchandising entries and handle inventory
Practice cash accounting and internal control
Account for receivables
Understand and handle long-term assets and liabilities

Tentative Schedule
Week Assignments
Read Chapter 1 in textbook
Review Lecture 1 "The Accounting Equation"
Week 1 "The Accounting
Review Video Lecture 2 "Chapter 1"
Equation"
Complete Discussion "Basic Accounting Methods"
Complete Assignment Week 1 Problem Sets"
Read Chapter 2 in textbook
Review Lecture 1 "The Four Financial Statements"
Week 2 The Four
Review Video Lecture 2 "Chapter 2"
Financial Statements
Complete Discussion Grantham Landscaping"
Complete Assignment Week 2 Problem Sets
Read Chapter 3 in textbook
Read Chapter 4 in textbook
Week 3 "The General
Review Lecture 1 The General Journal and Debits & Credits"
Journal and Debits &
Review Video Lecture 2 "Chapter 3"
Credits"
Complete Discussion "Sales Returns and Allowance"
Complete Assignment "Week 3 Problem Sets"
Read Chapter 5 in textbook
Review Lecture 1 "Inventory Accounting"
Week 4 "Inventory Review Video Lecture 2 "Chapter 5"
Accounting" Complete Discussion Accounting Inventory Methods
Complete Assignment "Week 4 Problem Sets"
Complete Midterm
 Read Chapter 6 in textbook
Review Lecture 1 "Cash
Week 5 "Cash Reconciliations"
Reconciliations" Review Video Lecture 2 "Chapter 6"
Complete Discussion "Accounts Receivables"
Complete Assignment "Week 5 Problem Sets"
Read Chapters 7 and 8 in textbook
Review Lecture 1 "Intangible Assets and Depreciation Accounting
Week 6 "Intangible Assets Methods"
and Depreciation Review Video Lecture 2 "Chapter 7"
Accounting Methods" Review Video Lecture 3 "Chapter 8"
Complete Discussion Role of the Auditor
Complete Assignment "Week 6 Problem Sets"
Read Chapters 9 and 10 in textbook
Review Lecture 1 "Accounting for Payroll and Bonds"
Week 7 "Accounting for Review Video Lecture 2 "Chapter 9"
Payroll and Bonds" Review Video Lecture 3 "Chapter 10"
Complete Discussion "Liabilities"
Complete Assignment "Week 7 Problem Sets"
Review previous reading material, no new reading assignment this
week
Week 8 "The Accounting
Review Lecture 1 "The Accounting Cycle"
Cycle"
Complete Discussion "Review and Reflect"
Complete Final Exam
Work must be submitted by 11:59 p.m. Eastern Time on the date due.

Expected Student Workload

The following table outlines the academic effort required to be successful in this course. If you
have any questions or concerns, please direct them to your instructor.

Estimated Hours
Week Type of Activity Activity
Required
Readings/Lectures 0.6
Online Discussions 3.0
Assignments 0.0
1 Readings 2.5
Discussions 2.0
Preparation
Assignments 3.0
Clinical/Lab Hours 0.0

Estimated Hours
Week Type of Activity Activity
Required
2 Online Readings/Lectures 0.5
 Discussions
3.0
Assignments 0.0
Readings 2.8
Discussions 2.0
Preparation
Assignments 3.0
Clinical/Lab Hours 0.0

Estimated Hours
Week Type of Activity Activity
Required
Readings/Lectures 0.5
Online Discussions 3.0
Assignments 0.0
3 Readings 2.4
Discussions 2.0
Preparation
Assignments 3.0
Clinical/Lab Hours 0.0

Estimated Hours
Week Type of Activity Activity
Required
Readings/Lectures 0.5
Online Discussions 3.0
Assignments 2.0
4 Readings 1.6
Discussions 2.0
Preparation
Assignments 6.0
Clinical/Lab Hours 0.0

Estimated Hours
Week Type of Activity Activity
Required
5 Online Readings/Lectures 0.5
Discussions 3.0
Assignments 0.0
 Readings
1.7

Preparation Discussions 2.0

Assignments 3.0
Clinical/Lab Hours 0.0

Estimated Hours
Week Type of Activity Activity
Required
Readings/Lectures 0.6
Online Discussions 3.0
Assignments 0.0
6 Readings 4.3
Discussions 2.0
Preparation
Assignments 3.0
Clinical/Lab Hours 0.0

Estimated Hours
Week Type of Activity Activity
Required
Readings/Lectures 0.6
Online Discussions 3.0
Assignments 0.0
7 Readings 4.3
Discussions 2.0
Preparation
Assignments 9.0
Clinical/Lab Hours 0.0

Estimated Hours
Week Type of Activity Activity
Required
8 Readings/Lectures 0.5
Online Discussions 3.0
Assignments 2.0
Preparation Readings 0.0
Discussions 2.0
 Assignments
3.0
Clinical/Lab Hours 0.0

** The numbers listed in the chart above are rounded to the nearest whole

Grading Policy
Assignment Percentage
Discussions 40%
Assignments 40%
Midterm 10%
Final Exam 10%