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Financial accounting 2
1. Financial Accounting II
Fall 20162. Course description
This course continues the introduction offinancial accounting and addresses the
following topics:
organization and operations of
corporations;
corporate transactions;
reporting income and retained earnings;
earnings per share;
bonds as liabilities and investments;
the cash flow statement,
equity investments and
international operations.
3.
Intended Learning OutcomesUpon the completion of the course, the
student shall be able to:
Assess the nature and purpose of the
primary financial statement required by
International Financial Reporting
Standards (IFRS) and Generally Accepted
Accounting Principles (GAAP) including
the management process and accounting
methods used to prepare and review such
statements.
4. Intended Learning Outcomes
Analyze the content and underlyingbasis of IFRS and GAAP, including the
respective roles of management and
external auditor for statement
development and examination.
Understand the current status of
business and accounting ethics and
related codes of conduct.
Analyze key financial accounting
techniques
5. Intended Learning Outcomes
Assess selected accounting-relatedmethods supporting management
planning and evaluation and various
accounting techniques to accumulate,
analyze, and control costs.
Describe the underlying concepts,
techniques, analyses, and methods by
which the accounting function
supports management decisionmaking.
6.
READINGS FOR THE COURSEWilliams, Jan; Haka, Sue; Bettner, Financial
Accounting, McGraw Hills, 14th Edition,
2010.
Reference books:
Barry J. Epstein Eva K. Jermakowicz.
Interpretation and Application of International
Financial Reporting Standards. 2010. John
Wiley & Sons, Inc., Hoboken, New Jersey.
International Financial Reporting Standards,
IFRS 2014
Additional Information:
L:\Zhanat Syzdykov\ACC 2102
7.
EVALUATION:First Assessment 25 points:
Attendance
02% - 10 classes
Quizzes 08% - 2 quizzes
Midterm Exam #115%
Second Assessment - 30 points:
Attendance
03% - 12 classes
Quizzes 12% - 3 quizzes
Midterm Exam #220%
Final Assessment 40 points:
Attendance
2% - 10 classes
Participation
04% - 1-2 asgn / qzs
Final Exam
34%
Total Points
100
8. ATTENDANCE
You must attend at least 80% ofall the classes.
Every class missed after
midterm exam #2 will result in
10% reduction of the final exam
grade.
9. Class Protocol
Academic dishonesty (copyingassignments, quizzes, exams,
signing for someone else...)
would result into three possible
outcomes:
0% for the task
“F” grade for the course
Disciplinary committee
10.
Calendar PlanAppeals, complaints, suggestions, etc.
Small issues - to the lecturer
Other issues - to the BSc Program
Office - #341/Dostyk;
Tel. 270 44 40 (ext 2099)
E-mail: [email protected]
any requests/questions via e-mail only
Office hours:
Tue - 230 pm - 345 pm
11. Accounting as an Information System
BusinessActivities
Decision
Makers
Data
Information
ACCOUNTING
Measurement
Processing
Communication
12. Business Goals and Activities
BUSINESS GOALSBUSINESS ACTIVITIES
PROFITABILITY
FINANCING
LIQUIDITY
OPERATING
INVESTING
13.
Career Opportunitiesin Accounting
Public
Accounting
Industry
Government or
NPOs
Graduate
Education
Auditor
VP Finance /
Finance Director
Treasurer
Lax / Tax / Attorney
Tax Consultant
Internal Auditor
Tax
Inspector
MBA – Business
Executive
Management
Consultant
Finance
Manager
Budget
Analyst
MPA – Professional
Accountant
Financial
Adviser
Chief
Accountant
Statistician
PhD
College Professor