course syllabus - university of jordanbusiness.ju.edu.jo/lists/courses/attachments/325/1602201...

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QF-AQAC-03.02BS.1.2 Course Syllabus 1 Course Syllabus 1. Department Name: Accounting 2. Program Name: Bachelor in Accounting 3. Program Code 4. Course Code and Title: 1602201 Intermediate accounting (1) 5. Course credits: 3 6. Pre-requisites: 1602102 Accounting Principles 2 7. Course Instructor/ Coordinator Name and Email Prof. Mamoun Al-debi'e, and Dr. Ahmad L. Ahmad [email protected] , [email protected] 8. Course web-page: http://business.ju.edu.jo/Departments/DeptCourses.aspx?DeptName=A ccounting 9. Academic year: 2019/2020 10. Semester: First Second 1 st Summer 2 nd Summer 11. Textbook(s) - Weygandt, J. J., Kimmel P. D., and Kieso, D. E., Financial Accounting, IFRS 3 rd edition, John Wiley & Sons, Inc., 2016. 12. References: 13. Weygandt, J. J., Kimmel P. D., and Kieso, D. E., Financial Accounting, IFRS 3 rd edition, John Wiley & Sons, Inc., 2016. 14. Other resources used 15. Course description This course is the first of two intermediate financial accounting courses which provide a comprehensive study of financial accounting theory and financial accounting reporting. The course will concentrate on the foundations of financial accounting and include an in-depth study of accounting principles. Emphasis will be on a deeper understanding of financial statements, inventories and receivables. 16. Course Intended Learning Outcomes: (All CILOs must start with an action verb, please use ANNEX I for getting a better understanding of the Action Verbs and Blooms Taxonomy. The mapping of the CILOs with relevance to the PILOs of the program.) Mapping to PILOs CILOs (Preferred not to exceed 12 CILOs) a b c d E f g H 1 Identify the accounting conceptual framework, and its effects on accounting x x

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Page 1: Course Syllabus - University of Jordanbusiness.ju.edu.jo/Lists/Courses/Attachments/325/1602201 Intermed… · Course Syllabus QF-AQAC-03.02BS.1.2 1 Course Syllabus 1. Department Name:

QF-AQAC-03.02BS.1.2 Course Syllabus

1

Course Syllabus

1. Department Name: Accounting

2. Program Name: Bachelor in Accounting

3. Program Code

4. Course Code and Title: 1602201 Intermediate accounting (1) 5. Course credits: 3

6. Pre-requisites: 1602102 Accounting Principles 2

7. Course Instructor/ Coordinator Name and Email

Prof. Mamoun Al-debi'e, and Dr. Ahmad L. Ahmad

[email protected] , [email protected]

8. Course web-page: http://business.ju.edu.jo/Departments/DeptCourses.aspx?DeptName=Accounting

9. Academic year: 2019/2020

10. Semester: √ First Second 1st Summer 2nd Summer

11. Textbook(s) - Weygandt, J. J., Kimmel P. D., and Kieso, D. E., Financial Accounting, IFRS 3rd edition,

John Wiley & Sons, Inc., 2016.

12. References: 13. Weygandt, J. J., Kimmel P. D., and Kieso, D. E., Financial Accounting, IFRS 3rd edition, John

Wiley & Sons, Inc., 2016.

14. Other resources used

15. Course description This course is the first of two intermediate financial accounting courses which provide a comprehensive study of financial accounting theory and financial accounting reporting. The course will concentrate on the foundations of financial accounting and include an in-depth study of accounting principles. Emphasis will be on a deeper understanding of financial statements, inventories and receivables.

16. Course Intended Learning Outcomes: (All CILOs must start with an action verb, please use ANNEX I for getting a

better understanding of the Action Verbs and Blooms Taxonomy. The mapping of the CILOs with relevance to the PILOs of the program.)

Mapping to PILOs

CILOs (Preferred not to exceed 12 CILOs)

a b c d E f g H

1 Identify the accounting conceptual framework, and its effects on accounting

x x

Page 2: Course Syllabus - University of Jordanbusiness.ju.edu.jo/Lists/Courses/Attachments/325/1602201 Intermed… · Course Syllabus QF-AQAC-03.02BS.1.2 1 Course Syllabus 1. Department Name:

QF-AQAC-03.02BS.1.2 Course Syllabus

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principles and standards. ( Comprehension )

2 Differentiate the cash basis of accounting from the accrual basis of accounting. Identify adjusting entries that may be reversed.

(Comprehension)

x x

3 Prepare an income statement. And understand its uses and limitations.

(Comprehension)

X x

4 Understand the reporting of accounting

changes and errors.

x

5 Prepare the changes in equity statements. (Analysis)

x x

6 Prepare financial position statement, and understand its uses and limitations.

(Comprehension)

x x

7 Prepare a basic statement of cash flows, and describe the major disclosure techniques for financial statements.

(Application)

X

8 Define receivables and identify the different types of receivables. (Comprehension)

x

9 Explain accounting issues related to recognition, valuation and disposal of accounts and notes receivable. (Comprehension)

x

10 Distinguish between perpetual and periodic inventory systems. (Comprehension)

x

11 Describe the FIFO and Weighted Average cost flow assumption. (Comprehension)

x

12 Describe and apply the lower-of-cost-or-NRV rule for inventories (Comprehension)

x

17. Course evaluation: (Formative and summative assessment methods are expected)

Assessment Type

Details/ Explanation of Assessment in relation to CILOs

Number Weight Date(s)

Midterm Part 1,2,3,4,5 30 % Week 8

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QF-AQAC-03.02BS.1.2 Course Syllabus

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18. Description of Topics Covered (The description should be from the textbook used)

Topic Title

Description

INTRODUCTION: Conceptual Framework for

Financial Reporting

Kieso, D. E., Weygandt, J. J., and Warfield T. D., Intermediate Accounting, IFRS second edition, John Wiley & Sons, Inc., 20.

The Accounting

Information System

Kieso, D. E., Weygandt, J. J., and Warfield T. D., Intermediate Accounting, IFRS second edition, John Wiley & Sons, Inc., 20.

Income Statement and

Related Information

Kieso, D. E., Weygandt, J. J., and Warfield T. D., Intermediate Accounting, IFRS second edition, John Wiley & Sons, Inc., 20.

the Financial position and

Cash flow statement

Kieso, D. E., Weygandt, J. J., and Warfield T. D., Intermediate

Accounting, IFRS second edition, John Wiley & Sons, Inc., 20.

Cash and Receivables Kieso, D. E., Weygandt, J. J., and Warfield T. D., Intermediate

Accounting, IFRS second edition, John Wiley & Sons, Inc., 20.

Valuation of Inventories: A

Cost-Basis Approach

Kieso, D. E., Weygandt, J. J., and Warfield T. D., Intermediate

Accounting, IFRS second edition, John Wiley & Sons, Inc., 20.

Inventories: Additional

Valuation Issues

Kieso, D. E., Weygandt, J. J., and Warfield T. D., Intermediate Accounting, IFRS second edition, John Wiley & Sons, Inc., 20.

19. Course Weekly Breakdown:

Week Date Topics covered CILOs Teaching Method Assessment

1&2 Conceptual

Framework for

Financial Reporting

1 Lectures class discussions

Exams and class participation

3&4 The Accounting

Information System

1 Lectures class discussions

Exams and class participation

5&6 Income Statement and

Related Information

2 Lectures Exercises

Exams and class participation

Quizzes and Participation

All 1-7 20 %

Final Cover all the topics above and Statement of Cash Flows

1-7 50 % Week 16

Total 100%

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QF-AQAC-03.02BS.1.2 Course Syllabus

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7&8 the Financial position

and Cash flow

statement

2 Lectures class discussions

Exams and class participation

9 Midterm Exam Midterm Exam

10 Time Value of Money Lectures class discussions

Exams and class participation

11 Cash and Receivables 3 Lectures class discussions

Exams and class participation

12 Quiz Exam Second Exam

13& 14

Valuation of

Inventories: A Cost-

Basis Approach

3 Lectures class discussions

Exams and class participation

15 Inventories:

Additional Valuation

Issues

4 Lectures class discussions

Exams and class participation

15 Review All

16 Final Exam All

20. Others:

Description

Attendance policies:

Attendance University policy is that students are to attend all

classes and to arrive on time. Verified emergencies may

require an absence or delay, but habitual tardiness or absence

affects your learning and disrupts the class. Your presence is

important since student contributions are a significant part of

classroom activity and absence deprives others of your

contributions. Students are not allowed to miss more than

15% of the classes during the semester. Failing to meet this

requirement will be dealt with according to the university

disciplinary rules.

Absences from exams and handing in assignments on time:

Exams. Any absence from an exam that is not excused, will

result in a grade of ZERO. For an absence to be excused, the

student must provide an appropriate documentation and give

advance notification.

Assignments’ University policy is, that assignments are due

on the date assigned. Instructors may refuse to accept late

assignments or lower the grade that would be otherwise

given.

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QF-AQAC-03.02BS.1.2 Course Syllabus

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Health and safety procedures:

Honesty policy regarding cheating, plagiarism, misbehavior:

The Honor Code is an integral part of university life.

Students are responsible, therefore, for understanding the

code’s provisions. Cheating and attempted cheating,

plagiarism, lying, and stealing of academic work and related

materials constitute Honor Code violations. In the spirit of

the code, a student’s word is a declaration of good faith

acceptable as truth in all academic matters. To maintain an

academic community according to these standards, students

and faculty must report all alleged violations to the Honor

Committee.

Plagiarism is a serious academic offense. Plagiarism is the

use of someone else’s ideas, words, projects, artwork,

phrasing, sentence structure or other work without properly

acknowledging the ownership (source) of the property

(item). Plagiarism is dishonest because it misrepresents the

work of someone else as one’s own.

Any violations of the University’s academic rules,

regulations or directives are reported to the head of the

department and may result in one of the university

disciplinary measures.

Course Coordinator: Prof. Mamoun Al-debi'e

Head of Department: Dr. Hamzeh Al-Muoali

Head of curriculum committee/ School Level:

Dean: Prof. Fayez Haddad

Approved by the Program Coordinator/ Head of the Department on:

Copy to:

Head of Department

Assistant dean for Development and Quality Assurance

Course Portfolio