AMERICAN INTERNATIONAL UNIVERSITY-BANGLADESH

Faculty of Business Administration

Department of Accounting
BBA Program

UNIFIED COURSE OUTLINE

I. Course Code and Title : BBA – 1102, Financial Accounting
II. Credit : 3 credit hours

III. Course Description

This course provides the essentials of financial accounting such as: definition of Accounting, users of
accounting information, accounting concepts and principles, accounting equation, measuring and
recording of business transactions, adjusting entries, completing the accounting cycle, classified
financial statements, accounting for merchandising operation, inventories, and accounting for
receivables, plant assets, natural resources & intangible assets. The students are exposed to various
practical exercises for mastery of accounting knowledge and skills.

IV. Course Objectives

The course aims to provide the students with basic understanding of principles & concepts of
accounting as well as accounting practices, financial reporting & analysis which intend to provide a
strong foundation for advance courses in financial accounting with ability to apply these for the
preparation of financial & related information to meet internal needs & external obligations. At the
end of the course, the student will be able to:
1. understand the use and users of accounting information
2. analyze, record and process financial data to produce accounting information
3. prepare financial statements for merchandising concern as well as for service concern
4. understand accounting treatment for inventories, fixed and current assets, natural resources and
intangible assets
5. outline the conceptual framework of accounting with technical skills to work as an accountant.

V. Topics to be Covered
Time Suggested Teaching
Topics Specific objective(s)
frame activities Strategy(s)
Overview of the Mission and Vision of AIUB; Explain 1 Group Power point
university and the what is accounting, identify the users lecture discussions presentation
course and uses of accounting, explain the
Chapter 1 conceptual framework of accounting –
assumption, principles and constraints
in accounting.
Accounting in Basic accounting equation and the 2 Group Power point
action meaning of assets, liabilities, and owners lectures discussions, presentation
Chapter 1 equity, analyzing business transactions problem and problem
and its effects on basic accounting solving, solving using
equation, understanding the four home task white board
financial statements etc.
Page 1 of 4
The recording What is an account, define debits and 2 Group problem
process credits, identify the basic steps in lectures discussions, solving using
Chapter 2 accounting process, journal and its problem white board
recording process, ledger and its solving,
recording process, preparation of trial seatwork,
balance etc. board work

Adjusting the Explain the time period assumption, 2 Group Power point
accounts explain accrual basis of accounting, lectures discussions, presentation
Chapter 3 adjusting entries, adjusting entries for problem and problem
prepayments and accruals, purpose of solving, solving using
adjusted trial balances. assignment white board
Completion of the Preparing a work sheet, processing of 3 Group problem
accounting cycle closing the books, purpose of post- lectures discussions, solving using
Chapter 4 closing trial balance, the required steps problem white board
in accounting cycle, correcting entries, solving,
reversing entries, classified balance seatwork,
sheet. board work

MID TERM EXAMINATION 1 week

Accounting for Difference between a service enterprise 2 Group Power point
merchandising and merchandiser, entries for purchases lectures discussions, presentation
operations under perpetual inventory system and problem and problem
Chapter 5 periodic inventory system, sales revenue solving, solving using
under perpetual inventory system, steps assignment white board
in accounting cycle for a merchandiser,
cost of goods sold under periodic system
etc, preparation of single step and
multiple step income statement.
Inventories Steps in determining inventory 2 Group Power point
Chapter 6 quantities, inventory cost flow methods, lectures discussions, presentation
financial statements and tax effects of problem and problem
inventory cost flow methods, effects of solving solving using
inventories errors on the financial white board
statements, computation of inventory
turnover.
Plant assets, natural What are plant assets, natural resources, 1 Group Power point
resources & intangible assets, concept of lecture discussions, presentation
intangible assets depreciation, computation of periodic problem and problem
Chapter 10 depreciation using different methods, solving, solving using
capital expenditures, periodic depletion assignment, white board
of natural resources, basis issues related board work
to intangible assets etc.
Internal control on Principles of internal control; control on 2 Group Problem
cash cash receipts and disbursements; bank lectures discussions, solving using
Chapter 8 reconciliation statement; use of bank problem white board
reconciliation statement. solving,
assignment,
board work

Accounting for Types of receivables; recognizing, 1 Group Power point

receivables valuing and disposing receivables; lecture discussions, presentation

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 Chapter 9 presentation of receivables in balance problem and problem
sheet. solving solving using
white board
Accounting Basic concepts of accounting information 2 Group Problem
information systems; computerized and manual lectures discussions, solving using
systems accounting systems; subsidiary ledger; problem white board
Chapter 7 special journals – sales journal, cash solving
receipts journal, purchase journal, cash
payment journal and effects of special
journals on the general journal.
FINAL EXAMINATION 1 week

VI. Class Schedule:

Financial Accounting
Sunday and Tuesday class schedule
st
31 Aug Sun Lec 1 Introductory Class & Chapter 1 * The class schedule is a rough
guideline and may be altered by the
2nd Sep Tues Lec 2 Chapter 1 course instructor if necessary.
7th Sep Sun Lec 3 Chapter 2
VII. Course Requirements
9th Sep Tues Lec 4 Chapter 2
Quizzes
14th Sep Sun Lec 5 Chapter 2 Altogether 4 quizzes may be
16th Sep Tues Lec 6 Chapter 3 taken during the semester. The
st
quizzes are generally based on
21 Sep Sun Lec 7 Chapter 3
previous class lectures. No
23rd Sep Tues Lec 8 Chapter 3 make-up quizzes will be taken.
28 th
Sep Sun Lec 9 Chapter 4 Students are strongly
recommended not to miss any
30th Sep Tues Lec 10 Chapter 4
quizzes.
th
7 Oct Tues Lec 11 Chapter 4
12th Oct Sun Lec 12 Review Class Assignment
The topic of the assignment will
14th Oct Tues Lec 13 Review Class
be informed in the class. All the
Midterm Exam Week
assignments will be individual
th
26 Oct Sun Lec 14 Chapter 5 based and must be submitted on
28 th
Oct Tues Lec 15 Chapter 5 or before the due date. No late
nd
submission of assignments will
2 Nov Sun Lec 16 Chapter 6
be accepted.
th
4 Nov Tues Lec 17 Chapter 6
9th
Nov Sun Lec 18 Chapter 10 Class Participation
Class participation is a major
11th Nov Tues Lec 19 Chapter 10
part of this course and students
th
16 Nov Sun Lec 20 Chapter 8 will be evaluated during the
18 th
Nov Tues Lec 21 Chapter 8 semester through class
rd interactions, group problem
23 Nov Sun Lec 22 Chapter 9
th
solving and VIVA sessions.
25 Nov Tues Lec 23 Chapter 9
th
30 Nov Sun Lec 24 Chapter 7 VIII. Evaluation
nd
2 Dec Tues Lec 25 Chapter 7
th
7 Dec Sun Lec 26 Review Class
th
9 Dec Tues Lec 27 Review Class
Final Term Exam Week Page 3 of 4
 Grades will be calculated as per the university grading structure and individual student will be
evaluated based on the following criteria with respective weights.

1. Quizzes 20%
2. Individual Assignments 10%
3. Class Participation 15%
4. Class attendance 5%
5. Term Examination 50%
Total 100%

IX. Textbook/Reference Materials

Required text
Weygandt, J. J., Keiso, D. E., and Kimmel, P. d., Accounting Principles, 10 th Edition (2010), Wiley &
Sons, Inc., USA.

References
1. Edmonds, T. D., Edmonds, C. D., McNair, F. M., Olds, P. R., and Schneider, N. W., Fundamental
Financial Accounting Concepts, Fifth Edition (2006), Irwin, New York.
2. Phillips, F., Libby, R., and Libby, P. A., Fundamentals of Financial Accounting, Eight Edition
(2006); McGraw-Hill, New York.
3. Wild, J. J., Financial Accounting Information for Decisions, Fourth Edition (2008), McGraw-Hill,
New York.
4. Wild, J. J., Larson, K. D., and Chiappetta, B., Fundamental Accounting Principles, Eighteenth
Edition (2007), McGraw-Hill, USA.

Journal articles
1. Saccomanno, R. (2002). Real--time experience: Life in the OR improves with
a perpetual inventory system. Healthcare Purchasing News, Vol. 26 Issue 7, pp. 26 – 27.
2. Stadig, M. (2011). Estimating Depreciation for Property Assessment Purposes. Journal of Property
Tax Assessment & Administration, Vol. 8 Issue 4, pp. 5 – 13.

Web references
1. Federal Accounting Standards Advisory Board: http://www.fasab.gov/
2. International Financial Reporting Standards: http://www.ifrs.org/
3. Principles of Accounting: http://www.principlesofaccounting.com/

Prepared By:
Ms Faieza Chowdhury

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