King Abdulaziz University
Faculty of Economics and administration
Accounting Department
Business Undergraduate Program
Syllabus
Second Semester, 1431-1432 H
Second Semester, 2011
Instructor:
Badr B. Banhmeid
Office Number: 220, 2th floor, Faculty of Economics and Administration
Telephone:
02-6952000, Extension 65543
Office Hours: S.M.W 12-13
.S.T.. 10-13.30
E-mail:
[email protected]
Home page:
http://bbanhmeid.kau.edu.sa
Course title
Principles of Accounting I I
CREDITS
ENGLISH
ARABIC
CODE/NO
CODE/NO
Th.
Pr.
Tr.
TCH
ACCT
213
312 ‫حسب‬
3
-
-
3
ACCT 117
Prerequisites
Sections
Time
Days
FA
11-11.50
S.M.W
HA
13-13.50
S.M.W
JA
13-14.50
S.M.W
Course Description:
This course introduces the accounting system for a large size company where the special journals and
subsidiary ledgers are used. It covers the major characteristics and accounting entries for formation and
profit distribution of partnerships and corporations. Financial statements analysis is also included.
Classifications of manufacturing costs and the flow of costs in a job order costing system and a process
costing system, and break-even analysis are also covered.
Course Objectives:
1. Analyze and record transactions for large-size companies.
2. Analyze, record and report transactions for partnerships and corporations.
3. Analyze and interpret financial statements.
4. Analyzing financial statements.
5. Summarize and apply basic financial and managerial accounting terms, concepts and principles.
6. Analyze the break-even point.
1
Course Outcomes:
By the end of this course, students should be able to:
1. Handle records of large size companies.
2. Analyze financial statements.
3. Determine the unit cost for both job order and process systems.
4. Recognize company's formation (both partnership and corporation), and distribution of their
profits.
Attendance:
Attendance is very important to achieve the best possible understanding of the course material since topics
are closely related. Additionally, students who miss more than 25% of classes will fail the class and receive a
DN grade.
Grading:
 First Exam
 Second Exam
 Final Exam
 Assignments and Participation
April 5th,
May 10th,
To Be Announced,
worth 25 points
worth 25 points
worth 40 points
worth 10 points
Exams:
There are two periodic exams and one final exam that will add up to 90% of the class grades. Makeup exams
will be granted only for students with an approved absence. So, make sure not to miss any of those exams.
Assignments & Participation:
The purpose of those assignments is to increase students understanding of the material. Exercises will be
determined at the end of each chapter period, which has been identified in the distributable time table (see
page 4 & 5). All assignments should be done ON TIME and INDIVIDUALLY and presented one week after the
announcement. NOTE: late assignments will not be accepted.
Academic Dishonesty:
Any student committing an act that violates academic dishonesty and integrity (e.g. Cheating) will be
subject to sanctions as described in King Abdulaziz University’s code of ethics.
Text Book:
Weygand, Kimmel, and Kieso Accounting Principles, Ninth Edition International Student Version (John Wiley
& Sons, Inc., 2010).
Supplementary References:
Larson, Wild, and Chiappetta, Fundamental Accounting Principles, (McGraw-Hill, 17ed, 2005)
2
Chapter
Course Contents
Page
305-323
305307
308-323
CH.7
Accounting Information Systems:
1. SUBSIDIARY LEDGER.
2. SPECIAL JOURNALS
Ch.12
Accounting for Partnership:
1. THE PARTNERSHIP FORM OF ORGANIZATION.
2. THE ACCOUNTING ENTRIES FOR THE FORMATION OF A
PARTNERSHIP.
3. THE BASES FOR DIVIDING NET INCOME OR NET LOSS
4. PARTNERSHIP FINANCIAL STATEMENTS
526-546
528-532
533-534
534-537
537-538
CH.13
Corporations: Organization and Capital Stock Transactions:
1. THE CORPORATE FORM OF ORGANIZATION
2. ACCOUNTING FOR ISSUES OF COMMON STOCK
3. PREFERRED STOCK
4. FINANCIAL STATEMENTS
…………..
570-579
579-582
586-587
587-591
CH.14
Corporations: Dividends, Retained Earnings, and Income Reporting:
1. DIVIDENDS: Cash Dividends, Stock Dividends, Stock Splits.
606-617
608-617
CH.18
Financial Statement Analysis:
1. BASICS OF FINANCIAL STATEMENT ANALYSIS.
2. HORIZONTAL ANALYSIS.
3. VERTICAL ANALYSIS.
4. RATIO ANALYSIS.
790-811
792-793
793-797
797-799
799-811
CH.19
Managerial Accounting:
1. MANAGERIAL COST CONCEPTS: Manufacturing cost, Direct
Materials, Direct Labor, Manufacturing Overhead
849-850
849-850
CH.20
Job Order Costing:
1. COST ACCOUNTING SYSTEMS.
2. JOB ODER COST FLOW.
886-903
888-890
890-903
CH.22
Cost – Volume – Profit (CVP):
1. COST BEHAVIOR ANALYSIS: Variable Costs, Fixed Costs, Mixed
Costs.
2. COST-VOLUME-PROFIT (CVP) ANALYSIS: Basic Components,
CVP Income Statement, Contribution Margin Per Unit, Contribution
Margin Ratio, Break-Even Analysis, Target Net Income, Margin of
Safety.
976-980
983-991
3
Tim Table for Distributing Theoretical Course Contents (S.M.W)
Saturday
12
February
Monday
Wednesday
Saturday
Monday
Wednesday
Saturday
14
16
19
21
23
26
February
February
February
February
February
February
CH.7 Accounting Information Systems
CH.7 Accounting Information Systems
CH.7 Accounting Information Systems
CH.7 Accounting Information Systems
Monday
Wednesday
Saturday
Monday
Wednesday
Saturday
28
2
5
7
9
12
February
March
March
March
March
March
CH.7 Accounting Information Systems
CH.7 Accounting Information Systems
Ch.12Accounting for Partnership
Ch.12Accounting for Partnership
Ch.12Accounting for Partnership
Ch.12Accounting for Partnership
Monday
Wednesday
Saturday
Monday
Wednesday
Saturday
14
16
19
21
23
26
March
March
March
March
March
March
Ch.12Accounting for Partnership
Ch.12Accounting for Partnership
CH.13 Corporations: Organization and Capital Stock Transactions
CH.13 Corporations: Organization and Capital Stock Transactions
CH.13 Corporations: Organization and Capital Stock Transactions
CH.13 Corporations: Organization and Capital Stock Transactions
Week 7
Monday
Wednesday
Saturday
Monday
28
30
2
4
March
March
April
April
CH.13 Corporations: Organization and Capital Stock Transactions
CH.13 Corporations: Organization and Capital Stock Transactions
CH.14 Corporations: Dividends, Retained Earnings, and Income Reporting
CH.14 Corporations: Dividends, Retained Earnings, and Income Reporting
Week 8
Tuesday
5
April
First Exam Worth 25 points Covers CH. 7,12,13
Wednesday
6
April
CH.14 Corporations: Dividends, Retained Earnings, and Income Reporting
Saturday
Monday
Wednesday
Saturday
Monday
9
11
13
16
18
April
April
April
April
April
CH.18 Financial Statement Analysis
CH.18 Financial Statement Analysis
Wednesday
20
April
CH.18 Financial Statement Analysis
Saturday
Monday
23
25
April
April
CH.18 Financial Statement Analysis
CH.18 Financial Statement Analysis
Wednesday
Saturday
Monday
27
30
2
April
April
May
CH.18 Financial Statement Analysis
CH.19 & CH.20 Managerial Accounting & Job Order Costing
CH.20 Job Order Costing
Wednesday
4
May
CH.20 Job Order Costing
Saturday
Monday
7
9
May
May
CH.20 Job Order Costing
CH.20 Job Order Costing
Week 1
Week 2
Week 3
Week 4
Week 5
Week 6
Week 9
Week
10
Week
11
Week
12
Week
13
Tuesday
10
Wednesday
11
May
May
Spring Break
SECOND Exam Worth 25 points Covers CH. 14,18,19
CH.20 Job Order Costing
4
Week
14
Week
15
Week
16
Saturday
14
May
CH.20 Job Order Costing
Monday
16
May
CH.22 Cost – Volume – Profit (CVP)
Wednesday
Saturday
Monday
18
21
23
May
May
May
CH.22 Cost – Volume – Profit (CVP)
CH.22 Cost – Volume – Profit (CVP)
CH.22 Cost – Volume – Profit (CVP)
Wednesday
Saturday
25
28
May
May
CH.22 Cost – Volume – Profit (CVP)
Review
Monday
30
May
Review
Wednesday
1
June
Review
Thursday
2
June
Beginning of final exam period (final exam worth 40)
5