Section outline
-
Hello Students, this is Shahana Kabir, your course teacher for this semester. Welcome to the class of Principles of Accounting, Business & Economics. I look forward to have an enjoyable semester where we learn, solve problems and grow together.
-
Students mustMark as done
Course Information:
Course Name: Principles of Accounting, Business and Economics
Course Code: GE 235
Credit: 3
Program: B.Sc in Software EngineeringInstructor's Profile:
Name: Shahana Kabir
Course Objectives:
Designation: Assistant Professor
Mobile & WhatsApp: 01632814195
Email: shahanasumi35@daffodilvarsity.edu.bd
This course is an introductory course containing the basic concepts and application of financial accounting systems. It also includes the basic concepts of Business and different forms of Business. Moreover, fundamental concepts of economics and theory of demand & supply are also included in this course.
Course Outcomes:
At the end of the course student will be able to:
- Explain the role and principles of financial accounting and reporting;
- Record, handle and summarize accounting data;
- Prepare adjustments of accounts;
- Prepare financial statements
- Understand the basic concept of business
- Explain the role of economics
- Understand the theory of supply and demand
Course Contents:
- Accounting basics and activities of accounting
- Users of accounting
- Principles and assumptions
- Effects of Accounting Equation
- Journal, Ledger, Trial Balance
- Adjustments the accounts
- Adjusted Trial Balance
- Financial Statements for service companies
- Historical concepts of Business
- Forms of Business
- Economics
- Supply and Demand
-
-
Students mustMark as done
-
Students mustMark as done
Text and Reference Books:
- Accounting Principles (Latest Edition)- J.J.Weygandt, D.E.Kieso and Paul D. Kimmel
- Accounting Principles (9th edition)
- https://drive.google.com/file/d/1i3b_Cc8kXlTBjteaM2SmOnJh0fr4meYF/view?usp=sharing
- Principles of Accounting – Needles, Powers and Crosson.
- Introduction to Business- Kelly/Williams
- Microeconomics 10th Edition, MICHAEL PARKIN
-
Students mustMark as done
Class Schedule (Section: C) Day Time Monday 2.30 -4.00 pm Wednesday 11:30 am - 1:00 pm -
Students mustMark as done
-
Students mustViewMake forum posts: 1
- What is your expectations from this course?
-
-
Lecture Objectives:
To teach the students about the basic concepts of accounting, along with the activities, users, principles, effects of accounting equation, financial statements and how they can use the knowledge in their academic and professional career.
Lecture Outcomes:
At the end of the session student will be:
- Able to identify the activities and users associated with accounting.
- Able to explain the building blocks of accounting: ethics, principles, and assumptions.
- Able to state the accounting equation, and define its components.
- Able to analyze the effects of business transactions on the accounting equation.
- Able to describe the four financial statements and how they are prepared.
Lecture contents:
- Definition of Accounting
- Three activities
- Who uses accounting data
- Ethics
- GAAP
- Measurement principles
- Assumptions
- Assets
- Liabilities
- Owner’s equity
- Accounting transactions
- Transaction analysis
- Summary of transactions
- Income statement
- Owner’s equity statement
- Balance sheet
-
-
-
-
Students mustViewMake forum posts: 1
-
Students mustViewMake a submission
Submit within June 19, 2021
-
Students mustMark as done
-
Students mustMark as done
-
Students mustMark as done
-
Students mustMark as done
-
Students mustMark as done
-
Students mustMark as done
-
Students mustMark as done
-
Students mustMark as done
-
-
-
Students mustMark as done
-
-
Lecture Objectives:
To teach the students about the basic concepts of accounts, debit credit procedure, and different steps in the recording process including journal, ledger and trial balance and how they can use the knowledge practically.
Lecture Outcomes:
At the end of the session student will be:
- Able to describe how accounts, debits, and credits are used to record business transactions.
- Able to indicate how a journal is used in the recording process.
- Able to explain how a ledger and posting help in the recording process.
- Able to prepare a trial balance
Lecture contents:
- Account
- Debit and Credit
- Steps in recording process
- Journal
- Ledger
- Trial Balance
-
-
-
-
Students mustViewMake forum posts: 1
- What you have learned from this chapter?
-
Students mustMark as done
-
Students mustMark as done
-
Students mustMark as done
-
Students mustMark as done
-
Students mustMark as done
-
Students mustMark as done
-
Students mustMark as doneAssignment
Mathematical problem from Recording process chapter(Set B)
-
-
Students mustMark as done
-
-
Midterm Syllabus
- Accounting in Action
- The recording process
- Adjusting the Accounts (Up to last class)
Midterm Marks Distribution:
- Exam question will made up of 3 set of questions
- Each set of questions might include short questions and/or mathematical problems
-
Students mustMark as done
-
Lecture Objectives:
To teach the students about the concepts of timing issues of accounting periods, accrual vs cash basis accounting, reasons for adjustments, adjustments for deferrals & accruals and how they can use the knowledge practically.
Lecture Outcomes:
At the end of the session student will:
- Able to explain the accrual basis of accounting and the reasons for adjusting entries.
- Able to prepare adjusting entries for deferrals and accruals
- Able to describe the nature and purpose of an adjusted trial
Lecture contents:
- Timing Issues Selecting an Accounting time Period
- Fiscal and Calendar Year
- Accrual Vs. Cash basis of accounting
- Recognition of Revenues and expenses
- Adjusting Entries for deferrals
- Adjusting entries for Accruals
- Preparing the adjusted trial balance
- Prepare Financial Statements
-
-
-
Students mustViewMake forum posts: 1
- What you have learned from this topic?
-
Students mustMark as done
-
Students mustMark as done
-
Students mustMark as done
-
Instructions:
- Your Assignment topic will be given in the class or online
- Your assignment submission deadline will be announced soon.
- Complete your assignment on time and submit it in the following "Assignment on completing the Accounting Cycle" page
-
Students mustViewMake a submission
- Submit within August 7, 2021
-
Lecture Objectives:
To teach the students the necessity of studying business, definitions of basic elements of business, Functions of core people of the business & forms of businesses and how this knowledge will help them in academic and professional career.
Lecture Outcomes:
At the end of the session student will be able to:
- Explain the necessity of the Business
- Describe different parties involved in business operation
- Understand the different objectives of doing business and types of natural resources for business
- Understand the factors should be considered for selecting appropriate type of business ownership.
- Explain the advantages and disadvantages of sole proprietorship business
- Understand the importance and types of Partnership business, Features of written partnership contract or deed
- Explain the advantages and disadvantages of Partnership Business
- Understand the concept of Corporation and classification of Corporation business
- Evaluate the advantages and disadvantages of Corporation Business
Lecture contents:
- Importance and basic concepts of Business
- Parties involved in business operation
- Objectives of doing business
- Types of natural resources for business
- Factors of doing business
- Sole Proprietorship
- Partnership
- Corporation
-
-
-
-
Students mustViewMake forum posts: 1
- What was you learning from this topic
-
Announcement:
- Your 3rd quiz will be held on 1st week of August, 2021
- Quiz will be on Adjustments the accounts and completing the accounting cycle
-
Lecture Objectives:
To teach the students about the fundamental concepts of economics and how this knowledge help them in future.
Lecture Outcomes:
At the end of the session student will be able to:
- Understand the basic concepts of economics
- Explain the branches of economics
- Understand the concept of Positive and normative economics
- Describes the problems of economic organisations
- Understand factors of production.
- Evaluate the production possibility frontier
Lecture Contents:
- Economics
- Scarcity and Efficiency
- Branches
- Positive and normative
- Three problems of economic organisation
- Market, Command and Mixed economics
- Factors of Production
- Production possibility frontier
- Opportunity Costs
-
-
Students mustMark as done
-
-
-
Lecture Objectives:
To teach the students about the fundamental concepts of supply and demand in the context of economy and how this knowledge can be used practically.
Lecture Outcomes:
At the end of the session student will be able to:
- Understand the basic concepts of supply and demand
- Explain the factors affecting supply and demand
- Analyze the techniques of supply and demand
Lecture Contents:
- Demand
- Law of demand
- Demand schedule and demand curve
- Factors affecting Demand curve
- Supply
- Law of Supply
- Supply curve
- Supply Determinants
- Market Equilibrium
-
-
Students mustView
-
Students mustViewMake forum posts: 1
- What you have learned from this chapter?
-
Announcement:
- The exact date of the presentation will be announced as soon as possible in the class or in the online class.
- Make a group of six people and I will assign you the presentation topics.
- The exact date of the presentation will be announced as soon as possible in the class or in the online class.
-
Final Examination Syllabus:
- Adjusting the Accounts
- Financial statements
- Foundation of Business
- Introduction to Economics
- Supply and Demand
Final Examination Marks distribution:
- Questions will include short questions and/or mathematical problems
- There will be no options in the question. you have answer all the questions.
-
Students mustMark as done
- Adjusting the Accounts
