Topic outline

• Course Introduction
  

  Course Introduction

  
  

  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.
  
  

  
  

  
  

  
  

  • Course Information:

    Course Name: Principles of Accounting, Business and Economics
    Course Code: GE 235
    Credit: 3
    Program: B.Sc in Software Engineering
    

    Instructor's Profile:

    Name: Shahana Kabir
    Designation: Assistant Professor
    Mobile & WhatsApp: 01632814195
    Email: shahanasumi35@daffodilvarsity.edu.bd 

    Course Objectives:
    

    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

    
    

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  • Course Outline File

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  • Assessment Strategy File

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  • 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

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  • 
    

    Class Schedule (Section: C)

    Day	Time
    Monday	2.30 -4.00 pm
    Wednesday	11:30 am - 1:00 pm

    
    
    

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  • 

    
    

    
    

    
    

    For Appointment: Click Here
    

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  • General Announcements Forum
  • Expectations from this Course Forum

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• Attendance
  

  Attendance

  
  
• Lecture 1-6: Accounting in Action
  

  Lecture 1-6: Accounting in Action

  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

  
  

  • Slides on Accounting in Action File

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  • Practice Material File

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  • Accounting in Action Interactive Content

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  • FORUM: Reflection of this topic (Lecture 1 - 7)

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  • Assignment on Tabular analysis and Financial Statements

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    Submit within June 19, 2021

  • Class Lecture 20.9.21 URL

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    https://drive.google.com/file/d/1mfGs4PG8mcD3mOXfBKIPb3Vhxs2vpd8P/view?usp=sharing
    

  • Class Lecture 23.9.21 URL

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    https://drive.google.com/file/d/1zZxK-rg7r0YZIUCVvEH-bTUgfqDcIz-Q/view?usp=sharing
    

  • Class Lecture 27.9.21 URL

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    https://drive.google.com/file/d/1B-cZPyfvOENE4EUmQEjUHYtZ5cvQkaYD/view?usp=sharing
    

  • Class Lecture 29.9.21 URL

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    https://drive.google.com/file/d/1Cu5Wfqxfmwy0t6vVhjbxwRfL-8kDKC6V/view?usp=sharing
    

  • Class Lecture 4.10.21 URL

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    https://drive.google.com/file/d/1VJZxaCSE2ty6My5emkAoimi3fgybvH2K/view?usp=sharing
    

  • Class Lecture 6.10.21 URL

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    https://drive.google.com/file/d/16D9Z1MepxykqEgsF7HvHGLxHEaCLHhk6/view?usp=sharing
    

  • Class Lecture 11.10.21 URL

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    https://drive.google.com/file/d/16WU4tVUk_J3IKnNHU9ONRZC1InAs6M6o/view?usp=sharing
    

  • Class Lecture 12.10.21 URL

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    https://drive.google.com/file/d/1IdcdTDEoTd-6JqaYOIixm9zp8HdcB9A2/view?usp=sharing
    

• Quiz 1
  

  Quiz 1

  • Quiz 1

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    • Attempt on 19th June at 12:00pm

  • 1st Quiz Fall 21

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• Lecture 8-11: The Recording Process
  

  Lecture 8-11: The Recording Process

  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

  • Slides of The Recording Process File

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  • Recording process Interactive Content

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  • FORUM: Reflection of this chapter

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  • Class Lecture 25.10.21 URL

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    https://drive.google.com/file/d/1M_5tFGwnIaYgmSVYNpCgAIz1BooJiALd/view?usp=sharing
    

  • Class Lecture 28.10.21 URL

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    https://drive.google.com/file/d/1BxqyoQhZFSPtn0d1KgIMbD7pMqG1LdO3/view?usp=sharing
    

  • Class Lecture 4.11.21 URL

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    https://drive.google.com/file/d/1DzxCub0ku1W14q_DcwsqThq0vnaKjI3G/view?usp=sharing
    

  • Class Lecture 4.11.21 URL

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    https://drive.google.com/file/d/1YWxe_XY6sAyTE-HcYioBwvnncHSyQY9g/view?usp=sharing
    

  • Class material File

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  • Class Lecture 7.11.21 URL

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    https://drive.google.com/file/d/1ZflD1eWaunACfqUWStyop6Cjb6WWUz8O/view?usp=sharing
    

  • Assignment

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    Assignment
    Mathematical problem from Recording process  chapter(Set B)
    
• Quiz 2
  

  Quiz 2

  Announcement:

  • Your 2nd quiz will be held on 1st week of July, 2021
  • Quiz will be on Recording Process

  
  

  • 3rd Quiz Fall 21

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• Instructions for Midterm Examination
  

  Instructions for Midterm Examination

  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

  • Midterm Examination submission guideline URL

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• Lecture 12 - 16: Adjusting the Accounts
  

  Lecture 12 - 16: Adjusting the Accounts

  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

  • Practice Material File

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  • Adjusting the accounts Interactive Content

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  • FORUM: Reflection off this chapter

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  • Class Lecture 28.11.21 URL

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    https://drive.google.com/file/d/1XJQaJwg-w7RZXRi3_Ri4kj7UfAwLHZwW/view?usp=sharing
    

  • Class Lecture 2.12.21 URL

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    https://drive.google.com/file/d/1R-yNPiBwpgbu0TUvMDdlHJW9v7HRTP1I/view?usp=sharing
    

  • Class Lecture 9.12.21 URL

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    https://drive.google.com/file/d/12uAdziFXjT3jWGLnQ1O5BjlPFgJusQ4g/view?usp=sharing
    

• Assignment
  

  Assignment

  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

  • Assignment of Adjusting the accounts and Financial statements

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    • Submit within August 7, 2021

• Lecture 16-17: Foundation of Business
  

  Lecture 16-17: Foundation of Business

  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

  • Slides on Foundation of Business File

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  • Pre-Class Videos Page

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                       PART-1 CLICK HERE                                                                        PART-2 CLICK HERE
    
  • Foundation of Business Interactive Content

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  • Class Lecture 12.12.21(Discussion of Syllabus) URL

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    https://drive.google.com/file/d/1thgVN5dCcLVpJUIm7T8D2g0EDAe_rsWN/view?usp=sharing
    

  • Class Lecture on Foundation of Business URL

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    https://drive.google.com/file/d/122b__bm4ZX_4AGW6M7QvdV77k2OkBiG5/view?usp=sharing
    

• Quiz 3
  

  Quiz 3

  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

                                  Recorded video of 
  

  
  
• Lecture 19: Introduction to Economics
  

  Lecture 19: Introduction to Economics

  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

  • Slides of Introduction to Economics File

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  • Videos of Introduction to Economics Page

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                        PART-1 CLICK HERE                                                                      PART-2 CLICK HERE
    
  • Lecture Material File

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  • FORUM: Reflection of this topic

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  • Class Lecture on Business & Economics URL

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    https://drive.google.com/file/d/122b__bm4ZX_4AGW6M7QvdV77k2OkBiG5/view?usp=sharing
    

• Lecture 20-21: Supply & Demand
  

  Lecture 20-21: Supply & Demand

  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

  
  

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• Live Presentation
  

  Live Presentation

  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.

  
  
• Instruction for Final Examination
  

  Instruction for Final Examination

  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.

  
  

  • Template for Exam Script File

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