Topic outline

• Welcome to my Course Financial and Managerial Accounting
  

  Welcome to my Course Financial and Managerial Accounting

  Hello Students, this is Shahana Kabir, your course teacher for this semester. Welcome to the class of Accounting. I look forward to have an enjoyable semester where we learn, solve problems and grow together.
  
  

  
  

  
  

  Introduction of  the Teacher and  course by Course Teacher

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  • Rationale  of the course:

    This introductory course will provide the students with basic understanding of the principles and concepts of accounting as well as their applicability and relevance in the practical context and with the ability to apply these principles and concepts in the preparation of financial and related information to meet internal and external obligations.

    
    

  • Objectives of the course:

    Ø  Understand the role and principles of financial accounting and reporting

    Ø  Record, handle and summarize accounting data

     Ø  Prepare financial statements for service and real estate construction companies

     Ø  Have thorough grounding and the technical skills of accounting necessary to work as an accountant more efficiently and effectively.

    Expected outcome of the course:

    After completing this course we are expected to have the following skills and knowledge in us:

    (a)    Understanding the business transactions and their effect in the accounting equation.

    (b)   Differentiating between economic and non-economic activities of business organization

    (c)    Recording the transactions in the accounting system by using different accounting tools like journal, ledger, trial balance etc

    (d)   Making the adjustments at the end of accounting time periods

    (e)    Preparing financial statements

    (f)     Completing the accounting process

    (g)   Making financial decision of business

    
    

  • Text Book File
  • Reference Book File
  • Course outline File
  • Assessment Strategy File
  • Semester Schedule:
    

    
    

  • Announcements Forum
• Announcement
  

  Announcement

  
  

  
  

  • Group Work ( CASE Solution) Assignment

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    Submit this group work within tomorrow at 12 pm  where each group will made of 10 people

  • Group Work Assignment

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    Solve the attached problem as a Group consisting 10 members as a Group and submit within 26th August
    

• Meet Link
  

  Meet Link

  
  

  
  
• Lecture and communication tool
  

  Lecture and communication tool

  
  

  

  

  

  
  
• Counselling Hour
  

  Counselling Hour

     

  
  

      Sunday 10.00-1.00
  
• How students will learn
  

  How students will learn

  
  

  Students can learn by attending class with the course teacher.On the other hand various lecture materials like text book ,reference book ,power point slides ,video made by course teacher and also from youtube can be used for learning tool.
  
• Topic 1
  

  Topic 1

  
  

  Video on Basic concepts of Accounting

  
  

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     Introduction /Accounting in action
    

    Learning objectives of this chapter:
    
    

    (a) Fundamental concepts of accounting including, definition  of  Accounting;  Users  of  Accounting,  Brief history of accounting, Book Keeping and accounting, The Accounting  profession,  Ethics,  fundamental  business concepts.

    (b) Understanding and analysing the business transactions

    (c) Preparing financial statements (Income statement, Owner's equity statement and balance sheet

    Outcome of this chapter include the following:

    (1) Being able to distinguish between economic and non-economic activities of business organization

    (2) Understand and explain the effect of transactions on the accounting equation

    (3) Measuring performance of the business organization

    (4) Being able to identify any changes in the owner's capital invested in the business.

    Learning materials and methods are:

    (i) Live class

    (ii) Recorded video and audio

    (iii) PowerPoint

    (iv) Materials from text book.

    
    

  • Slides on elements of Financial statements File
  • Power point slide on chapter 1 :Accounting in action File
  • Video on Introduction to Accounting URL

    
    

  • Video on Accounting Equation URL

    
    

  • Video on Basic concepts of Accounting and Transaction Analysis URL

    
    

  • Discussion tiopic Forum

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    What you have learned from video of Chapter 1?

  • 2.6.20 Chapter 1 : Introductory chapter/Accounting in action URL

    https://drive.google.com/file/d/1DL6YcOzoTSXujb5Es812oHFBtxFx_Ua2/view?usp=sharing
    

  • 9.6.20 Transaction Analysis URL

    https://drive.google.com/file/d/1IUNpM0Fr_1e59hbXslM0NYO-duZ1-e4E/view?usp=sharing
    

  • 8.6.20 Accounting in action URL

    https://drive.google.com/file/d/1fkdHWgBvUWl2lreySXj_1hCBBBeRdDmP/view?usp=sharing
    

  • 15.6.20 Transaction analysis URL

    https://drive.google.com/file/d/1vZUh7FfRr_miqSKIh50ihTkbfjXz9XK2/view?usp=sharing
    

  • Class Lecture 16.6.20 URL

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    https://drive.google.com/file/d/1I-Q8JbjkArWm2lc_yqdynveXdHC0bIUb/view?usp=sharing
    

  • Class Lecture 22.6.20 URL

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  • Class Lecture 23.6.20 URL

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    https://drive.google.com/file/d/1OilUp4ORLpv8iXALnk3cTsm4Mq7x2XyG/view?usp=sharing
    

  • What you have learned from this topic? Forum

    
    

    
    

  • What are the questions you have arised from this topic? Forum
  • Chapter 1 : Discussion topic Forum

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    How we can behave in ethical way?

  • Solution of Mathematical Problem Set A : Problem no 2 File
  • Solution on mathematical problem 3,4,5 File

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  • Solution on mathematical problem File

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• Assignment
  

  Assignment

  
  

  Assignment from chapter 1 (Principles of Accounting Weygandt,Kieso & Kimmel)
  

  Problem set B: 1,2,3,4,5

  
  
• Quiz 1
  

  Quiz 1

  
  

  Click here to start
  

  Date of exam 28.5.2020

  Syllabus of the Quiz

  1.Introductory chapter/Accounting in action

  2. Mathematical problem relating to transaction analysis

  
  

  • Quiz 1 Fall 2022

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• Topic 2
  

  Topic 2

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    Conceptual framework of Accounting

    The learning objectives of this chapter are:

    (a) Understanding the basic rules and regulations which are called accounting guidelines

    (b) Learning the process of developing accounting guidelines

    (c) To know the necessity and practices of those accounting guidelines

    Expected outcomes of this chapter:

    (i) Being able to explain the concept and necessity of accounting guideline

    (ii) Being able to discuss the accounting guidelines like accounting principles and assumptions

    (iii) Understand the process of constructing accounting guidelines

    Teaching materials and methods:

    (1) Real time class iteration

    (2) Video clips

    (3) PowerPoint

    
    

  • Power point slides on Conceptual framework of Accounting File
  • Power point slide on Conceptual framework File
  • Video on Conceptual framework URL

    
    

  • Discussion Topic Forum

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    What you have learned from video of Chapter 2?
    

  • Class Lecture 23.6.20 URL

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    https://drive.google.com/file/d/1OilUp4ORLpv8iXALnk3cTsm4Mq7x2XyG/view?usp=sharing
    

  • Class lecture : Conceptual framework for midterm URL

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    https://drive.google.com/file/d/1fcR_8ucLi4ZCUSx4OoMb_8e7gStzxxef/view?usp=sharing
    

  • What you have learned from this topic? Forum

    
    

    
    

  • What are the questions you have arised from this topic? Forum
  • Discussion Topic Forum

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    How GAAP provide guidelines in preparation of Financial Statements? Explain with example.
    

  • Accounting Interactive Content

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  • Accounting Interactive Content

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  • Try here for MENTI URL

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    Go to www.menti.com and use the code 311904

• Topic 3
  

  Topic 3

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    The Recording process

    The objectives of this chapter are as under:

    (a) To learn the recording tools and concepts used in accounting

    (b) Understanding the T - account, debit and credit concepts and the modern debit credit identification process

    (c) Learning the process of recording the business transactions in the accounting system

    (d) Learning the techniques of preparing journal, ledger and trial balance

    (e) Purpose and limitation of a trial balance

     Outcome of this chapter:

    (i) Misconception about debit credit will be resolved

    (ii) Will be able to identify the debit and credit items easily

    (iii) Will be able to record the transactions, prepare ledger and trial balance

    (iv) Will be capable to explain the merits and shortcomings of a rial balance

    Teaching and learning materials to be used:  
    

    (1) PowerPoint and Short Video

    (2) Text Book and guide materials

    (3) Live class

    
    

  • Power point slide on Recording process File
  • Video on Recording process URL

    
    

  • Video on Recording process URL

    
    

  • Discussion Topic Forum

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    What you have learned from video of Chapter 1?
    

  • Class Lecture 2.7.20 URL

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  • Class Lecture 2.7.20 URL

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  • 4.7.20 Class of Journal,Ledger & Trial balance URL

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  • Class materials on journal, ledger & Trial balance File

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  • What you have learned from this topic? Forum

    
    

    
    

    
    

  • What questions you have arised from this topic? Forum
  • Discussion Topic Forum

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    Why it is said that same amount in Debit and Credit side  in Trial balance does n't  ensure the mathematical accuracy  of  financial transactions?

  • Solution on math File

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• Assignment
  

  Assignment

  
  

  
  

  
  

  • Assignment

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    Assignment from chapter 2 (Principles of Accounting Weygandt,Kieso & Kimmel)
    

    Problem set B: 1,2,3,5

    
    

• Quiz 2
  

  Quiz 2

  
  

  Click here to start

  Date of exam 26.6.2020

  Syllabus of the Quiz

  1.Conceptual framework of Accounting

  2.Journal ,ledger and trial balance

  
  
  
• Topic 4
  

  Topic 4

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    Adjusting the accounts

    Learning objectives of this chapter:

    (a) To understand the practical concepts of adjusting entry

    (b) To know the reality about the origination of adjusting entries

    (c)  To learn the techniques of making adjusting in time

    (d) To know the process of recording the adjusting entries

     Chapter Outcome:

    (1) We will be able to relate the accounting adjustment with our real life adjustment

    (2) We will be able to explain different types of adjusting entries needed in accounting

    (3) We will be able to record the adjusting entries each time the financial statements are prepared

     

    Teaching Materials:

    (i) PowerPoint and Live class

    (ii) Video and Audio clips

    (iii) Practice from text book

    
    

  • Power point slides on Adjusting the accounts File
  • Video on Adjusting the accounts URL

    
    

  • Video on Types of Adjusting entries URL

    
    

  • Class Lecture 20.7.20 URL

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    https://drive.google.com/file/d/1e5gsNYg9RlJUk8QjHOjVhqQ548zL76cC/view?usp=sharing
    

  • Class Lecture 21.7.20 URL

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    https://drive.google.com/file/d/1Zs1ngHVl40ITdDY5O4DjreF5T775LObL/view?usp=sharing
    

  • Class Lecture 27.7.20 URL

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  • Class Lecture 28.7.20 URL

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  • Class Lecture 10.8.20 URL

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  • Class Lecture 11.8.20 URL

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  • Class Lecture 11.8.20 URL

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  • What you have learned from this topic? Forum

    
    

  • What are the questions you have arised from this topic? Forum
  • Discussion topic Forum

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    Financial statements are prepared using which basis of Accounting and why? Explain.

  • Class materials Problem set A & B File

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  • Try here for menti URL

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• Assignment
  

  Assignment

  
  

  
  

  • Assignment

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    Assignment from chapter 3 (Principles of Accounting Weygandt, Kieso & Kimmel)
    

    Problem set B: 1,2,5

    
    

• Midterm Exam
  

  Midterm Exam

  
  

  Syllabus of Midterm exam:

  1.Introduction/Accounting in action

  2.Journal, ledger and trial balance

  3.Adjusting the accounts

  • 10.7.20 Discussion on Midterm URL

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• Topic 5
  

  Topic 5

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    Work sheet
    

    Chapter Objectives:

    (a) To understand the need and application of the accounting cycle

    (b) To understand the cost effectiveness of maintaining a worksheet

    (c) To know the process of preparing a work sheet

    (d) To gain learn the process of preparing a post- closing trial balance

    
    
    

    Chapter Outcome:

    At the end of this chapter we are expected to:

    (i) Be able to explain what type of companies need to maintain a worksheet and how it brings benefits to the company

    (ii) Be able to decide whether a company should maintain work sheet

    (iii) Be able to complete a work sheet

    (iv) Be able to prepare a post closing trial balance after preparing the closing entries

    
    
    

    Teaching resources:

    (1) Text Book and PowerPoint

    (2) Video recording

    (3) Live class and discussion

     

    
    

  • Power point slides on Work sheet File
  • Video on Worksheet URL

    
    

  • Video on Worksheet URL

    
    

  • What you have learned from this topic? Forum

    
    

  • What are the questions you have arised from this topic? Forum
  • Class Lecture 18.8.20 URL

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  • Class Lecture 17.8.20 URL

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  • Class materials File

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  • Try here for Menti URL

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    Go to www.menti.com and use this code 8720019

  • Try here for Slido URL

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    Go to www.slido.com and use this code H043

  • Discussion forum

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    Why goodwill is called intangible asset? Explain
    

  • Class Lecture 26.8.20 URL

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• Assignment
  

  Assignment

  
  

  Assignment from chapter 4 (Principles of Accounting Weygandt,Kieso & Kimmel)
  

  Problem set B: 1,2,3,4,5

  
  
• Topic 6
  

  Topic 6

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    Cost terms, concepts and classifications

    Objectives of the Topic will be to know

    1.Cost object, Cost center, Cost, Expense & Loss, 

    2.Cost terms Concepts and Classification of costs(product and period cost ,direct and indirect cost, manufacturing and non manufacturing cost,

    3.opportunity and sunk cost, fixed and variable cost) Elements of cost, Prime Cost,

    4.Preparation of cost of good sold statement and income statement

    Outcome of the topic:

    1.Cost object, Cost center, Cost, Expense & Loss, 

    2.Cost terms Concepts and Classification of costs(product and period cost ,direct and indirect cost, manufacturing and non manufacturing cost,

    3.opportunity and sunk cost, fixed and variable cost) Elements of cost, Prime Cost,

    4.Preparation of cost of good sold statement and income statement

    Teaching resources:

    (1) Text Book and PowerPoint

    (2) Video recording

    (3) Live class and discussion

    
    

  • Slides on cost terms, concepts and classifications File
  • Video on Structure of preparing cost sheet by Shahana Kabir URL

    
    

  • Video on Cost terms, concepts and classifications URL

    
    

  • Video on Cost terms, concepts and classifications URL

    
    

  • What you have learned from this topic? Forum
  • What are the questions you have arised from this topic? Forum
  • Discussion Forum

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    Freight out which type of expense in our cost sheet?

• Assignment
  

  Assignment

  
  

  Assignment from this chapter.(Managerial Accounting by Garrison)
  

  Problem 2-25,2-28,2-30
• Quiz 3
  

  Quiz 3

  
  

  Click here to start

  Date of exam 6.6.2020

  Syllabus of the Quiz

  Adjusting the accounts

  
  
  
• Topic 7
  

  Topic 7

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    Cost ,volume profit relationship

    Objective of the topic will be to learn:

    1.Uses of Cost-Volume-Profit (CVP)Analysis; 

    2.Break-even Analysis- Equation approach and contribution approach. Break-even Point and Shutdown Point; 

    3.Graphical Approach of CVP Analysis; 

    4.Margin of Safety, Degree of Operating Leverage(DOL); Assumptions and Limitations of CVP Analysis; Accounting View vs. Economics View of Break-even Point.

     Outcome of the topic:

    1.Uses of Cost-Volume-Profit (CVP)Analysis; 

    2.Break-even Analysis- Equation approach and contribution approach. Break-even Point and Shutdown Point; 

    3.Graphical Approach of CVP Analysis; 

    4.Margin of Safety, Degree of Operating Leverage(DOL); Assumptions and Limitations of CVP Analysis; Accounting View vs. Economics View of Break-even Point.

     Teaching resources:

    (1) Text Book and PowerPoint

    (2) Video recording

    (3) Live class and discussion

    
    

  • Discussion forum
  • Video on Mathematical problem regarding CVP analysis by Shahana Kabir URL

    
    

  • Video on Cost volume profit analysis URL

    
    

  • What you have learned from this topic? Forum
  • What are the questions you have arised from this topic? Forum
• Presentation/Viva
  

  Presentation/Viva

  
  

  

  After completion of the courses Viva will be taken and the topic will be for viva :

  1.Chapter 1: Transaction Analysis

  2. Chapter 2: Conceptual framework of Accounting

  3.Chapter 3: The recording process

  4. Chapter 4: Adjusting journal entries

  5. Chapter 5: Cost Sheet

  
  
• Quiz 4
  

  Quiz 4

  
  
• Final Exam
  

  Final Exam

  
  

  Syllabus of Final exam

  1.Syllabus of Midterm exam (30%)

  2.Work sheet

  3.Cost terms, concepts and classifications

  4.Cost volume profit analysis
• Topic 25
  

  Topic 25

  Submit your presentation slides here

  • Submit your presentation slide Assignment

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