Section outline

  • Note from Teacher

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    Dear Students,

    Greetings & best wishes to all of you. I welcome all of you in Fall-2022. Due to  CORONA-19 pandemic we are online. Hope and pray to Almighty creator so that we can continue to our beloved campus. This is an introductory accounting course that deals with the basic functions of accounting so that we may have a fundamental understanding of the accounting reports and business decision process. This course is mathematical practice basis but for better and easy practice of mathematics we should understand the concepts first. I confidently believe that if we try collectively and invest our valuable time we can do well in this course. Wish you good luck!



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      Teacher's Information:

      Name: Sampa Saha
      Initial: SS
      Designation: Lecturer in Accounting
      Department: Business Administration
      Faculty: Business and Entrepreneurship
      Contact Number: 01627553431
      Mail: sampa.ba@diu.edu.bd


      Course Introduction, Objectives & Expected Outcome:

      Our Primary Text:....!!


      Course Introduction:

      Don’t worry at all! This is an introductory accounting course which is very interesting and somewhat funny. Of course very important for all irrespective of our discipline. In teaches us the basic accounting issues to enrich us with the fundamental activities of accounting so that we may have at least the minimum command on the financial activities of the organization as well we can engage ourselves in the business decision process. We hope to enjoy the course.  

      Course Objectives:

      (a) Understand the role and principles of financial accounting and reporting

      (b) Record, handle and summarize accounting data

      (c) Prepare financial statements for service and real estate construction companies

      (d) 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.


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      Course Outline & Text Book:

      Course Objectives:

      (a) Understand the role and principles of financial accounting and reporting

      (b) Record, handle and summarize accounting data

      (c) Prepare financial statements for service and real estate construction companies

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

      Text Book:  Accounting Principles- 12th Edition, by Weygandt, Kieso, and Kimmel

      Reference Books: 

      1.    Intermediate Accounting -15th Edition, by Donald E. Kieso, Weygandt, Warfield.

      2.    Principles of Accounting- Latest Edition, by Needles & Anderson.





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      PDF of Accounting Principle Book

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      Assessment Strategy:

      Universal assessment strategy of Daffodil International University will be followed. For the assessment of the quiz, assignment, presentation and case studies we may set or change our styles but for the term examinations like Midterm and Semester Final examination the central procedure of the university will be strictly followed. However, the marks distribution of the assessment is as under:

      Class attendance:                            7 Marks

      Class test/ Quiz:                               15 Marks

      Assignment:                                       5 Marks

      Presentation:                                    8 Marks

      Midterm Examination:                   25 marks

      Semester Final:                               40 Marks

      Total:                                                 100 Marks



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      Industrial Attachment Procedure:

      Industrial Attachment: 

      Following approaches are followed for industrial attachment:

      (i) Real data base problem and case studies are solved

      (ii) Students are instructed to collect real accounting data from different companies and then they prepare accounting report from those data

      (iii) Real life example  



  • Topic 1

  • Topic 2

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      Lectures on Chapter 02: The Conceptual Framework of Accounting


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      Student Interaction by interactive contents
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  • Topic 3

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      Keep in mind, it is chapter 02 of the text book!

      However, we are expected to finish this chapter in 03 classes. 

      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


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      Solution for practice problem for chapter 2 (Journal, Ledger, Trial Balance):

      https://classroom.google.com/c/MTcwOTg3MTM3NTIz/p/MTUxMzgxMDIzNzg0/details

  • Topic 4

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      Lectures on CH 04: Adjusting the accounts

      This chapter will take 3 lectures. 

      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



  • To submit Assignment just click Below

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      Assignment on Transaction Analysis:
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      Question-1: Practice Problem (Page 31)

      Question-2: P1-1A (Page-40)

      Question-3: P1-4A (Page-41)

      N.B: (Page number from the PDF of our Textbook)

      Requirements:

      a) Prepare a Tabular Summary for the transactions.

      b) Prepare an Income Statement, Owner's Equity Statement and Balance sheet for the month ended.


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      Assignment on Transaction Analysis For (PC-C)

      Question-1: Practice Problem (Page 31)

      Question-2: P1-1A (Page-40)

      Question-3: P1-4A (Page-41)

      N.B: (Page number from the PDF of our Textbook)

      Requirements:

      a) Prepare a Tabular Summary for the transactions.

      b) Prepare an Income Statement, Owner's Equity Statement and Balance sheet for the month ended.



      Not available unless: You belong to (PC-C)

  • To Attend Quiz 1 Just Click Below

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      Quiz 1 for (PC-C): Assignment

      Instructions:

      # Write down your ID Number on every page of your answer script.

      # Submit your PDF file within 9:50 PM. For your late submission 5 marks will be deducted.

      NB: (Maximum file size 10 MB)



      Not available unless: You belong to (PC-C)
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      Quiz 1 for (PC-D): Assignment

      Instructions:

      # Write down your ID Number on every page of your answer script.

      # Submit your PDF file within 10:30 PM. For your late submission 5 marks will be deducted.

      NB: (Maximum file size 10 MB)



      Not available unless: You belong to (PC-D)
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      Quiz 1 for (PC-E): Assignment

      Instructions:

      # Write down your ID Number on every page of your answer script.

      # Submit your PDF file within 9:00 PM. For your late submission 5 marks will be deducted.

      NB: (Maximum file size 10 MB)



      Not available unless: You belong to (PC-E)
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      Quiz 1 for (PC-F): Assignment

      Instructions:

      # Write down your ID Number on every page of your answer script.

      # Submit your PDF file within 10:30 PM. For your late submission 5 marks will be deducted.

      NB: (Maximum file size 10 MB)



      Not available unless: You belong to (PC-F)
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      Quiz 1 for (PC-G): Assignment

      Instructions:

      # Write down your ID Number on every page of your answer script.

      # Submit your PDF file within 09:00 PM. For your late submission 5 marks will be deducted.

      NB: (Maximum file size 10 MB)



      Not available unless: You belong to (PC-G)
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      Quiz 2 for (PC-C) Assignment
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      Instructions:

      # Write down your ID Number on every page of your answer script.

      # Submit your PDF file within 7:50 PM. For your late submission 5 marks will be deducted.

      NB: (Maximum file size 10 MB)



  • To Attend Quiz 1 Just Click Below

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      Quiz 1 (PC-A) Assignment
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      Instructions:

      # Write down your ID Number on every page of your answer script.

      # Submit your PDF file within 8:00 PM. For your late submission 5 marks will be deducted.

      NB: (Maximum file size 10 MB)


  • To Submit Assignment Just Click Below

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      Assignment on Journal
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      Question-1: Practice Problem (Page 31)

      Question-2: P1-1A (Page-40)

      Question-4: P1-4A (Page-41)

      N.B: (Page number from the PDF of our Textbook)

      Requirements:

      a) Prepare Journal Entries for the transactions.

      b) Post to the ledger and prepare trial balance for the month ended.


      Instructions:

      # Submit your PDF file. (Maximum file size 10 MB)

      # File name will be set as the name of your section. (For example: (PC-A); (PC-B); (O-15) 

  • Chapter-4 (Worksheet)

  • Class Recordings:

  • Mid-term Syllabus:

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      Mid exam syllabus :
      # Financial Accounting :
      * Chapter-1:
      Tabular summary, Income statement
      * Chapter-2:
      Journal, Ledger (2/3)
      * Chapter-3:
      Adjusted journal

  • Class Recordings:

  • Final Exam Syllabus:

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      Final exam syllabus :
      # Financial Accounting :
      * Chapter-2:
      Journal
      * Chapter-4
      Worksheet

      # Managerial Accounting:
      * Cost of Goods Sold, Income statement

      * CVP Analysis.