AMERICAN INTERNATIONAL UNIVERSITY-BANGLADESH (AIUB) AMERICAN INTERNATIONAL UNIVERSITY-BANGLADESH (AIUB)

Dhaka, Bangladeh
Faculty of Business Administration
Undergraduate Program
COURSE OUTLINE
Course Code : BBA 00380
Course Name : Principles of Accounting (GEN)
Nature : Fundamental Course
Academic Term : Summer 2009
Credit : 3 credit hours.
Prerequisite : None
Section : G (ST 12:00-2:00, Room- 7082)
Faculty Name : Ms. Samia Tarannum Chowdhury.
Course Objective:
The course aims to provide the students with basic understanding of principles & concepts
of accounting as well as accounting practices, fnancial reporting & analysis which intend
to provide a strong foundation in understanding the way fnancial statements are prepared
and how these fnancial reports help the management of any business/organization to take
various managerial decisions. The managerial accounting aspect of this course helps the
students in developing an understanding about the various cost concepts and their related
interpretation involved in decision making.

Course Description:
Defnition of Accounting, users of accounting information, accounting concepts and
principles, accounting equation, measuring and recording of business transactions,
adjusting entries, completing the accounting cycle, classifed fnancial statements,
depreciation, inventories, managerial accounting basics, cost behavior, cost volume-proft
and its analysis and budgeting.
Teaching Methods:
In order to achieve success, it is vital that the course tutor and the students cooperate with
each other in identifying areas, which may need further clarifcation. It is expected that
classes will be proactive with contribution from all participants. Visual presentation (power
point) will be used for better understanding of various topics in the course.
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Principles of Accounting; Course outline; Summer 2009
Course Requirements:
Active class-participation will be expected from all students. Attendance is important and
you will be treated as an adult in this regard; responsible for the outcomes of the choices
you make. Absences will impact on class participation grade.
Required Text:
Accounting Principles, Jerry J. Weygandt, Doland E. Keiso, Paul de Kimmel; 8
th
Edition;
Wiley & Sons, Inc.
Reference Text:
1.Introduction to Financial Accounting, Charles T. Horngren, Gary L. Sundem, John A.
Elliott; 8
th
Edition; Pearson Education.
2.Fundamental Financial Accounting Concepts, Thompson P. Edmonds, Frances M.
McNair, Edward E. Milam, Philip R. Olds, Cindy D. Edmonds; 3
rd
Edition; Irwin.
3.Accounting Principles, Hermanson, Edwards, Salmoncon; 4
th
Edition; Business
Publications Inc.
Policy for missed classes, quizzes & midterm examination:
Students are requested to attend all classes & to read assigned textual material prior to
attending in the class. A student missing the signifcant number of classes without a valid
reason may be dropped from the course. No make up would be allowed for missed
quizzes. Students are not expected to be absent in Mid-Term Examination. But due to
unavoidable reason if any student misses the Mid-Term Examination, he/she can attend
the make up Mid-Term Examination, only if the authority approves the matter. The make
up should be arranged within one week of the particular examination date.
Evaluation:
Mid Term Session Final Term Session
Quizzes 20% 20%
Individual Assignments &
Presentation
10% 10%
Class Participation & Attendance 20% 20%
Term Examination 50% 50%
Total 100% 100%
Converted into 40% 60%

Assignment:
The topic of the assignment will be informed in the class. Students are expected to form
small groups for discussing & solving the assignments, which they shall have to present in
class. All the assignments will be individual based and must be submitted on or before the
due date. No late submission of assignments will be accepted.
Grading Policy:
Grades will be calculated as per the university grading structure.
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Principles of Accounting; Course outline; Summer 2009
Class behavior & policy:
A.The instructor retains the right to take any appropriate action necessary against any
student(s) for disruptive behavior no warning given.
B.Students are expected to attend class and be on time. Students must have 80%
attendance of the total number of classes. It is entirely the responsibility of the students
to collect the materials that has been missed due to failure of attending any classes for
any reason whatsoever. Let it be reminded that lectures will not be repeated.
Withdrawal from class is not automatic. The student who desires to withdraw is
responsible for processing the withdrawal.
C.Students must clarify all their queries in the class & are encouraged to actively
participate in class discussion and ask relevant questions.
D.Students must turn of their cell phones or put on silent mode prior to entering the
classroom.
E.Honesty is the best policy. Any sort of academic dishonesty will result in severe
consequences and may lead to receiving a failing grade.

Course Content:
Time
Frame
Learning Objects Reference
Lecture
1 2
(Wk-1)
Accounting In Action:
Explain what is accounting, identify the users and uses of
accounting, explain and meaning of GAAP and cost
principles, meaning of monetary and economic entity
assumption, basic accounting equation and the meaning of
assets, liabilities, and owners equity, analyzing business
transactions and its efects on basic accounting equation,
understanding the four fnancial statements etc.
Weygandt, Kieso
and Kimmel
Chapter 1
Lecture
3 - 5
(Wk-2,3)
The Recording Process:
What is an account, defne debits and credits, identify the
basic steps in accounting process, journal and its recording
process, ledger and its recording process, preparation of
trial balance etc.
Weygandt, Kieso
and Kimmel
Chapter 2
Lecture
6 - 8
(Wk-3,4)
Adjusting the Accounts:
Explain the time period assumption, explain accrual basis of
accounting, adjusting entries, adjusting entries for
prepayments and accruals, purpose of adjusted trial
balances.
Weygandt, Kieso
and Kimmel
Chapter 3
Lecture
9 - 10
(Wk-5)
Completion of the Accounting Cycle:
Preparing a work sheet, processing of closing the books,
describe the content and purpose of post-closing trial
balance, the required steps in accounting cycle, correcting
entries, reversing entries, classifed balance sheet.
Weygandt, Kieso
and Kimmel
Chapter 4
MID TERM EXAMINATION (WEEK 6)
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Principles of Accounting; Course outline; Summer 2009
Time
Frame
Learning Objects Reference
Lecture
11 13
(Wk-7,8)
Inventory, Depreciation & Understanding Cash Flow
Understanding the classifcation of inventory, steps in
determining inventory quantities, inventory costing,
fnancial statements and tax efects of each of the inventory
cost fow methods; concept of depreciation, periodic
depreciation by using diferent methods, procedure for
revising periodic depreciation; Usefulness of Cash Flows,
diference among the elements of the Cash fow Statement,
preparing Cash fow by using Indirect method and
analyzing it.
Weygandt, Kieso
and Kimmel
Chapter 6, 10,17
Lecture
14
(Wk-8)
Managerial Accounting Basics
Distinguishing features of Managerial Accounting, three
broad functions of management, defning three classes of
manufacturing costs, product & period cost,
Weygandt, Kieso
and Kimmel
Chapter 19
Lecture
15 16
(Wk-9)
Managerial Cost Concepts, Managerial Accounting Today
& Managerial Costs in Financial Statements
Three classes of manufacturing costs, diference between
merchandising & manufacturing Income Statement &
Balance Sheet, determining cost of goods manufactured,
cost Terms & Concept, Cost behavior, Cost driver & cost
estimation etc
Weygandt, Kieso
and Kimmel
Chapter 19
Lecture
17 -18
(Wk-10)
Cost Volume - proft , Cost Behavior analysis , cost volume
proft analysis & variable costing
Intro to cost behavior & Cost Volume Relationship. Cost
Volume proft analysis.
Weygandt, Kieso
and Kimmel
Chapter 22
Lecture
19 20
(Wk-11)
Budget
Budgeting System
Proft planning & Budgeting, Flexible Budget & Static
Budget.
Weygandt, Kieso
and Kimmel
Chapter 23, 24
FINAL EXAMINATION (WEEK 12)
Note: The above course outline is tentative. The instructor reserves the right to make any changes if
deem necessary and will be announced accordingly.
Prepared By:
Faculty: Samia Tarannum Chowdhury
E-mail:samia@aiub.edu
Ofce: Campus 1, Faculty Room 133.
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