INDEPENDENT UNIVERSITY, BANGLADESH

School of Business
BBA Program Course Outline

Semester Course Code Course Title Section

Summer 2017 ACN 201 Principles of Accounting 02

INSTRUCTORS DETAILS:

Instructor : Nimat Zarin Class Time: MW 17:00-18:30

Office : 4007 (Adjunct Faculty Room) Class Room: 2023
Email : nimatzarin@gmail.com Office Hours: ST 09:30-11:20; MW16:00-17:00.
My SB Address:
http://103.254.86.4/sb/course/index.php?categoryid=49

COURSE DESCRIPTION:
This course addresses accounting concepts and principles applicable to business enterprise. Principle of
Accounting is an introductory accounting course which will help to understand basic accounting
process.

COURSE POLICY:
1. It is the students responsibility to gather information about the assignments and covered topics during the
lectures missed. Regular class attendance is mandatory. Points will be taken off for missing classes.
Without 70% of attendance, sitting for final exam is NOT allowed. According to IUB system students
must enter the classroom within the first 20 minutes to get the attendance submitted.
2. The date and syllabus of quiz, midterm and final exam is already given here, however, announcements
will be given ahead of time. There is NO provision for make-up quizzes.
3. The reading materials for each class will be given prior to that class so that student may have a cursory
look into the materials.
4. Class participation is vital for better understanding of sociological issues. Students are invited to raise
questions.
5. Students should take tutorials with the instructor during the office hours. Prior appointment is required.
6. Students must maintain the IUB code of conduct and ethical guidelines offered by the School of Business.
7. Students must refrain from any type of cheating and/or plagiarism in a course. Any student acting
otherwise will receive an F grade in the course. School of Business, IUB, maintains a zero tolerance
policy regarding violation of academic integrity.
8. Students are not allowed to keep bags, handouts, books, mobile phones, smart watches or any other smart
electronic devices with them during any exam. Students are advised to keep everything in the front of the
class room before the exam starts. Please note that, just carrying any smart electronic devises (even if the
devise is turned off or put it in silent mode) during the exam will be considered as cheating. Moreover,
during the exam, anything written on hand palms (or anywhere else) and carrying paper materials

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 (whatever is written) will be considered as cheating. Any sorts of cheating will result in an F grade
with no exception. During the exam, students are only allowed to carry pen,pencil, eraser, sharpener,
ruler, highlighter and calculator in a clear plastic bag.

ASSESSMENT AND MARKS DISTRIBUTION:

Type of Evaluation Nos. Weight

Class Attendance and Participation 100% 5
Quiz (Best three will be counted) 5 15
Project and Presentation 01 10
Midterm Exam 01 30
Final Exam 01 40
Total 100%
[Class attendance is mandatory; failure to do so may deduct the final marks]

GRADE CONVERSION SCHEME:

The following chart will be followed for grading. This has customized form the guideline provided by the school
of Business.

A A- B+ B B- C+ C C- D+ D F
90-100 85-89 80-84 75-79 70-74 65-69 60-64 55-59 50-54 45-49 0-44

* Numbers are inclusive

REQUIRED TEXT:
The course will be based mostly on the following books [some other books and journals may be referred
time to time]:
1. Weygandt, Kieso& Kimmel. 1999. Accounting Principles, 11th Edition. New York: Prentice Hall,
Inc.

CLASS AND EXAM SCHEDULE, TOPIC AND READINGS:

Sessions Topic Learning Outcomes Readings
Session -1 Introduction Introduction to Principles of Course Outline
Accounting
Explanation of Course Outline
Session -2 Accounting in Definition Accounting. Weygandt,
Action Three Basic Activities for Kieso Chapter1
Accounting Pages 1-46
Types of Users

Session -3 Accounting in Discussion about Accounting Weygandt,

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 Action Standards Kieso Chapter 1
Basic Accounting Equation Pages 1-46
Using the Accounting Equation for
solving relevant exercises and
problems [ Page 15-19]
Session -4 Accounting in Understand the four Financial Weygandt,
Action Statements and how they are KiesoChapter 1
prepared Pages 1-46

Relevant Problem Solving from Text

Session -5 The Recording Explain Recording Process Weygandt,
Process KiesoChapter 2
Relevant Problem Solving from Text Pages 48-92

Session -6 The Recording Ledger Weygandt,

Process Posting KiesoChapter 2
Trial Balance Pages 48-92
Relevant Problem Solving from Text

Session-7 Adjusting the Different types of Adjusting the Weygandt,

Accounts Accounts KiesoChapter 3
Summary of Journalizing and Pages 94-143
posting
Preparing the Adjusted Trial
Quiz 1 Balance

Relevant Problem Solving from Text

Chapter : 1 &2
Session-8 Adjusting the Different types of Adjusting the Weygandt,
Accounts Accounts KiesoChapter 3
Summary of Journalizing and Pages 94-143
posting
Preparing the Adjusted Trial
Balance

Relevant Problem Solving from Text

Session -9 Completing Preparing the Financial Statement Weygandt,

the from work-sheet KiesoChapter 4

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 Accounting Illustration 4-3A [ Page 148 ]
Cycle Relevant Problem Solving from Text Pages 144-196

Session - Completing Preparing Closing Entries Weygandt,

10 the Posting Closing Entries KiesoChapter 4
Accounting Illustration 4-6 [ Page 154]
Cycle Relevant Problem Solving from Text Pages 144-196

Quiz 2 Chapter : 3&4

Session -11 Completing Preparing a Post Closing Trial Weygandt,
the Balance KiesoChapter 4
Accounting The Classified Balance Sheet Pages 144-196
Cycle Relevant Problem Solving from Text
(Continue)
Session - Midterm Chapters 1,2,3,4 Weygandt,
12 Exam Kieso Chapter
1,2,3,4
Session -13 Accounting Difference between Service and Weygandt,
For Merchandising Companies Kieso Chapter 5
Merchandising Recording Purchase of Merchandise
Operations :
Freight Costs Pages 198-246
Purchase Returns and
Allowances
Purchase Discounts
Summary of Purchasing
Transactions

Session -14 Accounting Recording Sales of Merchandise Weygandt,

For Forms of Financial Statements Kieso Chapter 5
Merchandising
Operations Relevant Problem Solving from Text Pages 198-246
(Continue)
Quiz 3 Chapter : 5
Session -15 Accounting Classified Balance Sheet Weygandt,
For Relevant Problem Solving from Text KiesoChapter 5
Merchandising (Continue) Pages 198-246
Operations
Review Class for Mid-Term Exam
Session -16 Inventory Inventory Costing: Weygandt,
Valuation Perpetual KiesoChapter 06

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 Periodic System
Cash Flow Assumptions Pages 254-298
Relevant Problem Solving from Text

Session -17 Inventory Estimating Inventories:

Valuation Gross-Profit Method Weygandt,
Retail Inventory Method Kieso

Relevant Problem Solving from Chapter 06

Text (Continue)
Pages 254-298

Session -18 Cash and Reconciliation Procedure Weygandt,

Bank Bank Reconciliation Statement KiesoChapter 08
Reconciliation Illustration 8-12 [ Page 370 ]
Pages 344-394

Session -19 Weygandt,

Cash and KiesoChapter
Bank Relevant Problem Solving from Text 08
Reconciliation
Pages 344-394

Session -20 Accounting for Types of Receivables

Receivables Recognizing Account Receivables Weygandt,
Valuing Account Receivable KiesoChapter
09
Relevant Problem Solving from Text
(Continue) Pages396-435

Session -21 Accounting for Relevant Problem Solving from Text Weygandt,
Receivables (Continue) KiesoChapter 09

Quiz 4 Chapter :6 & 9 Pages 396-435

Session -22 Property, Plant Determining the Cost of Plant Assets Weygandt,
and Concept of Depreciation KiesoChapter 10
Equipment Factors in Computing Depreciation
Pages 436-483

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 Session -23 Property, Plant Depreciations Methods : Weygandt,
and Straight Line KiesoChapter 10
Equipment Units of Activity
Declining Balance Pages 436-483
Relevant Problem Solving from Text

Session -24 Property, Plant Sale of Assets : Weygandt,

and Gain On Disposal KiesoChapter 10
Equipment Loss On Disposal
Illustration 10-19 & 10-20 [ Page 452- Pages 436-483
453 ]

Session -25 Property, Plant Compute Periodic Depreciation of Weygandt,

and Natural Resources KiesoChapter 10
Equipment Illustration 10-21 Formula [ Page Pages 436-483
453 ]

Relevant Problem Solving from Text

Session -26 Review Class Review class based on the Final Weygandt,
Syllabus Kieso
Chapter : Final
Syllabus
Session Final Exam Chapter 5,6,8,9 and 10 Weygandt,
Kieso Chapter
5,6,8,9 and 10

AUDIT:
Students who are willing to audit the course are welcome during the first two classes and are advised to contact
the instructor after that.

NOTE:
Plagiarism- that is the presentation of another persons thoughts or words as though they were the students own
must be strictly avoided. Cheating and plagiarism on exam and assignment are unacceptable.

UNIVERSITY REGULATION AND CODE OF CONDUCT:

Please see the green book for further information about academic regulation and policies, including withdrawal
and grading, apples and penalties for pilgrims and academic misconduct.

STUDENTS WITH DISABILITIES:

Students with disabilities are required to inform the School of Business/ Department of Economics of any specific
requirement for classes or examination as soon as possible.

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