西安外国语大学双语课程

《 Financial Accounting I》（财务会计 I）教学大纲

英文名称：Financial Accounting

课程编号：

学时：72 学分：4

适用对象：会计专业本科一年级

先修课程：基础会计（中文）、管理学（中文）

使用教材及参考书：

Textbooks:

1. Financial Accounting , BPP Professional Education, 东华

大学出版社，2007 年 10 月
2. Intermediate Accounting, 11th Edition, Kieso, Weygandt
and Warfield, Wiley publishing, 2005

1、 课程性质、目的和任务

The objective of Financial Accounting is to ensure that you have the necessary basic

accounting knowledge and skill to progress to the more advanced work of

Financial Reporting. The two main skills required are:

• The ability to prepare basic financial statements and the underlying accounting

records on which they are based.

• An understanding of the principles on which accounting is based.

The key topic areas are as follows:

• Preparation of financial statements for limited liability companies for internal

purposes or for publication

• Preparation of financial statements for partnerships and sole traders (including

incomplete records)

• Basic group accounts – consolidated balance sheet for a company with one

subsidiary

• Basic bookkeeping and accounting procedures

• accounting conventions and concepts

• Interpretation of financial statements

• Cash flow statements

• Accounting standards (as listed in the exam notes)

2、 教学基本要求
To develop knowledge and understanding of the techniques used to prepare

financial statements, including necessary underlying records, and the interpretation

of financial statements for incorporated enterprises, partnerships and sole traders.

• describe the role and function of external financial reports and identify their users

• explain the accounting concepts and conventions used in preparing financial

statements

• Record and summaries accounting data

• maintain records relating to non-current asset acquisition and disposal

• prepare basic financial statements for sole traders, partnerships, incorporated

enterprises and simple groups

• appraise financial performance and the position of an organization through the

calculation and review of basic ratios

• demonstrate the skills expected in Part 1.

三、教学内容

Part A. The context and purpose of financial reporting

1．The reason for and objectives of financial reporting

2. Users’ and stakeholders’ needs

3. The main elements of financial reports

4. The regulatory framework

Part B. The qualitative characteristics of financial information and the

fundamental bases of accounting

1. The qualitative characteristics of financial reporting

(a) Fair presentation

(b) Going concern

(c) Accruals

(d) Consistency

(e) Materiality

(f) Relevance

(g) Reliability

(h) Faithful representation

(i) Substance over form

 (j) Neutrality

(k) Prudence

(l) Completeness

(m) Comparability

(n) Understandability

2. Alternative bases used in the preparation of financial information

Part C. The use of double-entry and accounting systems

1. Double-entry book-keeping principles including the maintenance of accounting

records and sources of information

2. Ledger accounts, books of prime entry, and journals

3. Accounting systems and the impact of information technology on financial

reporting

Part D. Recording transactions and events

1. Sales and purchases

(a) Record sale and purchase transactions in ledger accounts and in day books.

(b) Understand and record sales and purchase returns.

(c) Understand the general principles of the operation of a sales tax.

(d) Calculate sales tax on transactions and record the consequent accounting

entries.
 (e) Account for discounts allowed and discounts received.

2. Cash

(a) Record cash transactions in ledger accounts.

(b) Understand the need for a record of petty cash transactions.

(c) Describe the features and operation of a petty cash impresses system.

(d) Account for petty cash using impress and non-impress methods.

(e) Understand the importance of, and identify controls and security over the

petty cash system.

3. Inventory

(a) Record opening and closing inventory.

(b) Recognize which costs should be included in valuing inventories

(c) Understand the use of continuous and period end inventory records.

(d) Calculate the value of closing inventor FIFO (first in, first out) and AVCO

(average cost).

4. Tangible non-current assets

(a) Define non-current assets.

(b) Classify expenditure as capital or revenue expense

(c) Prepare ledger entries to record the acquisition and disposal of non-current

asset

(d) Calculate the profit or loss on disposal of a revalued asset.

5. Depreciation

(a) Understand and explain the purpose of depreciation.

(b) Aculeate the charge for depreciation using straight line and reducing balance

methods.

(c) Illustrate how depreciation expense and accumulated depreciation are recorded

in ledger accounting

(d) Calculate depreciation on a revalued non- current asset including the transfer of

excess depreciation between the revaluation reserve and retained earnings.

(e) Record depreciation in the income statement and statement of financial position.

6. Intangible non-current assets and amortization

(a) Recognize the difference between tangible and intangible non-current asset

(b) Calculate amounts to be capitalized as development expenditure or to be

expensed from given information.

(c) Calculate and account for the charge for amortization.

7. Accruals and prepayments

(a) Understand how the matching concept applies to accruals and prepayments.

(b) Identify and calculate the adjustments needed for accruals and prepayments in

prepare financial statements.

(c) Prepare the journal entries and ledger entries for the creation of an accrual or

prepayment.

(d) Understand and identify the impact on profit and net assets of accruals and

prepayments.

8. Receivables and payables

(a) Explain and identify examples of receivables and payables

(b) Prepare the bookkeeping entries to write off a bad (irrecoverable) debt.

(c) Prepare the bookkeeping entries to create and adjust an allowance for

receivables.

(d) Account for contras between trade receivables and payables.

(e) Prepare, reconcile and understand the purpose of supplier

Statements

9. Provisions and contingencies

(a) Understand the definition o f “provision”, “contingent liability” and “contingent

asset”.

(b）Calculate provisions an d changes in provisions.

(c) Report provisions in the final accounts.

10. Capital structure and finance costs

Understand the capital structure of a limited liability company including:

(a) Ordinary shares

(b) Preference shares (redeemable and irredeemable)

(c) Loan notes

Part E. Preparing a trial balance

1. Trial balance

2. Correction of errors

3. Control accounts and reconciliations

4. Bank reconciliations

5. Suspense accounts
Part F. Preparing basic financial statements

1. Statements of financial position

2. Income statements and statements of comprehensive income

3. Events after the reporting period

4. Accounting for partnerships

5. Statements of cash flows (excluding partnerships)

6. Incomplete records

四、学时分配

内 容 学时
Part A: The context and purpose of financial reporting

1．the reason for and objectives of financial reporting 2

2. Users’ and stakeholders’ needs 2

3.The main elements of financial reports 2

4. The regulatory framework 2

Part B: The qualitative characteristics of financial information and the

fundamental bases of accounting
1.The qualitative characteristics of financial reporting 2

2.Alternative bases used in the preparation of financial 2

information
Part C: The use of double-entry and accounting systems 2
1.Double-entry book-keeping principles including the 2
maintenance of accounting records and sources of information
2. Ledger accounts, books of prime entry, and journals 2
3. Accounting systems and the impact of information 2
technology on financial reporting
Part D: Recording transactions and events

1. Sales and purchases 4 4

2. Cash 2

3. Inventory 4

4. Tangible non-current assets 4

5. Depreciation 2

6. Intangible non-current assets and amortization 2

7. Accruals and prepayments 2

8. Receivables and payables 4

9. Provisions and contingencies 2

10. Capital structure and finance costs 2

Part E: Preparing a trial balance

1. Trial balance 2

2. Correction of errors 2
3. Control accounts and reconciliations 2

4. Bank reconciliations 2

5. Suspense accounts 2

Part F: Preparing basic financial statements

1. Statements of financial position 2

2. Income statements and statements of comprehensive income 2

3. Events after the reporting period 2

4. Accounting for partnerships 2

5. Statements of cash flows (excluding partnerships) 4

6. Incomplete records 2

Final Examination 2

Total 72

大纲制定者：商学院会计教研室、Financial Accounting 双语教学课题组