INDEPENDENT UNIVERSITY, BANGLADESH

School of Business
BBA Program Course Outline
Trimester Course Course Title Sectio
Code n
Summer ACN 305 Financial Accounting 02
2017

INSTRUCTORS DETAILS:

Instructor: Dr. Rushdi Razzaque Class Time: ST 09:40-11:10

Assistant Professor of
Accounting Class Room: 2009

Office: 4006 Office Hours: ST: 11:10 - 17:00.

MW: 11:10 - 17:40.
Email: rushdi@iub.edu.bd
Thursday: By appointment through email only

My SB Address: http://103.254.86.4/sb/course/view.php?id=85

COURSE DESCRIPTION:
This course is designed to provide comprehensive knowledge on the liability sides of the
accounting equation. The discussion will cover from recognition and measurements of a
particular liability to the presentation and disclosure of that liability in the financial
statements. Topics include
1. Current and Contingent Liabilities
2. Long-term Liabilities
3. Issue of Shares
4. Earnings and its Appropriation and Retention
5. Earnings Per Share Calculation
6. Accounting for VAT.
7. Accounting for Leases
8. Accounting Changes and Error Analysis
9. Financial Statement Analysis

PREREQUISITE (IF ANY):

ACN 301 (Intermediate Accounting)

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

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 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
(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 100% 5
Participation
Quiz (Best Two scores will be 3 15
counted)
Projects 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:

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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- 85-89 80-84 75-79 70-74 65-69 60-64 55-59 50-54 45-49 0-44
100
* 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]:

Kieso, Weygandt and Warfield; Intermediate Accounting; 15th Edition; John

Wiley & sons, Inc.

Link to virtual learning system: http://103.254.86.4/sb/ (School of Business

Faculty name- Login as a guest- password is 1234).

CLASS AND EXAM SCHEDULE, TOPIC AND READINGS:

Sessions Date Topic Learning Outcomes Readings

Session 07/05/17 Introduction Explanation of Course Outline Course
-1 Sunday Outline
Course Introduction and quick
review of ACN 301 concepts. Relevant
Handouts
available
from
virtual
learning
system
Current Describe the nature, type, and
Liabilities valuation of current liabilities. Kieso,
and Weygandt
Contingenci and
es Warfield,
Chapter
13 Pages
700-761

Session Current Explain the classification issues Kieso,

-2 09/05/201 Liabilities of short-term debt expected to Weygandt

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 7 and be refinanced. and
Tuesday Contingenci Warfield,
es Identify types of employee- Chapter
related liabilities. 13 Pages
700-761
Identify the criteria used to
account for and disclose gain Relevant
and loss contingencies. Handouts
available
from
Relevant problem solving from virtual
text learning
system

Session 14/05/17 Current Explain the accounting for Kieso,

-3 Sunday Liabilities different types of loss Weygandt
and contingencies. and
Contingenci Warfield,
es Indicate how to present and Chapter
analyze liabilities and 13 Pages
contingencies. 700-761

Relevant problem solving from Relevant

text Handouts
available
from
virtual
learning
system
Session Long Term Describe the formal procedures Kieso,
-4 16/05/201 Liabilities associated with issuing long- Weygandt
7 term debt. and
Tuesday
Warfield,
Identify various types of bond Chapter
issues. 14 Pages
762- 819
Describe the accounting
valuation for bonds at date ofRelevant
issuance. Handouts
available
Relevant problem solving from from
text virtual
learning
system

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 Session 21/05/17b Long Term Apply the methods of bond Kieso,
-5 Sunday Liabilities discount and premium Weygandt
amortization. and
Warfield,
Describe the accounting for the Chapter
extinguishment of debt. 14 Pages
762- 819
Explain the accounting for long-
term notes payable. Relevant
Handouts
available
Relevant problem solving from from
text virtual
learning
system
Session Long Term Describe the accounting for the Kieso,
-6 23/05/201 Liabilities fair value option. Weygandt
7 and
Tuesday
Explain the reporting of off- Warfield,
balance-sheet financing Chapter
arrangements. 14 Pages
762- 819
Indicate how to present and
analyze long-term debt. Relevant
Handouts
Relevant problem solving from available
text from
virtual
learning
system
Session-7 25/05/17 Stockholder Discuss the characteristics of Kieso,
Thursday s Equity the corporate form of Weygandt
(Sunday organization. and
Schedule)
Warfield,
Identify the key components of Chapter
stockholders equity. 15 Pages
820-881
Explain the accounting
procedures for issuing shares of Relevant
stock. Handouts
available
from
Relevant problem solving from virtual
text learning

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 system

Session Stockholder Describe the accounting for Kieso,

-8 28/05/201 s Equity treasury stock. Weygandt
7 and
Sunday
Explain the accounting for and Warfield,
reporting of preferred stock. Chapter
15 Pages
Describe the policies used in 820-881
distributing dividends.
Relevant
Handouts
Relevant problem solving from available
text from
virtual
learning
system

Quiz 1 Chapter 13-14

Session 30/05/17 Stockholder Identify the various forms of Kieso,
-9 Tuesday s Equity dividend distributions. Weygandt
and
Explain the accounting for Warfield,
small and large stock Chapter
dividends, and for share splits. 15 Pages
820-881
Indicate how to present and
analyze stockholders equity.Relevant
Handouts
Relevant problem solving from available
text from
virtual
learning
system
Session 04/06/201 Stockholder Relevant problem solving from Kieso,
-10 7 s Equity text Weygandt
Sunday and
Warfield,
Chapter
15 Pages
820-881

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 Relevant
Handouts
available
from
virtual
learning
system
Session 06/06/17 Dilutive Describe the accounting for the Kieso,
-11 Tuesday Securities issuance, conversion, and Weygandt
and retirement of convertible and
Earnings per securities. Warfield,
Share Chapter
Explain the accounting for 16 Pages
convertible preferred stock. 882-949

Contrast the accounting for Relevant

stock warrants and for stock Handouts
warrants issued with other available
securities. from
virtual
learning
system

Session 11/05/201 Midterm CHAPTERS 13-15 Kieso,

-12 7 Examinatio Weygandt
Sunday n and
Warfield,
Chapter
13-15.

Session 13/06/17 Dilutive Compute earnings per share in Kieso,

-13 Tuesday Securities a simple capital structure. Weygandt
and and
Earnings per Compute earnings per share in Warfield,
Share a complex capital structure. Chapter
16 Pages

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 Relevant problem solving from 882-949
text
Relevant
Handouts
available
from
virtual
learning
system
Session 18/06/201 Dilutive Relevant problem solving from Kieso,
-14 7 Securities text Weygandt
Sunday and and
Earnings per Warfield,
Share Chapter
16 Pages
882-949

Relevant
Handouts
available
from
virtual
learning
system
Session 20/06/201 Revenue Apply the revenue recognition Kieso,
-15 7 Recognition principle. Weygandt
Tuesday and
Describe accounting issues for Warfield,
revenue recognition at point of Chapter
sale. 18, Pages
1040-
Apply the percentage-of- 1115
completion method for long-
term contracts. Relevant
Handouts
Relevant problem solving from available
text from
virtual
learning
system
Session 02/07/17 Revenue Describe the installment-sales Kieso,
-16 Sunday Recognition method of accounting. Weygandt
and
Explain the cost-recovery Warfield,

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 method of accounting. Chapter
Pages 18
1040-
1115
Relevant problem solving from
text Relevant
Handouts
available
from
virtual
learning
system
Session Quiz 2 Chapter 16 & 18
-17 04/07/201
7
Tuesday

Accounting Identify differences between Kieso,

for Income pretax financial income and Weygandt
Taxes taxable income. and
Warfield,
Describe a temporary Chapter
difference that results in future 19 Pages
taxable amounts. 1116-
1181
Describe a temporary
difference that results in future Relevant
deductible amounts. Handouts
available
from
Explain the purpose of a
virtual
deferred tax asset valuation
learning
allowance. system

Describe the presentation of

income tax expense in the
income statement.

Relevant problem solving from

text
Session 09/07/17 Accounting Identify differences between
-18 Sunday for Income pretax financial income and
Taxes taxable income. Kieso,
Weygandt
Describe a temporary and

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 difference that results in future Warfield,
taxable amounts. Chapter
19 Pages
Describe a temporary 1116-
difference that results in future 1181
deductible amounts.
Relevant
Explain the purpose of a Handouts
deferred tax asset valuation available
allowance. from
virtual
learning
Describe the presentation of
system
income tax expense in the
income statement.

Relevant problem solving from

text
Session 11/07/201 Accounting Explain the nature, economic Kieso,
-19 7 for Leases substance, and advantages of Weygandt
Tuesday lease transactions. and
Warfield,
Describe the accounting criteria Chapter
and procedures for capitalizing 21 Pages
leases by the lessee. 1268-
1341
Contrast the operating and
capitalization methods of
recording leases. Relevant
Handouts
Relevant problem solving from available
text from
virtual
learning
system

Session 16/07/17 Accounting Explain the advantages and Kieso,

-20 Sunday for Leases economics of leasing to lessors Weygandt
and identify the classifications and
of leases for the lessor. Warfield,
Chapter
Describe the lessors 21 Pages
accounting for direct-financing 1268-
leases. 1341

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 Identify special features of Relevant
lease arrangements that cause Handouts
unique accounting problems. available
from
Relevant problem solving from virtual
text learning
system

Session 18/07/201 Accountin Describe the effect of residual Kieso,

-21 7 g for values, guaranteed and Weygandt
Tuesday unguaranteed, on lease and
Leases
accounting. Warfield,
Chapter
Describe the lessors 21 Pages
accounting for sales-type 1268-
leases. 1341

List the disclosure requirements Relevant

for leases. Handouts
available
from
Relevant problem solving from virtual
text learning
system
Session 23/07/17 Accountin Relevant problem solving from Kieso,
-22 Sunday g for text Weygandt
Leases and
Warfield,
Chapter
21 Pages
1268-
1341

Relevant
Handouts
available
from
virtual
learning
system
Session 25/07/17 Quiz 3 Chapter 21
-23 Tuesday

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 Accounting Identify the types of accounting Kieso,
Changes changes. Weygandt
and Error and
Analysis Describe the accounting for Warfield,
changes in accounting Chapter
principles. 22 Pages
1342-
Understand how to account for 1409
retrospective accounting
changes. Relevant
Handouts
Relevant problem solving from available
text from
virtual
learning
system
Session 30/07/17 Accounting Understand how to account for Kieso,
-24 Sunday Changes impracticable changes. Weygandt
and Error and
Analysis Describe the accounting for Warfield,
changes in estimates. Chapter
22 Pages
Identify changes in a reporting 1342-
entity 1409

Relevant problem solving from Relevant

text Handouts
available
from
virtual
learning
system
Session 01/08/17 Accounting Describe the accounting for Kieso,
-25 Wednesda Changes correction of errors. Weygandt
y and Error and
Analysis Identify economic motives for Warfield,
changing accounting methods. Chapter
22 Pages
Analyze the effect of errors. 1342-
1409

Relevant problem solving from Relevant

text Handouts

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 available
from
virtual
learning
system
Session As per IUB Final Exam Chapters 18, 19, 21, 22 Kieso,
-26 Examinatio Weygandt
n Schedule and
Warfield,
Chapters
18, 19,
21, 22

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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