The Course Plan of: Principles of Accounting II (BACC 202)

The Instructor: Dr. Rabie Eid

eid@bau.edu.lb
Basic Information

Course Title: Principles of Accounting II

Code: BACC 202.
Hours: Lecture: 3 Credit: 3
Prerequisite: BACC 201
Academic Year/Level: Year: 1(2017/2018) Term: 2 (spring)
Section Day Time Place
(T1) Monday ( 11:00 - 12:30) Room 205 B.
Wednesday ( 11:00 - 12:30) Room 205 B.

1-Course Description and Overall Objectives:

This course is designed to familiarize students with accounting terminology and concepts.
Building on the foundation gained in the accounting Principles I. This course integrates
accounting principles and their applications to business objectives, financial statement
preparation , flow of funds, current assets non-current assets, short-term liabilities, inventory
methods and evaluation , and depreciation methods.

Course Objectives:

Explain Inventory costing methods, then covers the basics of Periodic and Perpetual inventory
methods, Inventory estimation methods. Current assets including Cash and Bank Reconciliation,
Accounts receivable and Fixed Assets. The main objective of this course is to introduce the
theoretical foundation of Current assets, and fixed assets of a profit seeking enterprise. The
course prepares the student to be capable of understanding the elements of the financial
statements.

2-Intended Learning Outcomes of the Course (ILOs):

(A) Through knowledge and understanding, students will be able to:

(K1) Identify the basis of measurement, presentation, and reporting the inventories and Cost of
goods sold calculation using various costing methods.

(K2) Recognize and understand the periodic versus the perpetual inventory methods..

(K3) Show the significance of alternative accounting procedures

(K4) List appropriate theories, principles, and concepts relevant to Cash, Inventories, Accounts
Receivable, and Long Term Assets.

(B) Through intellectual skills, students will be able to:

1
 (I1) Demonstrate appropriate judgment in selecting and presenting information using various
methods relevant to Current assets (Cash, Inventories, and Accounts Receivable) and Long Term
Assets.

(I2) Discuss a reasoned argument to the solution of familiar and unfamiliar problems relevant to
current and Long-Term assets as well.

(C) Through professional and practical skills, students will be able to:

(P1) Restructure, and develop practical activities using techniques and procedures appropriate to
Current and fixed assets.

(P2) Show how to change within the external and internal accounting environment.

(D) Through general and transferable skills, students will be able to:

(G1) present appropriate effective written and oral communication skills relevant to Current
assets and Long-Term assets.

(G2) solve problems relevant to financial accounting using ideas and techniques some of which
are at the forefront of the discipline.

3-Course Outline

# No .of sessions
wee Subject
k
1 Inventory Basics 2

2 Inventory Costing Under Periodic Method 2

3 Inventory Costing Under Perpetual Method 2

4 Estimating Inventories and LCM Rule 2

5 Internal Control Basics 3

6 Petty Cash Fund 1

7 Assessment I + Introduction Bank Reconciliation 2

8 Continue : Bank Reconciliation 2

9 Accounting for Receivables 2

10 Direct Write-Off Method 2

2
11 Formulation of Allowance 2

Assessment II + Introduction to Fixed assets Accounting Basics 2

12
13 Continue : Fixed assets Accounting Basics 2
14 Depreciation Methods 2

15 Disposal of Fixed Assets 2

16 Final Examination. 1

4- Teaching and Learning Methods:

The course comprises a combination of lectures, and case discussions.

Facilitates Required: Data Show.
5- Student Assessment Methods, Schedule and
Grading:

Assessment No. Type Start Submit Weight

week No. week No. %
1 Quiz 1 1 4 15
2 Quiz 2 5 7 15
3 Assessment 2 8 12 30
4 Final examination 1 16 40
Total 100

6-List of References:

(a) Weygandt, J. J., Kimmel, P. D. & Kieso, D.E., (2014) “Accounting Principles:
International Student Version” Wiley & Sons, Inc., 11th Edition.

(b) Course Notes:

Notes are handed out to the students throughout the semester.

Course Coordinator Head of Department

Dr. Mohammad Mandour Dr. Wagady Hegazi