BSAM0002 Introduction to Accounting
|Course Title||Introduction to Accounting|
|Class Date||18, 19, 20, 21, 24 and 25 July 2023
(26 July 2023 is reserved for class make-up in case there is any cancellation of classes due to bad weather or other unexpected factors.)
|Class Time||1:00pm – 3:30pm|
|Teacher||Prof. Janja BRENDEL
|More about CUHK School of Accountancy & CUHK Business School:|
|Medium of Instruction||English|
|Course Description||Accounting means more than just crunching numbers. The public often thinks that accountants are simple bean counters who help individuals and businesses complete their tax returns or keep their books. However, accounting is more than that! Unfortunately, many people lack an understanding of the many other facets of accounting.
In the real business world, accounting includes many areas such as setting up an accounting system, preparing financial statements and reports, analyzing financial statements, planning, and budgeting for a business, attracting and managing investment capital, securing loans, analyzing and managing costs, making purchase decisions, providing financial insight and advice to business owners and managers, as well as preventing and detecting fraudulent business activities.
Accounting provides the vocabulary that businesses use to talk to us about their operations. In short, accounting is the language of business, and this course provides you with a foundation in accounting to help you speak and understand the language of business. This course will expose you to some of the key issues and topics in the areas of financial accounting and managerial accounting.
|Course Content||Day 1: Introduction to Accounting – Setting Up the Accounting System and Recording Accounting Transactions
Day 2: Preparing Income Statements and Balance Sheets
Day 3: Reporting on Financial Statements
Day 4: Planning and Budgeting and Making Informed Business Decisions
Day 5: Detecting Financial Fraud
Day 6: Course Assessment and Wrap Up
|Recommended Reading(s) / Reference(s)||To be provided at the start of the course if any|
|Course Assessment||Participation (20%)
Assignments and quizzes throughout the course (30%)
Final Examination (50%)
|The above course information is subject to change and approval.|
|Last updated on 27 February 2023|