|Field of Study||Business|
|Professor||Minwoo Lee (email@example.com)|
|Delivery Type||Online Track (100% online course): Pre-recorded|
This is an introductory course that covers both financial and managerial accounting. It provides the students with introductory materials to promote understanding of financial accounting information and managerial tools needed by corporate professionals as internal users of accounting information. Students will learn how to use accounting information for decision-making purposes from the user’s perspective.
* This course deals with basic accounting concepts and principles in gathering, summarizing, and reporting financial data of business organizations for the external users. Based on the understanding of these materials, the course extends to managerial accounting concepts and tools for planning and control decisions for internal users. Successful completion of this course help you possess basic accounting knowledge and develop analytic and problem-solving skills required to manage the financial aspect of the organization.
Field Trip / Invited Speaker
Depending on the schedule and students’ interest, the instructor may be able to arrange a 2-3 hour field trip and plans for the students to get the “feel” of the accounting field. Students have an opportunity of hearing from accountants about how accountants aid in business/financial decisions, and planning/control and employment opportunities as well. The instructor will be contacting some accountants in Korea. Instead of the field trip, we could arrange to invite an accountant to speak in class.
* Text: Survey of Acounting, 5th ed. by Edmonds, Edmonds, Olds, McNair, and Tsay,
2018, McGraw-Hill Irwin.
* Text: Introduction to Managerial Accounting, 8th ed. by Brewer, Garrison and
Noreen, 2019, McGraw Hill-Irwin.
* Lecture notes (chapter outlines), practice questions, solutions for homework,
and other materials related to the course are provided by the instructor.
Class 1: I. Overview Ch. 1 An Introduction to Accounting Financial Statements
Class 2: Ch. 2 Accounting for Accruals and Deferrals
Class 3: II. Accounting for Assets Ch. 3 Merchandising Operations
Class 4: Chs. 4, 5 Inventories, Receivables, Cash, and Statement of Cash Flows
Class 5: Ch. 6 Reporting and Analyzing Long-Term Assets
Class 6: III. Accounting for Liabilities and Equity Ch. 7 Reporting and Analyzing Liabilities
Class 7: Ch. 8 Reporting and Analyzing Stockholders’ Equity
Class 8: Mid-Term Exam
Class 9: IV. Accounting for Manufacturing Ch. 10 An Introduction to Management Accounting Ch. 12 Cost Basics Costing Process
Class 10: V. Cost Analysis and Managerial Decisions Ch. 11 Cost Behavior and Cost-Volume-Profit Analysis
Class 11: Ch. 13 Relevant Information for Special Decisions
Class 12: VI. Planning and Control Ch. 14 Planning for Profit and Cost Control
Class 13: Ch. 15 Performance Evaluation
Class 14: Special Session, Game, Comprehensive Review
Class 15: Final Exam
|Last Updated||April 16, 2021|