Lesson Plan

Week 01: Introduction of subject and basic concepts overview

Week 02:Accounting Information: A Means to an End .Accounting from a User’s Perspective Types of Accounting Information . Accounting Systems .Determining. Information Needs .The Cost of Producing Accounting Information . Basic Functions of an Accounting System .Who Designs and Installs Accounting Systems? .Components of Internal Control .Financial Accounting Information .External Users of Accounting Information .Objectives of External Financial Reporting .Characteristics of Externally Reported Information 

Week 03: Introduction to Financial Statements, A Starting Point: Statement of Financial Position,  Assets,  Liabilities,  Owners’ Equity,  The Accounting Equation

Week 04:Income Statement,  Statement of Cash Flows,  Relationships among Financial Statements,  Financial Analysis and Decision Making,  Forms of Business Organization,  Sole Proprietorships,  Partnerships,  Corporations,  Reporting Ownership Equity in the Statement of Financial Position,  The Use of Financial Statements by External Parties

Week 05:The Role of Accounting Records,  The Ledger,  The Use of Accounts,  Debit and Credit Entries,  Double-Entry Accounting—The Equality of Debits and Credits

Week 06: The Journal, Posting Journal Entries to the Ledger Accounts (and How to “Read” a Journal Entry), Ledger Accounts after Posting

Week 07:What Is Net Income? Retained Earnings, The Income Statement: A Preview, Revenue, Expenses, The Accrual Basis of Accounting, Debit and Credit Rules for Revenue and Expenses, Dividends

Week 08: The Trial Balance,  Uses and Limitations of the Trial Balance

Mid Term:

Week 09: The Accounting Cycle: Accruals and Deferrals

Week 10: The Accounting Cycle: Accruals and Deferrals

Week 11: Reporting Financial Results in accounting cycle 

Week 12: Reporting Financial Results in accounting cycle 

Week 13: Merchandising activities 

Week 14:Merchandising activities 

Week 15: Financial Assets 

Week 16: Financial Assets  

Final Term