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					                                 Hanyang International Summer School
                                “Fundamentals of Accounting Principles”
                                            3 credit hours
                                            Summer 2012

          Accounting is the language of business. It is the activity that provides the information about
          economic entities that are necessary for making sound decisions. In this course we will study
          the fundamental accounting principles and procedures. This will include a complete overview
          of the accounting cycle such as journalizing, posting and preparation of financial statements.


II.       Instructor:          Dr. Stan Vinson
                               Asst. Professor Business School
                               Northern State University
                               svinson@northern.edu

III.      REQUIRED TEXTS:

                  Fundamental Accounting Principles
                  John J. Wild, Ken W. Shaw and Barbara Chiappetta
                  19th Edition
                  McGraw Hill Publishing 2009
                  ISBN 13:978-0-07-337954-8

          Textbook’s supporting Web site: www.mhhe.com/wildAP20e


IV.       GRADING/EVALUATION POLICY

       Mid Term                100 points                          A = 315 - 400
       Final Exam              100 points                          B = 280 - 314
       Daily Problems          150 points                          C = 245 - 279
                                                                   D = 210 - 244
       Total Available         350 points                          F = less than 210 points


          TESTS: We will have two tests - a mid-term and final exam.




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V.    COURSE OBJECTIVE

         As the class evolves and as discussions progress other objectives will be introduced, the
         following are basics goals for the class.

            Understanding the fundamentals of the accounting cycle.
            Examining the accounting of Merchandising Operations.
            Accounting for Cash, Receivables and monitoring internal.
            Review of accounting for partnerships, corporations and proprietorships


VI.   PROPOSED CLASS SCHEDULE
          (subject to revision)


Week 1             The Accounting Cycle


                          Chapter 1 – Accounting in Business.

                          Chapter 2 – Analyzing and Recording Transactions

                          Chapter 3 – Adjusting Accounts and Preparing Financials


Week 2             Merchandising, Inventory and Internal Controls


                          Chapter 4 – Completing the Accounting Cycle

                          Chapter 5 – Accounting for Merchandising Operations

                          Chapter 6 - Inventories and Cost of Sales


                                         Mid-Term Exam



Week 3             Accounting Information Systems


                          Chapter 7 – Accounting Information Systems

                          Chapter 8 – Cash and Internal Controls

                          Chapter 9 – Accounting for Receivables


                                                 2
Week 4                 The Basics of Accouting


                              Chapter 10 – Plant Assets, Natural Resources, and Intangibles

                              Chapter 11 – Current Liabilities and Payroll Accounting

                              Chapter 12 – Accounting for Partnerships



                                                   Final Exam


VIII.   GENERAL COMMENTS:

        Teaching and discussing the Fundamentals of Accounting, is, as life, a work in progress. While
        considerable attention and study has been given to make sure the syllabus, books and classroom
        presentations will deliver a quality learning and education – please recognize that changes in schedule
        are probable, if not eminent. To that end we would ask for your patience and understanding when hit
        those bumps in the road.

        Also, we look forward to your feedback and insights on our classes along the way as well as at the end
        of the session. Without your thoughts – both positive and negative – making this class the success we
        know it can be will be difficult and much slower than we all hope.

        I look forward to seeing you in class and your active participation.

        Dr. Stan Vinson




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