中级财务会计(英文)课程授课教案

Inter ACCT

中南财经政法大学会计学院

School of Accouting, Zhongnan University of Economics & Law

中级会计学(英文) 课程

(Intermediate Accounting)

授课教案

(Teaching plan)

《中级财务会计》教学小组编写

Teaching Team of Intermediate Accounting

2006年2月修订

(Feb.2006)

Inter ACCT

Teaching Arrangement

1 Time allocation

The total class hour is 51, with 3 scores. Lectures in class are divided into 4 teaching units. The time allocation for each teaching unit is as follows:

2 Teaching methods

This course mainly adopts lecture in class, with the help of multimedia. We also allocates some presentations after group discussion out of classroom. It is taught either in English or in the combination of both English and Chinese.

Teaching Materials

1. Textbook

《中级会计学》（高等学校会计学类英文版教材），高等教育出版社，2005年1月第1版 (Intermediate Accounting, 9E, by Loren A. Nikolai John D. Bazley)

Inter ACCT

2. References

A. 《中级会计学》（会计类原版教材影印系列），中国财政经济出版社，2002年11月第1版(Intermediate Accounting, 14E, by Earl Kay Stice, James D. Stice, K. Fred Skousen )

B. Statements of Financial Accounting Standards, by FASB

C. International Accounting Standards / International Financial Reporting Standards

D. Chinese Accounting Standards for Enterprises

3. Related intenet web sites

A. FASB http://www.77cn.com.cn

B. IASB http://www.77cn.com.cn

C. the Nikolai and Bazley Intermediate Accounting web site http://www.77cn.com.cn ）

Teaching Content

Lesson 1: THE ENVIRONMENT OF FINANCIAL REPORTING

Learning Objectives

After careful study , students will be able to:

1. Understand accounting information.

2. Know what is included in financial reporting.

3. Explain generally accepted accounting principles (GAAP) and the sources of GAAP in U.S.A.

4. Identify the types of pronouncements issued by the FASB.

5. Understand how the Financial Accounting Standards Board (FASB) operates.

6. Describe the relationship between the Securities and Exchange Commission (SEC) and the FASB.

7. Understand ethical dilemmas of Accountants.

8. Know the difference of accounting standards development between China and U.S.A.

Teaching Hours

3 hours

Teaching contents

This lesson will begin with some forewords about the course to let students know exactly the course nature, objectives, requirements etc. Then the five sections of this lesson will be discussed logically.

1. Accounting information: users, uses, and GAAP in U.S.A.

With the discussion of capital markets, accounting information will be induced. Accounting, the "language of business," has been described as the process of identifying, measuring, recording, and communicating economic information to permit informed judgments and decisions by users of information. Accounting provides a link between the economic activities of a company and decision makers who are interested in the company. These decision makers who use accounting information can be divided into two major groups: external users (such as investors) and internal users (the company's management). Because of their different relationships to the company, the two groups have somewhat dissimilar

Inter ACCT

information needs. Questions will be raised as to examples of external users and internal users and their different information needs.

Then differences of financial accounting and managerial accounting will be discussed. Financial accounting is the information accumulation, processing, and communication system designed to satisfy the investment and credit decision-making information needs of external users. Financial accounting information is presented in published financial statements. Managerial accounting is the information accumulation, processing, and communication system designed to meet the decision-making information needs of internal users. The format for internal reports is determined by the company. The system is constrained by the need for information and the cost of providing that information. After students got an overall impression about accounting and accounting information, focus will be conducted to financial accounting and financial reporting.

Financial reporting is the process of communicating financial accounting information about a company to external users, primarily through the company's annual report. The annual report includes three major financial statements: the balance sheet, income statement, and statement of cash flows, as well as notes to the financial statements. Many companies include the statement of changes in stockholders' equity as a fourth major financial statement. Most financial statements are audited by an independent certified public accountant, who expresses an opinion as to the fairness, in accordance with generally accepted accounting principles, of the financial statements and accompanying notes.

In its audited financial statements, a company must follow generally accepted accounting principles (GAAP), the guidelines, procedures, and practices required for recording and reporting accounting information. GAAP define accepted accounting practices and standards of reporting at a particular time. They have evolved over many years, with the involvement of different policy-making bodies. Emphasis should be put to students that there is no single document including all of the standards for accounting, although the FASB Financial Accounting Research System (FARS) includes most accounting standards in its electronic data base.