Jiangxi University of Finance and Economics-International School
Fundamental Accounting Principles

GENERAL INFORMATION
COURSE TITLE:         Fundamental Accounting Principles
COURSE CODE:          104400804
INSTRUCTOR:          吕晓梅、谢波、王宏、陈婕、蒋珩、黄蕾、高吟
OFFICE HOURS:        By appointment 
                      吕晓梅 1444631498@qq.com                       
CREDIT:              4
TIME:                2  class-hours each session, two sessions each week
COURSE LENGTH:       16 weeks
REQUIRED TEXTBOOK:  John J. Wild, Barbara Chiappetta, Fundamental Accounting Principles, 25th edition.

COURSE DISCRIPTION:
This course emphasizes the understanding of fundamental accounting principles and procedures and will develop the student’s accounting problem-solving ability. It provides basic knowledge in preparing, processing and interpreting the data about business transactions for different types of accounting information users. By developing a background for understanding and reading companies’ financial reports and for assessing company’s financial position and making managerial decisions, the course equip the students with a comprehensive idea of accounting information system and specific accounting techniques.

COURSE LEARNING OBJECTIVES:
The course aims to provide a broad introduction to the study of fundamental accounting principles. By the end of this course, students are expected to have attained the following objectives:
1.	To provide knowledge in the basic principles of accounting.
2.	To furnish an appreciation of basic bookkeeping and transaction analysis.
3.	To ensure an understanding of journals, ledgers and the steps of the accounting cycle.
4.	To know how to account for asset, liability and ownership accounts and comprehend financial statements.
5.	To yield a degree of competence in the application of accounting principles.
6.	To demonstrate a degree of competence in critical thinking.
Note: Students will demonstrate achievement of course learning objectives by completion of homework assignments, projects and presentation, class discussions and activities, quizzes and/or examinations.

INSTRUCTIONAL METHODS:
The course of study will consist of lectures, reading assignment, homework problems, class discussions and activities, and examinations.

ATTENDANCE POLICY:
Class attendance is requirement of this course. Students are required to attend each class, and remain in class for the entire session, unless conditions over which they have no control prevent their being present and/or remaining for the entire class session. Three (3) unexcused absences will result in the student receiving a grade of F for the course.

PREPARATION FOR CLASS
Prior to each class session, students are required to complete the reading and homework problem assignments prescribed in last session. A short quiz may be given each week on the assigned readings.

ASSESSMENT OBJECTIVES:
Candidates should be able to demonstrate:
Knowledge and understanding of  
1.	Fundamental financial and accounting concepts, principles and practices related to the recording and presentation of business transactions and events.
2.	specific information needed to monitor and manage the financial status and to make decisions related to the financial management of the business
Ability to
1.	explain and analyze accounting concepts and principles
2.	select and apply accounting concepts and principles to data processing concerning business transactions and events
3.	complete the series of accounting procedures using Journal, Ledger, Trial Balance, Financial Statements and so on.
4.	interpret financial accounts and draw conclusions
5.	evaluate accounting information for decision making by using all analyzing tools


ASSESSMENT
The assessment will be on the following basis:
Off-line Final Examination	                                                                                                                                    50%
On-Line/off-line  Mid-term Examination	                                                                                                                   10%
Other(Quiz, class attendance, Case Discussion, Paper and PPT Presentation,Homework assignments etc. )               40%
Total:                                                                                                                                                                          100% 
To achieve a pass grade in this course, students must obtain 60% or more as an aggregate mark on the assessment.

SCHEME OF EXAMINATION:
Mid-term Examination:
Part I: Multiple Choice
From the following five answers available, choose the best one. Only one answer is needed. (25%)
Part II: True or False
Make a judgment on True or False of ten statements on entire syllabus. You just have to judge it’s true or false. There’s no need to correct the false statement.   (15%)
Part III: Problems
Work out solutions to 4 or 5 numerical problems on entire syllabus with various degree of complication. (60%)


Final Examination:
Part I: Multiple Choice
From the following five answers available, choose the best one. Only one answer is needed. (15%)
Part II: True or False
Make a judgment on True or False of ten statements on entire syllabus. You just have to judge it’s true or false. There’s no need to correct the false statement.   (10%)
Part III: Problems
Work out solutions to 4 or 5 numerical problems on entire syllabus with various degree of complication. (55%)
Part IV Terms 
Explain five basic concepts. (10 points)
Part V Questions
Briefly answer two questions. (10 points)

The course aims to provide a broad introduction to the study of fundamental accounting principles. By the end of this course, students are expected to have attained the following objectives:
1. To provide knowledge in the basic principles of accounting.
2. To furnish an appreciation of basic bookkeeping and transaction analysis.
3. To ensure an understanding of journals, ledgers and the steps of the accounting cycle.
4. To know how to account for asset, liability and ownership accounts and comprehend financial statements.
5. To yield a degree of competence in the application of accounting principles.
6. To demonstrate a degree of competence in critical thinking.

Note: Students will demonstrate achievement of course learning objectives by completion of homework assignments, projects and presentation, class discussions and activities, quizzes and/or examinations.