East West University

Department of Business Administration

(MBA/EMBA Program)
Lectures and Examinations Plan
General Information:
 Course Title : Financial Accounting

 Course Code : MBA - 501

 Class Schedule : Friday from 3:00 PM to 6:00 PM

 Course Teacher : Md. Nurul Hoque

MBM (UK),MBA (ACC), DAIBB(IBB), BCS (EDU) & ICMA(Part: 3).
General Manager
Sonali Bank Limited
Part time teacher : EMBA (DU) , IBB(BB), BAFEDA,SBSC and EWU
 Contact details : Phone no. 01711971494, 01708128981, 9332302(R).
Email- Nurul.hoque@ewubd.edu and
dgmnurulhoque@yahoo.com
 Text books : 1. Accounting Principles, Jerry J. Weygand, Paul D. Kimmel
Donald E. Kieso, 12th Edition, International student’s version.
: 2. Lecture sheets of course teacher.
 Reference Book : Accounting Principles, Roger H. Herman son, James Don
Edward sand and Michael W. Maher.

 Course Objectives :
Development of an understanding regarding Accounting Principles, Rules,
concepts and practices, analyzing transactions and preparing major
financial statements and reporting. The real focus of the course is on
uncovering the roles of accounting information in decision making. Upon
successful completion of the course, students will have an understanding in
preparing financial statements, to interpret major accounting information
independently with the style of reading, preparing the financial statements
as the regulatory requirements both national and international standard.
 Lecture and Examination Plan
Lecture Topics / Details Reference
Class -01 Chapter-01 : Basic of Financial Accounting Ch-01
Friday(3-6 Contents:
pm) a) Introduction, Concepts, Rules and principles of Financial
Accounting, Overview of the Accounting Process,
Accounting information, Terminologies, Accounts, Sources
of documents and overview on financial statements.
B) Transactions, Double Entry System, Accounts and Rules of
Identify the debit and credit aspects. Illustration on the
transactions.
Class -02 Chapter 02 : Accounting Equation Ch-02
Learning Outcome:
Accounting Principles, Accounting Equation, and Preparation
Financial Statements and Users of Accounting information.
 Identify the users and uses of Accounting
 State the Accounting Equation and Define its
Components
 Analyze the effects of business Transactions on the
Accounting equation.
 Understand and preparation of four components of
financial statements
Contents: The basic accounting equation, using of
Accounting Equation and Financial statements, Illustration on
the transactions & accounting equation.
Class -03 Chapter 03 : The Recording Process Ch-03
Learning Outcome:
 Define debits and credit and explain their use in
recording business transactions.
 Accounting cycle.
 What is Journal and how it helps in the recording
process?
 What a ledger is and how it help in the recording
process?
 Prepare a Trail Balance and explain its purposes.
Contents: The Accounts, Steps of Recording Process, The
Recording Process Illustration, Journal to Trial balance.
Class -04 Chapter 04: Adjusting the Accounts Ch-04
Learning Outcome:
 Explain the Accrual Basis of Accounting
 Explain the Reasons for Adjusting Entries
 Identify the Major types of Adjusting Entries
 Describe the Nature and Purpose of an Adjusted Trial
balance & financial statements.
Contents: Timing Issues, The Basics of Adjusting Entries,
preparation work sheet and Adjusted Trial Balance with
Financial Statements- Preparation of income statement & Balance
sheet.
 Topics/ Details

Class -05 Quiz 1

First Mid Term Test. Ch-1,2 ,3 & 4

Class -06 Chapter 05: Accounting Cycle and Preparation of Ch-05

final account
Learning Outcome:
 Prepare final accounts with adjustments.
 Various adjusting entries.
 Explain the Process of Closing the Books.
 Describe the Contents and Purpose of a Post-Closing
Trial Balance.
 State the Required Steps in the Accounting Cycle
 Preparation of Final Account
 Classification of assets–liabilities
Contents: Preparing a working sheet for adjusting entry, Closing
the Books, Summery of the Accounting Cycle, The
Classification of assets and liability & preparation of Final
Account.
Class -07 Chapter 06: Accounting for Merchandising Operations Ch-06
Learning Outcome:
 Explain the Recording of Purchases and Sales Under a
Perpetual & periodic Inventory System.
 Steps in the accounting cycle to a merchandising
company.
 Describe merchandising operation.
 Distinguish between a Multiple-Step and a Single-step
Income Statement & classified balance sheet.
 Determining cost of goods sold under a periodic system.
Contents: Merchandising Operations, Recording Purchases of
Merchandise, Recording Sales of Merchandise, Completing
the Accounting Cycle, Forms of Financial Statements (income
statement & balance sheet).
L-08 Chapter 07: Inventories Ch-07
Learning Outcome:
 Classify and determine inventory.
 Explain the Accounting for Inventories and Apply the
Inventory Cost Flow Methods & their effects in financial
statements.
 Explain the Financial effects of the inventory cost flow
Assumptions
 Explain the Lower-of-Cost-of-Market Basis of Accounting
for Inventories
 Compute and Interpret the Inventory Turnover Ratio
 Cost flow methods to perpetual Inventory records &
inventory costing under FIFO, LIFO, WA & Average
method.
Contents: Classification Inventory, Determining Inventory
Quantities, Inventory Costing, inventory shrinkage, Statement
of costs Presentation and Analysis.
Lecture Topics/ Details Reference

Friday Quiz -2 Ch-5,6 & 7

Class-09 Second Mid Term Test.

class-10 Chapter 08: Fraud, Internal Control and Cash Ch-08

Learning Outcome:
 Define Fraud and Internal Control.
 Explain Applications of Internal Control Principles to
Cash Receipts and Cash Disbursement.
 Cash and equivalent to cash.
 Cash book balance in the ledger and balance as per
bank statement.
 Indicate the Control Features of a Bank Account
 Prepare Bank Reconciliation under adjusted cash book
and corrected cash book.
Contents: Fraud, Internal Control and Cash. Illustration- bank
reconciliation statement.
Class -11 Chapter 09: Financial Statement Analysis Ch-09
Learning Outcome:
 Identify the Tools of Financial Statement Analysis.
 Need for comparative analysis.
 Horizontal and vertical analysis. Analysis by using
different ratios.
 Identify and Compute Ratios used in Analyzing a Firm’s
Liquidity, Profitability and Solvency.
 Understand the Concept of Earning Power and how
apply the concept of sustainable income.
Contents: Basics of Financial Statement Analysis, Horizontal
Analysis, Vertical Analysis and Ratio Analysis.

Class -12 Chapter-10: Statement of Cash Flow Ch-10

Learning Outcome:
 Indicate the Usefulness of the Statement of Cash Flows
and classification of cash flows.
 Sources of cash flows.
 Non-cash activities and its significant.
 Distinguish Among Operating, Investing and Financial
Activities.
 Format of statement of cash flows and analysis of
statement of cash flows.
 Prepare a Statement of Cash Flows Using the Indirect
method and direct method
Contents: Usefulness and Format of a Cash Flow Statement
& Preparing the Statement of Cash Flows

Individual / Group Assignment Submission. Ch-01 to 10

Class -13 Final Examination Ch-8,9 &10