Principles of Accounting Information

Course Introduction

Ewha Womans University

Seung-youb Han
※ This lecture material is for educational purposes only and is not for commercial purposes.
Unauthorized copying or distribution for purposes other than learning is strictly prohibited.
A. Lecturer
• Name: Seung-youb Han

• Education
- 2015-2019, Seoul National University, Graduate School of Business (Ph.D)
- 2011-2013, University of Texas at Austin, McCombs School of Business (MBA)
- 1998-2005, Seoul National University, College of Business Administration (BBA)

• Certificate: CPA (2003, exam passed and 2008, registered on KICPA)

CTA (2003, exam passed and 2004, registered on MoFS)

• Working Experience
- 2020.3-2024.2, Hongik University
- 2019.1-2020.2, Financial Supervisory Service (Insurance accounting)
- 2013.6-2015.2, Financial Services Commission (Capital market investigation)
- 2005.1-2011.6, Financial Supervisory Service (Audit review, Pension)
- 2003.12-2004.3, Samil PWC Accounting Firm (External audit)
* CPA Test Examiner at 2021 1st, 2022 1st, and 2022 2nd
A. Lecturer
• Current Job Positions
- 2024.3-, Ewha Womans University (Assistant Professor)
- 2020.7-, KAA Insurance Subcommittee Member
- 2023.10-, FSS Accounting Practice Council External Member
- 2023.10-, FSS Accounting Supervision Department Advisory Professor
- 2024.1-, KAIA Executive Director
- 2023.5-, KSPF Fund Management Council Member
- 2023.5-, KID Insurance Policy Evaluation Member
- 2022.6-, NHIS Handicapped Aid Benefit Evaluation Member

• Research Interest
- Insurance (IFRS 17)
- Financial instruments (IFRS 9, IAS 32)
- Financial Disclosure, Analyst Forecasts, and Capital Market
- Public Accounting: Government and Not-for-Profit Organization
B. General
• Contact: (Email) goodwillhan@ewha.ac.kr, (Phone) +82-10-5696-7881
cf. T/A: TBD

• Class hour: Tuesday 09:30-10:45, Friday 11:00 – 12:15

(#508 Shinsaegae Bldg.)

• Office hour: Thursday 11:00-12:15, Friday 14:00-15:15

or appointment via email

• Class Disclaimer
- Throughout the semester, students are basically required to:
i) set up effective learning environments before class,
e.g., downloading (or printing) lecture notes, reading uploaded news articles
ii) actively participate the class, and
e.g., prompt response to in-class questions
iii) be aware of all the notices and materials uploaded at ‘Cyber Campus’
B. General
• Additional Class Disclaimer on Language Usage

- (Korean students) Given this course is a basically ENGLISH-run class,

i) you should try to be familiar with English (approximately 75%); and
i.e., English will be our primary language in class
ii) both Korean and English are allowed for students
when making (or emailing) a question or participating in discussion

- (International students) Given the basic purpose of this course,

i) we will learn primary accounting terms in both English and Korean;
i.e. this is not English class, but ACCOUNTING class run in English
cf. An accounting glossary template will be provided for self-studying
ii) supplementary explanation will be given in Korean during class, if necessary ;
e.g. complicated, vague, or key concepts
iii) we will cover Korean materials (e.g, news articles) in special lectures; and
iii) Korean practice problems will be additionally provided for self-practice
B. General
• Additional Class Disclaimer on Fair Class Running
- Students are not allowed to use ANY class materials (e.g., lecture notes,
prior exam questions) for commercial purposes by the school regulation
- Students are asked to inform the lecturer (potential) unfair or fraudulent
behaviors anonymously conducted via the online channel (e.g., EVERYTIME)
- Students will be given extra credit according to their contribution to detecting
and preventing misconducts in terms of fair class running
C. Grade
• Grade
- (Composition) - (Distribution)
Attendance 10% A+/A0/A- 40%
Exam: 85% B+/B0/B- 40%
Midterm 40% C+/C0/C- and under 20%
Final 45% Total 100%
Assignments: 5%
* This is a rough outline of letter grades
Financial Statement Analysis so minor adjustments could be made
Total 100% based on the actual distribution

+ Class participation +α * Those retaking the class (i.e., C+ and under

letter grader in the past) will receive a letter
* Class participation will be subjectively evaluated grade of A- or under A-
* Extra credit can be given for active participation * F-grade will be given for students who fail to
- Active Q&A: +1 (Good), +2 (Excellent) satisfy basic course requirements
D. Evaluation
• Attendance [10%]
- Attendance check at the beginning of each class
- 2 lateness = 1 absence, 1 (0.5) points deduction per 1 absence (lateness)
- 1 absence allowed without notice
- Formal documents required for an excuse of further absences
→ N/A (up to 1 absence or 2 lateness), -1.5 (1 absence and 1 lateness),
-2 (2 absences), … , -9.5 (9 absence and 1 lateness), F grade (10 absences +)

• Exam [85%]
- Mix of True/False, Calculation, and Open-ended questions
- Simple calculator required with no memory function
- 2 page hand-written cheat sheet is allowed for each exam
- F grade for no exam participation or cheating in addition to school penalty
- No make-up tests are provided in principle
* Ex ante consulting with the instructor is required if students think they cannot take an exam
- Details on the midterm and final exams will be announced later
D. Evaluation
• Cheat Sheet
- Summary note of your own
(Key words and concepts)
- Up to 2 pages for midterm and final,
respectively
- Only hand-written allowed
(No Computer-based)
- Facilitate your studying
- Alleviate your study burden
(Understanding > Memorization)
D. Evaluation
• Assignment [5%]
- Individual assignment
- Financial statement analysis and firm valuation as follows:
i) choose a firm you are interested in;
ii) conduct quantitative analyses using a given template;
iii) conduct qualitative search;
iv) estimate firm value and compare it with stock price; and
v) make your own investment decision (buy, hold, or sell)
- Submit by email to T/A
- Five points will be given unless you fail to
i) complete the assignment or
ii) meet the submission deadline (1 point deduction per 1 day delay)
- Up to 5 selected or voluntary presenters will receive two extra points
- Details on the assignment will be announced later
E. Lecture Materials
• Textbook:
Financial Accounting with International
Financial Reporting Standards,
Weygandt, J. and P. Kimmel,
2023 (2018), 5th (4th) Edition, Wiley

• Lecture notes and practice problems:

Regularly uploaded at Cyber Campus
(https://cyber.ewha.ac.kr)

• Supplementary:
사례와 함께하는 회계원리(제4판).
최종학, 송혁준, 이우종, 최선화 저. 2022.
F. Others
• Personal Consultation
- Required to make an appointment in advance via email or text message
- Strongly recommended to submit a self-introduction essay prior to the meeting

※ (Guide) Self-introduction essay

- Around 1 page with the following elements (but not restricted)
▪ Photo (that well represents yourself)
▪ Personal information (name, major, etc.)
▪ Contact information (e-mail address, mobile phone number, etc.)
▪ Topics you wish to talk about (e.g., career plan, personal issues, etc.)
▪ Anything else you want to tell or share with me
F. Others
• Course schedule
- Tentative and changeable based on the progress in class
- The scope of special lectures may change, depending on the course tempo

• Supports for the diabled

- Provided when requested (e.g., class seat disposition)

• Make-up class for the April 26 class: April 27. Sat. 11:00-12:15
cf. Classes during the midterm period for the liberal arts courses (April 24-26)
cannot be held according to the school policy

※ “File Name” Format you have to follow for proper submission

[Principles of Accounting Information] F/S analysis (Name)_Student ID
cf. 1 point deduction with a different file name format
The End