中级财务会计(英文)课程教学大纲Word格式.docx

1、This course is designed for undergraduate students majoring in accounting and auditing. It is arranged in the fourth or fifth semester. It is aimed to enhance students ability both in western accounting knowledge and professional English, and to improve competitive for their job.The teaching content

2、 and arrangements of this course should be strictly according to this teaching outline.Teaching ObjectiveAfter finishing learning this course, the students are required to understand the fundamenta western accounting theory, accounting concepts and the procedures and skills in dealing with the prepa

3、ration of financial statements. By comparing the major differences of accounting treatment between U.S.A and China, the students are required to make comments on Chinese and US accounting standards and make research on them.Teaching ContentLesson 1 THE ENVIRONMENT OF FINANCIAL REPORTINGForewordsI.Ac

4、counting information:users, uses, and GAAP in U.S.A.2. The development of accounting standards in U.S.A.2.1Brief history of development of accounting standards CAP, APB, FASB2. 2 Financial Accounting Standards Board （FASB）2.2.1Organization1.2.2Statements issued by FASB3. Other organizations currentl

5、y influencing GAAP in U.S.A.3.1 SEC, AICPA, EITF, CASB, IRS, AAA, IASC/IASB, GASB, professional organizations3.2 Relationship of organizations in current standard setting environment4. Ethics in the accounting environment5. Comparison of the development of accounting standards in China and in U.S.A.

6、 （Case）Lesson 2 FINANCIAL REPORTING: ITS CONCEPTUAL FRAMEWORK1. FASB conceptual framework1.1 General value of framework1.2 Nature and components of the FASBs conceptual framework2. Objectives of financial reporting3. Qualitative characteristics of accounting information-11-3. 1Hierarchy of qualitati

7、ve characteristics3.2 Pervasive constraint:benefits cost3.3 Primary decision-specific qualities.3.3.1. Relevance3.3.2. Reliability3.4 Secondary decision-specific qualities- Comparability and consistency3.5 Threshold for recognition:materiality.4. Accounting assumptions and conventions4.1 Assumptions

8、- Entity, Continuity （going-concern）, Period of time, Monetary unit4. 2 Conventions- Historical cost,Realization and recognition, matching and accrual accounting,Conservatism （prudence）5. Elements of financial statements5.1 Balance sheet Asset, Liability, Equity5.2 Income statement Revenue, Expenses

9、, Gains, Losses5. 3Statement of cash flowsOperating cash flows, Investing cash flows, Financing cash flows5.4Statement of changes in equityInvestment by owners, Distribution to owners6. Comparison of accounting concepts in China and in U.S.A.（Case）Lesson 3 THE BALANCE SHEET AND STATEMENT OF CHANGES

10、IN STOCKHOLDERS EQUITY1. Interrelationship of financial statements2. Elements of the balance sheet3. Measurement of the elements of the balance sheet4. Reporting classifications on the balance sheet4. 1 Asset and liability classifications4. 2 Conceptual guidelines for reporting assets and liabilitie

11、s4. 3Stockholders equity classifications5. Limitations of the balance sheet6. Statement of changes in stockholders equity II Other disclosure issues8. Reporting techniques9. Balance Sheet analysisLesson 4 THE INCOME STATEMENT AND INCOME RECOGNITION1. Concepts of income1. 1Capital maintenance1. 2Tran

12、sactional approach2. Elements of the income statement3. Income statement content3.1 Income from continuing operations3.2 Results from discontinued operations3.3 Extraordinary items3.4 Effects of accounting changes3.5 Earnings per share4. Income statement formats4.1 Single-step4.2 Multiple-step5. Lim

13、itations of the income statement6. Income Statement analysis7. Comprehensive income8. Conceptual issues of revenue recognition8.1 Revenue recognition criteria8.2 E conomic substance versus legal form8.3 Transfer of risks and benefits8.4 Collectibility of receivable9. Revenue recognition alternatives

14、9.1 Normal revenue recognition9. 2 Revenue recognition prior to the period of sale9. 3 Revenue recognition after the period of saleLesson 5THESTATEMENT OF CASH FLOWS1. Conceptual overview and uses of the Statement of Cash Flows2. Structure of the Statement of Cash Flows2.1 Three categories of cash flows.2.2 Supplemental disclosures3. Reporting Cash Flow From Operations3.1 Operating cycle3.2 Two methods3.2.1 Direct method- Illustration3.2.2 Indirect method- Illustration4. Preparing a complete Statement of Cash FlowsA six-step process for preparing a statement of cash flows.5