物流專業(yè)課程大綱Course Outline International Accounting II.docx

1、CourseDescriptionsoftheJointProgramofSoochowUniversity,China,andUniversityofVictoria,CanadaCourseTitle:InternationalAccountingIICourseNumber:TeachingHours:Credits:Pre-requisitecourses:I. CourseDescription:Financialaccountingprovidesinformationtopeopleoutsideofthecompany.Inthisintermediateaccountingc

2、ourse,thestudentslearnaboutfinancialaccountingaspracticedintheU.S.A.II. CourseBooks:IntermediateAccounting,6thEdition,bySpiceland,Sepe,Bamber,andNelson(McGraw-HillIrwin,ISBN0-07-811083-1).III. CourseOutlineCHAPTER1：ENVIRONMENTANDTHEORETICALSTRUCTUREOFFINANCIALACCOUNTINGLearningObjectives1. Describet

3、hefunctionandprimaryfocusoffinancialaccounting.2. Explainthedifferencebetweencashandaccrualaccounting.3. Definegenerallyacceptedaccountingprinciples(GAAP)anddiscussthehistoricaldevelopmentofaccountingstandards.4. Explainwhytheestablishmentofaccountingstandardsischaracterizedasapoliticalprocess.5. Ex

4、plainthepurposeoftheFASBsconceptualframework.6. Identifytheobjectiveoffinancialreporting,thequalitativecharacteristicsoffinancialreportinginformation,andtheelementsoffinancialstatements.7. DescribethefourbasicassumptionsunderlyingGAAP.8. Describethefourbroadaccountingprinciplesthatguideaccountingpra

5、ctice.CHAPTER2:REVIEWOFTHEACCOUNTINGPROCESSLearningObjectivesAnalyzeroutineeconomicevents一transactions一andrecordtheireffectsonacompanysfinancialpositionusingtheaccountingequationformat.1. Recordtransactionsusingthegeneraljournalformal.2. Posttheeffectsofjournalentriestogeneralledgeraccountsandprepar

6、eanunadjustedtrialbalance.3. Identifyanddescribethedifferenttypesofadjustingjournalentries.4. Recordadjustingjournalentriesingeneraljournalformat,postentries,andprepareanadjustedtrialbalance.5. Describethefourbasicfinancialstatements.6. Explaintheclosingprocess.7. Convertfromcashbasisnetincometoaccr

7、ualbasisnetincome.CHAPTER3：THEBALANCESHEETANDFINANCIALDISCLOSURESLearningObjectivesDescribethepurposeofthebalancesheetandunderstanditsusefulnessandlimitations.1. Distinguishamongcurrentandnoncurrcntassetsandliabilities.2. Identifyanddescribethevariousbalancesheetassetclassifications.3. Identifyandde

8、scribethetwobalancesheetliabilityclassifications.4. Explainthepurposeoffinancialstatementdisclosures.5. Explainthepurposeofthemanagementdiscussionandanalysisdisclosure.6. Explainthepurposeofanauditanddescribethecontentoftheauditreport.7. Describethetechniquesusedbyfinancialanalyststotransformfinanci

9、alinformationintoformsmoreusefulforanalysis.8. Identifyandcalculatethecommonliquidityandfinancingratiosusedtoassessrisk.9. DiscusstheprimarydifferencesbetweenU.S.GAAPandIFRSwithrespecttothebalancesheet,financialdisclosures,andsegmentreporting.CHAPTER4:THEINCOMESTATEMENTANDSTATEMENTOFCASHFLOWSLearnin

10、gObjectivesDiscusstheimportanceofincomefromcontinuingoperationsanddescribeitscomponents.1. Describeearningsqualityandhowitisimpactedbymanagementpracticestomanipulateearnings.2. Discussthecomponentsofoperatingandnonoperatingincomeandtheirrelationshiptoearningsquality.3. Definewhatconstitutesdiscontin

11、uedoperationsanddescribetheappropriateincomestatementpresentationforthesetransactions.4. Defineextraordinaryitemsanddescribetheappropriateincomestatementpresentationforthesetransactions.5. Describethemeasurementandreportingrequirementsforachangeinaccountingprinciple.6. Explaintheaccountingtreatments

12、ofchangesinestimatesandcorrectionoferrors.7. Defineearningspershare(EPS)andexplainrequireddisclosuresofEPSforcertainincomestatementcomponents.8. Explainthedifferencebetweennetincomeandcomprehensiveincomeandhowwereportcomponentsofthedifference.9. Describethepurposeofthestatementofcashflows.10. Identi

13、fyanddescribethevariousclassificationsofcashflowspresentedinastatementofcashflows.11. DiscusstheprimarydifferencesbetweenU.S.GAAPandIFRSwithrespecttotheincomestatementandstatementofcashflows.CHAPTER5：INCOMEMEASUREMENTANDPROFITABILITYANALYSISLearningObjectivesDiscussthegeneralobjectiveofthetimingofre

14、venuerecognition,listthetwogeneralcriteriathatmustbesatisfiedbeforerevenuecanberecognized,andexplainwhythesecriteriausuallyaresatisfiedataspecificpointintime.1. Describetheinstallmentsalesandcostrecoverymethodsofrecognizingrevenuefbrsometypesofinstallmentsalesandexplaintheunusualconditionsunderwhich

15、thesemethodsmightbeused.2. Discusstheimplicationsforrevenuerecognitionofallowingcustomerstherightofreturn.3. Identifysituationsthatcallfbrtherecognitionofrevenueovertimeanddistinguishbetweenthepercentage-of-completionandcompletedcontractmethodsofrecognizingrevenueforlong-termcontracts.4. Discussther

16、evenuerecognitionissuesinvolvingmultiple-deliverablecontracts,software,andfranchisesales.5. Identifyandcalculatethecommonratiosusedtoassessprofitability.6. DiscusstheprimarydifferencesbetweenU.S.GAAPandIFRSwithrespecttorevenuerecognition.CHAPTER6:TIMEVALUEOFMONEYCONCEPTSLearningObjectives1. Explaint

17、hedifferencebetweensimpleandcompoundinterest.2. Computethefuturevalueofasingleamount.3. Computethepresentvalueofasingleamount.4. Solveforeithertheinterestrateorthenumberofcompoundingperiodswhenpresentvalueandfuturevalueofasingleamountareknown.5. Explainthedifferencebetweenanordinaryannuityandanannui

18、tyduesituation.6. Computethefuturevalueofbothanordinaryannuityandanannuitydue.7. Computethepresentvalueofanordinaryannuity,anannuitydue,andadeferredannuity.8. Solveforunknownvaluesinannuitysituationsinvolvingpresentvalue.9. Brieflydescribehowtheconceptofthetimevalueofmoneyisincorporatedintothevaluat

19、ionofbonds,long-termleases,andpensionobligations.CHAPTER7:CASHANDRECEIVABLESLearningObjectivesDefinewhatismeantbyinternalcontrolanddescribesomekeyelementsofaninternalcontrolsystemforcashreceiptsanddisbursements.1. Explainthepossiblerestrictionsoncashandtheirimplicationsforclassificationonthebalances

20、heet.2. Distinguishbetweenthegrossandnetmethodsofaccountingforcashdiscounts.3. Describetheaccountingtreatmentformerchandisereturns.4. Describetheaccountingtreatmentofanticipateduncollectibleaccountsreceivable.5. Describethetwoapproachestoestimatingbaddebts.6. Describetheaccountingtreatmentofshort-te

21、rmnotesreceivable.7. Differentiatebetweentheuseofreceivablesinfinancingarrangementsaccountedforasasecuredborrowingandthoseaccountedforasasale.8. Describethevariablesthatinfluenceacompanysinvestmentinreceivablesandcalculatethekeyratiosusedbyanalyststomonitorthatinvestment.9. Discusstheprimarydifferen

22、cesbetweenU.S.GAAPandIFRSwithrespecttocashandreceivables.CHAPTER8:INVENTORIES:MEASUREMENTLearningObjectivesExplainthedifferencebetweenaperpetualinventorysystemandaperiodicinventorysystem.1. Explainwhichphysicalquantitiesofgoodsshouldbeincludedininventory.2. Determinetheexpendituresthatshouldbeinclud

23、edinthecostofinventory.3. Differentiatebetweenthespecificidentification,FIFO,LIFO,andaveragecostmethodsusedlodeterminethecostofendinginventoryandcostofgoodssold.4. Discussthefactorsaffectingacompanyschoiceofinventorymethod.5. UnderstandsupplementalLIFOdisclosuresandtheeffectofLIFOliquidationsonnetin

24、come.6. Calculatethekeyratiosusedbyanalyststomonitoracompanysinvestmentininventories.7. Determineendinginventoryusingthedollar-valueLIFOinventorymethod.8. DiscusstheprimarydifferencebetweenU.S.GAAPandIFRSwithrespecttodeterminingthecostofinventoryCHAPTER9：INVENTORIES:ADDITIONALISSUESLearningObjective

25、s1. Understandandapplythelowcr-of-cost-or-marketruleusedtovalueinventories.2. Estimateendinginventoryandcostofgoodssoldusingthegrossprofitmethod.3. Estimateendinginventoryandcostofgoodssoldusingtheretailinventorymethod,applyingthevariouscostflowmethods.4. Explainhowtheretailinventorymethodcanbemadet

26、oapproximatethelower-of-cost-or-marketrule.5. Determineendinginventoryusingthedollar-valueLIFOretailinventorymethod.6. Explaintheappropriateaccountingtreatmentrequiredwhenachangeininventorymethodismade.7. Explaintheappropriateaccountingtreatmentrequiredwhenaninventoryerrorisdiscovered.8. Discussthep

27、rimarydifferencesbetweenU.S.GAAPandIFRSwithrespecttothelowcr-of-cost-or-markctruleforvaluinginventory.CHAPTER10：PROPERTY,PLANT,ANDEQUIPMENTANDINTANGIBLEASSETS:ACQUISITIONANDDISPOSITIONLearningObjectivesIdentifythevariouscostsincludedintheinitialcostofproperty,plant,andequipment,naturalresources,andi

28、ntangibleassets.1. Determinetheinitialcostofindividualproperty,plant,andequipmentandintangibleassetsacquiredasagroupforalump-sumpurchaseprice.2. Determinetheinitialcostofproperty,plant,andequipmentandintangibleassetsacquiredinexchangeforadeferredpaymentcontract.3. Determinetheinitialcostofproperty,p

29、lant,andequipmentandintangibleassetsacquiredinexchangeforequitysecurities,orthroughdonation.4. Calculatethefixed-assetturnoverratiousedbyanalyststomeasurehoweffectivelymanagersuseproperty,plant,andequipment.5. ExplainhowtoaccountfordispositionsandexchangesforothernonmonetaryassetsIdentifytheitemsinc

30、ludedinthecostofaself-constructedassetanddeterminetheamountofcapitalizedinterest.6. Explainthedifferenceintheaccountingtreatmentofcostsincurredtopurchaseintangibleassetsversusthecostsincurredtointernallydevelopintangibleassets.7. DiscusstheprimarydifferencesbetweenU.S.GAAPandIFRSwithrespecttotheacqu

31、isitionanddispositionofproperty,plant,andequipmentandintangibleassets.CHAPTER11：PROPERTY,PLANT,ANDEQUIPMENTANDINTANGIBLEASSETS:UTILIZATIONANDIMPAIRMENTLearningObjectivesExplaintheconceptofcostallocationasitpertainstoproperty,plant,andequipmentandintangibleassets.1. Determineperiodicdepreciationusing

32、bothtime-basedandactivity-basedmethods.2. Calculatetheperiodicdepletionofanaturalresource.3. Calculatetheperiodicamortizationofanintangibleasset.4. Explaintheappropriateaccountingtreatmentrequiredwhenachangeismadeintheservicelifeorresidualvalueofproperty,plant,andequipmentandintangibleassets.5. Expl

33、aintheappropriateaccountingtreatmentrequiredwhenachangeindepreciation,amortization,ordepletionmethodismade.6. Explaintheappropriatetreatmentrequiredwhenanerrorinaccountingforproperly,plant,andequipmentandintangibleassetsisdiscovered.7. Identifysituationsthatinvolveasignificantimpairmentofthevalueofp

34、roperty,plant,andequipmentandintangibleassetsanddescribetherequiredaccountingprocedures.8. Discusstheaccountingtreatmentofrepairsandmaintenance,additions,improvements,andrearrangementstoproperty,plant,andequipmentandintangibleassets.9. DiscusstheprimarydifferencesbetweenU.S.GAAPandIFRSwithrespecttot

35、heutilizationandimpairmentofproperty,plant,andequipmentandintangibleassets.CHAPTER12:INVESTMENTSLearningObjectives1. Demonstratehowtoidentifyandaccountforinvestmentsclassifiedforreportingpurposesasheld-to-maturity.2. Demonstratehowtoidentifyandaccountforinvestmentsclassifiedforreportingpurposesastra

36、dingsecurities.3. Demonstratehowtoidentifyandaccountforinvestmentsclassifiedforreportingpurposesasavailable-for-salesecurities.4. Explainwhatconstitutessignificantinfluencebytheinvestorovertheoperatingandfinancialpoliciesoftheinvestee.5. Demonstratehowtoidentifyandaccountforinvestmentsaccountedforun

37、dertheequitymethod.6. Explaintheadjustmentsmadeintheequitymethodwhenthefairvalueofthenetassetsunderlyingtheinvestmentexceedstheirbookvalue.7. Explainhowelectingthefairvalueoptionaffectsaccountingforinvestments.8. DiscusstheprimarydifferencesbetweenU.S.GAAPandIFRSwithrespecttoinvestments.CHAPTER13：CU

38、RRENTLIABILITIESANDCONTINGENCIESLearningObjectives1. Defineliabilitiesanddistinguishbetweencurrentandlong-termliabilities.2. Accountfortheissuanceandpaymentofvariousformsofnotesandrecordtheinterestonthenotes.3. Characterizeaccruedliabilitiesandliabilitiesfromadvancecollection,anddescribewhenandhowth

39、eyshouldberecorded.4. Determinewhenaliabilitycanbeclassifiedasanoncurrentobligation.5. Identifysituationsthatconstitutecontingenciesandthecircumstancesunderwhichtheyshouldbeaccrued.6. Demonstratetheappropriateaccountingtreatmentforcontingencies,includingunassertedclaimsandassessments.7. Discussthepr

40、imarydifferencesbetweenU.S.GAAPandIFRSwithrespecttocurrentliabilitiesandcontingencies.CHAPTER14:BONDSANDLONG-TERMNOTESLearningObjectivesIdentifytheunderlyingcharacteristicsofdebtinstrumentsanddescribethebasicapproachtoaccountingfordebt.1. Accountforbondsissuedatpar,atadiscount,oratapremium,recordinginterestattheeffectiverateorbythestraight-lineme