You are here

Accounting 251

Financial Accounting

Credits: 3

Length of Course: 14 weeks

Classroom Hours per Week: 4 hours

Prerequisites: 12 credits and English 099

Text: Financial Accounting (3rd Canadian edition), Hoskin et al.

Course Description:

This course provides an introduction to accounting with a conceptual emphasis. Topics include understanding financial statements, cash flow analysis, generally accepted accounting principles, revenue and expense recognition, accounting policy choices, and the time value of money.

Course Outline:

Week Chapter Title
Week 1 Chapter 1 Overview of Corporate Financial Reporting
Week 2 Chapter 2 Transaction Analysis and Accounting Entries
Week 3 Chapter 3 Double Entry Accounting Systems
Week 4

Chapter 4

Mid-term #1

Revenue Recognition
Week 5 Chapter 5 Cash Flow Statement
Week 6 Chapter 6 Cash, Temporary Investments and Accounts & Notes Receivables
Week 7 Chapter 7 Inventory
Week 8

Chapter 8

Mid-term #2

Capital Assets
Week 9 Chapter 9 Liabilities
Week 10 Chapter 10 Long Term Liabilities
Week 11 Chapter 11 Shareholders' Equity
Week 12 Chapter 12 Financial Statement Analysis
Week 13 Chapter 13 Review Week
Week 14 Final Examination  


Thomas Leung, BBA (Hong Kong Baptist), MBA (Hull), CPA, CGA, FCA (England and Wales), CPA (Hong Kong)

Transferability: see