FINANCIAL ACCOUNTING(LECTURE IN ENGLISH)

본 과목에서는 재무회계의 내용을 영어로 강의하게 된다.

Upon completion of this course, the student will be able to derive knowledge and skills on how to prepare, present and analyze, and interpret the basic financial statements of business organizations, and gain relevant insights and understanding of the importance of financial information to business managers for their decision making.

Attendance: Attendance is expected at all classes. Attendance will be checked, in compliance with the KMU policy. It is the responsibility of the students to come on time. Students who failed to attend the class but with valid reason, like health conditions, will be considered as excused only when they can present valid medical certificate that they have been admitted in the clinic or hospital. The students who, will attend some school activities and events with proper authority from college administration, can be excused, otherwise the professor will have the prerogative whether to consider the absence excused in compliance with the university policy. The university academic policy on honesty will be strictly enforced. Students are responsible for familiarization of the policy and its adherence related to student’s attendance. Attendance constitutes 10% of the total grade of the student. Homework and practical exercises. Assignments, and homework must be submitted before the start of class. It must be printed in A4 size MS word, 12-inch font size in double space. The first page must contain your full name (in alphabet), student ID number, title of the homework or report and the date. For practical application of accounting theories, exercises will be given after discussion. Students are required to present the answers of exercises in a formal sheet of paper and be submitted with the name, student number and the exercise number being solved. Homework and exercises constitute 20% of the total grade. Examinations. There will be two (2) formal examinations, the mid-term examinations and the Final examinations which will both constitute 35% of the total grade.

There is no pre-requisite subject for this course. All Students whose degree courses are related or aligned to business administration or management will be considered eligible to take this class.

All students should have basic knowledge in accounting. Responsibility and accountability are the concern of everyone either in business, in a group or even in personal life. In daily lives, whenever people do some budgeting, or check on financial status to make decisions to investment, to buy things or properties, or to calculate expenditures in the family, the use of accounting is prevalent. In business world, accounting is the most basic framework in providing a link between the business and the environment outside the firm. Regardless of occupation or profession, knowledge of accounting is of importance for the students in preparation for the real world.