ACCO 230 Lecture Notes - Lecture 5: 5,6,7,8, List Of Bus Routes In Queens, John Molson
24 Nov 2016
School
Department
Course
Professor
COMM 217 - Fall 2016 Page 1
John Molson School of Business
Department of Accountancy
Financial Accounting (COMM 217)
Course Outline, Fall 2016
General Information
Class day(s), time slot, and location: Tuesday & Thursday, 10:15 – 11:30, MB-3.270
Course Professor: Dr. George Kanaan
Office Location: MB-4.227 ( accessible through MB-4.201)
Office Hours: Thursdays 3:00 – 5:00 pm or by appointment
Telephone: (514) 848-2424 Ext. 2720
Course Description
This course examines the theory and practice involved in measuring, reporting, and analyzing an
organization's financial information. Concepts underlying financial statements are discussed, with an
emphasis on generally accepted accounting principles. Disclosures/requirements concerning financial
statements as well as information needs of decision-makers are introduced.
Prerequisite: COMM 210 previously or concurrently.
Learning Objectives
COMM 217 is an introductory course designed to provide students with the basic understanding of
financial accounting needed to integrate this functional business area with the other components of the
Bachelor of Commerce program. Coverage is comprehensive and user oriented, with emphasis placed
on the accounting information needs of decision-makers. At the same time, the course will provide the
basic operational understanding of financial accounting necessary for those Commerce students who
choose a major or minor in Accountancy.
This course will help the student achieve the following learning objectives:
➢ Acquire knowledge of the accounting concepts and rules, including the conceptual framework
of accounting and the characteristics of accounting information and its limitations.
➢ Apply accounting concepts and rules to specific situations.
➢ Prepare basic financial statements.
➢ Use accounting information to solve problems and make decisions.
➢ Be aware of professional ethics in accounting, and the role of auditors in organizations.
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COMM 217 - Fall 2016 Page 1
Class Schedule
No. of
weeks
Topic(s)
Suggested End-of-Chapter Material*
Preface to the textbook
Pages xv – xix, xxiii, and xxvi
These pages explain the main features of this textbook and
the tools available to you to help you learn the course
material.
1
Ch. 1, Financial Statements and
Business Decisions
Q1-7, 10, 11, 12, 13, 14, 17 / E1-1, 3, 8 / P1-1, 3
1
Ch. 2, Investing and Financing
Decisions and the Statement of
Financial Position
Q2-2, 4, 11, 13/ E2-1, 3, 7, 10, 13/ P2-2, 7, 8/ CP2-1, 3
1
Ch. 3, Operating Decisions and
the Statement of Earnings
Q3-4, 5, 6, 7, 8, 11/ E3-7, 11, 12, 13, 14, 20/ P3-2, 3, 8
CP3-1, 2, 3
1
Ch. 4, Adjustments, Financial
Statements and the Quality of
Earnings
Q4-3, 7, 12/ E4-4, 7, 15, 18/ P4-2, 8, 10 / CP4-6, 8, 10
1
Ch. 7, Reporting and Interpreting
Sales Revenue, Receivables and
Cash
Q7-4, 5, 9, 13, 15 / E7-2, 4, 10, 11, 14, 15, 22, 24 / P7-6, 7,
8, 9 / CP7-1, 5, 6
1
Ch. 8, Reporting and Interpreting
Cost of Sales and Inventory
Q8-4, 7, 8, 13 / E8-4, 5, 9, 11, 15, 18 / P8-1, 3, 6 / CP8-1, 3
1
Ch. 6, Communicating and
Interpreting Accounting Information
Q6-1, 4, 5, 9, 10, 11, 12 / E6-3, 4 / P6-1, 4 / CP6-1, 6
Mid-Term Exam: Sunday, October 30, 2016 from 10:30 a.m. to 1:30 p.m.
1
Ch. 9, Reporting and Interpreting
Property, Plant and Equipment,
Natural Resources, and Intangibles
Q9-4, 7, 11, 15 / E9-3, 7, 8, 15, 18, 20, 26 / P9- 4, 8, 10, 13 /
CP9-1, 8
1
Ch. 10, Reporting and Interpreting
Current Liabilities
Q10- 7, 8, 10, 11 / E10-1, 4, 10, 16, 17 / P10-1, 6, 7 / CP10-
1, 5, 6
1
Ch. 11, Reporting and Interpreting
Non-Current Liabilities
Q11-5, 9, 10, 12 / E11-2, 11, 12, 16, 23 / P11-2, 7, 8, 10 /
CP11-4
1
Ch. 12, Reporting and Interpreting
Shareholders’ Equity
Q12-5, 10, 12, 18 / E12-3, 8, 11, 14, 16 / P12-2, 4 / CP12-1,
3
1
Ch. 5, Reporting and Interpreting
Cash Flows
Q5-2, 5, 10, 11, 12 / E5-5, 7, 9, 10, 12 / P5-1, 5 / CP5-1, 4
1
Ch. 13, Analyzing Financial
Statements
Q13-2, 9, 13 / E13-3, 4, 6, 10, 15 / P13-3, 4, 7 / CP13-3, 5
Final Examination: Date to be determined by the Examinations Office
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