A Critique of the Proposed National Education Policy Reform
Finance
1. Financial ACCOUNTING (1) 财 务 会 计 学（ FA1 ） Professor Liu Zhong-wen 刘仲文教授 School of Accounting 会计学院 Capital University of Economics & Business 首都经济贸易大学 会计学院
2.
3. Organization Chart of Accounting School 会计学院组织结构 Accounting School 会计学院 Dean Office Acc. Department Audit Department Finance Department Acc. Research Center Finance Research Center Training Center Accounting Lab Computer Lab 10 Course Group
4. Syllabus of International Accounting 国际会计班课程设置 课程名称 1 Financial Accounting I 财务会计学 1 FA1 2 Financial Accounting II 财务会计学 2 FA2 3 Financial Accounting III 财务会计学 3 FA3 4 Financial Accounting IV 财务会计学 4 FA4 5 Management Accounting I 管理会计学 1 MA1 6 Management Accounting II 管理会计学 2 MA2 7 Financial Management I 财务管理学 1 FN1 8 Auditing I 审计学 1 AU1 9 Accounting Theory 1 会计理论 1 AT1
5.
6.
7. Introduction on the unit of FA1 Financial Accounting 1 FA1 1. Objectives 2. Contents 3. Teaching Plan 4. Evaluation
8.
9. 2. Contents There are ten lessons on FA1 L1 An introduction to accounting concepts L2 Recording transactions L3 Adjusting Accounts, preparing the statements, & completing the accounting cycle L4 Accounting for Merchandising activities L5 Inventories & special journals L6 Internal control & accounting for cash,…. L7 Fixed assets, natural resources,….. L8 Current & long-term liabilities L9 Accounting for partnerships & …. L10 The cash flow statement & ….
10. Contents of the book Chapter One Why Accounting Matters? Chapter 2-5 Accounting Principles Chapter 6-15 Financial Accounting
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
24. Essential Outcomes for FA1: Accounting Cycle – Recording and reporting the financial transactions of a sole proprietorship operating a service-type business Accounting Cycle (continued) – Recording and reporting the financial transactions of a sole proprietorship operating a merchandising-type business Corporations – Recording and reporting the financial transactions of a corporation Analyze and Evaluate Financial Statements Focus on the Balance Sheet – Adjustments and special issues regarding assets and liabilities Review of Financial Statements and Intro to CFS* *CFS = Cash Flow Statement G A A P FOR ALL: Identify, define, calculate, relate to GAAP, explain relationship to financial statements, analyze effect on financial statements, and explain importance to users
Why so few? Simplicity - - KISS principle. Accounting has a reputation for being a very difficult subject. Instructors can make it appear difficult or simple. I ALWAYS tell my students accounting is easy … it’s almost always a function of how much effort you put into the course. Why the pyramid? Because if any piece is missing, can you evaluate financial statements which is our ultimate goal in financial accounting? Reporting to external users? So the pyramid is a subliminal reminder of the importance of each essential outcome. THERE ARE NO WRONG ANSWERS - - THE IMPORTANT THING IS THAT THE ESSENTIAL OUTCOMES SERVE THE NEEDS OF THE GROUP (INSTRUCTORS/STUDENTS HAVE DIFFERENT TEACHING/LEARNING STYLES). THEREFORE, ESSENTIAL OUTCOMES ARE THE RESULT OF REFLECTION AND ARE CONTINUALLY EVOLVING.
![Introduction ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)