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Intézmény neve
Cím: 1148 Budapest,
Nagy Lajos király útja 1-9.
Tel.:
06-1-2733090
Fax:
06-1-2733099
E-mail: [email protected]
Course-unit Programme
(Regular Full-time Course Syllabus)
1.
Course-unit details:
Name of course-unit (subject): Accounting I.
Language of instruction (from sample unit): English
Name of course-unit in Hungarian (from sample unit): Számvitel I.
ETR (USRS) course-unit code (subject unit):
Validity of course-unit (from subject):
o
date of launch of course-unit: autumn/spring term of academic year 2009/2010
o
Date of termination of course-unit:
Credit value of course unit (from course-unit element) :
……… credits
Institute offering the course-unit  (from subject):
Instructor responsible for course-unit  (from subject):
o
name: Dr. Horváth Attila
o
Ministry of Education Registry number*:
o
SIN code*:
Course-unit group (subject DTL):
Course-unit type (subject unit):
o
lecture
o
practical class
o
lecture and practical class to be completed together
o
training
Course-unit term requirements (subject unit):
o
examination
o
practical grade based on a scale from 1 to 5
o
mid-term classroom test at practical class + exam (pre-condition of applying for the exam is at least a
50% performance at the practical class)
o
practical grade based on a three-grade scale
Number of contact hours attached to the course-unit (subject unit):





These data are generated by ETR (USRS).
These data are generated by ETR (USRS).
These data are generated by ETR (USRS).
These data are generated by ETR (USRS).
These data are generated by ETR (USRS).
Intézmény neve
Cím: 1148 Budapest,
Nagy Lajos király útja 1-9.
Tel.:
06-1-2733090
Fax:
06-1-2733099
E-mail: [email protected]
Number of theoretical classes (lectures):
Number of practical classes (seminars):
Number of training classes:
……2… classes/week
……2… classes/week
……0… classes/term
Content features of course-unit:

Teaching
objectives
of
course-unit
(description
of
2-3
lines)
(sample
unit):
The objective of the course is to equip students with the standard tools in probability calculus necessary for
carrying out various economic, statistical and business calculations of probabilistic nature.

The topics and detailed syllabus of the factual content of the course-unit in a weekly breakdown (sample
unit):
Week
1.
2.
3.
4.
Lecture
Accounting in action

Explain what accounting is.

Identify the users and uses of accounting.

Understand why ethics is a fundamental
business concept.

Explain generally accepted accounting
principles and the cost principle.

Explain the monetary unit assumption and
the economic entity assumption.

State the accounting equation, and define
assets, liabilities, and owner’s equity.

Analyze the effects of business transactions
on the accounting equation.

Understand the four financial statements
and how they are prepared.
The Recording Process

Explain what an account is and how it helps
in the recording process.

Define debits and credits and explain their
use in recording business transactions.

Identify the basic steps in the recording
process.

Explain what a journal is and how it helps in
the recording process.

Explain what a ledger is and how it helps in
the recording process.

Explain what posting is and how it helps in
the recording process.

Prepare a trial balance and explain its
purposes
Adjusting the accounts

Explain the time period assumption.

Explain the accrual basis of accounting.

Explain the reasons for adjusting entries.

Identify the major types of adjusting entries.

Prepare adjusting entries for deferrals.

Prepare adjusting entries for accruals.

Describe the nature and purpose of an
adjusted trial balance.
Completing the accounting cycle

Prepare a worksheet.

Explain the process of closing the books.

Describe the content and purpose of a postclosing trial balance.

State the required steps in the accounting
cycle.
Seminar
Basic problems and calculations concerning the
accounting equation, certain business transactions
and the main statements.
Problems and calculus of recording transactions.
Problems and calculus of the adjusting entries,
completing a trial balance
Problems and calculus of worksheets, closing and
the accounting cycle
Preparation for the mid-term exam
Intézmény neve
Cím: 1148 Budapest,
Nagy Lajos király útja 1-9.
Tel.:
06-1-2733090
Fax:
06-1-2733099
E-mail: [email protected]
Explain the approaches to preparing
correcting entries.

Identify the sections of a classified balance
sheet.
Accounting for merchandising operations

Identify the differences between service
and merchandising companies.

Explain the recording of purchases under a
perpetual inventory system.

Explain the recording of sales revenues
under a perpetual inventory system.

Explain the steps in the accounting cycle for
a merchandising company.

Distinguish between a multiple-step and a
single-step income statement.

Explain the computation and importance of
gross profit.

Determine cost of goods sold under a
periodic system.
Inventories

Describe the steps in determining inventory
quantities.

Explain the accounting for inventories and
apply the inventory cost flow methods.

Explain the financial effects of the inventory
cost flow assumptions.

Explain the lower-of-cost-or-market basis of
accounting for inventories.

Indicate the effects of inventory errors on
the financial statements.

Compute and interpret the inventory
turnover ratio.
Accounting information systems

Identify the basic concepts of an
accounting information system.

Describe the nature and purpose of a
subsidiary ledger.

Explain how companies use special journals
in journalizing.

Indicate how companies post a multicolumn journal.
Internal control and cash

Define internal control.

Identify the principles of internal control.

Explain the applications of internal control
principles to cash receipts.

Explain the applications of internal control
principles to cash disbursements.

Describe the operation of a petty cash fund.

Indicate the control features of a bank
account.

Prepare a bank reconciliation.

Explain the reporting of cash.
Accounting for receivables

Identify the different types of receivables.

Explain how companies recognize accounts
receivable.

Distinguish between the methods and bases
companies use to value accounts
receivable.

Describe the entries to record the disposition

5.
6.
7.
8.
9.
Mid-term exam 1.
Problems and calculus of costs and profit.
Accounting inventories
Accounting inventories (cont.)
Journalizing
Problems and calculus of cash-based transactions
Problems and calculus of receivables
Preparation for the mid-term exam
Intézmény neve
Cím: 1148 Budapest,
Nagy Lajos király útja 1-9.
Tel.:
06-1-2733090
Fax:
06-1-2733099
E-mail: [email protected]
of accounts receivable.
Compute the maturity date of and interest
on notes receivable.

Explain how companies recognize notes
receivable.

Describe how companies value notes
receivable.

Describe the entries to record the disposition
of notes receivable.

Explain the statement presentation and
analysis of receivables.
Plant assets, natural resources, and intangible assets

Describe how the cost principle applies to
plant assets.

Explain the concept of depreciation.

Compute periodic depreciation using
different methods.

Describe the procedure for revising periodic
depreciation.

Distinguish between revenue and capital
expenditures, and explain the entries for
each.

Explain how to account for the disposal of a
plant asset.

Compute periodic depletion of natural
resources.

Explain the basic issues related to
accounting for intangible assets.

Indicate how plant assets, natural resources,
and intangible assets are reported.
Current liabilities and payroll accounting

Explain a current liability, and identify the
major types of current liabilities.

Describe the accounting for notes payable.

Explain the accounting for other current
liabilities.

Explain the financial statement presentation
and analysis of current liabilities.

Describe the accounting and disclosure
requirements for contingent liabilities.

Compute and record the payroll for a pay
period.

Describe and record employer payroll taxes.

Discuss the objectives of internal control for
payroll.
Summary of the semester
Revision of the main issues
Preparation for the exam

10.
11.
12.
Problems and calculus of assets and liabilities
Evaluation of the mid-semester work
Mid-term Exam 2.
Mid-term exam +: extra opportunity to revise one of
the results
List of practical tasks required to fulfil the term requirements of the practical class:
o
Classroom test : Students are required to take two mid-term written exams. The first one (for 20 points) will
take place on week 5, the second one (for 30 points) on week 10. The total score obtained at the two
mid-term exams counts as part of the final (end-term) score. The criterion for being admitted to the endterm exam is achieving a minimal total score of 25 at the two mid-term exams.. Students are not allowed
to miss (without a legitimate and officially proven reason) more than three seminars; otherwise they
automatically fail the course and hence must retake it.
o
Presentation
Intézmény neve
Cím: 1148 Budapest,
Nagy Lajos király útja 1-9.
Tel.:
06-1-2733090
Fax:
06-1-2733099
E-mail: [email protected]
o
Essay to be submitted
Detailed description of the methods applied to evaluate and grade student performance at a lecture:
o
Option to take a preliminary exam the last week of term-time
o
Written exam : Those who have obtained a total score of less than 25 points are allowed to retake one of
the two mid-term exams on week 12. Students can sign up for the retake exam during the seminar on
week 11, whereby they must choose in advance which of the two mid-term exams they wish to retake.
In case a student’s total score after the exam retake is less than 25 points, he or she has failed the course
and hence must retake it.
Admittance to the end-term exam is conditional on 1) regular participation at seminars (maximum three
missed occasions allowed); 2) a minimal total score of 25 obtained at mid-term exams; 3) completion of
the assigned work.
At the end-term exam students are examined for their knowledge of the accounting theory covered at
lectures and their ability to solve related exercises. Obtaining a total score of 50% at the end-term exam
and for the assigned work (jointly) is a minimal requirement for a pass grade.
o
Oral exam
o
Complex exam (written and oral)

o
Details:
Other : Assigned work

Details: Completion of the assigned work is required for admittance to the end-term exam. The
assigned work will be published on Coospace and also told about at lectures. The deadline for
submitting the completed assigned work is the first day of the exam period.
Grading: The final score (= total score obtained for the mid-term exams, the assigned work and the end-term exam) is
converted to a 5 scale grade on the following basis:
0 – 49 points
fail (1)
50 – 62 points
pass (2)
63 – 75 points
satisfactory (3)
76 – 88 points
good (4)
89 – 100 points
excellent (5)
Reading material necessary to complete the course-unit:

List of mandatory readings:
o
Lecture notes and slides
o
Printed publications:
o


Author(s): Jerry J. Weygandt, Paul D. Kimmel and Donald E. Kieso

Title: Accounting principles

Publishing House: Wiley

Place of publication: USA

Year of latest edition: 2011

Pages: 864
Online reference:
List of recommended readings:
o
Printed publications:

Author(s): Kieso, Weygandt, Warfield, Irvine, Silvester, Young, Wiecek

Title: Intermediate accounting

Publishing House: Wiley
Intézmény neve
Cím: 1148 Budapest,
Nagy Lajos király útja 1-9.
Tel.:
06-1-2733090
Fax:
06-1-2733099
E-mail: [email protected]
o

Place of publication: USA

Year of latest edition: 2011

Pages: 1640
Online reference:

http://www.ifrs.org

http://www.icai.org/

http://www.sec.gov

http://www.fasb.org/