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ACCT 271: Intermediate Accounting 1 Welcoming Session

Join Nora Alshail for an introduction to the course objectives, textbook, syllabus, and mutual obligations. Learn about financial reporting, conceptual frameworks, and more. Follow communication guidelines for Blackboard and email usage.

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ACCT 271: Intermediate Accounting 1 Welcoming Session

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  1. College of Business Administration ACCT 271 Intermediate Accounting 1 Welcoming

  2. Session 1- Agenda • Who am I…? • Who are you… ? • Learning objective • Text book • Marking guide • Topics • Syllabus • Mutual Obligations (our contract) • Communications • Group contract • Accounting department general information

  3. Who am I… ? • Nora Alshail • Bachelor degree in Accounting from KSU • Master degree in Accounting from Monash University

  4. Who are you… ? • Tell me about you • Meet friends

  5. Learning objectives • Identify the major financial statements and other means of financial reporting. • Explain how accounting assists in the efficient use of scarce resources. • Describe the usefulness of a conceptual framework. • Describe efforts to construct a conceptual framework • Prepare an income statement and retained earnings statement. • Identify the content of the statement of cash flows and prepare a basic statement of cash flows.

  6. Text book Intermediate Accounting 13th Edition By Kieso, Weygandt, and Warfield Additional material will be posted on Blackboard quite frequently – please make sure you check regularly

  7. Marking guide Lets look at the unit Syllabus!!

  8. Topics • Chapter 02: Conceptual framework for financial reporting • Chapter 04: Income Statement and Related Information • Chapter 05: Balance Sheet statement and statement of Cash flow • Chapter 17: Accounting treatment of Investments (20% to 50%) • Chapter 18: Revenue Recognition

  9. Mutual Obligations (our contract) You are expected to: • Attend all sessions • Participate actively in all sessions • Contribute in a meaningful way to the class and to your group • Meet the deadlines for your Project and Group report • Come and see me ASAP if you are experiencing any difficulties! I am expected to: • Effectively present the required material • Be available to discuss problems • Provide student feedback in a timely manner • Reply to emails and in class questions

  10. Rules • All mobile phone on Silent PLEAS!! • Arrive on time as lecture starts after the first 10 mins. • Respect • Leave the class clean • Use laptops only for legitimate class activities (note-taking, assigned tasks). • Do not leave class early without taking permission • Ask questions if you are confused. • Try not to distract or annoy your classmates.

  11. Communication- Blackboard Blackboard is the primary method by which I will distribute information to students. I will use this to post Lecture Slides, additional reading, practice questions etc. It’s therefore important that you check Blackboard regularly!! As Blackboard is quite new, you are strongly encouraged to spend some time familiarising yourself with it as soon as possible. Excuses such as ‘my internet has been down’ or ‘my laptop is broken’ are not acceptable.

  12. Communication- Email From time to time its likely that I will need to send all students an email, or students may need to email me for some reason The University rules in this regard are that the only email address recognised is your official ‘student email’ If you choose to use another email, please understand that I can’t be held responsible for ‘non receipt’ or any other problems REMEMBER to use your student email, write your ID number, name, group number, class.

  13. How to find me College of Business & Admin. Accounting Department Room 1.500.46 Tel: 0118223183 Email: Nealshail@pnu.edu.saOffice hours: by appointment

  14. A note about my lectures and the text books • Lecture slides will normally be posted on BlackboardBEFORE the next seminar. • The slides do NOT cover everything in the text book. • To gain exposure to everything for the exam purpose you need to attend lectures AND carefully read the text book chapters. • Just attending seminars OR just reading the slides will NOT BE ENOUGH....!! YOU NEED TO DO BOTH.

  15. A note about my lectures and the text books • DON’T FORGET THAT THE TEXT BOOK IS THE MAIN SOURCE FOR STUDYING AND PREPARING FOR EXAMS AND QUIZES.

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