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Open
University of Hong Kong - B211F Introduction to Accounting I
All
relevant information on Open University of Hong Kong ACT B211F Introduction
to Accounting I will be posted on OUHK's OLE
and here.
I
can be reached at allthomasemail@gmail.com.
Click
to go directly to: (1) Updates, (2) Course
Outline and Lecture Notes, (3) Lecture Review,
(4) Course Details, or (4) Assessment
Information.
OUHK
OLE can be accessed
here.
UPDATES:
Back
to top || Updates || Course
Outline and Lecture Notes || Lecture Review
|| Course Details || Assessment
Information
Please
check here for updates during the semester.
| Decmeber
16, 2009 |
Several
additional tutorial questions were distributed to you this morning.
Here are their answer keys. Problem
6-2A. Problem 8-4B. Problem
9-3A. |
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| Decmeber
14, 2009 |
We
will have an extra session on Wednesday December 16, 2009 from 10am
to 12pm at Room 401. We will look at the Revision Topics and do
a few questions on selected chapters. |
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| Decmeber
10, 2009 |
The
following items are available for downloading below: Answer
to revision topics, Chapter
10 tutorial questions answer key. |
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| Decmeber
4, 2009 |
A
set of Revision topics is available
for downloading. |
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| Novmeber
30, 2009 |
We
will start on Chapter 11 on Thursday December 3, 2009. |
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| Novmeber
26, 2009 |
Next
Monday we will finish Chapter 9 and Chapter 11. |
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| Novmeber
18, 2009 |
Updated
version of the Chapter 10 lecture slides can be downloaded in the
Course Outline and Lecture Notes section. |
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| Novmeber
18, 2009 |
Quiz
tomorrow Thursday November 19 in our tutorial session. The quiz
will start at 10am. It will last 40 minutes and it will over Chapters
5, 6, 7, and 8. |
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| Novmeber
16, 2009 |
Our
next class will be held on Wednesday November 16 in CITA from 2pm
to 6pm. We will focus on tutorial questions for Chapters 5, 6, 7,
and 8. |
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| Novmeber
12, 2009 |
The
solution for Chapter 7 is available for downloading in the Assessment
Information section. The mid-term quiz will
be held next Thursday November 19. Chapters 5, 6, 7, and 8 will
be covered. The quiz will take 40 minutes and it will start at 10am
sharp. As this is the last quiz, you must attend and take your quiz
in your designated tutorial session only, there is also no make
up for this mid-term quiz. In other words, if you miss this quiz,
you will receive zero mark for this quiz. |
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| Novmeber
6, 2009 |
There
is an updated set of slides for Chapter 9 and 10 available for downloading. |
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| Novmeber
6, 2009 |
Tutorial
questions for Chapter 9 and 10 are now available for downloading
in the Assessment Information section. |
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| Novmeber
5, 2009 |
Our
next class is to be held on Thursday, November 12. As discussed
in class, you will have a quiz on Thursday, November 19. Chapters
5, 6, 7, and 8 will be covered. |
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| October
22, 2009 |
Our
next class is on Wednesday, November 4 after the study week, the
class will start at 2 and it will last 4 hours. The class after
that would be on Thursday, November 5. |
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| October
19, 2009 |
Our
next class is on Thursday, October 22. We will work through tutorial
questions in Chapter 6 before we will start on Chapter 7. |
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| October
15, 2009 |
For
class next Monday, October 19, we will start the lecture on Chapter
6. The lecture 6 slides are in the same file as the Chapter 5 slides.
Then there are three groups of students doing Exercise 5-1 and Exercise
5-2 for us. |
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| October
11, 2009 |
Tutorial
questions from the textbook is available here: Chapter
5 tutorial questions, Chapter
6 tutorial questions,. Chapter
7 tutorial questions. Chapter
8 tutorial questions. |
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| October
11, 2009 |
For
our class on Thursday October 15 we will continue with Chapter 5
and Chapter 6. We will do tutorial questions Ex 5-1, 5-2, 5-4, 5-6,
and Problem 5-2B. As discussed in our last class, some students
will be selected to come out to the blackboard to do Problem 4-2A
and 5-1A, please try these questions before coming to class. |
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| October
9, 2009 |
Due
to class time conflicts, some of our Monday classes are to be held
on Wednesdays. As a result, the class on the coming Monday, October
12 was held on September 30. As a result, our next class will be
on Thursday, October 15, 2009. |
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|
| October
9, 2009 |
The
tutorial question list for Chapters 5 to 8 was uploaded last week
and it can be downloaded in the Assessment Information
section. If you have the earlier edition of the textbook
or if you have not bought the book yet, there is a copy of it in
the CITA library that you can use. My scanner does not scan very
well because of the thickness of the book. |
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|
| October
8, 2009 |
I have checked with OLE tech support and they have confirmed that
you should have access to the class material on OLE. If you have
difficulties accessing, please contact the OLE tech support. |
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|
| October
8, 2009 |
Other
questions that you can try from the textbook for practice: Chapter
1 serial problem, Problem 2-1A, Problem 2-2A, Chapter 2 serial problem,
Problem 3-1A, Problem 3-2A, Chapter 3 serial problem, Problem 4-2B. |
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| October
8, 2009 |
Answers
to Chapter 4 tutorial questions (except for Problem 4.2) can be
downloaded here. |
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|
| October
8, 2009 |
For
our next class (Thursday, October 15), we will finish going through
Chapter 5. We will go through the tutorial questions for Chapter
5. Then YOU will be doing Problem 4.2 from Chapter 4 and Problem
5.1B on the blackboard. So please try to do these two questions
before next class. |
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| October
5, 2009 |
For
our next class on October 8, we will do the Chapter 4 tutorial problem
and start on Chapter 5, so please bring the appropriate materials.
In addition, please try to start the assignment early so that any
questions can be answered before it is too late. |
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|
| October
4, 2009 |
I
have prepared some worksheets that we will use during classes in
the coming sessions. They can be downloaded here for printing. Journal
entry worksheet. General ledger
worksheet. Trial balance worksheet.
Financial statement worksheet. |
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| September
30, 2009 |
The
assignment is due on Friday, October 9 at 5pm. A box will be placed
by Lisa's desk for submission. |
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| September
30, 2009 |
New
lecture slides and notes for Chapter 5 is available for downloading
in the Course Outline and Lecture Notes
section. |
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|
| September
30, 2009 |
Tutorial
questions for Chapters 5 to 8 is available for downloading in the
Assessment Information section. |
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|
| September
28, 2009 |
We
have a make up class this coming Wednesday, September 30 from 2pm
to 6pm. Please bring your book as we will work on tutorial questions
from Chapter 2 and Chapter 3. We will also start on Chapter 4 and
Chapter 5. |
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| September
21, 2009 |
As
discussed before, our class on Thursday September 24 has been moved
to Wednesday September 30 from 2pm to 6pm. As a result, our next
class will be held on Monday September 28 from 10am to 12pm. |
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| September
21, 2009 |
For
our next class on Monday September 28 please bring the tutorial
questions for Chapter 2 and Chapter 3. We will finish going through
Chapter 3. |
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| September
17, 2009 |
For
next Monday, please print out the tutorial questions for chapter
2 and 3 and bring them to class. |
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| September
14, 2009 |
The
accounting recording system flowchart that we discussed in class
can be downloaded here. The
in-class exercise can be downloaded
here. |
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|
| September
12, 2009 |
The
lecture powerpoints for Chapter 2, 3, 4 and 5 are available for
downloading and printing. The Chapter 1 tutorial questions that
we did in class is also available in the Course
Outline and Lecture Notes section. |
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|
| September
9, 2009 |
Since
the textbook has not arrived yet, you can download the question
for the tutorial here until your textbook arrives. Chapter
1 tutorial questions. Chapter
2 tutorial questions. Chapter
3 tutorial questions. Chapter
4 tutorial questions. |
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| September
7, 2009 |
The
marked version of our lecture slides used today can be downloaded
here. |
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| September
4, 2009 |
The
list of tutorial questions that we will do in class can be downloaded
here. |
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| August
28, 2009 |
Our first day of class will be on Wednesday, September 9, 2009 at
CITA Room 501 at 2pm. Course outline can be downloaded
here. There is an assignment due on October 8, 2009 and a quiz
in the 11th week (exact date to be confirmed). Please see Assessment
section for more details. |
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| August
13, 2009 |
Course
material and other information will be distributed on the first
day of class.
|
Back
to top || Updates || Course
Outline and Lecture Notes || Lecture Review
|| Course Details || Assessment
Information
ASSESSMENT
Back
to top || Updates || Course
Outline and Lecture Notes || Lecture Review
|| Course Details || Assessment
Information
Course
outline can be downloaded here.
Worksheets:
Journal entry worksheet. General
ledger worksheet. Trial balance
worksheet. Financial statement
worksheet
Tutorial
questions for downloading: Chapter
1-4 Tutorial Questions, Chapter
5-8 Tutorial Questions, Chapter
9-10 Tutorial Questions
Tutorial
questions: Chapter 1 tutorial questions,
Chapter 2 tutorial questions,.
Chapter 3 tutorial questions. Chapter
4 tutorial questions, Chapter 5
tutorial questions, Chapter 6 tutorial
questions,. Chapter 7 tutorial
questions. Chapter 8 tutorial questions,
Chapter 9 tutorial questions, Chapter
10 tutorial questions
Answers
to tutorial questions: Chapter 1,
Chapter 2, Chapter
3, Chapter 4, Chapter
5, Chapter 6, Chapter
7,
Chapter
8, Chapter 9, Chapter
10
The
assessment of this course is based on:
|
Assignment (due October 9, 2009) |
15
% |
| Quiz
(during the 11th week, exact date to be confirmed) |
15
% |
| Final
exmination |
70
% |
| |
100
% * |
| *
Passing of both the course score and of the final examination is
required |
|
Continuous
assessment. The continuous assessment is make up of an assignment
which is due on October 9, 2009 at 17:00 and one quiz during the 11th
week (exact date to be confirmed).
DOWNLOAD:
Assignment
Final
examination. The 3 hour final examination will make up for
70% of the total assessment of this course.
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Outline and Lecture Notes || Lecture Review
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Information
LECTURE
REVIEW Back
to top || Updates || Course
Outline and Lecture Notes || Lecture Review
|| Course Details || Assessment
Information
A summary
of our discussion during the lecture is provided here for your reivew.
| September
7, 2009 |
Today
we discussed the following topics: |
| |
- course
outline, logistics, OLE, textbooks, assignment, quiz, and final
examination,
- importance
of accounting activities,
- identifying,
recording, communicating transactions and information,
- information
should be relevant, reliable, comparable,
- list
of external and internal users,
- business
entity forms - proprietor, partnership, corporation and their
advantages and disadvantages,
- principles
of accounting - objectivity, cost, going-concern, monetary unit,
revenue recognition, business entity,
- the
accounting equation of ASSETS = LIABILITIES + EQUITY, and
- the
use of the accounting equation to record transactions.
|
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| September
10, 2009 |
Topics
discussed: |
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- the
accounting equation of ASSETS = LIABILITIES + EQUITY,
- some
practice questions on recording of transactions using the accounting
equation,
- financial
statements of income statement, statement of shareholders equity,
balance sheet, and statement of cash flow, and
- how
the accounting equation can be broken down into the four financial
statements.
|
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| September
14, 2009 |
We
discussed: |
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- the
accounting recording process,
- source
documents,
- general
ledger and chart of accounts,
- double-entry
accounting system,
- journal
recording and posting, and
- recording
of journal entries into the general ledger.
|
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| September
17, 2009 |
We
talked about: |
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- journal
entries,
- treatment
when cash flow does not match transaction (early or late), and
- depreciation
of assets.
|
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| September
21, 2009 |
We
went through some of the tutorial questions in Chapter 2 today.
We will continue with the last one on Thursday, September 24. |
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| September
28, 2009 |
We
looked at the adjustments that are common performed at year end
for financial statement preparation. Accounts involved at prepaid
expenses, unearned revenue, accrued expenses, and accrued revenue.
We also went through the calculation of depreciation expense. We
started on tutorial questions on Chapter 3. |
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|
| September
30, 2009 |
We
worked through the remaining tutorial questions from Chapter 2 and
Chapter 3. We have also started Chapter 4 and looked at how the
income summary works. |
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|
| October
5, 2009 |
We
worked on the Chapter 3 tutorial problem and Chapter 4 tutorial
exercise questions. We also went through Chapter 4 income summary.
We have also discussed the assignment that is due this Friday. |
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| October
15, 2009 |
We
went through Chapter 5 Merchandiser and their corresponding recording
of buying and selling goods, including the treatment of trade and
purchase discounts, return and allowance, and how to perform closing
entries. |
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|
| October
19, 2009 |
We
looked at inventory costing systems (a) specific identification,
(b) first-in first-out, (c) last-in first-out, (d) weighted average.
We also worked through Chapter 5 tutorial questions. The answer
are posted below. |
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|
| October
22, 2009 |
We
talked a little about the assignment one. Then we worked through
Chapter 6 in summary format. We started on Chapter 7 but will do
more indepth discussion on November 4.. |
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|
| November
4, 2009 |
We
went through Chapter 7 and Chapter 8 first, then worked on several
of the Chapter 6 tutorial problems. |
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|
| November
5, 2009 |
We
worked on some of the remaining Chapter 6 tutorial problems. |
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|
| November
12, 2009 |
We
discussed the following today: |
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- the
quiz that will take place next Thursday,
- assignment
1 was returned,
- reviewed
and discussed the answer and common errors in assignment 1,
- went
through remaining tutorial questions for Chapter 6, and
-
worked through some of the Chapter 7 tutorial questions.
|
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|
| November
16, 2009 |
Today
we worked on: |
| |
- tutorial
questions from Chapter 7,
- tutorial
questions from Chapter 8,
- discussed
how the timing of check deposit and payment affect the accounting
and bank records, and
- characteristics
of checks (like payee, amount, check cashing process).
|
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|
| November
18, 2009 |
Today
we worked on the following items: |
| |
- Chapter
6 exercises and problems on inventory recording system,
- Chapter
8 exercises and problems on petty cash, bank reconciliation
and recording entries.
|
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| November
19, 2009 |
We
went through the very first part of Chapter 9 on accounts receivable,
then we did the mid-term quiz. |
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|
| November
23, 2009 |
We
went through Chapter 9 accounts receivable and bad debt allowance
material. |
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| November
26, 2009 |
We
did a quick review of payment by credit cards and the treatment
of bad debt expense and allowance using both direct write-off and
allowance methods. We also went through several of the tutorial
questionsl. |
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| November
30, 2009 |
Today
we worked on the following topics: |
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- distribution
of the quiz,
-
went through the notes receivable and payable material,
-
treatment of note issued on discount,
-
treatment of contingent liabilities, and
-
went through tutorial questions from Chapter 9.
|
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| December
3, 2009 |
We
started on Chapter 10 Capital Assets today. We looked at the calculation
of depreciation amounts and did two tutorial questions on depreciation. |
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|
| December
10, 2009 |
We
finished Chapter 10 Capital Assets today. We looked at how change
in plant asset estimates are accounted for. We have also worked
through two tutorial questions. |
Back
to top || Updates || Course
Outline and Lecture Notes || Lecture Review
|| Course Details || Assessment
Information
COURSE
OUTLINE AND LECTURE NOTES Back
to top || Updates || Course
Outline and Lecture Notes || Lecture Review
|| Course Details || Assessment
Information
Course
outline can be downloaded here.
Tutorial
questions for downloading: Chapter
1-4 Tutorial Questions, Chapter
5-8 Tutorial Questions.
Reading:
Wild = Principles of Accounting, Wild, Shaw,
Chiappetta, 19th Edition, 2009, McGraw Hill
| Week
1 |
Introduction
- Accounting in Business, Reading: Wild Chapter 1 |
| September
7, 2009 |
[Download:
lecture powerpoint slides,
marked lecture powerpoint slides,
tutorial question list, assignment]
|
| |
[Download:
Chapter 1 tutorial questions.
Chapter 2 tutorial questions.
Chapter 3 tutorial questions.
Chapter 4 tutorial questions] |
| |
[Download:
ch1 tutorial questions went through
in class on sept 10] |
| |
[Download:
Answers to tutorial questions Chapter
1] |
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|
| Week
2 |
Recording
Transactions, Reading: Wild Chapter 2 |
| September
14, 2009 |
[Download:
lecture powerpoint slides ch
2] |
| |
[Download:
accounting recording system flowchart,
in-class exercise Sept 14] |
| |
[Download:
Answers to tutorial questions Chapter
2] |
| |
|
| Week
3 |
Adjusting
Process, Reading: Wild Chapter 3 |
| September
21, 2009 |
[Download:
lecture powerpoint slides ch 3,
in-class exercise Sept 21]
|
| |
[Download:
Answers to tutorial questions Chapter
3] |
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|
| Week
4 |
Closing
Process, Reading: Wild Chapter 4 |
| September
28, 2009 |
[Download:
lecture powerpoint slides ch 4,
in-class exercise Sept 28] |
| |
|
| Week
5 |
Merchandising
Operations, Reading: Wild Chapter 5 |
| October
5, 2009 |
[Download:
lecture powerpoint slides ch 5,
notes for ch 5] |
| |
[Download:
Journal entry worksheet. General
ledger worksheet. Trial balance
worksheet. Financial statement
worksheet] |
| |
[Download:
Answers to tutorial questions Chapter
4] |
| |
|
| October
9, 2009 |
Assignment
due at 17:00. [DOWNLOAD:
Assignment] |
| |
|
| Week
6 |
Inventories,
Reading: Wild Chapter 6 |
| October
12, 2009 |
[Download:
Chapter 5 tutorial questions,
Chapter 6 tutorial questions,.
Chapter 7 tutorial questions.
Chapter 8 tutorial questions] |
| |
[Download:
lecture powerpoint slides ch 6,
notes for ch 6] |
| |
[Downoad:
Problem 4-2A Pic 1, Problem
4-2A Pic 2, Problem 5-1B Pic
1, Problem 5-1B Pic 2] |
| |
|
| Week
7 |
Systems
and Control, Reading: Wild Chapter 7 |
| October
19, 2009 |
[Download:
Answers to tutorial questions Chapter
5] |
| |
[Download:
Answers to tutorial questions Chapter
6, lecture powerpoint slides
ch 7] |
| |
|
| Week
8 |
Cash,
Reading: Wild Chapter 8 |
| November
2, 2009 |
[Download:
lecture powerpoint slides ch 8] |
| |
|
| Week
9 |
Accounts
Receivable and Payable, Reading: Wild Chapter 9 |
| November
9, 2009 |
[Download:
lecture powerpoint slides ch 9
and 11] |
| |
|
| Week
10 |
Accounts
Receivable and Payable, Reading: Wild Chapter 11 |
| November
16, 2009 |
|
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|
| November
19 |
Quiz,
40 minuties, will start at 10am sharp. On Chapters 5, 6, 7, and
8. |
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|
| Week
11 |
Depreciation,
Reading: Wild Chapter 10 |
| November
23, 2009 |
[Download:
lecture powerpoint slides ch 10] |
| |
[Download:
Notes on Chapter 9 tutorial questions
from class] |
| |
|
| Week
12 |
Plant
Assets, Reading: Wild Chapter 10 |
| November
30, 2009 |
[Download:
Revision topics, Answers
to revision topics] |
| |
|
| Week
13 |
Plant
Assets / Revision, Reading: Wild Chapter 10 |
| December
7, 2009 |
|
Back
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Outline and Lecture Notes || Lecture Review
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Information
COURSE
DETAILS Back
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Outline and Lecture Notes || Lecture Review
|| Course Details || Assessment
Information
| Course |
B211F
Introduction to Accounting I |
| |
Course
outline can be downloaded here. |
| |
|
| Prerequisites |
|
| |
|
| Time
and Location |
|
| |
|
| Instructor |
Dr.
Thomas Wu |
| Email |
allthomasemail@gmail.com |
| Website |
http://www.drthomaswu.com
(all information for this course can be found here) |
| |
|
| Course
Aims and Summary |
|
| |
|
| Module
Learning Outcomes |
|
| |
|
| Essential
Reading |
Principles
of Accounting, Wild, Shaw, Chiappetta, 19th Edition,
2009, McGraw Hill |
| |
|
| Recommended
Reading |
Accounting,
Horngren, Harrison, Oliver, latest edition, Prentice Hall |
| |
|
| Calculator
Policy |
|
| |
|
| Financial
Terms |
There
are specific terms that apply to accounting and finance, and there
are various online sources that can help students understand these
terms.
Download
and print for reference:
Online
finance dictionaries:
Other
unverified sources of financial references:
|
Back
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Outline and Lecture Notes || Lecture Review
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Information
|