School of Business

Department of Accounting & Finance

Course Name:
Introduction to Financial Accounting
Course Code
& Section No:
ACT 201
Semester: Spring 2020
INSTRUCTOR & DEPARTMENT INFORMATION

1. Instructor Name: Dr. Samina Rahman (SmR1)

2. Office: NAC 772
3. Office Hours: Thursday: 8.30 AM – 9.30 AM; 1.30 PM – 2.30 PM
Saturday: 8.30 AM – 9.30 AM; 1.30 PM – 2.30 PM

4. Office Phone: 88-02-55668200- Ext 6308

5. Email Address: [email protected]

6. Department: Department of Accounting & Finance
7. Links: North South University Website: http://www.northsouth.edu
School of Business Website: http://www.northsouth.edu/academic/sob/
Course code in Google Class room:

COURSE & SECTION INFORMATION

Class Time & Thursday 9.40 – 11.10; Thursday 11.20 – 12.50;

Location Saturday 9.40 – 11.10; Saturday 11.20 – 12.50;
Course MAT 112 (if required)
Prerequisite(s)
Course Credit Hours 3:0

Course Description This course focuses on the application of basic Accounting principles to undertake
transaction recording and summary functions. Topics to be covered include
journalizing transactions, setting up financial statements and undertaking basic
valuation of assets.

Course Objectives 1. Understand the issues facing firms in the real world when undertaking
accounting of transactions and setting up summaries of financial health of the
company
2. Learn about the sphere of the study of Accounting and approaches of general
basic Accounting practices
3. Develop an appreciation of basic accounting principles to enhance firm
responsiveness to internal and external business forces

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Student Learning After the completion of the course, students will be able
Outcomes  To develop a record of transactions that have been undertaken by a
business assigning values under the correct headers
 To setup financial ledgers to identify a summary balance for a period
 to setup financial statements for a period
 To identify errors and develop correcting entries and postings
 To value assets properly and assign adjustments for use &deterioration

LEARNING RESOURCES AND TEXTBOOK(S)

Text Book(s)

Author Edition & Year Publisher ISBN

Title
Jerry J.Weygandt, Paul D. Accounting Principles 12 edition
th
Wiley 978-
Kimmel, Donald E. Kieso 1118342084

Others (Reference Books, CD ROMS, DVDs, e-Library, Internet, Articles, …)

Resource Type Description Type Comments

1. Internet Business news and Accounting Seeing Accounting issues in real

information Concepts business practices

2. Articles Discuss accounting Academic and Get a sense of Accounting theories

issues Trade articles and practices.

TEACHING STRATEGY (Online, classroom, blended, self-

directed through CD, web-based courses and DVD,…)

The class will be conducted through various activities including presentation of concepts and situations,
discussion and exchanges of ideas, student initiative and active involvement, cases reflecting real world
context, and project. Students are expected to actively involve and to take initiative for their own
learning experience.

ASSESSMENT STRATEGY AND GRADING SCHEME

Grading tool
Points
Attendance 5
Class participation 5
Participation in class activities 10
Group assignment and 10
presentation
Quiz 10
Mid Term Exam 20
Individual assignment 10
Final Exam 30

Please Refer to NSU Student Handbook, Section: “Grading Policy”

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CLASSROOM RULES OF CONDUCT

1. You may use your laptops in the class for class related work. Do not use your laptop for non-class related
work or in any manner that will be distracting to other students or the instructor.

2. Use of cell phones in class is not permitted.

3. Students are advised to frequently refer to the Student Handbook of North South University on the
following link:

4. Academic Integrity Policy:

School of Business does not tolerate academic dishonesty by its students. At minimum, students
must not be involved in cheating, copyright infringement, submitting the same work in multiple courses,
significant collaboration with other individuals outside of sanctioned group activities, and fabrications.

Students are advised that violations of the Student Integrity Code will be treated seriously, with special
attention given to repeated offences.

Please Refer to NSU Student Handbook, Sections: “Disciplinary Actions” and “Procedures and Guidelines”.

LATE ASSIGNMENT POLICY

Promptness is a highly valued attribute in the workplace. Employees are expected to plan ahead to meet
deadlines. Managers reprimand or terminate employees who are repeatedly late in submitting assignments. In this
course, submitting assignments late will be penalized. For each day late, 10 percent will be deducted from the
value of the assignment.

GROUP ASSIGNMENT POLICY

Each group (between 2-5 students) will submit an Assignment consisting of 2500 words (hard copy and electronic
copy).More details about the structure, components, time and criteria for assessment of the project will be
announced during the semester.

QUIZZES POLICY

There will be no make up for the quiz.

EXAMS & MAKE UP POLICY

In order to complete the course, students must submit all the required assignments and sit for the exams. Make-
up exams are not given unless there is a major circumstance preventing the student from sitting in the
exam (official material evidence is required). The timing of the make-up is to be fixed with the instructor of the
course if granted.

Cell phones are prohibited in exam sessions.

ATTENDANCE POLICY

5% of your grade is for attendance. You have to get into class within first few minutes of class to get attendance.
You are excused up to 3 classes. Then you will lose 1 point for each class. So, if you miss 8 class altogether, you
won’t get any points for attendance. Students are required and expected to attend all classes and participate
in class discussions. North South University mandates to fail students who are absent 25% or more from
their classes, even if such absences are excusable.

Please Refer to NSU Student Handbook, Section: “Study Principles and Policies”

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COMMUNICATION POLICY

For any electronic communications (/email) with your Lecturer, you should use North South email address. Your
email will not be answered if you use any other email account. Announcements in the Google classroom will
override any statement made here or in any other handouts. It is the student’s responsibility to be aware
of any announcements made via Google classroom.

APPROPRIATE USE POLICY

All members of the North South University community must use electronic communications in a responsible
manner. The University may restrict the use of its computers and network systems for electronic communications
subject to violations of university policies/codes or local laws or national laws. Also, the university reserves the
right to limit access to its networks through university-owned or other computers, and to remove or limit access to
material posted on university-owned computers.

STUDENTS WITH SPECIAL NEEDS

North South University will provide educational opportunities that ensure fair, appropriate and reasonable
accommodation to students who have disabilities/special needs that may affect their ability to participate in course
activities or meet course requirements. Students with disabilities are encouraged to contact their instructors to
ensure that their needs are met. The University through its Special Need section will exert all efforts to
accommodate special needs.

Please Refer to NSU Student Handbook, Section: “Special Needs Services”

STUDENTS SUPPORT AND LEARNING RESOURCES

The University Student Learning Support Center (SLSC): These centers provide academic support services to
students at NSU. The SLSC is a supportive environment where students can seek assistance with academic
coursework, writing assignments, transitioning to college academic life, and other academic issues. SLSC
programs include: Peer Tutoring, the Writing Lab, Writing Workshops, and Academic Success Workshops.
Students may also seek confidential academic counseling from the professional staff at the Center.

Please Refer to NSU Student Handbook, Section: “Student Leaning Support Center”

STUDENTS COMPLAINTS POLICY

Students at North South University have the right to pursue complaints related to faculty, staff, and other students. 
The nature of the complaints may be either academic or non-academic. 

For more information about the policy and processes related to this policy, you may refer to the students’
handbook. 

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COURSE CONTENTS &SCHEDULE

Topic Date/week
Teaching and Learning Activity

1 1st week Accounting in Action (Chapter 1)

2 2nd week The Recording Process (Chapter 2)

3 3rd week Adjusting the Accounts (Chapter 3)

4 4th week Completing the Accounting Cycle (Chapter 4)

Accounting for the Merchandising operations (Chapter 5)

5 5th week
Inventories (Chapter 6)

Midterm exam
6 6th week
Group Presentation

7 7th week Group Presentation

Accounting Information System (Chapter 7)

8 8th week Fraud and Internal Control (Chapter 8)

Accounting for Receivables (Chapter 9)

Plant Assets, Natural Resources and Intangible Assets (Chapter 10)

9 9th week Current Liabilities and Payroll Accounting (Chapter 11)

Long Term Liabilities (Chapter 15)

10 10th week Statement of Cash Flow (Chapter 17)

11 11th week Analysis of Financial Statements (Chapter 18)

Quiz
12 12th week
Revision Lecture

Exam Period Final Exam (As per University Schedule)

Note: The instructor reserves the right to make changes to the syllabus if necessary.

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