Financial Accounting (I)
Pusan National University
Busan, South Korea
Area of Study
Taught In English
Recommended U.S. Semester Credits0
Recommended U.S. Quarter Units0
Hours & Credits
This course provides the first component of two consecutive courses in Intermediate Financial Accounting.
A prerequisite for this course is the exposure to the Priciples of Accounting.It explains both conceptual and practical issues related to major financial statement elements including important asset and liability items.
The issues related to owners' equity, revenue, and expense items are discussed in the sequel course entitled "Intermediate Accounting(II).
Students are expected to develop proper understanding of the nature of individual accounts as well as sufficient practical skills.
Specifically, this course aims:
(1) To promote understanding of basic concepts of financial accounting.
(2) To cultivate abilities to process accounting data to prepare financial reports.
(3) To enhance creative problem-solving ability in accounting area by analysing financial statement information.
(4) To strengthen practical competence in accounting issues.
As the first course devoted to Intermediate Financial Accounting course series, this course explains conceptual as well as practical aspects of key asset and liability items such as financial instruments in general, including cash & cash equivalents, accounts receivable, debt and equity securities, bonds payable, and other asset and liability accounts of inventory, property, plant, & equipment, intangible assets, current and non-current liabilities.
Mid-term Exam 30%
Final Exam 50%
Class Activity 20%