Accounting Principles, 7th ed., Hermanson,
Edwards and Maher (Required)
Working Papers, Vol. I (Required)
Study Guide, Vol. I (Required)
Computerized Tutorial (Optional but free!)
|This is the first course ever taught at Loyola College (started
Fall 1998) using virtual lectures. What is meant by a virtual lecture along
with the rationale for using the approach is fully explained here.
The course focuses on financial accounting, which provides financial information primarily for decision-makers outside the entity. This financial information is provided to external decision-makers primarily by means of general-purpose statements of operating results, financial position, and cash flow. The course concentrates on the application of accounting theory, standards, principles, and procedures to accounting problems. The fundamental rationale for the various aspects of financial accounting are stressed. The course is designed both as an introduction to financial accounting which may be followed by more in-depth study in subsequent courses and as the first semester of a two-semester survey course in basic accounting for those who do not intend to continue their accounting education. Students acquire a basic knowledge of the language of business.
|1. To introduce students to accounting as the "language of business"
the various financial accounting topics covered in the course with the
understanding that some students may pursue more in-depth study in
subsequent courses while others do not intend to continue their
2. To teach students to apply accounting theory, standards, principles and
procedures to practical accounting problems in the elementary topical areas
covered in the course.
3. To teach students the fundamental rationale for the various financial
accounting procedures introduced in the course.
4. To introduce students to the American Institute of CPA's Code of
5. To introduce students to the accounting environment through the use
of the text, multimedia presentations and the Internet.
6. To require students to more fully develop their critical thinking skills.
7. To make learning accounting both interesting and fun. :-)
OTHER SYLLABUS COMPONENTS:
OVERVIEW OF COURSE APPROACH
CONDUCT OF "ACTUAL" CLASSES
TESTS AND FINAL EXAMINATION
|To view the future of accounting via a spaceship, click on the "Take the Journey" link.|