MBA COURSE

SYLLABUS

ARAB ACADEMY FOR SCIENCE, TECHNOLOGY AND MARITIME TRANSPORT

GRADUATE SCHOOL OF BUSINESS

ACCOUNTING & FINANCIAL REPORTING

SYLLABUS

COURSE INFORMATION
CREDITS 3 PRE-REQUISITES
DAYS AND TIMES Every other Saturday @ 10:00AM LOCATION Online
COURSE CODE ACC913

INSTRUCTOR INFORMATION
NAME Karim Elfaham E-MAIL [email protected]; [email protected]
Please contact me for any help via email, and I will
OFFICE
OFFICE AAST-CMT-Alexandria (A219) get back to you with needed arrangements within 72
HOURS
hours.

DESCRIPTION
This course is designed to give candidates the fundamental knowledge of financial accounting. Candidates are
intended to be acquainted with the basics of the accounting cycle; to properly process, classify and record
business transactions and events.
After finishing this course; candidates are expected to be able to acquire and demonstrate a critical knowledge
and understanding of the use of financial reporting external to the organization: the financial statements, their
underlying principles and fundamental techniques of analysis and interpretation. Moreover, they are expected
to be able to understand the principles and concepts governing the preparation of financial statements by
business organizations; and to prepare and analyze basic financial statements for sole-proprietorships. In
particular, the course is aimed at providing the candidates with the tools to be able to interpret financial reports
in their current and future roles as managers, investors, or other users of accounting information. In addition
to familiarize the candidates with the basics of merchandising operations.

LEARNING OBJECTIVES
The course’s learning objective can be summarized in the following points;
• Develop an overview of the financial reporting process;
• Properly process, classify and record business transactions and events;
• Acquire and demonstrate a critical knowledge and understanding of the use of financial reporting
external to the organization: the financial statements, their underlying principles and fundamental
techniques of analysis and interpretation;
• Understand the principles and concepts governing the preparation of financial statements by business
organizations;
• Understand the basic concepts of merchandising operations.

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TEXTBOOKS AND ADDITIONAL REFERENCES

1. Lecture notes and any additional materials suggested throughout the course.

Fundamental Accounting Principles, Middle East Edition, 2nd Edition, John J.Wild, Ken W.Shaw
2.
Barbara Chiappetta, and Khaled Samaha, McGraw-Hill Education.
Financial Accounting, Global Edition, 6th Edition, Robert Libby, Patricia A. Libby, Daniel G.
3.
Short, McGraw-Hill Education.
Accounting Principles IFRS Version, Global Edition, Jerry J. Weygandt, Paul D. Kimmel, and
4.
Donald E. Kieso, Wiley.
Financial Accounting, IFRS Standards, 11th Edition, Walter T Harrison Jr., Charles T. Horngren,
5.
C. William (Bill) Thomas, Wendy M.Tietz, and Themin Suwardy, Pearson Education.

TEACHING METHODOLOGY
The primary method of instruction in this course will be online lectures via Zoom, with the help of a virtual
classroom on Google Classroom. If there is something you don’t understand in lectures, please interrupt to
ask for further explanation. If I cannot fully explain the issue to your satisfaction or if it will take too long to
provide a complete explanation, I may ask you to hold off until the end of the lecture. Candidates will be
expected to actively participate in online classroom discussions, and read and solve problems out of class.
I will always try to briefly mention the materials to be covered in the next class. If a candidate wants to read
ahead, which is a very good idea, the outline shows the topics I deem most important. Finally, I always find
that the more successful candidates attend class regularly. The material presented in class and the input of
other candidates cannot but further your understanding of the material covered in this class, so please try to
attend regularly.
COURSE TOPICS

Lecture Topics
1 Importance of Accounting, Transaction Analysis and the Accounting Equation.

2 Meaning of Financial Statements, the Account and its Analysis, the Use of Debits and Credits,
Journalizing and Posting Transactions and Preparation of a Trial Balance.
3 Preparation of Financial Statements in Relation to the Basic Accounting Principles and
Assumptions.
4 The Adjustments Process; Prepaid Expenses and Unearned Revenues.
5 Midterm exam

6 The Adjustments Process; Accrued Revenues and Accrued Expenses, Preparation of Adjusted
Trial Balance and Financial Statements.
7 The Closing Process, Preparation of Post-Closing Trial Balance and Classified Balance Sheet.
8 Accounting for Merchandising Operations.
9 Project Presentations
10 Final Exam
*please note that this above schedule is a tentative one and changes may be necessary as the semester unfolds

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COURSE REQUIREMENTS
EXAMINATIONS (Midterm Exam and Final Exam):
- Examinations will cover the assigned reading materials, lectures, and topics discussed in class. Exam
questions will take a variety of forms including, but not limited to, essay questions, short answer questions,
multiple-choice and true or false questions and problem solving.
- Two examinations will be given in this course: a midterm exam and a final exam at the regularly scheduled
exam dates.
- Performance throughout this course will be judged against the following criteria;
1. Knowledge of relevant concepts and issues.
2. Depth of understanding and critical evaluation.
3. Evidence of acquiring appropriate analytical skills.

PROJECT:
A written group research project should be delivered in the 5th meeting along with a presentation. The
presentation may contain PowerPoint presentation or other graphics as you see fit to get your point across.
The subject of the project should be from the approved list and needs to be proposed for approval by the
instructor by the 2nd meeting. The project focuses on applying the concepts and methods discussed in the
course in a document of 5-10 pages (approximately 1,000 – 4,000 words). Each group will need to provide a
list of references used written at the end of the report. Please acquaint yourself with the current academic
policy regarding dishonesty and plagiarism while preparing your papers. Academic misconduct, including all
forms of cheating or plagiarism, will be penalized by failing the course. Each group will agree on one of the
following topics and report a project proposal including project’s members and the project’s title to the
instructor by the 2nd meeting. Each group has some latitude in choosing the project context, although the
instructor will approve your project context and other project items as the project proceeds. Examples of
project themes may include;
1. Introducing the Accounting Cycle.
2. The Importance of Financial Accounting in Today’s Business Environment.
3. Understanding the Accounting Equation, the Use of Debits and Credits.
4. Understanding the Importance of Adjustments.
5. Accounting Principles GAAP vs. IFRS.
6. The Closing Process and Completing the Accounting Cycle.
7. Inventory Accounting Systems; Perpetual vs. Periodic.
8. New Trends in Financial Accounting and the Use of Computerized Systems.
9. Management Accounting vs. Financial Accounting.
10. Users and Uses of Accounting Information.

• Project Groups
Select a group of four members taking into consideration that all team members are expected to work on the
project and have fair contributions.

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• Project Deliverables and Grading
- Proposal: A preliminary draft of one page as a maximum is to be submitted for instructor approval by the
2nd meeting. The draft does not need to have any specific format, but needs to convey your project
proposal.
- Completed project report: Completed projects are to be submitted in a report form, both hard and soft
copies, by the 5th meeting and will be graded out of 10 points.
- Project Presentation: A 10-15 minutes’ online presentation by each group is to be held in our 5th meeting
and will be graded out of 10 points.
- Presentation evaluation: Presentations will be evaluated based on a project evaluation form that details
specific criteria. Presentations evaluated as outstanding will be granted the full 20 marks and might be
granted a 5-marks bonus.
CANDIDATE EVALUATION PLAN (AAGSB SCALE)
Class Participation 10%
Midterm 30%
Project 20%
Final Exam 40%

ACADEMIC POLICIES

Academic Integrity
Academic honesty is of utmost importance at AAGSB. Students are expected to demonstrate academic
integrity by completing their own work, assignments and other assessment exercises. Submission of work
from another person, whether it is from printed sources or someone other than the student; previously graded
papers; papers submitted without proper citations; or submitting the same paper to multiple courses without
the knowledge of all instructors involved can result in a failing grade. Incidents involving academic
dishonesty will be reported to AAST/GSB officials for appropriate sanctions.
Furthermore, students must always submit work that represents their original words or ideas. If any words or
ideas used in a class posting or assignment submission do not represent the student’s original words or ideas,
all relevant sources must be cited along with the extent to which such sources were used. Words or ideas that
require citation include, but are not limited to, all hard copy or electronic publications, whether copyrighted
or not, and all verbal or visual communication when the content of such communication clearly originates
from an identifiable source.

Attendance
Due to the nature of the MBA courses, attendance and class participation are both important aspects of the
learning experience. For this reason, students are expected to arrive to class on-time, to attend all classes, and
actively participate in class discussions.

Make-up
Scheduled class meetings that do not take place because of declared holidays, instructor illness or any
unforeseen circumstances will be rescheduled by the instructor and coordinated with the program
administration.

Accommodating Special Needs:

Students with documented disabilities and special needs – both physical and learning disabilities should meet
the Student Support Manager to discuss ways to enable academic success. All information remains
confidential.

THANK YOU AND BEST OF LUCK

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