中南财经政法大学：《中级会计学 Intermediate Accounting》课程教学资源（课程教学大纲）

中南财经政法大学会计学院 School of Accounting, Zhongnan University of Economics Law 中级会计学(英文)课程 (Intermediate Accounting) 数递大编 ( SYLLABUS) 《中级财务会计》教学小组编写 Teaching Team of Intermediate Accounting 2006年2月修订 (Feb2006)

中南财经政法大学会计学院 School of Accounting, Zhongnan University of Economics & Law 中级会计学(英文) 课程 (Intermediate Accounting) 教学大纲 (SYLLABUS) 《中级财务会计》教学小组编写 Teaching Team of Intermediate Accounting 2006 年 2 月修订 (Feb.2006)

Course Nature This course is designed for undergraduate students majoring in accounting and auditing. It is arranged in the fourth or fifth semester. It is aimed to enhance students ability both in westem accounting knowledge and professional English, and to improve competitive for their job The teaching content and arrangements of this course should be strictly according to this teaching outline Teaching Objective After finishing learning this course, the students are required to understand the fundamenta western accounting theory, accounting concepts and the procedures and skills in dealing with the preparation of financial statements. By comparing the major differences of accounting treatment between U.s.A and China, the students are required to make comments on Chinese and Us accounting standards and make research on them Teaching Content Lesson 1 THE ENVIRONMENT OF FINANCIAL REPORTING L. Accounting information: users, uses, and GAAP in U.S.A 2. The development of accounting standards in U.S.A 2. 1 Brief history of development of accounting standards -CAP, APB, FASB 2. 2 Financial Accounting Standards Board(FASB 2.2.1 Organization 2.2 Statements issued by FaSB 3. Other organizations currently influencing GAAP in U.S.A 3. 1 SEC, AICPA, EITF, CASB, IRS, AAA, IASC/IASB, GASB, professional organizations 3.2 Relationship of organizations in current standard setting environment 4. Ethics in the accounting environment 5. Comparison of the development of accounting standards in China and in U.S.A (Case) Lesson 2 FINANCIAL REPORTING: ITS CONCEPTUAL FRAMEWORK 1. FASB conceptual framewo 1. 1 General value of framework 1.2 Nature and components of the FASbs conceptual framework 2. Objectives of financial reporting 3. Qualitative characteristics of accounting information

- 1 - Course Nature This course is designed for undergraduate students majoring in accounting and auditing. It is arranged in the fourth or fifth semester. It is aimed to enhance students’ ability both in western accounting knowledge and professional English, and to improve competitive for their job. The teaching content and arrangements of this course should be strictly according to this teaching outline. Teaching Objective After finishing learning this course, the students are required to understand the fundamenta western accounting theory, accounting concepts and the procedures and skills in dealing with the preparation of financial statements. By comparing the major differences of accounting treatment between U.S.A and China, the students are required to make comments on Chinese and US accounting standards and make research on them. Teaching Content Lesson 1 THE ENVIRONMENT OF FINANCIAL REPORTING Forewords I. Accounting information: users, uses, and GAAP in U.S.A. 2. The development of accounting standards in U.S.A. 2.1 Brief history of development of accounting standards – CAP, APB, FASB 2. 2 Financial Accounting Standards Board (FASB) 2.2.1 Organization 1.2.2 Statements issued by FASB 3. Other organizations currently influencing GAAP in U.S.A. 3.1 SEC, AICPA, EITF, CASB, IRS, AAA, IASC/IASB, GASB, professional organizations 3.2 Relationship of organizations in current standard setting environment 4. Ethics in the accounting environment 5. Comparison of the development of accounting standards in China and in U.S.A. (Case) Lesson 2 FINANCIAL REPORTING: ITS CONCEPTUAL FRAMEWORK 1. FASB conceptual framework 1.1 General value of framework 1.2 Nature and components of the FASB’s conceptual framework 2. Objectives of financial reporting 3. Qualitative characteristics of accounting information

3. 1 Hierarchy of qualitative characteristics 3.2 Pervasive constraint: benefits cost 3.3 Primary decision-specific qualities. 3.3.1. Relevance 3.4 Secondary decision-specific qualities- Comparability and consistency 3.5 Threshold for recognition: materiality 4. Accounting assumptions and conventions 4. 1 Assumptions- Entity, Continuity (going-concern), Period of time, Monetary unit 4. 2 Conventions-- Historical cost, Realization and recognition, matching and accrual 5. Elements of financial statements 5.1 Balance sheet -Asset, Liability, Equity 5.2 Income statement -Revenue, Expenses, Gains, Losses 5.3 Statement of cash flows-Operating cash flows, Investing cash flows, Financing cash flows 5.4 Statement of changes in equity-Investment by owners, Distribution to owners 6. Comparison of accounting concepts in China and in U.S.A.(Case) Lesson 3 THE BALANCE SHEET AND STATEMENT OF CHANGES IN STOCKholders, EQUITY Interrelationship of financial statements 2. Elements of the balance sheet 3. Measurement of the elements of the balance sheet 4. Reporting classifications on the balance sheet 4. 1 Asset and liability classifications 4. 2 Conceptual guidelines for reporting assets and liabilities 4.3 Stockholders equity classifications 5. Limitations of the balance sheet tatement of changes in stockholders'equity l Other disclosure issues 8. Reporting techniques 9. Balance Sheet analysis Lesson 4 THE INCoME STATEMENT AND INCOME rECoGNITIon 1.C。 ncepts of income 1. 1 Capital maintenance 1.2 Transactional approach Elements of the income statement 3. Income statement content 3. 1 Income from continuing operations 3.2 Results from discontinued operations 3.3 Extraordinary items 3.4 Effects of accounting changes

- 2 - 3. 1 Hierarchy of qualitative characteristics 3.2 Pervasive constraint: benefits > cost 3.3 Primary decision-specific qualities. 3.3.1. Relevance 3.3.2. Reliability 3.4 Secondary decision-specific qualities- Comparability and consistency 3.5 Threshold for recognition: materiality. 4. Accounting assumptions and conventions 4.1 Assumptions-- Entity, Continuity (going-concern), Period of time, Monetary unit 4. 2 Conventions-- Historical cost, Realization and recognition, matching and accrual accounting, Conservatism (prudence) 5. Elements of financial statements 5.1 Balance sheet – Asset, Liability, Equity 5.2 Income statement – Revenue, Expenses, Gains, Losses 5. 3 Statement of cash flows—Operating cash flows, Investing cash flows, Financing cash flows 5.4 Statement of changes in equity—Investment by owners, Distribution to owners 6. Comparison of accounting concepts in China and in U.S.A. (Case) Lesson 3 THE BALANCE SHEET AND STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY 1. Interrelationship of financial statements 2. Elements of the balance sheet 3. Measurement of the elements of the balance sheet 4. Reporting classifications on the balance sheet 4. 1 Asset and liability classifications 4. 2 Conceptual guidelines for reporting assets and liabilities 4. 3 Stockholders' equity classifications 5. Limitations of the balance sheet 6. Statement of changes in stockholders' equity II Other disclosure issues 8. Reporting techniques 9. Balance Sheet analysis Lesson 4 THE INCOME STATEMENT AND INCOME RECOGNITION 1. Concepts of income 1. 1 Capital maintenance 1. 2 Transactional approach 2. Elements of the income statement 3. Income statement content 3.1 Income from continuing operations 3.2 Results from discontinued operations 3.3 Extraordinary items 3.4 Effects of accounting changes

3.5 Earnings per share 4. Income statement formats 4.1 Single-step 5. Limitations of the income statement 8. Conceptual issues of revenue recognition 8. 1 Revenue recognition criteria 8.2 E conomic substance versus legal form 8. 3 Transfer of risks and benefits 8.4 Collectibility of receivable Revenue recognition alternatives 9.1 Normal revenue recognition 9. 2 Revenue recognition prior to the period of sale 9.3 Revenue recognition after the period of sale Lesson 5 THE STATEMENT OF CASH FLOws 1. Conceptual overview and uses of the Statement of Cash Flows 2. Structure of the statement of cash flows 2. 1 Three categories of cash flows 2.2 Supplemental disc 3. Reporting Cash Flow From Operations 3. 1 Operating cycle 3.2 Two methods 3.2.1 Direct method- Illustration 3.2.2 Indirect method- Illustration 4. Preparing a complete Statement of Cash Flows A six-step process for preparing a statement of cash flows 5. Using cash flow data to assess financial strength Chapter 6 CASH AND RECEIVABLES Accounting for cash 1.1 Measurement as a current asset 1.2 Cash and cash equivalents 1.3 Cash management 1. 4 Petty cash system 2 Bank 3. Special topics 3.1 Electronic funds transfer systems 3.2 Compensating balances 4.1 Classifications 4.1.1 Current vs noncurrent

- 3 - 3.5 Earnings per share 4. Income statement formats 4.1 Single-step 4.2 Multiple-step 5. Limitations of the income statement 6. Income Statement analysis 7. Comprehensive income 8. Conceptual issues of revenue recognition 8.1 Revenue recognition criteria 8.2 E conomic substance versus legal form 8.3 Transfer of risks and benefits 8.4 Collectibility of receivable 9. Revenue recognition alternatives 9.1 Normal revenue recognition 9. 2 Revenue recognition prior to the period of sale 9. 3 Revenue recognition after the period of sale Lesson 5 THE STATEMENT OF CASH FLOWS 1. Conceptual overview and uses of the Statement of Cash Flows 2. Structure of the Statement of Cash Flows 2.1 Three categories of cash flows. 2.2 Supplemental disclosures 3. Reporting Cash Flow From Operations 3.1 Operating cycle 3.2 Two methods 3.2.1 Direct method-- Illustration 3.2.2 Indirect method-- Illustration 4. Preparing a complete Statement of Cash Flows A six-step process for preparing a statement of cash flows. 5. Using cash flow data to assess financial strength Chapter 6 CASH AND RECEIVABLES I. Accounting for cash 1.1 Measurement as a current asset 1.2 Cash and cash equivalents 1.3 Cash management 1.4 Petty cash system 2. Bank reconciliation 3. Special topics 3.1 Electronic funds transfer systems 3.2 Compensating balances 4. Receivables 4.1 Classifications 4.1.1 Current vs noncurrent

4.1.2 Trade receivables 4.1.3 Nontrade receivables ∨a| uation issue 4.2. Initial recording based on expected future cash flows 4.2.2 Estimation of the probability of collection 5. 1 Cash(sales) discounts 5.2 Sales returns and allowances 6. Valuation of accounts receivable for uncollectible accounts 6.1 Estimated bad debts method 6.1. 1 Income statement approach 6.1.2 Balance sheet approach 6.2 Recording bad debts 6.3 Writing off uncollectible accounts 6.4 Collection of an account previously written-off Generating immediate cash from accounts receivable 7.1 Conceptual issues 7.2 Pledging 7.3 Assignment 7.4 7.5 Disclosure of fingne 8. Notes receivable (short-term) Lesson 7 INVENTORIES 1. Classifications of inventory Ill. Alternative inventory systems 2. 1 Perpet 2.2 Periodic 3. Items to be included in inventory quantities 4. Determination of inventory costs 4. 1 Items included in inventory cost 4.2 Discounts as reductions in cost 4.3 Purchase returns and allowances 4.4 Summary 5. Inventory valuation method 5. 1 Specific identification 5. 2 First-in, first-out (FIF 5.3 Average cost 5. 4 Last-in, first-out (LIFO) 6. Inventory valuation at other than cost Lower of cost or market (LCM) 6. 1. 1 Application of LCM

- 4 - 4.1.2 Trade receivables 4.1.3 Nontrade receivables 4.2 Valuation issues 4.2.1 Initial recording based on expected future cash flows 4.2.2 Estimation of the probability of collection 5. Accounts receivable 5. 1 Cash (sales) discounts 5.2 Sales returns and allowances 6. Valuation of accounts receivable for uncollectible accounts 6.1 Estimated bad debts method 6.1.1 Income statement approach 6.1.2Balance sheet approach 6.2 Recording bad debts 6.3 Writing off uncollectible accounts 6.4 Collection of an account previously written-off 6.5 Direct write-off method 7. Generating immediate cash from accounts receivable 7.1 Conceptual issues 7.2 Pledging 7.3 Assignment 7.4 Factoring of receivables 7.5 Disclosure of financing agreements 8. Notes receivable (short-term) Lesson 7 INVENTORIES 1. Classifications of inventory III. Alternative inventory systems 2. 1 Perpetual 2. 2 Periodic 3. Items to be included in inventory quantities 4. Determination of inventory costs 4.1 Items included in inventory cost. 4.2 Discounts as reductions in cost. 4.3 Purchase returns and allowances. 4.4 Summary 5. Inventory valuation methods 5. 1 Specific identification 5. 2 First-in, first-out (FIFO) 5. 3 Average cost 5. 4 Last-in, first-out (LIFO) 5. 5 Comparison 6. Inventory valuation at other than cost 6. 1 Lower of cost or market (LCM) 6. 1.1 Application of LCM

6. 1.2 Conceptual evaluation of ceiling and floor 6.1.3 Approaches to applying LCM 6. 1. 4 Recording the reduction ntory to market LCM and interim financial statements 6.1.6 Conceptual evaluation of LCM 6.2 Gross profit method 7. Effects of inventory errors Lesson 8 PROPERTY, PLANT, AND EQUIPMENT Classification as property, plant, and equipment (PPE) 2 Evaluation of use of historical cost sition of PPe Assets acquired by exchange of other assets 3. 1 Definition of nonmonetary exchange 3.2 Dissimilar productive asset exchanges 3.3 Similar productive asset exchanges 3.4 Comparison of accounting treatments in China and in U.S.A.(Case) 4.1 Interest during construction 4.2 Fixed overhead costs 5. Costs subsequent to acquisition 7. Disclosure of property, plant, and equipment 8. Depreciation and depletion 8.1 Cost allocation terms 8.2 Factors involved in depreciation 8.3 ethods of cost allocation 8.4 Conceptual evaluation of depreciation methods 8.5 Disclosure requirements for depreciation 8.6 Depreciation for partial periods 8.7 Depletion 9. Impairment of noncurrent assets 9.1 Impairment test 9.2 Measurement of loss 9.3 Conceptual evaluation Lesson 9 INTaNgIbLES 1. Accounting for intangibles 1. 2 Amortization or impairment Research and development (R&D)

- 5 - 6.1.2 Conceptual evaluation of ceiling and floor 6.1.3 Approaches to applying LCM 6.1.4 Recording the reduction of inventory to market 6.1.5 LCM and interim financial statements 6.1.6 Conceptual evaluation of LCM 6.2 Gross profit method 6.3 Retail inventory method 7. Effects of inventory errors Lesson 8 PROPERTY, PLANT, AND EQUIPMENT 1. Classification as property, plant, and equipment (PPE) 1.1 Characteristics 1.2 Evaluation of use of historical cost 2. Acquisition of PPE 3. Assets acquired by exchange of other assets 3.1 Definition of nonmonetary exchange 3.2 Dissimilar productive asset exchanges 3.3 Similar productive asset exchanges 3.4 Comparison of accounting treatments in China and in U.S.A. (Case) 4. Self-construction 4.1 Interest during construction 4.2 Fixed overhead costs 5. Costs subsequent to acquisition 6. Disposal of property, plant, and equipment 7. Disclosure of property, plant, and equipment 8. Depreciation and depletion 8.1 Cost allocation terms 8.2 Factors involved in depreciation 8.3 Methods of cost allocation 8.4 Conceptual evaluation of depreciation methods 8.5 Disclosure requirements for depreciation 8.6 Depreciation for partial periods 8.7 Depletion 9. Impairment of noncurrent assets 9.1 Impairment test 9.2 Measurement of loss 9.3 Conceptual evaluation Lesson 9 INTANGIBLES 1. Accounting for intangibles 1.1 Cost 1.2 Amortization or impairment 2. Research and development (R&D)

2.1 Definitions 2.2 Costs included as r&D 2.3 Cost treatment 2.4 Conceptual evaluation of accounting for R&D costs 3. identifiable intangible assets Unidentifiable intangibles 5. Disclosure of intangibles 5.1 In period intangible assets are acquired 5.2 In each period company presents a balance sheet 6. Conceptual evaluation of accounting for intangible Lesson 10 CURRENT LIABILITIES AND CONTINGENCIES Conceptual overview of liabilities Nature and definition of current liabilities 2.1 Liquidation expected within a year or an operating cycle, whichever is longer 2.2 Liquidity and financial flexibility 2.3 Classification Valuation of current liabilities Current liabilities having a contractual amount Current liabilities whose amounts depend on operations 6. Current liabilities requiring amounts to be estimated 7. Contingencies 7.1 Definition in fasb statement no 7.2 Accrual of loss contingencies 7.3 Disclosure of loss contingencies in notes to financial statements 7.4 Disclosure of gain contingencies in notes to financial statements Other liability classification issues 8.1 Short-term debt expected to be refinanced Presentation of current liabilities in the financial statement editor 8.2 Classification of obligations that are callable by the cr Lesson l1 long-tErm liabilItIEs AND receivables 1. Reasons for issuance of long-term liabilities 2.2 Bond selling price 2.3 Recording the issuance of bonds 2.3. Premium on bonds payable: adjunct account 2.3.2 Discount on bonds payable: contra 2.3.3 Carrying(book) value 24. Bonds issued between interest payment dates 2.5 Amortizing discounts and premiu Straight-line method 2.5.2 Effective interest method

- 6 - 2.1 Definitions 2.2 Costs included as R&D 2.3 Cost treatment 2.4 Conceptual evaluation of accounting for R&D costs 3. Identifiable intangible assets 4. Unidentifiable intangibles 5. Disclosure of intangibles 5.1 In period intangible assets are acquired 5.2 In each period company presents a balance sheet 6. Conceptual evaluation of accounting for intangibles Lesson 10 CURRENT LIABILITIES AND CONTINGENCIES 1. Conceptual overview of liabilities 2. Nature and definition of current liabilities 2.1 Liquidation expected within a year or an operating cycle, whichever is longer 2.2 Liquidity and financial flexibility 2.3 Classification 3. Valuation of current liabilities 4. Current liabilities having a contractual amount 5. Current liabilities whose amounts depend on operations 6. Current liabilities requiring amounts to be estimated 7. Contingencies 7.1 Definition in FASB Statement No. 5 7.2 Accrual of loss contingencies 7.3 Disclosure of loss contingencies in notes to financial statements 7.4 Disclosure of gain contingencies in notes to financial statements 8. Other liability classification issues 8.1 Short-term debt expected to be refinanced 8.2 Classification of obligations that are callable by the creditor 9. Presentation of current liabilities in the financial statements Lesson 11 LONG-TERM LIABILITIES AND RECEIVABLES 1. Reasons for issuance of long-term liabilities 2. Bonds payable 2.1 Terms 2.2 Bond selling prices 2.3 Recording the issuance of bonds 2.3.1 Premium on bonds payable: adjunct account 2.3.2 Discount on bonds payable: contra account 2.3.3 Carrying (book) value 2 4. Bonds issued between interest payment dates 2.5 Amortizing discounts and premiums 2.5.1 Straight-line method 2.5.2 Effective interest method

3. Extinguishment of liabilities 3. 1 Bonds retired at maturity 3.2 Bonds retired prior to maturity 4. Bonds with equity characteristics Long- term notes payable 5. 1 Notes payable issued for cash 5. 2 Notes payable exchanged for cash and rights or privileges 5.3 Notes payable exchanged for property, goods, or services 5.4 Disclosure of long- term liabiliti Lesson 12 INVESTMENTS nvestments: classification and valuation Trading securities 2 Available-for-sale securities 1.3 Held-to-maturity debt securities 1. 4 Definitions nvestments in debt and equity trading securities Investments in available-for-sale debt and equity securities 3.1 Recording initial cost 3.2. Recording interest and dividend revenue 3.3 Recognition of unrealized holding gains and losses 3.4 Realized gains(losses) on sales of securities available-for-sale 4. Investments in held-to-maturity debt securities 4.1 Recording initial cost 4.2 Recognition and amortization of bond premiums and discounts 4.2.1 Methods 4.2.1.1 Effective-interest method 4.2.1.2 Straight-line method 4.2.2Pre Premium amortization reduces investment account 4.2.3 Discount amortization increases investment account 4.3 Amortization for bonds acquired between interest dates 4.4 Sale of investment in bonds before maturity Transfers and impairments 5.1 Transfers of investments between categories (at fair value 5.2 Impairments Disclosures 7. Financial statement classification 8. Equity method 8.1 Criteria for use ounting 8.3 Financial statement disclosures Lesson 13 CoNTRibUTED CAPITAL

- 7 - 3. Extinguishment of liabilities 3.1 Bonds retired at maturity 3.2 Bonds retired prior to maturity 4. Bonds with equity characteristics 5. Long-term notes payable 5. 1 Notes payable issued for cash 5. 2 Notes payable exchanged for cash and rights or privileges 5.3 Notes payable exchanged for property, goods, or services 5.4 Disclosure of long-term liabilities Lesson 12 INVESTMENTS 1. Investments: classification and valuation 1.1 Trading securities 1.2 Available-for-sale securities 1.3 Held-to-maturity debt securities 1.4 Definitions 2. Investments in debt and equity trading securities 3. Investments in available-for-sale debt and equity securities 3.1 Recording initial cost 3.2. Recording interest and dividend revenue 3.3 Recognition of unrealized holding gains and losses 3.4 Realized gains (losses) on sales of securities available-for-sale 4. Investments in held-to-maturity debt securities 4.1 Recording initial cost 4.2 Recognition and amortization of bond premiums and discounts 4.2.1 Methods 4.2.1.1 Effective-interest method 4.2.1.2 Straight-line method 4.2.2 Premium amortization reduces investment account 4.2.3 Discount amortization increases investment account 4.3 Amortization for bonds acquired between interest dates 4.4 Sale of investment in bonds before maturity 5. Transfers and impairments 5.1 Transfers of investments between categories (at fair value) 5.2 Impairments 6. Disclosures 7. Financial statement classification 8. Equity method 8.1 Criteria for use 8.2 Accounting procedures 8.3 Financial statement disclosures Lesson 13 CONTRIBUTED CAPITAL 1. Introduction

Corporate capital structure 2.1 Definitions 2.2 Capital stock and stockholders' rights 2.3 Basic terminology 2.5 Additional paid-in capital 3. Issuance of capital stock 3.1 Issuance for cash 3.2. Stock issuance costs 3.3 Stock subscriptions 3. 4 Combined sales of stock 3.5 Nonmonetary issuance of stock 3.6 Stock splits 3.7 Stock rights to current stockholders Preferred stock characteristics 4.1 Preference as to dividends 4.2 Cumulative vs, noncumulative 4.3 Participating 4.4 Preference in liquidation 4.5 Voting rights 4.6 Disclo Contributed capital section 5.2 Disclosure requirements Lesson 14 EARNINGS PER SHARE AND RETAINED EARNINGS Earnings and earnings per share 2 Conceptual overview and uses of earnings per share information 3. Basic earnings per share 3. 1 Basic earnings per share equation 3.2 Numerator calculations 3.2.1 Noncumulative preferred stock 3.2.2 Cumulative preferred stock 3.3 Denominator calculations 3.4 Components of earnings per share Diluted earnings per share 4.1 Definitions 4.2 Two presentations Basic earnings per share Diluted earnings per share (DEPS 4.3 Computational steps 4.4 Stock options and warrants 4.5 Convertible securitie 4.6 Computation of tentative and final DEPS

- 8 - 2. Corporate capital structure 2.1 Definitions 2.2 Capital stock and stockholders' rights 2.3 Basic terminology 2.4 Legal capital 2.5 Additional paid-in capital 3. Issuance of capital stock 3.1 Issuance for cash 3.2. Stock issuance costs 3.3 Stock subscriptions 3.4 Combined sales of stock 3.5 Nonmonetary issuance of stock 3.6 Stock splits 3.7 Stock rights to current stockholders 4. Preferred stock characteristics 4.1 Preference as to dividends 4.2 Cumulative vs. noncumulative 4.3 Participating 4.4 Preference in liquidation 4.5 Voting rights 4.6 Disclosures 5. Contributed capital section 5.1 Segments 5.2 Disclosure requirements Lesson 14 EARNINGS PER SHARE AND RETAINED EARNINGS 1. Earnings and earnings per share 2. Conceptual overview and uses of earnings per share information 3. Basic earnings per share 3.1 Basic earnings per share equation 3.2 Numerator calculations 3.2.1 Noncumulative preferred stock 3.2.2 Cumulative preferred stock 3.3 Denominator calculations 3.4 Components of earnings per share 4. Diluted earnings per share 4.1 Definitions 4.2 Two presentations 4.2.1 Basic earnings per share 4.2.2 Diluted earnings per share (DEPS) 4.3 Computational steps 4.4 Stock options and warrants 4.5 Convertible securities 4.6 Computation of tentative and final DEPS

Content of retained earnings 6.1 Cash dividends 6.2 Property dividends 6.4 Stock dividends 6.5 Liquidating dividen Prior period adjustments Appropriations of retained earning 9. Statement of retained earning 9.1 Prior period adjustments 9.2 Net income 9.3 Dividends 9.4 Other deductions 10. Accumulated other comprehensive income Teaching Arrangement 1 Time allocation The total class hour is 51. with 3 scores Lectures in class are divided into 4 teaching units. The time allocation for each teaching unit is as follows Teaching Unit Basic Content Time allocated Part 1 1 The Environment of financial Re Financial 8 eporting 2 Financial Reporting: Its Conceptual Concepts, Framework Financi Statements 3 the balance sheet and the statement and related of Changes in Stockholders'Equity Disclosures 4 The income statement and income recognition 5 The statement of cash flows 5 Part 2 6 Cash and receivables 4 Financial 7 Inventories 3 Reporting Asset 8 Property, plant, and equipment Measurement and Income 9 Intangibles Determination

- 9 - 5. Content of retained earnings 6. Dividends 6.1 Cash dividends 6.2 Property dividends 6.3 Scrip dividends 6.4 Stock dividends 6.5 Liquidating dividends 7. Prior period adjustments 8. Appropriations of retained earnings 9. Statement of retained earnings 9.1 Prior period adjustments 9.2 Net income 9.3 Dividends 9.4 Other deductions 10. Accumulated other comprehensive income Teaching Arrangement 1 Time allocation The total class hour is 51, with 3 scores. Lectures in class are divided into 4 teaching units. The time allocation for each teaching unit is as follows: Teaching Unit Basic Content Time allocated Part 1 Financial Reporting: Concepts, Finanicial Statements, and Related Disclosures 1 The Environment of Financial Reporting 2 Financial Reporting: Its Conceptual Framework 8 3 The Balance Sheet and the Statement of Changes in Stockholders’ Equity 4 4 The Income Statement and income recognition 6 5 The Statement of Cash Flows 5 Part 2 Financial Reporting: Asset Measurement and Income Determination 6 Cash and Receivables 4 7 Inventories 3 8 Property, Plant, and Equipment 4 9 Intangibles 3