Course Syllabus: ACC 222 – Financial Accounting
Course Overview
Course Description
ACC 222 covers the fundamentals of financial accounting under U.S. GAAP. Topics include the accounting cycle, financial statements, revenue recognition, inventory valuation, internal controls, and the interpretation of accounting data for stakeholders.
Course Learning Outcomes (CLOs)
Upon successful completion of this course, students will be able to:
- CLO 1: Record business transactions using double-entry accounting and the accounting cycle.
- CLO 2: Prepare and interpret income statements, balance sheets, and cash flow statements.
- CLO 3: Apply GAAP principles to revenue, inventory, and depreciation scenarios.
- CLO 4: Evaluate internal controls and fraud prevention in financial reporting.
- CLO 5: Analyze financial statement data to assess organizational performance.
Instructional Framework & Weekly Outline
1. Week 1: Accounting Environment & GAAP
Focus: Introduction
Topics Covered: Purpose of financial accounting; GAAP and standard-setters
Required Reading: Accounting Principles Ch. 1
Assignments:
- Discussion: Users of Financial Statements
- Accounting Environment Quiz
2. Week 2: The Accounting Cycle
Focus: Transaction Analysis
Topics Covered: Debits and credits; Journal entries; Trial balance
Required Reading: Accounting Principles Ch. 2–3
Assignments:
- Discussion: Transaction Scenarios
- Accounting Cycle Problem Set
3. Week 3: Income Statement & Revenue Recognition
Focus: Performance Reporting
Topics Covered: Revenue recognition (ASC 606 overview); Expense matching
Required Reading: Ch. 4: Accrual Accounting
Assignments:
- Discussion: Revenue Timing Issues
- Income Statement Preparation
4. Week 4: Balance Sheet & Asset Valuation
Focus: Financial Position
Topics Covered: Current assets; Depreciation methods; Intangibles
Required Reading: Ch. 5–6: Assets
Assignments:
- Discussion: Asset Valuation Choices
- Balance Sheet Exercise
5. Week 5: Liabilities & Equity
Focus: Financing Structure
Topics Covered: Current and long-term liabilities; Stockholders equity
Required Reading: Ch. 7–8: Liabilities & Equity
Assignments:
- Discussion: Debt vs. Equity
- Liabilities Problem Set
6. Week 6: Cash Flow Statement
Focus: Liquidity Analysis
Topics Covered: Operating, investing, financing activities; Direct vs. indirect method
Required Reading: Ch. 9: Statement of Cash Flows
Assignments:
- Discussion: Cash vs. Profit
- Cash Flow Statement Build
7. Week 7: Internal Controls & Fraud Prevention
Focus: Assurance
Topics Covered: COSO framework; Segregation of duties; Fraud triangle
Required Reading: Internal control reader
Assignments:
- Discussion: Control Weakness Case
- Internal Control Evaluation
8. Week 8: Capstone — Financial Statement Analysis
Focus: Synthesis
Topics Covered: Ratio analysis; Trend analysis; Decision use
Required Reading: Full course review
Assignments:
- Discussion: Analyst Perspective
- Financial Analysis Report (Capstone)
- Proctored Final Exam
Grading Criteria & Evaluation Metrics
| Assessment Category | Weight | Description |
|---|---|---|
| Weekly Discussion Forums (8×) | 25% | Substantive initial post plus peer responses each week. |
| Quizzes & Objective Assessments (2×) | 15% | LMS proficiency, concept checks, and policy compliance. |
| Weekly Skills Deliverables (4×) | 35% | Applied assignments aligned to course learning outcomes. |
| Final Examination / Capstone | 25% | Comprehensive assessment; minimum 70% required to pass. |
Standard U.S. higher education grading scale applies (A–F). Final examination minimum 70% required for course completion per CCU academic policy.
Blueprint for LMS Course Architecture
When setting up this course inside the LMS backend, use the following layout for clean UI/UX:
[CCU-ACC222] COURSE ROOT │ ├── 📂 Course Introduction & Start Here (Module 0) │ ├── 📄 Welcome Video from the Dean/Instructor │ ├── 📄 Master Syllabus (PDF Download) │ ├── 📄 Academic Integrity Pledge (Required Verification) │ └── 💬 Student Lounge (Social Forum) │ ├── 📂 Week 1 … Week 8 Modules │ ├── 📄 Overview & Learning Objectives │ ├── 🔗 Required Readings & Media Lecture Links │ ├── 💬 Discussion Board │ └── 📝 Quiz / Weekly Deliverable │ └── 📂 Final Exam & Course Completion
Instructor Best Practice: Require Module 0 (Start Here) and Academic Integrity Pledge at 100% before unlocking Week 1 content.