Financial Accounting

General Course Information

Course Lecturer Name(s): Mr. Troy J. Noel BA, MSc, FCCA

Course Director Name: N/A

Course Lecturer(s) Contact Information:  444 – 4175 ext. 3475

Course Director Contact Information: N/A 

Course Lecturer(s) Office Hours:  Mondays & Wednesdays 3:00 PM to 5:00 PM  Tuesdays & Thursdays 2:30 PM to 5:30 PM

Course Director Office Hours:        N/A

Course Lecturer(s) Office Location:  Building C – Windward Hall

Course Director Office Location:       N/A

Course Support:   Tracy Fortune,, ext. 3373

Course Management tool: To learn to use Sakai, the Course management tool, access the link

Course Curriculum Information

Course Description: 

This course introduces students to the study of financial statements.  It shows them how to prepare, analyze and interpret these statements.

Course Objectives: 

  1. Build on the basic principles underlying the logic of accounting covered in the introduction to Financial Accounting;
  2. Prepare various financial statements given a list of Trial Balance balances for a specific period;
  3. Discuss the kind of information that may be gained about a business entity given its financial statements and be knowledgeable about various issues relating to the Income Statement,
  4. Balance Sheet and the Statement of Cash Flows; iv. Articulate how accounting decisions impact various parties such as management, owners, creditors and employees; 
  5. Discuss specific assets and liabilities accounts with regards to the preparation of financial Statements and adjustments;

Student Learning Outcomes:

  1. Preparation of Financial Statements for various entities;
  2. Distinguishing between a service and a merchandising organization;
  3. Preparation of a Bank Reconciliation Statement for an entity;
  4. Preparation of the Stockholders Equity section of the Balance Sheet;
  5. Definition and understanding of internal control and the expression of its importance to the business entity;
  6. Analysis of a financial statement using ratios, horizontal and vertical analysis;

Program Outcomes Met By This Course:

ISLO-1: Students will be able to apply ethical skills to lead and manage in their respective business discipline.

ISLO-2: Students will be able to utilize the relevant ICT tools to analyze problems and propose solutions that aid in management decision making. 

ISLO-3: Students will be able to demonstrate effective written and oral communication skills.

ISLO-5: Students will be able to analyze financial and non-financial reports to assist local and global internal managers and external users in making decisions.

SAS Grading Scale: Grades will be assigned as follows:

A  = 89.5% or better

B+ = 84.5 - 89.4%

B  = 79.5 - 84.4%

C+ = 74.5 - 79.4%

C = 69.5 - 74.4%

D = 64.5 - 69.4%

F = 65% or less 

Course Materials:

  • Prescribe Text: Financial Accounting (6th Edition) by Harrison and Horngren Additional Resources: 
  • Any Financial Accounting Text

Course Grading Requirement:

Grades will be based on the following:


Homework Assignments (6 Questions in total)


Topic Quizzes                                                     




Mid-Term Exam                                              


Final Examination - Project                             


Final Examination – Presentation                   


Final Examination                                           


Course Schedule







The Financial Statements

Chapter 1




Transaction Analysis

Chapter 2


Quiz # 1 – Chapter 1


Transaction Analysis


Using Accrual Accounting to Measure Income



Chapter 3


Quiz # 2 – Chapter 2



Using Accrual Accounting to Measure Income

Chapter 3




Using Accrual Accounting to Measure Income

Internal Control and Cash




Chapter 4


Quiz # 3 – Chapter 3


Internal Control and Cash





Review For Examination



Quiz # 4 – Chapter 4 Assignment # 1 Due







Merchandise Inventory and Cost of Goods Sold

Chapter 6




Stockholders’ Equity

Chapter 9


Quiz # 5 – Chapter 6


Stockholders’ Equity

Financial Statement Analysis

Chapter 9

Chapter 13




Financial Statement Analysis

The Statement of Cash Flows



Chapter 12


Quiz # 6 – Chapter 9


The Statement of Cash Flows

Group Working and Presentation Preparation




Quiz # 7 – Chapter 13


Group Presentation on the Final Project





Review For Examination



Assignment # 2 Due






School of Arts and Sciences Master Syllabi — Info for All Sections

Plagiarism Policy

Academic Integrity

The St. George’s University Student Manual (2019/2020) states as follows:

Plagiarism is regarded as a cardinal offense in academia because it constitutes theft of the work of someone else, which is then purported as the original work of the plagiarist. Plagiarism draws into disrepute the credibility of the Institution, its faculty, and students; therefore, it is not tolerated” (p. 48).

Plagiarism also includes the unintentional copying or false accreditation of work, so double check your assignments BEFORE you hand them in.

Be sure to do good, honest work, credit your sources and reference accordingly and adhere to the University’s Honor Code. Plagiarism and cheating will be dealt with very seriously following the university’s policies on Plagiarism as outlined in the Student Manual.

Your work may be subject to submission to plagiarism detection software, submission to this system means that your work automatically becomes part of that database and can be compared with the work of your classmates.

Attendance Requirement

The St. George’s University Student Manual (2019/2020) states as follows:

Students are expected to attend all classes and or clinical rotations for which they have registered. Although attendance may not be recorded at every academic activity, attendance may be taken randomly. Students’ absence may adversely affect their academic status as specified in the grading policy. If absence from individual classes, examinations, and activities, or from the University itself is anticipated, or occurs spontaneously due to illness or other extenuating circumstances, proper notification procedures must be followed. A particular course may define additional policies regarding specific attendance or participation” (p. 9).

Examination Attendance

The St. George’s University Student Manual (2019/2020) states as follows:

All matriculated students are expected to attend all assigned academic activities for each course currently registered. Medical excuses will be based on self-reporting by students. Students who feel they are too sick to take an examination or other required activity on a specific day must submit the online SAS medical excuse, which is available on Carenage. Students are only allowed two such excuses a year. Upon consultation with the Director of University Health Service, the third excuse will result in a mandatory medical leave of absence. The policies regarding make-up examinations are at the option of the Course Director” (p.46).

For additional specific examination policies and procedures, refer to the St. George’s University Student Manual (2019/2020), pages 31 through 37.

Student Accessibility and Accommodation Services Policy

The St. George’s University Student Manual (2019/2020) states as follows:

A student with a disability or disabling condition that affects one or more major life activities, who would like to request an accommodation, must submit a completed application form and supporting documentation to the Student Accessibility and Accommodation Services (SAAS) located in the Dean of Students Office. It is highly recommended that students applying for accommodations do so at least one month before classes begin to allow for a more efficient and timely consideration of the request. If a fully completed application is not submitted in a timely fashion, an eligibility determination may not be made, and accommodations, where applicable, may not be granted prior to the commencement of classes and/or examinations” (p. 8).


It is the responsibility of the student to read and understand the policies, laws, rules and procedures that while they could affect your grade for a course, have not been specifically outlined in the course syllabus. These are contained in the St. George’s University Student Manual.