Accounting, the “language of business”, is a science of management and an art of interpreting, measuring, and describing economic activities as well as summarizing and communicating accounting information to decision makers. It is a major course for students of business. This course is a one-semester introductory course for second-year majors of International Business and third-year majors of Business English, conducted in English. It is offered against the background of the global convergence of accounting standards and of the reform of accounting system in China. It aims to cultivate financial or managerial talents who are acquainted with accounting theories and practice both in China and abroad and who are able to carry out accounting work in English with sound professional ethics.

The purpose of this course is to provide the students with

☆ Basic concepts and principles of accounting;

☆ Basic skills and procedures of bookkeeping & double-entry bookkeeping;

☆ Basic accounting models and the design of accounting systems in sole

   proprietorship, partnership and corporations;

☆ Financial and relevant information necessary for making strategic decisions in

   business enterprises;

☆ Relevant financial information for internal control of business enterprises.

This course also aims to achieve the following three teaching objectives:

(1) Providing basic accounting theories and principles for junior undergraduates so as to lay down a foundation for their further study of more advanced accounting courses or business courses;

(2) Developing students’ ability of critical thinking and the ability of conducting fundamental financial analysis, with particular emphasis on the students’ abilities of employing financial information to make business decisions in their future career;

(3) Improving students’ ability of using accounting English through English-medium instruction.

Textbook(s):

Guo, Guihang. Basic Accounting for Chinese Learners, 2nd edition, University of International Business and Economics Press, 2013.

Susan F. Haka, Jan R. Williams and Mark S. Bettner: Accounting: The Basis for Business Decisions. 17th edition, McGraw-Hill, Inc. / China Machine Press, 2017 (Chapters 01-15)

Guo, Guihang. Accounting English. University of International Business and Economics Press, 2017.