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11. explore financial statements and for 10. develop the cash flow statement and
decision making understand how it may be used in decision
12. familiarize variety of costs in business making
13. cover the cost-volume-profit analysis for 11. analyze financial statements and for
decision making decision making
14. explore various techniques could be used 12. understand and identify variety of costs in
for capital budgeting and financial decisions. business
13. apply the cost-volume-profit analysis for
Course outcomes: decision making
At the end of the course the students should be 14. understand various techniques could be
able to: used for capital budgeting and financial
1. define accounting and understand the decisions.
accounting systems
2. understand the nature and purposes of COURSE ASSESSMENT
accounting Coursework * 40%
3. identify and explain the accounting process or Final Exam 60 %
cycle
4. operate the treatment of accounting cycle for TOTAL 100 %
service type of business
5. record and explain the use of the perpetual and Assessment* Level of Learning
periodic inventory systems #
6. manage and report accounting for financial Quizzes plus 1, 2, 3, 4, 5, 6
assets Mid Semester
7. record the cost of plant assets and their Exam
depreciation Final Exam 1, 2, 3, 4, 5, 6
8. define and record short-term and long-term
liabilities #
9. understand and record issues or events 1. Recall
concerned with the paid-up capital of a 2. Comprehension
corporation and retained earnings 3. Understanding
4. Analysis
5. Synthesis
2
6. Application
*
Course Schedule
1. Quizzes in MCQ. Wee Topic Reference
2. Mid Semester Examination in MCQ . k
3. Final exam is a three hours comprehensive WK 1 Accounting: Introduction to Chapter 1
examination at the end of semester in MCQ. Financial Accounting
Contents:
TEACHING LEARNING METHOD • Accounting Information
Course Learning Teaching • Accounting Systems
objectives outcomes Learning Mehods • Financial Accounting
(% used) • Managerial Accounting
1-14 1-14 1 (70%)
2 (20%) Basic financial statements
3 (5%)
4 (5%)
Contents:
• Statement of Financial
Position
Teaching Learning Methods
1. Lectures • Income Statement
2. Case Studies and Problems Solving in Tutorials • Statement of Cash
3. Project Flows
4. Internet and Library Search • Relationships among
Financial Statements
ATTENDANCE • Forms of Business
Organizations
Students have to fulfil 70% class attendance requirement.
Failure to observe this rule will result in the student not being
able to sit for the final exam.
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WK The accounting cycle: capturing Chapter s
2 economic events 2, 3 & 4
Contents:
• The Accounting Cycle
• The Ledger
• The Use Of Accounts
• Debit And Credit Entries
• The Journal
• What Is Net Income
• Dividends
• Recording Revenue And
Expense Transactions
• The Trial Balance
• Adjusting Entries
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WK Accounting for Chapters 5
4 Merchandising activities & 6 Contents:
and inventories: Internal controls
Bank reconciliation statement
Contents: Petty cash
Merchandising Accounts receivable
Companies Bad Debt
Perpetual Inventory Current liabilities
Systems Long term liabilities
Periodic Inventory
Systems Plant assets and
Transactions Relating To depreciation
Sales
The Flow Of Inventory Contents:
Costs Acquisition Of Plant Assets
Discounts and Depreciation
allowances Disposal Of Plant And Equipment
Freight inwards and
outwards WK Stockholders' equity and Chapter
• Financial statements of a 6 retained earnings 13
manufacturing concern
• Assumptions of physical flow Contents:
Characteristics of corporations
Classes of capital
Paid up capital
Authorised capital
• Dividend payments
WK Cash, accounts receivable, Chapters 8 Issuance of Shares
5 accounts payable and long & 10 • Statement of Equity
term liabilities
5
WK Statement of cash flows Chapter 16 WK Capital budgeting Chapter
7 & 17 9 12(Cornett
Contents: • Fundamental concepts of et. al.) &
Statement Of Cash Flows capital budgeting 20
Preparing A Statement Of Cash Flows Discounted and non discounted
• Operational, Financing and cash flows
investment activities Payback method
Cash and accrual profit Internal rate of return
• Direct and indirect method of Present value
financial statement
Managing Cash Flows Management Accounting
concepts
Financial statements
analysis Contents:
• Management Accounting
Contents: Functions
Vertical and Horizontal Analysis • Costs behaviour
Financial ratios • Predetermined overhead rate
Types of ratios • Classification of costs
Measures Of Liquidity And Credit Risk • Period and product costs
Measures Of Profitability • Controllable and non
WK Short term and long term Chapter 4 controllable copsts
8 financing & 5 & 12 • Classification of costs
(Cornett • Flow of manufacturing costs
Short term financing et. al.) Classification of costs
Cost of capital
Factoring
Long term financing
Time value of money
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WK Job, process and activity Chapter 20 12 (Mowen &
10 based systems Contents : Hansen)
• Job costing Relevant cost
• Overhead application Types of decisions made by
rate management
• Process costing
• Cost Flow WK Budgeting as a planning Chapter 23
• Equivalent units 13 and a control tool
• Activity Based Costing
Contents:
WK Marginal and Absorption Chapter 22 • Control and planning
11 Costing as a management activity
Advantages of budgeting
Definition of marginal costing Master budget and operational
Definition of absorption costing budget
• Advantages of marginal and
absorption costing WK Standard costing Chapter 9
14 • Variance analysis (Mowen &
Cost volume profit analysis • advantages of standard costing Hansen)
Contents:
Cost behaviour and operating income Main Text
Break Even Analysis Accounting & Finance by Wild, Shaw & Chiappetta and Cornett,
Adair & Nofsinger (adapted by Dr. Ainuddin Bahari & Dr. Amirul
Margin of Safety
Shah Shahbuddin), Mc Graw Hill, SBN 987-0-390-97414-3, 2009
Assumptions of cost volume analysis
Mowen, M. and Hansen, D. 2011. Introduction to Cost Accounting.
International Edition. South-Western, Cengage Learning.
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Additional Reference
Ang Ji Li, Ainuddin Bahari, Chee Hong Kok, Daing Nasir Ibrahim,
Fauziah Md Taib, Hasnah Haron, Noor Nasir Kader Ali, Phua Lian
Kee, Siti Nabiha Abdul Khalid, Sofri Yahya & Yuserrie Zainuddin,
Edited by Hasnah Haron(2005). First ed. Accounting & Finance.