Preview

Acc202

Powerful Essays
Open Document
Open Document
4691 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Acc202
Faculty of Business, Economics & Accounting Department of Business Studies HELP Bachelor of Business (Hons) Year 2 & Year 3

INTERNAL SUBJECT DETAILS Semester 1, 2013
Subject: ACC 202 Financial Reporting

Subject Lecturer/Tutor: Mr Lye Kok Keong Telephone: 03-20958791 Fax: 03-20957063 Room: 22, KPD Block B, Level 4 Email: lyekk@help.edu.my

Consultation:

Please call or email for appointment

1

PRE-REQUISITE(S) ACC101 ACC203 FINANCIAL ACCOUNTING 1 FINANCIAL ACCOUNTING 2

SYNOPSIS ACC202 Financial Reporting builds on the knowledge acquired from ACC101 Financial Accounting 1 and ACC203 Financial Accounting 2. This subject requires students to consider the role of accounting in conveying an organisation’s economic and social performance. Students will be introduced to the regulatory environment for reporting entities and an overview of the conceptual framework for financial accounting prescribed by the International Accounting Standards Board and the Malaysian Accounting Standards Board. It aims to develop an awareness of conceptual issues underlying current financial reporting issues. These conceptual issues are implemented in the later topics of this subject as students study specific accounting standards that involve measurement, recognition and disclosure are applied to elements of financial statements. Students will learn to account for intangible assets such as research and development expenditure and natural resources; financial instruments; leases and hire purchase agreements; construction contracts; extractive industries; off balance sheet liabilities; employee benefits; segment reporting; and contingent and post balance sheet events. Students will be required to understand the mechanics of applying the standards, the consistency of particular standards in relation to the reporting/measurement requirements embodied within other standards and the conceptual framework. On completing this subject students should be knowledgeable of a large

You May Also Find These Documents Helpful

  • Satisfactory Essays

    ACC205

    • 1402 Words
    • 15 Pages

    Apr. 1 Jennifer Royall invested cash of $15,000 and land valued at $10,000 into the business.…

    • 1402 Words
    • 15 Pages
    Satisfactory Essays
  • Powerful Essays

    ACCT2522 course outline

    • 5700 Words
    • 23 Pages

    Australian School of Business Accounting ACCT2522 MANAGEMENT ACCOUNTING 1 Course Outline Semester 1, 2012 Table of Contents PART A: COURSE-SPECIFIC INFORMATION 1 1 STAFF CONTACT DETAILS 1 2 COURSE DETAILS 1 2.1 Teaching Times and Locations 2.2 Units of Credit 2.3 Summary of Course 2.4 Course Aims and Relationship to Other Courses 2.5 Student Learning Outcomes 3 LEARNING AND TEACHING ACTIVITIES 3.1 Approach to Learning and Teaching in the Course 3.2 Learning Activities and Teaching Strategies 1 2 2 2 3 4 4 4 ASSESSMENT 5 4.1 Formal Requirements 4.2 Assessment Details 5 5 4 5 COURSE RESOURCES 6 COURSE EVALUATION AND DEVELOPMENT 10 7 COURSE SCHEDULE 11 PART B: KEY POLICIES, STUDENT RESPONSIBILITIES AND SUPPORT 9 1 1 ACADEMIC HONESTY AND PLAGIARISM 1 2 STUDENT RESPONSIBILITIES AND CONDUCT 1 2.1 Workload 2.2 Attendance 2.3 General Conduct and Behaviour 2.4 Occupational Health and Safety 2.5 Keeping Informed 1 2 2 2 2 3 SPECIAL CONSIDERATION AND SUPPLEMENTARY EXAMINATIONS 2 4 STUDENT RESOURCES AND SUPPORT 4 PART A: COURSE-SPECIFIC INFORMATION 1 STAFF CONTACT DETAILS Position Name Lecturer/tutor Nicole Ang Lecturer/tutor Linda Chang Tutor Mandy Cheng…

    • 5700 Words
    • 23 Pages
    Powerful Essays
  • Powerful Essays

    Chapter 02 - Financial Reporting and Analysis Chapter 2 Financial Reporting and Analysis REVIEW Financial statements are the most visible products of a company‘s financial reporting process. The financial reporting process is governed by accounting rules and standards, managerial incentives, and enforcement and monitoring mechanisms. It is important for a user of financial information to understand the financial reporting environment along with the accounting information presented in financial statements. In this chapter, the concepts underlying financial reporting are discussed with special emphasis on accounting rules. Next the purpose of financial reporting is discussed – its objectives and how these objectives determine both the quality of the accounting information and the principles that underlie the accounting rules.…

    • 16407 Words
    • 66 Pages
    Powerful Essays
  • Satisfactory Essays

    acc2

    • 1323 Words
    • 5 Pages

    Corporations advantages- you can buy stock which is units of ownership, the corporate form of business protects the personal assets of the owners from the creditors of the corporation. Disadvantages- Should the corporation fail, the owners would only lose the amount they paid for their stock, Stockholders do not directly manage the corporation.…

    • 1323 Words
    • 5 Pages
    Satisfactory Essays
  • Powerful Essays

    Acct 557

    • 6881 Words
    • 28 Pages

    This course provides a framework for financial accounting concepts and practices used by internal and external users in businesses. Topics presented include the accounting cycle, financial reporting, financial statements analysis, ratio calculation and interpretation, and management decision making based on financial results.…

    • 6881 Words
    • 28 Pages
    Powerful Essays
  • Better Essays

    The purpose of this paper is to define accounting, and identify the four basic financial statements. The paper also explains how the different financial statements are interrelated to each other and why they are useful to managers, investors, creditors, and employees.…

    • 1007 Words
    • 5 Pages
    Better Essays
  • Good Essays

    Acc 290

    • 1919 Words
    • 8 Pages

    This course covers the fundamentals of financial accounting as well as the identification, measurement, and reporting of the financial effects of economic events on an enterprise. Students will learn to examine financial information from the perspective of management. Other topics include decision making, planning, and controlling from the perspective of a practicing manager.…

    • 1919 Words
    • 8 Pages
    Good Essays
  • Satisfactory Essays

    Acc 291

    • 2533 Words
    • 11 Pages

    This course covers the fundamentals of financial accounting as well as the identification, measurement, and reporting of the financial effects of economic events on an enterprise. Learning and being able to identify the four financial statements utilized by Businesses. Students will learn to examine financial information from the perspective of management. Other topics include decision-making, planning, and controlling from the perspective of a practicing manager.…

    • 2533 Words
    • 11 Pages
    Satisfactory Essays
  • Powerful Essays

    Pre-requisite Courses and Assumed Knowledge and Capabilities None Course Description Accounting for Management Decisions provides postgraduate, non-accounting students with an understanding of the role of accounting as a system of information gathering and reporting that plays an important role in business decision-making. This course is specifically designed for students with little or no prior knowledge in accounting. Objectives/Learning Outcomes/Capability Development The major learning outcomes for this course is that you should have enhanced your understanding of and developed your ability to use financial, non financial and management accounting concepts and terminology in business decision-making. Successful completion of this course means that you are expected to be able to: Use accounting in business decision-making Explain the 3 financial reports Apply major types of financial ratio analysis Use major techniques of Financial & Management accounting Understand contemporary management accounting systems…

    • 2381 Words
    • 10 Pages
    Powerful Essays
  • Powerful Essays

    Your teachers receive many emails each day. In order to enable them to respond to your emails appropriately and in a timely fashion, students are asked to observe basic requirements of professional communication:…

    • 5403 Words
    • 26 Pages
    Powerful Essays
  • Satisfactory Essays

    Itc Project

    • 12646 Words
    • 51 Pages

    This is to certify thatKhumanthem Rakesh Singh, a student of ShaheedSukhdev College of Business Studies,University of Delhi, has prepared his Project Report on “ITC Ltd.Company” under my guidance. This report has undertaken by him and no part of it has been submitted to any other University or educational institution for award of any other degree/diploma/fellowship or similar titles or prizes.…

    • 12646 Words
    • 51 Pages
    Satisfactory Essays
  • Powerful Essays

    Accounting Standards are used as one of the main compulsory regulatory mechanisms for preparation of general-purpose financial reports and subsequent audit of the same, in almost all countries of the world. Accounting standards are concerned with the system of measurement and disclosure rules for preparation and presentation of financials statements. They appear with a set of authoritative statements of how particular types of transactions, events and other costs should be recognized and reported in the financial statements. Accounting standards are devised to furnish useful information to different users of the financial statements, to such as shareholders, creditors, lenders, management, investors, suppliers, competitors, researchers, regulatory bodies and society at large and so on. In fact, such statements are designed and prescribed so as to improve & benchmark the quality of financial reporting.…

    • 6387 Words
    • 26 Pages
    Powerful Essays
  • Powerful Essays

    bonafide work of Mr. / Ms B. Gokulakrishnan who carried out the research under my…

    • 12691 Words
    • 51 Pages
    Powerful Essays
  • Good Essays

    Full Report

    • 9238 Words
    • 68 Pages

    I am submitting my Internship report and would like to take the opportunity to thank you for…

    • 9238 Words
    • 68 Pages
    Good Essays
  • Powerful Essays

    1

    • 3508 Words
    • 13 Pages

    In order to experience the real facts of travel and tourism industry, Apex College and its management had organized a proposal for internship program to BBA-TT students in various related hospitality services based industry. Regarding these bases, this report is all about internship experience, which is essential as per my course of study. I got an opportunity to work in tours and travels organization.…

    • 3508 Words
    • 13 Pages
    Powerful Essays