ACCT3111 2014 Syllabus 1 
THE CHINESE UNIVERSITY OF HONG KONG
School of Accountancy
ACCT 3111
Financial Reporting I
Sections A (Mon 08:30 – 11:15 pm) & B (Wed 08:30 – 11:15 pm) & C (Fri 08:30 – 11:15 am) (First Term, 2014-2015)
INSTRUCTOR
Name:
CHIU, Peng-Chia
Office:
Room 1015, 10/F, Cheng Yu Tung Building
Telephone:
3943-7835
Email:
chiupc@cuhk.edu.hk
Office hour:
Friday 3:30-5 pm or by appointment
Course website: https://elearn.cuhk.edu.hk TEACHING ASSISTANT
Name:
Wilburn Tsang
Office Location:
Room 1049, 10/F, Cheng Yu Tung Building
Telephone:
3943-7644
Email:
wilburnt@baf.msmail.cuhk.edu.hk
Office hour:
Monday to Friday 9:00 am – 5:30 pm
COURSE OBJECTIVE
This is the first of a two-course sequence in financial accounting and reporting at the intermediate level. The course aims to develop your better understanding on international financial reporting standards (IFRS), and to help you appreciate the relevance of accounting information in the capital markets. We will examine both the HOW and WHY of accounting. The business environment and accounting rules are constantly and rapidly changing both within Hong Kong and globally; so only learning the rules (i.e., HOW) is futile, if not dangerous. Understanding the economic rationale and the consequences of financial accounting (i.e., WHY) will help you be competitive in this challenging environment.
With the dramatic growth in global trade and the accelerated internationalization of capital markets, this has brought accounting harmonization to the forefront as an international business issue. The primary economic reason in favor of international accounting harmonization is that major differences in accounting standards and practices across nations act as a barrier to capital flow and the development of stock markets. As a result, in this century, financial reporting by most large companies in the world has undergone a major transformation from local national GAAP to a high-quality international accounting standards (IFRS).
School of Accountancy
ACCT 3111
Financial Reporting I
Sections A (Mon 08:30 – 11:15 pm) & B (Wed 08:30 – 11:15 pm) & C (Fri 08:30 – 11:15 am) (First Term, 2014-2015)
INSTRUCTOR
Name:
CHIU, Peng-Chia
Office:
Room 1015, 10/F, Cheng Yu Tung Building
Telephone:
3943-7835
Email:
chiupc@cuhk.edu.hk
Office hour:
Friday 3:30-5 pm or by appointment
Course website: https://elearn.cuhk.edu.hk TEACHING ASSISTANT
Name:
Wilburn Tsang
Office Location:
Room 1049, 10/F, Cheng Yu Tung Building
Telephone:
3943-7644
Email:
wilburnt@baf.msmail.cuhk.edu.hk
Office hour:
Monday to Friday 9:00 am – 5:30 pm
COURSE OBJECTIVE
This is the first of a two-course sequence in financial accounting and reporting at the intermediate level. The course aims to develop your better understanding on international financial reporting standards (IFRS), and to help you appreciate the relevance of accounting information in the capital markets. We will examine both the HOW and WHY of accounting. The business environment and accounting rules are constantly and rapidly changing both within Hong Kong and globally; so only learning the rules (i.e., HOW) is futile, if not dangerous. Understanding the economic rationale and the consequences of financial accounting (i.e., WHY) will help you be competitive in this challenging environment.
With the dramatic growth in global trade and the accelerated internationalization of capital markets, this has brought accounting harmonization to the forefront as an international business issue. The primary economic reason in favor of international accounting harmonization is that major differences in accounting standards and practices across nations act as a barrier to capital flow and the development of stock markets. As a result, in this century, financial reporting by most large companies in the world has undergone a major transformation from local national GAAP to a high-quality international accounting standards (IFRS).
References: Charts and Graphs etc). Thus, your group has complete freedom on matters to be included in the report and the format of the report. Assessment Criteria Quality of the finding Depth of investigation Clarity of expression Adequacy of supporting