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Principles of Accounts Acc1002X

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Principles of Accounts Acc1002X
National University of Singapore NUS Business School Department of Accounting ACC1002X Financial Accounting Syllabus

Course:

Financial Accounting (ACC1002X) Semester 1 of Academic Year 2012/2013 Section 1: Friday 10:00am – 12:00pm Section 2: Friday 2:00pm – 4:00pm

Semester:

Lecture Time:

Lecture Venue: BIZ2 Lecture Theater 16 Teaching Team:
Name Dr. Aimee SHIH Dr. MA Guang Belinda LEE Andrea LOW Philip TOH Role Lecturer (Coordinator) and Tutor Lecturer and Tutor Tutor Tutor Tutor Email address bizaimee@nus.edu.sg bizmag@nus.edu.sg bizcwcb@nus.edu.sg bizwyya@nus.edu.sg biztkpp@nus.edu.sg Office BIZ1 #07‐31 BIZ1 #07‐13 ‐‐ ‐‐ ‐‐

Course Description and Goals:
Accounting produces much of the information used to understand corporations. The activities of a business entity are summarized by the financial accounting process and published into financial statements. Financial statements are used by investors, lenders, customers, suppliers, managers and the government for decision‐making purposes. A solid understanding of financial accounting is one of the basic building blocks of becoming informed users of firms’ external financial accounting reports. The goal of this course is to introduce you to the principles of financial accounting and familiarize you with the financial statements. You will learn how to read, understand and use published financial statements for decision‐making. To accomplish this goal, we will develop the fundamentals of each topic, understand the implications of those fundamentals through examples and integrate the topic into the framework of the accounting process and financial statements. An understanding of what can be inferred from the financial statements about the past performance, present position, and future prospects of the firm will be developed.

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