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- COURSE OBJECTIVES
This course aims at:
- CO1: providing a basic understanding of financial statements including statement of financial position, statement of profit or loss and statement of cash flows for both a single company and a simple group of companies.
- CO2: providing students specific accounting practical skills in preparing the basic financial statements for entities and the simple consolidated financial statements.
- CO3: addressing the interpretation of financial statements using financial ratios and narrative information.
- CO 4: improving students’ English proficiency
- CO5: nurturing students’ ability of self-studying, working independently, well adapting to change.
- COURSE CONTENTS
No.
Contents
Time Allocation
Contribution to CLO
Hour(s) on the class
Essays, exercise,
Assignments...
(3)
Self-study with teacher’s tutorials
(4)
Lecture
(1)
Practice, Seminar…
(2)
1
Chapter 1: Control accounts
Chapter 2: Bank reconciliations
2
1
1.5
5.5
1,4,5,6,7
2
Chapter 3: Correction of errors
2
1
1.5
5.5
1,4,5,6,7
3
Chapter 4: Incomplete records
2
1
1.5
5.5
1,4,5,6,7
4
Chapter 5: Preparation of financial statements for sole traders
2
1
1.5
5.5
1,4,5,6,7
5
Chapter 6: Introduction to company accounting
2
1
1.5
5.5
1,4,5,6,7
6
Chapter 7: Preparation of financial statements for companies
2
1
1.5
5.5
1,4,5,6,7
7
Midterm examination
2
1
1.5
5.5
1,4,5,6,7
8-9
Chapter 8: Events after the reporting period
Chapter 9: Statement of cash flows
4
2
3
11
2,4,5,6,7
10
Chapter 10: Introduction to consolidated financial statements
2
1
1.5
5.5
2,4,5,6,7
11-13
Chapter 11: The consolidated statement of financial position
6
3
4.5
16.5
2,4,5,6,7
14
Chapter 12: The consolidated statement of profit or loss
2
1
1.5
5.5
2,4,5,6,7
15
Chapter 13: Interpretation of financial statements
2
1
1.5
5.5
3,4,5,6,7
Total (hours)
30
15
22,5
82,5
- COURSE ASSESSMENT
- Score ladder: 10
- Type of assessment
Form
Content
Criteria
CLO
Proportion
Formative
Attendance, quiz
Knowledge about a trial balance and the basic financial statements for companies (excluding the statement of cash flows);
English language proficiency;
Ability of self-learning and working independently; Professional ethics.
The number of attendances and participation in lesson (5%); Quick test (Quiz, short exercise: 30 minutes (5%)
1,4,5,6,7
10%
Midterm test
Knowledge and practical skills to prepare a trial balance and the basic financial statements for companies (excluding the statement of cash flows);
English language proficiency;
Ability of self-learning and working independently; Professional ethics.
60-minute test comprises MCQs and exercises.
1,4,5,6,7
30%
Report
Group or individual assignment
Summative
Final test
Knowledge and practical skills to: (1) prepare a trial balance, the basic financial statements for companies (including the statement of cash flows) and the simple consolidated financial statements; (2) analyze financial statements of companies.
English language proficiency;
Ability of self-learning and working independently; Professional ethics.
60-minute test comprises MCQs and exercises.
1,2,3,4,5,6,7
60%
Total:
100%