UNIVERSITI TUNKU ABDUL RAHMAN (UTAR)
FACULTY OF ACCOUNTANCY AND MANAGEMENT (FAM)
Course Plan
UKAF4034 ADVANCED CORPORATE REPORTING
1.
Course Code
& Course
Name:
2.
Programme
of Study:
Bachelor of Accounting (Honours)
3.
Year of
Study:
Year Four
4.
Year and
Trimester:
202301
5.
Credit Hour
4 credit hours
6.
Lecturing
hours
3 hours lecture per week for the duration of 14 weeks
1.5 hours tutorial per week for the duration of 14 weeks
Lecturer and tutor: Wong Teck Keong
Tutor : Dr Lim Wan Leng
Tutor : Ms Lim Wei Yin
Tutor : Ms Puvaneswan a/p Veloo
7.
Name (s) of
Academic
Staff:
8.
Moderator:
9.
Mode of
Delivery:
Lectures and Tutorials
Course
Learning
Outcomes
(CLO):
Upon completion of this unit, students should be able to:
10.
Puan Faridah Hanum
CLO 1- Prepare the consolidated financial statements in compliance with
Malaysian Financial Reporting Standards (MFRS)
CLO 2- Appraise appropriate accounting treatments, reporting and disclosure
requirements for financial reporting purposes in compliance with MFRS
CLO3 – Apply critical thinking skills when making judgement on accounting
treatments in accounting standards.
Course Plan of UKAF4034 Advanced Corporate Reporting
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11.
References:
Main References:
1.
Mary Margaret Francis et al., (2018), Financial Accounting and Reporting
3 (1st ed.). Oxford University Press
2.
Lazar, J.(2018). Company and Group Financial Reporting. (9th ed.).
Prentice Hall: Kuala Lumpur.
3.
Ng, E.J., (2012). A Practical Guide to Financial Reporting Standards. (4th
edition) (Malaysia) CCH Asia Pte. Ltd.
4.
Lazar, J. and Huang, C.C. (2014). Malaysian Financial Reporting
Standards for Malaysia. (4th ed.). Kuala Lumpur: McGraw Hill.
5.
ACCA Strategic Business Reporting – Practice & Revision Kit by BPP
Professional Education
6.
ACCA Strategic Business Reporting – Workbook by BPP Professional
Education
7.
Relevant Accounting Standards and Extant Accounting Standards adopted
by MASB.
8.
Relevant Accounting Standards and updates by IFRS (www.ifrs.org)
Additional References:
1.
Lam, N. and Lau, P (2011). Intermediate Financial Reporting- An IFRS
Perspective (2nd edition), McGraw Hill
2.
Elliot, B. & Elliot, J. (2018). Financial Accounting and Reporting (18th ed.).
Harlow, England: Financial Times Prentice Hall.
12
Constructive
Alignment
Table
No
CLO
PLO
1
CLO1
1
2
CLO2
1
3
CLO3
3
Delivery
Methods
C/A/P and
Taxonomy
Level
Lecture,
Tutorial
Lecture,
Tutorial
Lecture,
Tutorial
Total
C4
Assessment
Methods & Mark
Breakdown*
Tes
Assi
Final
t
gnm
exam
ent
10%
C5
C6
10%
20%
20%
20%
Total
30%
40%
30%
30%
30%
60%
100%
Notes:
Domain – Affective (A), Cognitive (C), Psychomotor(P);
Taxonomy Level – A (Level 1 – 5), C (Level 1 – 6), P (Level 1 – 5)
C1 - Remembering A1 – Receiving Phenomena P1 – Imitating
C2 - Understanding A2 – Responds to
P2 - Manipulating
Phenomena
C3 - Applying
A3 - Valuing
P3 – Developing Precision
C4 - Analyzing
A4 – Organization
P4 - Articulating
C5 - Evaluating
A5 – Internalizes Values
P5 - Naturalizing
(Characterization)
C6 - Creating
Delivery Methods
Course Plan of UKAF4034 Advanced Corporate Reporting
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L – Lecture, T – Tutorial , P – Practical, O – Others
13
Assessment
Methods:
No.
Methods of Assessment
Total
1.
Continuous Assessment
40%
a)
Mid-term Test
20%
b)
Assignment
20%
Total
2.
Final Examination
GRAND TOTAL
1.
a)
40%
60%
100%
Continuous Assessment (40%)
Midterm Assessment (20%)
The midterm assessment would be carried out in the form of a test given to
monitor students’ progress on the understanding of topics covered from week 1-6
of the lectures. The duration of the test will be 1 ½ hours and will be tentatively
scheduled at Week 9, during lecture class.
b)
Assignment (20%)
The group assignment requires students to form their own working groups with
maximum of five working groups in each Tutorial Group and each group should
have 5 members at most. After the formation of groups, each group leader shall
submit the names of the group members to the lead lecturer by the end of Week
2.
Note: Marks for the group assignment will be allocated based on a group basis.
Therefore, it is the responsibility of the group to ensure that each member
contributes to the group work and executes the tasks given. Further details of the
assignment will be uploaded to wble.utar.edu.my.
Submission date
The submission date for this group assignment is Monday, 13 March 2023 on or
before 11:00am (Week 7).
Late Submission Penalty Clause
Deadline for submission of assessment item(s) is to be strictly adhered to. No
extension of time will be allowed except in extenuating circumstances, e.g.
medical reasons. Students who wish to apply for extension of time for submission
of assessment item(s) after the due date shall put in writing the request together
with validated documentary evidence to support the application to his/her class
tutor. The lead lecturer may consider and grant such extension of due date for the
assessment item(s) based on the tutor's recommendation.
Any assessment item required by the Coursework Assessment which is submitted
after the due date, without an approved extension, will be penalized. A penalty of
10% reduction of the maximum mark applicable to the assessment item(s) will be
levied for each day of late submission. Weekends and Public Holidays are
Course Plan of UKAF4034 Advanced Corporate Reporting
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counted as one (1) day late. Assessment item(s) submitted more than seven (7)
days after the due date will be awarded with zero (0) mark.
2.
Final Assessment (60%)
The final examination for this subject will be based on a three hours physical
examination. The examination paper will consist of one compulsory question in
Section A and two out of three questions in section B. The question in section A
carries 40 marks and the questions in Section B carry 30 marks each.
14.
.
Remark:
ACADEMIC REGULATIONS:
Attendance
Attendance at lectures and tutorials is compulsory. Students must at a minimum
achieve 80 per cent attendance overall for both lectures and tutorials. Any
absence from class must be supported either by a genuine medical leave
certificate or an approved leave certificate given by the Faculty. Students whose
absence level exceeds 20 per cent in a particular unit are likely to be barred from
taking the examination of the unit concerned.
Plagiarism
Plagiarism is defined as the submission or presentation of work, in any form,
which is not one's own, without acknowledgment of the sources. If a student
obtains information or ideas from an outside source, that source must be
acknowledged. Another rule to follow is that any direct quotation must be placed
in quotation marks and the source immediately cited.
Plagiarism is also defined as copying of all or part of the work of another
student(s) of current or previous batch of this University or another higher learning
institution without proper citation or acknowledgment.
The University's degree and other academic awards are given in recognition of
the candidate's personal achievement. Plagiarism is therefore considered as an
act of academic fraudulence and as an offence against University discipline.
Intellectual Property
Copyright must be seriously protected. The University takes a strong stand
against any illegal photocopying of textbooks and any other materials by students.
Students are forewarned of the consequences and the penalty that may be meted
out if they are "caught in the act".
Mode of Referencing
Students are advised to incorporate proper academic modes of referencing. The
normally acceptable mode of academic referencing is the American Psychological
Association (APA) system; please refer to the APA referencing system document
for detailed usage.
Fieldwork Clause (where applicable)
Students are reminded of the importance to consider their personal safety when
conducting research in the field. You will be exposing yourself in new situations
and meeting with people who are unknown to you. It is important that you are
aware of potential dangers and take the necessary safety steps. You have to be
extra careful and cautious if you are going to interview or conduct survey with
small, unknown organisations or individuals 'on site'.
You should ensure you have the full details (full name, job title, organisation
Course Plan of UKAF4034 Advanced Corporate Reporting
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name, address and telephone numbers) of anyone or organisation you intend to
conduct the field research. You should establish the credibility of these
respondents before your groups visit them. The field research should be made in
groups not alone. Leave word with your fellow classmates on your field visit
(details of place, contact numbers, person you are interviewing or conducting
survey with, expected time of return, etc.). The field work should be done during
office hours.
Self-study is very important for this subject. Students are expected to spend
about 8 hours in a week to do their self-study and critical thinking. However,
students are able to consult their respective lecturer/tutor for counselling and
consultation on the subject matter. Students are encouraged to make appointment
with their respective lecturer/tutor via email or any other channel allowed by them.
Tutorial Presentation
Students are also expected to present tutorial answers based on questions given
to them. In addition, students are expected to do their own research to enhance
their understanding and gain a wider perspective of the topics covered in the
lecture.
Students are expected to prepare and present the tutorial questions in a group.
Each group should present at least twice during the semester. The classroom
presentation will commence in week 3 and ends in week 14. Class representative
is required to develop the timetable for assigning groups with the respective
tutorial and submit a copy to the tutor at the end of week 2. A hard copy of the
presentation material is to be handed to the tutor at the beginning of the
presentation. Although this is a non-graded activity, students are highly
encouraged to participate as this will enable them to prepare themselves for final
exam.
Course Plan of UKAF4034 Advanced Corporate Reporting
5
Lecture, Tutorial and Continuous Assessment Plan
Week/Date
Lecture Topic
1
MFRS 124 Related Party
Disclosures
●
Definition
●
Implications of related
party
relationships
and
transactions
●
Reporting and disclosure
●
Case study
30/1/2023
5/2/2023
Course Learning
Outcome
CLO3
Tutorial
topics /
Continuous
Assessment
Review and
explain the
key
requirements
of Unit Plan
Group
assignment.
Reference
Mary Ch. 1
Lazar &
Huang
Ch : 9
MFRS 124
Online
questions.
2
6/2/2023
12/2/2023
MFRS 8 Operating Segments
●
Nature and extent of
reportable segments
●
Reporting
and
disclosure
●
Case study
CLO3
Mary ch. 2
Tutorial 2
Reporting
and
disclosure of
related
parties and
transactions
Lazar &
Huang
Ch : 29
MFRS 8
Online
questions
and case
study
3
13/2/2023
19/2/2023
4
20/2/2023
26/2/2023
CLO1
Tutorial 3
Income
Taxes
Online
questions.
Self-learning
– revise
examples /
cases in
main text
CLO1
Tutorial 4
Revision of
principles of
consolidation
and
MFRS112 Income Taxes
•
•
•
•
•
•
•
•
•
Definition
Classification
The element of taxation
Recognition,
measurement,
Disclosure requirements
and derecognition
Accounting treatment
Reporting and disclosure
MFRS 3 Business
Combinations
MFRS 10 Consolidated
Financial Statements
MFRS 11 Joint
MFRS 112
Jane
Lazar,
Chap. 21
Jane
Lazar,
Chap. 4.
Frank
Course Plan of UKAF4034 Advanced Corporate Reporting
6
Arrangements
MFRS 12 Disclosure of
Interests in Other Entities
MFRS 128 Investments in
Associates
exercises on
simple group
consolidation
Wood, Vol.
2, Chap. 5
Online
questions.
●
Revision on basic
consolidation.
MFRS 3, MFRS 10, MFRS 11,
MFRS 12, MFRS 128
Changes in Group Structure
●
Group structures
●
Accounting for
business combinations.
5
27/2/2023
5/3/2023
6-7
6/3/2023
12/3/2023
&
13/3/2023
–
19/3/2023
MFRS 3, MFRS 10, MFRS 11,
MFRS 12, MFRS 128
CLO1
Tutorial 5
Introduction
to changes
in group
structure.
Online
questions.
Piecemeal Acquisitions
●
Accounting for
business combinations
including changes in group
structures
●
Consolidation issues in
piecemeal acquisitions
MFRS 5, MFRS 10, MFRS 11,
MFRS 12, MFRS 128
MFRS11 Joint Arrangements
MFRS 12 Disclosure of
Interests in Other Entities
MFRS 5 Non-current Assets
Held for Sale and
Discontinued Operations
Disposal of subsidiaries
●
Consolidation
techniques for disposal of
subsidiaries
●
Joint arrangements
●
Disclosure
requirements
●
Treatment of a
subsidiary held for sale
Self-learning
– revise
examples /
cases in
main text
CLO1
Tutorial 6
Accounting
for
piecemeal
acquisitions
of
subsidiaries
Tutorial 7
Accounting
for disposal
of
subsidiaries
and
subsidiaries
held for sale
Mary ch.15
& 17
Lazar
Ch : 16
MFRS 3
MFRS 10
MFRS 11
MFRS 128
Mary ch.
16 & 17
Lazar
Ch : 17
MFRS 3
MFRS 10
MFRS 11
MFRS 12
MFRS 128
MFRS 5
Course Plan of UKAF4034 Advanced Corporate Reporting
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8
20/3/2023
–
26/3/2023
MFRS
2
Share-based
payments (Part 1)
● Recognition
and
measurement criteria
● Accounting
for
modifications,
cancellations
and settlements
● Reporting and disclosure
● Case study
CLO2
Mary ch.3
Tutorial 8
Accounting
for disposal
of
subsidiaries
and
subsidiaries
held for sale
Lazar &
Huang
Ch : 3
MFRS 2
Online
questions
and case
study
9
27/32023
–
2/4/2023
MFRS
2
Share-based
payments (Part 2)
● Recognition
and
measurement criteria
● Accounting
for
modifications,
cancellations
and settlements
● Reporting and disclosure
● Case study
CLO2
Mary ch.3
Tutorial 9
Accounting
for sharebased
payments
(Part 1)
Lazar &
Huang
Ch : 3
MFRS 2
Case study
Self-learning
– revise
examples /
cases in
main text
10
3/4/2023
–
9/4/2023
MFRS 119 Employee
Benefits
MFRS 126 Accounting and
Reporting by Retirement
Plans
● Accounting for short term
benefits
●
Accounting treatment of
defined contribution and
defined benefit plans
● Accounting for gains and
losses on settlements and
curtailments
●
Reporting
and
disclosure
●
Retirement plans –
accounting and reporting
●
Case study
CLO2
Mary ch.4
Tutorial 10
Accounting
for sharebased
payments
(Part 2)
Case study
Lazar &
Huang
Ch : 25 &
30
MFRS 119
MFRS 126
Self-learning
– revise
examples /
cases in
main text
Online
questions.
Course Plan of UKAF4034 Advanced Corporate Reporting
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11
10/4/2023
–
16/4/2023
MFRS 132 Financial
Instruments: Presentation
MFRS 9 Financial
Instruments: Recognition
and Measurement (Part 1)
CLO2
Tutorial 11
Accounting
for employee
benefits/retir
ement plans
●
Recognition and derecognition of financial assets
and financial liabilities
●
Classification
and
measurement
of
financial
assets and financial liabilities
●
Treatment of gains and
losses
●
Impairment of financial
assets
●
Accounting for
derivative financial instruments
and simple embedded
derivatives
●
Accounting
for
fair
value hedges and cash flow
hedges
●
Case study
12
17/4/2023
–
23/4/2023
MFRS 9 Financial
Instruments: Recognition
and Measurement (Part 2)
●
Recognition and derecognition of financial assets
and financial liabilities
●
Classification
and
measurement
of
financial
assets and financial liabilities
●
Treatment of gains and
losses
●
Impairment of financial
assets
●
Accounting for
derivative financial instruments
and simple embedded
derivatives
Lazar &
Huang
Ch : 34 &
40
MFRS 9
Case study
Self-learning
– revise
examples /
cases in
main text
Online
questions.
CLO2
Tutorial 12
Recognition
and
measuremen
t of financial
instruments
(Part 1)
Case study
Lazar &
Huang
Ch : 34
&40
MFRS 9
Self-learning
– revise
examples /
cases in
main text
Course Plan of UKAF4034 Advanced Corporate Reporting
9
●
Accounting
for
fair
value hedges and cash flow
hedges
●
Case study
13
24/4/2023
–
30/4/2023
MFRS 9 Financial
Instruments: Recognition
and Measurement (Part 3)
●
Recognition and derecognition of financial assets
and financial liabilities
●
Classification
and
measurement
of
financial
assets and financial liabilities
●
Treatment of gains and
losses
●
Impairment of financial
assets
●
Accounting for
derivative financial instruments
and simple embedded
derivatives
●
Accounting
for
fair
value hedges and cash flow
hedges
●
Case study
CLO2
Tutorial 13
Recognition
and
measuremen
t of financial
instruments
(Part 2)
Lazar &
Huang
Ch : 40
MFRS 7
MFRS 9
Case study
Self-learning
– revise
examples /
cases in
main text
MFRS 7 Financial
Instruments - disclosures
●
Classes of financial
instruments and level of
disclosure
●
Significance of financial
instruments for financial
position and performance
●
Nature and extent of
risks arising from financial
instruments
MFRS 9 Financial
Instruments (effective 1
January 2018)
●
Equivalent of IFRS 9
Financial Instruments which
replaces MFRS 139 (IAS 39)
to reduce complexity of
financial instruments
accounting
●
Main features of MFRS
9
Course Plan of UKAF4034 Advanced Corporate Reporting
10
14
CLO1
1/5/2023
–
7/5/2023
Revision
Tutorial 14
Recognition
and
measuremen
t of financial
instruments
(Part 3)
IFRS for
SMEs
MPERS
IASB
website
Case study
Self-learning
– revise
examples /
cases in
main text
This Course Plan is:
Prepared by:
Moderated by:
Approved by:
_____________________
(Name: Wong Teck Keong)
Lead Lecturer
Date:
11 Jan 2023
_____________________
(Name: Puan Faridah Hanum)
Moderator
Date: 13.1.2023
_______________________
(Name: Lim Wei Yin)
Head of Department
Date: : 26/01/2023
Notes: The information provided in this Course Plan is subjected to change by the Lecturer. Students
shall be notified in advance of any changes via WBLE.
Course Plan of UKAF4034 Advanced Corporate Reporting
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