ACC 115 - Financial Accounting 1
Course Structure
Course Structure
• Objectives
• Lesson Plan
– Lecture
– Tutorial
• Assessment
– Continuous assessment
– Final Exam
• Materials
– Textbook
– Previous semesters’ exam papers
– Simulation package
Objectives
• Upon completion of this course, students should
be able to:
– Have an appropriate level of comprehension of the
basic accounting concepts
– Grasp in-depth understanding of the accounting
principles and techniques
– Construct final accounts from transactions relating to a
sole trader
– Explain the use of ratios to analyse the performance of
a business
Lesson Plan
• Lecture:
–
–
–
–
Mass lecture: 2 hours per week
Covers the theoretical aspect of accounting
Provides examples and the techniques of know-how
Tutorial questions are assigned towards the end of the
lecture
• Tutorial:
– Tutorial: 2 hours per week
– Discussion session
– Conducted in a classroom style
Topics Covered
1.
2.
3.
4.
5.
Introduction (Accounting in general)
Introduction to accounting concepts
Accounting equation and classification
Book of original entries
Principles of double-entry, books of accounts and
trial balance
6. Balance sheet day adjustment and preparation of
final accounts
7. Bank reconciliation statement
8. Accounting ratios
Assessment
• Continuous assessment
– Total: 40%
•
•
•
•
Test 1
Test 2
Quizzes (2)
Simulation project
• Final exam
– Total: 60%
10%
10%
10%
10%