AD1101
Financial Accounting
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Course Description and Scope
This course aims to provide students with an understanding of how to use financial statement
information to make economic decisions from a user perspective such as investors and creditors. In
the process, students will learn how financial statements are prepared in accordance with the
Financial Reporting Standards.
The course examines the impact of various accounting choices on the financial statements and the
incentives that contracts based on accounting numbers can create for different stakeholders. These
help users to understand why managers choose certain accounting methods and avoid others.
Course Learning Objective
Students will be able to understand various items that are typically presented in a set of
consolidated financial statements and know how to analyze and interpret financial statement
information for decision making.
Course Assessments
Components
Class participation
Team project
In-class quiz
Team Presentation
Final 2.5-hour written examination
Total
Marks
10%
20%
10%
10%
50%
100
Textbook
Financial Accounting: Global Edition:
International Financial Reporting Standards,
9th Edition
Walter T Harrison, Charles Horngren, Bill Thomas, Themin Suwardy
© 2014 Pearson
ISBN: 978-0-273-77780-9
Page 1
Distributed by Nanyang Business School, Nanyang Technological University. All Rights Reserved.
Proposed Weekly Schedule
Week
1&2
2
3
4&5
5&6
6
7&8
9
10 & 11
12
13
Topic
Introduction to Financial Accounting
Conceptual Framework
Double Entry System
Accounting Information System
Accrual Accounting; Adjusting Entries
Operating Activities - I
Inventories and Cost of Goods Sold
Operating Activities - II
Revenue Recognition
Valuation of Accounts Receivable
Foreign currency transactions
Investing Activities – I
Fixed Assets – Property, Plant and Equipment (PPE)
Intangible Assets
Investment Property
Investing Activities – II
Investments
Subsidiary and Associated Companies
Non-Controlling Interests
Financing Activities – I
Current and Long-term Liabilities
Contingent Liabilities
Lease Liabilities
Deferred Taxes
Financing Activities – II
Shareholder’s Equity
Dividends
Cash Flow Statements
Internal Control and Cash Management
Bank Reconciliation
Financial Statement Analysis
Course Revision
Page 2
Distributed by Nanyang Business School, Nanyang Technological University. All Rights Reserved.