1.COURSE OBJECTIVES
– CO1: This module provides for student fundamentals of the regulatory framework relating to accounts preparation and the qualitative characteristics of useful information.
– CO2: The module concentrates in-depth on recording, processing, and reporting business transactions through drafting basic financial statements.
– CO 3: The module provides for students proficient English and practical skills.
– CO4: The module provides students with the capabilities 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: Introduction to accounting |
2 |
2 |
1 |
4 |
1,5,6,7,8 |
|
2 |
Chapter 2: The regulatory framework |
2 |
1 |
1 |
4 |
1,5,6,8 |
|
3 |
Chapter 3: The qualitative characteristics of financial information |
2 |
1 |
2 |
5,5 |
1,2,4,5,6,7,8 |
|
4 |
Chapter 4: Sources, records and books of prime entry |
2 |
1 |
1 |
7 |
1,2,5,6,7,8 |
|
5 |
Chapter 5: Ledger accounts and double entry |
2 |
1 |
2 |
7 |
1,2,3,5,6,7,8 |
|
6 |
Chapter 6: From trial balance to financial statements |
2 |
1 |
2 |
7 |
1,2,3,4,5,6,7,8 |
|
7 |
Chapter 7: Inventory |
3 |
1 |
2 |
7 |
1,2,3,5,6,7,8 |
|
8-9 |
Mid-term exam Chapter 8: Tangible non-current assets |
3 |
1 |
2 |
7 |
1,2,3,5,6,7,8 |
|
10 |
Chapter 9: Intangible non-current assets |
2 |
1 |
2 |
7 |
1,2,3,5,6,7,8 |
|
11 |
Chapter 10: Accruals and prepayments |
2 |
1 |
1,5 |
4 |
1,2,3,5,6,7,8 |
|
12 |
Chapter 11: Provisions and contingencies |
2 |
1 |
1 |
4 |
1,2,3,5,6,7,8 |
|
13 |
Chapter 12: Irrecoverable debts and allowances |
2 |
1 |
2 |
7 |
1,2,3,5,6,7,8 |
|
14 |
Chapter 13: Sales tax |
2 |
1 |
1 |
4 |
1,2,3,5,6,7,8 |
|
15 |
Chapter 14: Preparation of financial statements for sole traders |
2 |
1 |
2 |
7 |
1,2,3,4,5,6,7,8 |
|
Total (hour) |
30,0 |
15,0 |
22,5 |
82,5 |
||
- COURSE ASSESSMENT
– Score ladder: 10
– Type of assessment
|
Form |
Content |
Criteria |
CLO |
Proportion |
|
|
Formative |
Attendance, quiz, open questions |
Explain the context and purpose of financial reporting; Define the qualitative characteristics of financial information; Record transactions and events; Prepare simple financial statements; Demonstrate skills in communication, presentation, criticism, debate and persuasion; Demonstrate English language proficiency; Being self-learning, being adaptive to constant change and being capable of working independently or in a team; Ensure professional ethics. |
The number of attendances, participation and answering questions in class (5%) Quick test, 20 minutes (5%) |
1,2,3,4,5,6,7,8 |
10% |
|
Midterm test |
Explain the context and purpose of financial reporting; Define the qualitative characteristics of financial information; Recording transactions such as sale and purchases, cash, inventory; Preparing trial balance; Demonstrate English language proficiency; Being self-learning and being capable of working independently; Commit to ensuring professional ethics in the field of accounting and auditing. |
MCQ + writing (60 minutes) |
1,2,3,4,6,7,8 |
30% |
|
|
Summative |
Final test |
Explain the context and purpose of financial reporting; Define the qualitative characteristics of financial information; Record transactions and events; Prepare simple financial statements; Demonstrate English language proficiency; Being self-learning and being capable of working independently; Ensure professional ethics. |
MCQ + writing (90 minutes) |
1,2,3,4,6,7,8 |
60% |
|
|
|
|
Total: |
100% |
|