- 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% |
|