FAKULTI PERAKAUNAN

UNIVERSITI TEKNOLOGI MARA

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COURSE : INTRODUCTION TO FINANCIAL ACCOUNTING / INTRODUCTION TO FINANCIAL ACCOUNTING AND

REPORTING / ACCOUNTING
CODE : ACC117 / ACC106 / ACC100
LECTURE/TUTORIAL : 3 HOURS/WEEK
LECTURER : HAZMAL BIN ISMAIL
ROOM : TEC 4
TEL : 010-2264014

COURSE OUTCOMES

Prepare financial statements and bank reconciliation statements using the basic accounting knowledge for a sole
CLO1
proprietorship business.

CLO2 Work collaboratively with other students in completing the accounting simulation project.

CLO3 Analyse financial statements using simple financial ratios for sole proprietorship business.

PROGRAM/LEARNING OUTCOMES

LO1 Knowledge
LO10 Cognitive
LO11 Interpersonal Skills

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PLAN STRUCTURE

NO DATE TOPIC CONTACT LECTURE/TUTORIAL COVERAGE TOPIC OUTCOME LEARNING ASSESSMENT

HOURS MODEL
1 28/11 INTRO 0.5 - Ice breaking. Able to: Sharing of Entrance
- Overview of OBE. - Understand the significance materials and Survey
- Overview of the course via lesson important of adopting OBE for information
plan and syllabus contents. the course.
- Recognise the program
educational objectives (PEOs).
- Recognise the program
outcomes (POs).
- Recognise the course
outcomes (COs).
- Recognise the course topic
outcomes (TOs).
2 28/11 Introduction to 1.5(L) 1.1 Definition of accounting. Able to: Lecture and Test
Accounting 1(T) - Differentiate between - Explain the definition, of tutorial
bookkeeping and accounting accounting and differentiate
1.2 Functions of financial statements between accounting and
1.3 Main user groups of financial bookkeeping.
statements - Explain the functions of
1.4 Accounting cycle financial statements.
1.5 Various forms of business entities - Identify different groups of
- Sole proprietorship users and explain how they use
- Conventional partnership the financial statements.
- Private and public companies - Explain the different types of
business entities.
3 28/11 Introduction to 2(L) 2.1 Fundamental qualitative Able to: Lecture and Test
qualitative 1(T) characteristics - Explain the qualitative tutorial
characteristics of - Relevance characteristics of useful
useful financial - Faithful representation financial information and other
information and other 2.2 Enhancing qualitative accounting assumptions and
accounting characteristics concepts
assumptions and - Comparability
concepts - Verifiability
- Timeliness
- Understandability

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 2.3 Accounting assumptions and
concepts
- Going concern
- Historical cost
- Economic entity
- Money measurement
4 11/11 Accounting Equation 4(L) 3.1 Statement of Financial Position Able to: Lecture and Group Project
and Accounting 2(T) format and its elements - Identify the elements in the tutorial Test
Classification 3.2 Basic accounting equation Statement of Financial Position
3.3 Effects of transactions on the basic and relate them with the
accounting equation accounting equation.
3.4 Expanded accounting equation. - Identify the effects of business
3.5 Effects of transactions on the transactions on accounting
expanded accounting equation equation.
5 11/11 Principle of Double 4(L) 4.1 Double entry rules Able to: Lecture and Group Project
Entry 2(T) 4.2 Ledger entries - Apply double entry rules to tutorial Test
4.3 Balancing off ledger account prepare journals and ledger
4.4 Pre-adjusted trial balance accounts.
4.5 Pre-adjusted financial statements - Prepare pre-adjusted trial
balance.
- Prepare pre-adjusted financial
statement.
6 25/11 Books of Prime entry 1(L) 5.1 Introduction to source documents Able to: Lecture and Group Project
0.5(T) 5.2 Types of journals: - Identify the 7 types of journals. tutorial Test
1.5(Test 1) - Sales journal - Prepare the subsidiary ledgers
- Purchases journal
- Return inwards journal.
- Return outwards journal.
- Cash receipts journal
- Cash payments journal
- General journal
5.3 Types of ledgers
- Sales ledger
- Purchases ledger
- General ledger
5.4 Recording process from source
documents to journals and posting to
ledgers

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7 25/11 Balance Day 6(L) 6.1 Adjustments of accruals and Able to: Lecture and Test
Adjustments and 3(T) prepayments. - Incorporate the adjustments in tutorial
Preparation of 6.2 Bad debts and bad debts the preparation of financial
Financial Statements recovered. statements (Statements of
6.3 Doubtful debts and allowance for Profit or Loss and Statement of
doubtful debts using allowance method. Financial Position)
6.4 Capital expenditure and revenue
expenditure.
6.5 Depreciation of non- current assets
(the cost of non-current assets should
already include the amount of capital
expenditure)
- Definition of depreciation.
- Factors causing depreciation.
- Show calculation for depreciation
using straight line and reducing
balance method on yearly basis
only.
6.6 Post-adjusted financial statements.
- Preparation of financial
statements using vertical format
presentation.
6.7 Application of financial accounting.
- Briefly discuss the application of
financial accounting in relation to
the students’ program such as the
specific uses of financial
statements in their field.
6/12 Bank reconciliation 3(L) 8.1 Use of banking facilities for safe Able to: Lecture and Test
statement 1.5(T) keeping of cash (bank account) - Identify the reasons for the tutorial
1.5(Test 2) 8.2 Update Cash Book differences between cash book
8.3 Reconciling the bank account with and bank statement.
the bank statement - Prepare the adjusted cash
book.
Prepare bank reconciliation
statement.

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8 20/1 Financial Statement 4(L) 7.1 Objectives of financial statements Able to: Lecture and Group Project
Analysis 2(T) analysis. - Calculate the financial ratios tutorial
7.2 Types of financial ratios analysis. - Interpret and comment the
- Liquidity ratios financial ratios calculated for
o Current ratio decision making purposes.
o Quick ratio
- Profitability ratios
o Gross profit margin
o Net profit margin
o Return on investment
- Efficiency ratios
o Inventory turnover ratio
o Average collection period
7.3 Preparation and interpretation of
financial ratios
7.4 Limitations of financial ratio
analysis

ASSESSMENT

Continuous assessment 100%

Test 1 30%
Test 2 30%
Group Project 1 25%
Group Project 2 15%
Total 100%

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