ACC1013
ACC1013
ACC1013
Midterm 20%
Quizzes 10%
Project 20%
Examination 50%
Grand Total 100%
12 Synopsis
Financial accounting and management accounting concepts provide the very foundation for business decision making. This
course provides an introduction to financial accounting by analysing the accounting function and the preparation of
conventional financial statements. Students will develop the initial skills of financial management while beginning to engage in
appropriate ethical practices.
13 Mode of Delivery
Conventional face-to-face with an independent study and self-assessment component
14 Assessment Methods and Types
Midterm: 20%
Quizzes: 10%
Project : 20%
Final Exam :50%
(Short Answer and Long Answer Questions: 3hrs)
15 Mapping of the course/module to the Programme Aims
Learning Outcomes PLO1 PLO2 PLO3 PLO4 PLO5 PLO6 PLO7 PLO8 PLO9
Discuss and explain the nature and
√ √ √ √ √ √ - - -
purpose of accounting.
Prepare and interpret financial
statements according to conventional √ √ √ √ √ √ √ √ √
methods of accounting.
Identify, analyse and evaluate
financial information relevant to the
√ √ √ √ √ √ √ √ √
operating, investing and financing
decisions of a business entity.
16 Learning Outcomes PLO1 PLO2 PLO3 PLO4 PLO5 PLO6 PLO7 PLO8 PLO9
Organise, calculate and analyse cost
information relevant to organisational √ √ √ √ √ √ √ √ √
control and decision making.
Demonstrate a growing awareness of
the ethics within the accounting √ √ √ √ √ √ √ √ √
environment.
Hour
Topic
Lecture Tutorial Practical SLT Total SLT
UNIT 1:
INTRODUCTION TO ACCOUNTING AND
DIFFERENT ACCOUNTING ENTITIES
What is management accounting? 2 1 6 9
What information do managers need?
Managerial accounting and financial
accounting
UNIT 2:
MEASURING AND REPORTING FINANCIAL
POSITION 2 1 6 9
Reporting of financial information
Reporting non-financial information
UNIT 3:
MEASURING AND REPORTING FINANCIAL
PERFORMANCE
2 1 8 11
How to measure financial performance of
an organization?
Evaluation of financial performance
UNIT 4:
MEASURING AND REPORTING CASH FLOWS
Dealing with cash inflows and outflows 4 1 6 11
Cash flows in merchandising organization
UNIT 5:
TECHNIQUES FOR ESTIMATING FIXED AND
VARIABLE COST
2 1 6 9
Contribution margin statement
Account classification methods
High-low method
UNIT 6:
STRATEGIC PLANNING AND CONTROL
2 1 6 9
Strategic cost planning
The value chain system
UNIT 7:
COST-VOLUME-PROFIT ANALYSIS & MARGINAL
ANALYSIS
4 1 8 13
The cost volume profit (CVP) relation
CVP relation and profit planning
Evaluating operating risk
UNIT 8:
FULL COSTING
Cost allocation
2 1 6 9
Process costing
Incentives and cost allocation
Activity based management
UNIT 9:
BUDGETING
Budget as the basis for control 2 1 6 9
Interpreting and using variances
Market size and market share variances
UNIT 10:
CAPITAL INVESTMENT DECISIONS
Roles of capital budgets
2 1 6 9
Elements of capital cash flows
Discounting cash flow techniques in capital
budgeting
UNIT 11:
THE MANAGEMENT OF WORKING CAPITAL
4 1 8 13
Characteristics of short term decision
Fixed supply of capacity
UNIT 12:
Changing of accounting trend in different
2 1 6 9
economies
Role of information system in Accounting
ASSESSMENT METHODS AND TYPES
Mid Term : 20%
(1 tests x 2 hour / test : 2hrs)
Quiz: 10%
(3 quizzes x 1hour / test : 3hrs)
Project : 20%
( 1 report x 20 : 20)
Final Exam :50%
Total 30 12 - 78 120
Total credit hour 3
18 Main reference:
Financial Accounting: Tools for Business Decision Making – October 9, 2012 by Paul D. Kimmel , Jerry J.
Weygandt , Donald E. Kieso
Additional reference:
Financial Accounting – July 10, 2013 by J. David Spiceland , Wayne Thomas , Don Herrmann
19 Other additional information: Nil