LESSON PLAN

COURSE/CODE : Introduction to Financial Accounting and Reporting/ACC 106

CREDIT HOUR :3
CONTACT HOUR :4
LECTURER’S NAME : Nurul Asyikin binti Abdul Ghani Email : asyikin_ktd@yahoo.com

Weeks Topics References

1 INTRODUCTION TO ACCOUNTING

 Definition, history and

development of accounting.
 Functions, objectives and uses
of financial statements.
 Types and various forms of
business (sole trader,
partnership and company)
 Differences between
bookkeeping and accounting.

2 INTRODUCTION TO ACCOUNTING
CONCEPTS AND CONVENTIONS

 Going Concern
 Historical Cost
 Entity
 Money measurement
 Materiality
 Prudence
 Matching
 Consistency
 Duality
 Accrual
3-4 ACCOUNTING EQUATION AND
CLASSIFICATION

 Statement of financial position

 Accounting Equation
 Effects of transactions on the
accounting equation

5 Mid term break

6-7 PRINCIPLES OF DOUBLE ENTRY AND

TRIAL BALANCE
  Double entry rules
 Expanded accounting equation
 Ledger entries
 Balancing off ledger account
 Trial balance (pre adjusted)
7-8 BOOKS OF PRIME ENTRY

 Introduction to source
documents
 Types of journal
 Types of ledgers
 Recording process
9-11 BALANCE DAY ADJUSTMENTS AND
PREPARATION OF FINAL ACCOUNTS

 Matching concept
 Adjustments of accruals and
prepayments
 Bad debts
 Allowance for doubtful debts
 Capital expenditure and
revenue expenditure
 Depreciation of non current
assets
 Preparation of final accounts

12-13 FINANCIAL STATEMENT ANALYSIS

 Objectives of financial
statement
 Types of analysis
 Preparation and interpretation
 Limitation of ratio analysis

14 BANK RECONCILIATION STATEMENT

 Use of banking facilities for

safe keeping of cash (bank
account)
 Update cash book
 Reconciliation

Text Book : Leong, A&Wong S.V., Business accounting. 3rd Edition, Prentice Hall

Assessments:

Test 1 10%
Test 2 10%
Simulation package 5%
Quiz 5%
30%
Final Examination 70%
100%