Module Outline

Semester : 01 From (July:2011) to (Dec:2011) BBA1114 FINANCIAL ACCOUNTING FUNDAMETALS BBA1113 FUNDAMENTALS OF BUSINESS ACCOUNTING MODULE DETAILS Course Location : Unit Controller/E aminer : Co#e aminer : "re#re$uisite : Co#re$uisite : Cre'its : Contact )ours : %o, o& -ee.s : %o, o& assi/nments : 4enue : Day : 1ime : Cyberjaya !aniam "onnusamy !aniam "onnusamy %one (must list i& any or nil) ( * )ours ( 2 )ours lecture+ 2 )ours tutorials) 1* teac)in/ -ee.s 0 1 !i' 1erm 2rea.0 2 Final E amination 3ee. 1 assi/nment Class (5#(6+ Class 78+ Class 79 an' Class 1* !on'ay to Fri'ay * /rou:s 7,00am #11am+ 11,00am to 12,(0:m+ 2,00:m ; (,(0:m+ (,(0:m #5,00:m

"re:are' by: !aniam "onnusamy Si/nature : Date 21,8,2011

C)ec.e' by : (name) Si/nature : Date

1)is 'ocument com:rises t)e &ollo-in/: Essential <n&ormation S:eci&ic !o'ule <n&ormation !o'ule =ules > =e/ulations ?ra'es "la/iarism !o'ule <ntro'uction !o'ule @ims > AbjectiBes Learnin/ Autcome S:eci&ic ?eneric Learnin/ S.ills Syllabus 0 Lecture Autline =e&erences @ssi/nment Sc)e'ule @ssessment Criteria S:eci&ic Criteria

At)er 'ocuments as &ollo-s -ill be issue' to you on an on/oin/ basis t)rou/)out t)e semester: Can'outs &or @ssi/nments Submission =e$uirements 0 ?ui'elines

1
= 01 # 06121 2 @ll =i/)ts =eserBe' %o :art o& t)is 'ocument may be re:ro'uce' -it)out -ritten a::roBal &rom Lim.o.-in/ UniBersity o& CreatiBe 1ec)nolo/y

1.0

ESSENTIAL INFORMATION @ll mo'ules ot)er t)an electiBes are 'significant !"#$%s'

@s an in'icator o& -or.loa' one cre'it carries an' a''itional 2 )ours o& sel& stu'y :er -ee., For e am:le+ a mo'ule -ort) ( cre'its re$uire t)at t)e stu'ent s:en's an a''itional 6 )ours :er -ee.+ eit)er rea'in/+ com:letin/ t)e assi/nment or 'oin/ sel& 'irecte' researc) &or t)at mo'ule, Submission o& @LL assi/nment -or. is com:ulsory in t)is mo'ule, @ stu'ent cannot :ass t)is mo'ule -it)out )aBin/ to submit @LL assi/nment -or. by t)e 'ue 'ate or an a::roBe' e tension o& t)at 'ate, @ll assi/nments are to be )an'e' on time on t)e 'ue 'ate, Stu'ents -ill be :enalise' 10 :ercent &or t)e &irst 'ay an' 5 :ercent :er 'ay t)erea&ter &or late submission (a -ee.en' or a :ublic )oli'ay counts as one 'ay), Late submission+ a&ter t)e 'ate 2oar' o& Stu'ies meetin/ -ill not be acce:te', Due 'ates+ com:ulsory assi/nment re$uirements an' submission re$uirements may only be altere' -it) t)e consent o& t)e majority o& stu'ents enrolle' in t)is mo'ule at t)e be/innin//early in t)e :ro/ram, E tensions o& time &or submission o& assi/nment -or. may be /rante' i& t)e a::lication &or e tension is accom:anie' by a me'ical certi&icate, ABerseas traBel is not an acce:table reason &or see.in/ a c)an/e in t)e e amination sc)e'ule, Anly t)e Cea' o& Sc)ool can /rant a::roBal &or e tension o& submission beyon' t)e assi/nment 'ea'line, =e#submission o& -or. can only receiBe a 50D ma imum :ass rate, Su::lementary e ams can only be /rante' i& t)e leBel o& -or. is satis&actory AND t)e semester -or. )as been com:lete', CarBar' re&erencin/ an' :la/iarism :olicy -ill a::ly on all -ritten assi/nments,

&.0

S'ECIFIC MODULE INFORMATION @tten'ance rate o& 90D is man'atory &or :assin/ mo'ule, @ll /ra'es are subject to atten'ance an' :artici:ation, @bsenteeism at any sc)e'ule' :resentations -ill result in Eero mar. &or t)at :resentation, 4isual :resentation -or. in 'ra-n an' mo'el &orm must be t)e ori/inal -or. o& t)e stu'ent, 1)e attac)e' semester :ro/ram is subject to c)an/e at s)ort notice,

3.0

MODULE RULES AND REGULATIONS( Ass%ss %nt )*!c%"#*%( 1)ese rules an' re/ulations are to be rea' in conjunction -it) t)e U%<1 @<!S @%D A2JEC1<4ES @ll assi/nments/:rojects must be com:lete' an' :resente' &or mar.in/ by t)e 'ue 'ate, !ar.s -ill be 'e'ucte' &or late -or. an' inBali' reasons,

2
=01 ; 061212 @ll =i/)ts =eserBe' %o :art o& t)is 'ocument may be re:ro'uce' -it)out -ritten a::roBal &rom Lim.o.-in/ UniBersity o& CreatiBe 1ec)nolo/y

@ll assi/nments must be 'eliBere' by t)e stu'ent in :erson to t)e lecturer concerne', %o ot)er lecturer is allo-e' to acce:t stu'entsF assi/nments, @ll tests/e aminations are com:ulsory, Stu'ents must sit t)e test/e amination on t)e noti&ie' 'ate, Stu'ents are e :ecte' to &amiliarise t)emselBes -it) t)e test/e amination timetable, Stu'ents -)o miss a test/e amination -ill not be allo-e' to :ass, @ny sc)e'ulin/ o& tutorials+ bot) 'urin/ or a&ter lecture )ours+ is 1A1@LLG t)e res:onsibility o& eac) stu'ent, @::ointments are to be :ro:ose'+ arran/e'+ con&irme'+ an' .e:t+ by eac) stu'ent, Failure to 'o so in a :ro&essional manner may result in :enalty o& /ra'es, 1utorials 3<1CAU1 a::ointments -ill also %A1 be entertaine', %ote t)at eBery assi/nment is /iBen an am:le time &rame &or com:letion, 1)is+ to/et)er -it) a'Bance' in&ormation :ertainin/ 'ea'lines /iBes you %A EHCUSE not to submit assi/nments on time,

4.0

GRADES +O$" G*a"ing, @ll mo'ules an' assessable :rojects -ill be /ra'e' accor'in/ to t)e &ollo-in/ system, 3it) res:ect to t)ose units t)at are 'esi/nate' I@::roBe' &or "ass/FailI t)e /ra'e -ill be eit)er "@ or F:

Grade

Numeric Grade

Description

JJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJ 90 ; 100 @ "ass -it) Distinction 85 ; 87 @# JJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJ 80 ; 8* 20 65 ; 67 2 "ass -it) Cre'it 60 ; 6* 2# 55 ; 57 C0 JJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJ 50 ; 5* C "ass JJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJ ** ; *7 F Su::lementary 3or./=e#sit E ams 0 ; *( F 1o =e:eat !o'ule JJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJ
EH" "C "" "H H D 3 D%@ D%C E em:te' "ass Conce'e' "ass "roBisional -it) e tra -or. nee'e' "ass a&ter e tra -or. is /iBen an' :asse' <neli/ible &or assessment 'ue to unsatis&actory atten'ance De&erre' 3it)'raDi' %ot @tten' !o'ule Di' %ot Com:lete !o'ule

3
=01 ; 061212 @ll =i/)ts =eserBe' %o :art o& t)is 'ocument may be re:ro'uce' -it)out -ritten a::roBal &rom Lim.o.-in/ UniBersity o& CreatiBe 1ec)nolo/y

GRADES +N%- G*a"ing, @ll mo'ules an' assessable :rojects -ill be /ra'e' accor'in/ to t)e &ollo-in/ system, 3it) res:ect to t)ose units t)at are 'esi/nate' I@::roBe' &or "ass/FailI t)e /ra'e -ill be eit)er "@ or F: Grade Numeric Grade Description

JJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJ 90 ; 100 @ "ass -it) Distinction 85 ; 87 @# JJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJ 80 ; 8* 20 65 ; 67 2 "ass -it) Cre'it 60 ; 6* 2# 55 ; 57 C0 JJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJ 50 ; 5* C "ass JJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJ ** ; *7 F Su::lementary 3or./=e#sit E ams 0 ; *( F 1o =e:eat !o'ule JJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJ (9 ; (7 Can be consi'ere' &or "C

4
=01 ; 061212 @ll =i/)ts =eserBe' %o :art o& t)is 'ocument may be re:ro'uce' -it)out -ritten a::roBal &rom Lim.o.-in/ UniBersity o& CreatiBe 1ec)nolo/y

..0

'LAGIARISM/ CO'0RIG1T/ 'ATENTS/ O2NERS1I' OF 2OR3( STUDENT MA4OR 'RO4ECT/ T1ESES 5 2OR3S See L<!KAK3<%?+ C<?C FLGE=S C@%DAU1+ :/ 10,

6.0

MODULE INTRODUCTION

T7is c!#*s% is "%sign%" t! e$ui: stu'ents -it) a t)orou/) .no-le'/e an' un'erstan'in/ o& t)e accountin/ :rinci:les, <t intro'uces t)e basic :rinci:les+ as -ell as t)e nature o& accountin/ an' t)e :roce'ures inBolBe' in recor'in/ transactions, Stu'ents -ill be coac)e' on accountin/ cycles+ a'justments an' :re:aration o& &inancial statements+ :re:aration o& ban. reconciliations an' ratio analysis,

8.0

MODULE AIMS AND OB4ECTI9ES In t7is c!#*s%/ st#"%nt -i$$ :%(

1, E :ose' to t)e basic .no-le'/e o& accountin/ an' &urt)er 'eBelo: t)e necessary s.ills to continue onto interme'iary an' a'Bance accountin/ mo'ules, 2, <ntro'uce' to t)e basic accountin/ :rocesses in business suc) as recor'in/+ classi&yin/+ summariEin/ an' :re:arin/ t)e &inal accounts, (, 1raine' to :re:are t)e t)ree column cas) boo., *, 1au/)t on t)e :ro:er -ay o& income statements an' balance s)eet, 5, 1raine' on t)e a'justments in &inal accounts t)at ta.e into consi'eration t)e a'justments on t)e balance 'ay, 6, ?ui'e' on t)e a::lication o& met)o's an' im:lication o& 'e:reciation o& &i e' assets, 8, 1raine' to :re:are ban. reconciliation statements, ,
;.0 LEARNING OUTCOMES

At t7% %n" !f t7is c!#*s%/ st#"%nts -i$$ :% a:$% t!( 1, 2, (, *, 5, 6, E :lain+ 'i&&erentiate an' a::ly t)e 'i&&erent conce:ts in accountin/, =ecor' business transactions usin/ accountin/ e$uation an' 'ouble entry, "re:are cas) boo., "re:are income statements, "re:are balance s)eet, =eco/niEe t)e a'justments nee'e' suc) as ba' 'ebt+ accruals+ :re:ayments on t)e balance 'ay an' recor' t)em in t)e &inal accounts systematically, 8, Calculate 'e:reciation &or &i e' assets an' recor' it in t)e &inal accounts a::ro:riately, 9, "re:are ban. reconciliation statements,

<.0

S'ECIFIC GENERIC LEARNING S3ILLS U:on com:letion o& t)e mo'ule+ stu'ent -ill ac$uire s.ills in : N# %*ica$ an" Ana$itica$ ; Stu'ents -ill be able to calculate an' analyse accountin/ transactions an' :re:are accounts in a::ro:riate &ormats, Manag% Inf!* ati!n ; Stu'ents can mana/e in&ormation+ select an' use 'ata in t)e -ay it is :ractice' in accountin/, A#t!n! = ; Stu'ents can ta.e res:onsibility &or o-n learnin/ -it) minimum 'irection,

5
=01 ; 061212 @ll =i/)ts =eserBe' %o :art o& t)is 'ocument may be re:ro'uce' -it)out -ritten a::roBal &rom Lim.o.-in/ UniBersity o& CreatiBe 1ec)nolo/y

C! #nicati!n ; Stu'ents can communicate e&&ectiBely in a &ormat a::ro:riate to t)e 'isci:line an' re:ort in a clear an' concise manner, A))$icati!n ; Stu'ents -ill be able to a::ly t)e conce:ts an' :rinci:les o& accountin/ learnt in t)e course in t)eir in'iBi'ual assi/nments,

10.0

UNIT S0LLABUS > LECTURE OUTLINE( 3ee.: LECTURE 1( Lecture Synopsis: Handouts: 3ee.: LECTURE &( Lecture Synopsis: Handout: #utorials: 3ee.: LECTURE 3( Lecture Synopsis: Handout: #utorials: 3ee.: LECTURE 4( Lecture Synopsis: Handout: #utorial: 1 FUNDAMENTALS OF ACCOUNTING Brief history on accounting, nature, accounting vs. bookkeeping, objective and branches of accounting, users and characteristics of accounting information and types of business Lecture notes, power point slides. 2 ACCOUNTING CONCE'TS/ E?UATION AND DOUBLE @ ENTR0 ccounting concepts, e!uation, chart of accounts, debit and credit, double entry system and e!uation and double " entry analysis Lecture notes, power point slides. $ ( SALES/ 'URC1ASE/ RETURNS/ GENERAL 4OURNALS AND LEDGERS Business transactions, accounting documents, accounting cycle, sales, purchase, returns, general journals and ledgers Lecture notes, power point slides. % * CAS1 BOO3/ BALANCING OFF AND TRIAL BALANCE &ash book, types of cash book, balancing off and trial balance Lecture notes, power point slides. '

3ee.: LECTURE .( Lecture Synopsis: Handout: #utorials: 3ee.: LECTURE 6( Lecture Synopsis: Handout: #utorials:

5 TRADING/ 'ROFIT AND LOSS AND BALANCE S1EET A )a*t I #rading, profit and loss statement and balance sheet Lecture notes ( 6 TRADING/ 'ROFIT AND LOSS AND BALANCE S1EET A)a*t II #rading, profit and loss statement and balance sheet Lecture notes )

3ee.: MID TERM TEST

3ee.: MID TERM BREA3

6
=01 ; 061212 @ll =i/)ts =eserBe' %o :art o& t)is 'ocument may be re:ro'uce' -it)out -ritten a::roBal &rom Lim.o.-in/ UniBersity o& CreatiBe 1ec)nolo/y

2%%B( LECTURE 8( Lecture Synopsis: Handout: #utorials: 3ee.: LECTURE ;( Lecture Synopsis: Handout: #utorial:

< ACCRUALS AND 'RE'A0MENTS ccruals and prepayments Lecture notes * 10 ACCOUNTING FOR BAD AND DOUBTFUL DEBTS Bad debts, recovery, and provision for doubtful debts Lecture notes +

3ee.: LECTURE <( Lecture Synopsis: Handout: #utorial:

11 ACCOUNTING FOR FICED ASSETS ,i-ed assets, depreciation: causes of depreciation, land and buildings, provision for depreciation as an allocation at cost, methods. Lecture notes .

3ee.: LECTURE 10( Lecture Synopsis: Handout: #utorial:

12 ACCOUNTING FOR FICED ASSETS ,i-ed assets, depreciation: causes of depreciation, land and buildings, provision for depreciation as an allocation at cost, methods. Lecture notes 7

3ee.: LECTURE 11( Lecture Synopsis: Handout: #utorial: 3ee.:

1( BAN3 RECONCILIATION STATEMENTS &ash book, bank statement and reconciliation Lecture notes 10 1* RE9ISION 2EE3 15 > 16 FINAL ECAMINATION 2EE3

3ee.:

11.0

REFERENCES 3%= R%f%*%nc%( 3oo' F, > San/ster @,+ 2010, 2usiness @ccountin/+ 4olume <+ 11t) E'ition, "rentice Call,

7
=01 ; 061212 @ll =i/)ts =eserBe' %o :art o& t)is 'ocument may be re:ro'uce' -it)out -ritten a::roBal &rom Lim.o.-in/ UniBersity o& CreatiBe 1ec)nolo/y

Ot7%* R%f%*%nc%s( 3ey/an't+ Kieso an' Kimmel,+ 2002, @ccountin/ "rinci:les+ 6t) E'ition,Jo)n 3iley > Sons, C)arles 1, Corn/ren+ ?ary L, Sun'em+ Jo)n @, Elliott,+ 2008, <ntro'uction to Financial @ccountin/, 9t) E'ition+ %J: "rentice Call, 2%:sit%s( )tt:://---,'-mbeancounter,com/tutorial/1utorial,)tml )tt:://tutor2u,net/business/$uiEEes/as/intro'uctionJtoJaccountin//$uiEma.er,)tml 1&.0 ASSESSMENT SC1EDULE Ass%ss %nt "%sc*i)ti!n ?rou: @ssi/nment Iss#% Dat% 3ee. ( D#% Dat% 3ee. 10 D (0D

!i'#1erm E amination

3ee. 8

3ee. 8

20D

Final E amination

3ee. 16

3ee. 16

50D

TOTAL /ote: #he above mentioned details are subject to changes. 13.0 ASSESSMENT CRITERIA

100D

"rocess o& /ra'in/ an' criteria use' to 'etermine t)e /ra'es+ :asses an' )i/) 'istinctions, 14.0 LEARNING ACTI9ITIES 1..0 Stu'ents nee' to 'o an assi/nment in'iBi'ually on a number o& accountin/ $uestions an' )aBe to submit on -ee. 7, S'ECIFIC CRITERIA 1)e in'iBi'ual assi/nment -ill be base' on t)e &irst &e- to:ics t)at are coBere' in t)is mo'ule, Stu'ents -ill )aBe to com:lete t)e assi/nment -it) a::ro:riate &ormat an' style, Eac) stu'ent -ill receiBe a com:lete' assessment s)eet bac. -it) t)eir mar.s+ t)ereby /iBin/ stu'ent &ee'bac. on eac) set criterion an' t)e assi/nment as a -)ole, !ar.s &or t)e in'iBi'ual assi/nment -ill be :oste' on t)e 2ulletin 2oar' -it) stu'ent number -it)in 2 -ee.s o& )an'#in 'ate,

8
=01 ; 061212 @ll =i/)ts =eserBe' %o :art o& t)is 'ocument may be re:ro'uce' -it)out -ritten a::roBal &rom Lim.o.-in/ UniBersity o& CreatiBe 1ec)nolo/y