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FAKULTI PERAKAUNAN

UNIVERSITI TEKNOLOGI MARA


40450, SHAH ALAM
++++++++++++++++++++++++++++++++++++++++++++++

COURSE
CODE
LECTURE
TUTORIAL
LECTURER

: INTRODUCTION TO FINANCIAL ACCOUNTING


: ACC106/418
: 2 HOURS/WEEK
: 1 HOUR/WEEK
:

COURSE OUTCOMES
CO1
CO2
CO3
CO4
CO5
CO6
CO7
CO8

Differentiate between accounting and book keeping, types and various form of organisations,
Explain the various types of accounting concepts and convention
Identify effects of accounting transactions on the accounting equation
Apply expanded accounting equation and double entry rules to prepare journals and ledgers
Identify the 7 types of specialised journals and prepare the subsidiary ledgers
Prepare the financial statement (income statement and balance sheet)
Calculate the simple ratios and gives comment
Prepare adjusted cash book and bank reconciliation statement

PROGRAM/LEARNING OUTCOMES
LO1
LO2
LO4
LO6

Knowledge of discipline areas


Practical skills
Value, attitude and professionalism
Problem solving and scientific skills

CO-LO MATRIX
ACC106/LP/updated March 2013

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LO1
CO1

CO2
CO3
CO4
CO5
CO6
CO7
CO8

LO2

LO4

LO6

PLAN STRUCTURE
NO

WEEK TOPIC

INTRO

CONTACT
HOURS
0.5

ACC106/LP/updated March 2013

LECTURE/TUTORIAL
COVERAGE

TOPIC
OUTCOME

Ability to:

Ice breaking.
Overview of OBE.
Overview of the course via
lesson plan and syllabus
contents.

Understand the
significance
important
of
adopting OBE for
the course.
Recognize THE
program
educational
objectives
(PEOs).
Recognize THE
program
outcomes (POs).
Recognize
the

CO

LO

LEARNING ASSESSMENT
MODEL
Sharing of
materials
and
information

Entrance Survey

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course outcomes
(COs).
Recognize
the
course
topic
outcomes (TOs).

Introductio
n to
Accounting

1.5

1.1 Definition,
functions, Able to explain:
objectives and uses of
-definition,
financial statements.
functions,
1.2 Main user groups of objectives and
financial statements.
uses of financial
statement.
1.3 Types
and
various
forms of business (sole
-identify different
trader of merchandising
and service enterprise, groups of users
partnership and private and their use of
the financial
& public companies)
statement.
1.4 Differentiate
between
bookkeeping
and -explain the
accounting.
different types of
business.

CO1

LO1

Lecture
and tutorial

Test 1 and Final


Exam

- differentiate
between
accounting and
bookkeeping.
2

Introductio
n to
concepts
and

ACC106/LP/updated March 2013

2.1 Going concern concept


2.2 Business Entity concept
2.3 Monetary concept
2.4Accrual-based

Able to: explain


each concept and
relates to the
business

CO2

LO1
LO4

Lecture
and tutorial

Quiz 2 and final


exam

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convention
s of
accounting

2-3

4-5

6-7

2.5
2.6
2.7
2.8

Accounting
Equation
and
Accounting
classificati
on

Principles
of double
entry and
trial
balance

Books of

ACC106/LP/updated March 2013

Accounting
Comparability concept
Consistency concept
Neutrality concept
Materiality concept

situation.

3.1 Statement of Financial Able to identify


Position (SOFP) format the components
and its classification of in the statement
items.
of financial
position and
3.2 Purpose of SOFP.
relates it with the
accounting
3.3 Accounting equation.
equation
3.4 Effects of transactions
on
the
accounting
equation.

CO3

4.1 Double entry rules

CO3

LO1,

CO4

LO2

Able to use
double entry rules
4.2 Expanded accounting to prepare journal
equation
and ledger
account
4.3 Ledger entries
4.4

Balancing of ledger
account

4.5

Trial balance (pre


adjusted only)

5.1

Introduction to source

Able to identify

LO1,
LO2

CO5

LO1

Lecture
and
tutorials

Test 1 and final


exam

Lecture
and
tutorials

Quiz 1,Test 1 and


final exam

Lecture

Quiz 2

Quiz 1 Preparation
of trial balance

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Prime
entry

document
5.2 Types of journal:
- Sales journal
- Purchases journal
- Return inwards journal
-Return outwards journal
- Cash Receipts Journal
- Cash Payments journal
- General journal

the 7 types of
journals and able
to prepare the
subsidiary
ledgers.

LO2

and
tutorials
Group assignment
Students are
required to create
their own
business
transactions with
at least 3
transactions for
each specialised
journals together
with ledger and
trial balance.

5.3 Types of ledgers


- Sales ledger
- Purchases ledger
- General ledger
5.4 Recording process from
source documents to
journals and posting to
ledger
5.5
6

8-11

Balance
day
adjustment
s and
preparatio
n of final
accounts

16

ACC106/LP/updated March 2013

Preparation
balance

of

trial

6.1Acrual-based Accounting

Able to
incorporate the
6.2 Adjustments of accruals adjustments in
and
prepayments
the preparation of
through ledger accounts
6.3 Bad debts ( Allowance final account
(Income
method)
statements and
6.4 Doubtful debts-providing statement of
for
Allowance
for

CO6

LO1,
LO2,

Lecture
and tutorial

Test 1 and Final


Exam ( tested in
financial statement)

LO4,
LO6

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doubtful debts

financial position)

6.5 Capital expenditure and


revenue expenditure
6.6 Depreciation of non
current assets (the cost
of non current asset
should already include
the amount of capital
expenditure).
- Straight line method
-Reducing balance
method
-yearly basis only
6.7 Preparation of financial
statement.
-used
vertical
format
presentation
7

12-13

Financial
statement
analysis

ACC106/LP/updated March 2013

7.1
Objectives
financial statement

of Able to calculate
each ratio and
gives relevant
7.2 Types of analysis
comment for
Profitability:
decision making
- Gross profit margin
purposes.
- Net profit margin
Liquidity ratio:
- Current ratio
- Acid test ratio
Efficiency:
- Debtors collection
period
- Inventory turnover

CO7

LO1,
LO2,

Lecture
and tutorial

Test 2 and Final


Exam

LO6

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ratio
7.3 Preparation
interpretation
7.4 Limitation
analysis
8

13-14

Bank
reconciliati
on
statement

and
of

ratio

8.1 Use
of
banking
facilities for safe keeping
of cash (bank account).
8.2

Update cash book

Able to prepare
the adjusted cash
book and bank
reconciliation
statement

CO8

LO1,
LO2

Lecture
and tutorial

Test 2
Exit survey

8.3 Reconciling the bank


account with the bank
statement
(ticking
method)

ACC106/LP/updated March 2013

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