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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
: SHAFAWATI FARHANA

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 6 January 2014

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LO1
CO1

CO2
CO3
CO4
CO5
CO6
CO7
CO8

LO2

LO4

LO6

PLAN STRUCTURE
NO

WEEK TOPIC

INTRODUCTI
ON

CONTACT
HOURS
0.5

ACC106/LP/updated 6 January 2014

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).

Introduction
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

Introduction
to concepts
and
conventions

ACC106/LP/updated 6 January 2014

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

Test 1 and final


exam

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of
accounting

2-3

4-5

6-7

2.5
2.6
2.7
2.8

Accounting
Comparability concept
Consistency concept
Neutrality concept
Materiality concept

situation.

Accounting
6
Equation and
Accounting
classification

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

Principles of
double entry
and trial
balance

4.1 Double entry rules

CO3

LO1,

CO4

LO2

Books of

ACC106/LP/updated 6 January 2014

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

Lecture
and
tutorials

Test 1 and final


exam

Lecture
and
tutorials

Quiz 1,Test 1
and final exam
Quiz 1
Preparation of
trial balance
Test 1-effects
(+-), accounts
debited,credited

CO5

LO1

Lecture

ASSIGNMENT
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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

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

8-11

Balance day
adjustments
and
preparation
of final
accounts

16

ACC106/LP/updated 6 January 2014

Preparation
balance

of

FINAL EXAM

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)

Self created
assignment

-Identify types
of book of
prime entry
only
CO6

LO1,
LO2,
LO4,

Lecture
and tutorial

Test 1 ( tested in
financial
statements
before
adjustments)
Page 5

statements and
6.4 Doubtful debts-providing statement of
for
Allowance
for financial position)
doubtful debts

LO6

Final Exam
(financial
statements with
adjustments)

6.5 Capital expenditure and


revenue expenditure
6.6 Depreciation of noncurrent 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 6 January 2014

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:

CO7

LO1,
LO2,

Lecture
and tutorial

Final Exam

LO6

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Debtors collection
period
Inventory turnover
ratio

7.3 Preparation
interpretation
7.4 Limitation
analysis
8

13-14

Bank
reconciliation
statement

and
of

ratio

8.1 Use
of
banking Able to prepare
facilities for safe keeping the adjusted cash
of cash (bank account).
book and bank
reconciliation
8.2 Update cash book
statement

CO8

LO1,
LO2

Lecture
and tutorial

Quiz 2
*not tested in
final exam
Exit survey

8.3 Reconciling the bank


account with the bank
statement
(ticking
method)

ACC106/LP/updated 6 January 2014

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