AC5810 Financial and Managerial Accounting

Part I

Course Duration: 1 semester
Credit Units: 2
Level: P5
Medium of Instruction: English
Prerequisites: nil
Precursors: nil
Equivalent Courses: nil
Exclusive Courses: nil


Part II

Course Aims

  • Provide an introduction to the financial statements provided by a business, the accounting process and fundamental accounting concepts. The concepts and techniques of analysing accounting information in a user decision making context are emphasized.
  • Introduce students to the important role played by cost and revenue (and related) information in the management of an organisation in the contemporary business environment.   
  • Develop the ability of students to analyse and interpret financial statements for the purposes of assessing performance and making financial decisions.
  • Expose students to ethical issues in accounting.

Course Intended Learning Outcomes (CILOs)
Upon successful completion of this course, students should be able to:

No.

CILOs

Weighting
(if applicable)

1.

Describe and explain the conceptual & practical aspects of accounting

 

2.

Analyze and interpret financial statements

 

3.

Describe and explain the nature and role of management accounting in the strategic and operational planning, control and decision making of an organization

 

4.

Undertake analysis & interpretation of financial statements having regard to ethical issues

 

Teaching and Learning Activities (TLAs)
(Indicative of likely activities and tasks designed to facilitate students’ achievement of the CILOs. Final details will be provided to students in their first week of attendance in this course)

CILO No.

TLAs

Hours/week
(if applicable)

CILO 1
CILO 2
CILO 3

Interactive seminars focusing on the analysis of an entity’s economic transactions, analysis of financial statements, introduction of important role played by cost and revenue (and related) information in the management of an organization, and demonstration of budget planning.

 

CILO 4

Analysis and interpretation of financial statements with due consideration to ethical concerns, and sensitivity of accounting information from discretionary accruals and expenditures.

 

Assessment Tasks/Activities
(Indicative of likely activities and tasks designed to assess how well the students achieve the CILOs. Final details will be provided to students in their first week of attendance in this course)

CILO No.

Type of Assessment
Tasks/Activities

Weighting
(if applicable)

Remarks

CILO 1
CILO 2
CILO 3
CILO 4

 

AT1, AT2, AT3 and AT4

 

 ---

 


 Coursework: 50%

AT1   Class-based assessment activities (10-15%) such as quizzes, assignments and participation to assess students’ understanding and knowledge of the weekly topics.

AT2     Mid-term test (20-30%) to provide a mid-semester assessment of students’ competence level of the topics.

AT3     A case study / group project (10-20%) during the semester to provide continuous assessment of students’ understanding and knowledge on topics on the weekly teaching schedule.

Examination:  50% (a 2-hour examination)

AT4     A written examination to assess students’ competence level of the topics.

Students are required to pass both coursework and examination components in order to pass the course.

Grading of Student Achievement:  

CILO No.

Excellent
A+  A  A-

Good
B+  B  B-

Adequate
C+  C  C-

Marginal
D

CILO 1

Explain cogently why financial reporting is undertaken within a conceptual framework & identify ethical issues & a comprehensive list of strengths & weaknesses of financial reporting

Explain why financial reporting is undertaken within a conceptual framework & identify ethical issues & some strengths & weaknesses of financial reporting

Explain in part why financial reporting is undertaken within a conceptual framework & identify ethical issues & a few strengths or weaknesses of financial reporting

Explain weakly why financial reporting is undertaken within a conceptual framework & identify ethical issues & and at least one strength or weakness of financial reporting

CILO 2

Demonstrate an ability to use correctly several analytical techniques in depth to interpret financial statements to produce a feasible economic story that enables a comparison of the investment potential of different entities.

Demonstrate an ability to use correctly some analytical techniques in less depth to interpret financial statements to produce a feasible economic story that enables a comparison of the investment potential of different entities.

Demonstrate an ability to use a few basic financial ratios to interpret financial statements to produce a story that enables a comparison of the investment potential of different entities.

Demonstrate some ability to use a few financial ratios to interpret financial statements to produce a story about the entity.

CILO 3

Describe, explain, and demonstrate all or almost all of the nature and role of management accounting in the strategic and operational planning, control and decision making of an organization as well as cost classification, behaviour, cost accumulation and budgeting process.

Describe, explain, and demonstrate most of the nature and role of management accounting in the strategic and operational planning, control and decision making of an organization as well as cost classification, behaviour, cost accumulation and budgeting process.

Describe, explain, and demonstrate some of the nature and role of management accounting in the strategic and operational planning, control and decision making of an organization as well as cost classification, behaviour, cost accumulation and budgeting process.

Describe, explain, and demonstrate a few of the nature and role of management accounting in the strategic and operational planning, control and decision making of an organization as well as cost classification, behaviour, cost accumulation and budgeting process.

CILO 4

Analyse and form a defensible opinion about all or almost all ethical issues in accounting.

Analyse and form a defensible opinion about most ethical issues in accounting.

Analyse and form a defensible opinion about some ethical issues in accounting.

Analyse and form a defensible opinion about a few ethical issues in accounting.

Part III

Keyword Syllabus

Conceptual framework, transaction analysis, earnings management, financial statement preparation, analysis and interpretation, financial ratios, management accounting.

Related Links
Department of Accountancy