1. NAME OF COURSE  / MODULE INTERMEDIATE ACCOUNTING I
2. COURSE CODE MAB1043
3. NAME(S) OF ACADEMIC STAFF  
4. RATIONALE FOR THE INCLUSION OF THE COURSE/MODULE IN THE PROGRAMME To develop understanding of selected IFRS judgments and estimates.
5. SEMESTER & YEAR OFFERED Semester 2/Year 1
6. TOTAL STUDENT LEARNING TIME (SLT) Face to face:

L T E SL
28 14 3 80

L=lecture ; T=Tutorial; E=Exam; SL=Self-Directed Learning

Total Guided and Independent Learning:

125
7. CREDIT VALUE 125/40 = 3.125 (3 credit); 2+2
8. PREREQUISITE (IF ANY) MAB1013 Principal of Accounting
9. OBJECTIVES The course aims to introduce non-current assets, property, plant and equipment, intangibles, investment properties, agriculture-biological assets, financial assets and liabilities, It also introduces the concept of subsequent measurement for PPE, intangibles, investment properties, agriculture-biological assets, financial assets and liabilities and builds students’ capabilities to compare and contrast the differences between these categories of assets and their treatment.
10. LEARNING OUTCOMES On completion of the course, the students should be able to:

1.     Explain the different measurement bases and circumstances when these measurement bases are appropriate for PPE, intangibles, investment properties, agriculture-biological assets, financial assets and liabilities (LO1-C2, LO3-CTPS3)

2.     Carry out more complex financial statement analysis and interpret the financial ratios (LO5-TS3)

3.     Explain current developments at IASB and MASB (relating to issues discussed in the course) (LO1-C2, LO2-P3)

11. TRANSFERABLE SKILLS The syllabus is designed to progressively broaden and deepen the knowledge, skills and professional values demonstrated by the student on their way through the qualification.

The syllabus is assessed by a three-hour paper-based examination. Questions will assess all parts of the syllabus and will include computational and non-computational elements.

12. TEACHING-LEARNING AND ASSESSMENT STRATEGY
Teaching & Learning Methods Suggested Assessment
1. Face to face interactions during lectures & tutorials.

2. PBL and presentations.

1.  Assignments, internal examinations.

2.  Presentation rubric

13. SYNOPSIS This is the second level course for Financial Accounting and Reporting. This course builds on knowledge and skills introduced in FAR 1. The course introduces:

1.     Non-current assets, property, plant and equipment, intangibles, investment properties, agriculture-biological asset, financial assets and liabilities.

2.     The concept of subsequent measurement for PPE, intangibles, investment properties, agriculture-biological assets, financial assets and liabilities.

3.     Compares and contrasts the differences between these categories of assets and their treatment.

4.     Discusses impairments and relate to 3.

14. MODE OF DELIVERY Lecture, tutorial and PBL and case presentation.
15. ASSESSMENT METHODS AND TYPES
Component %
Continuous Assessment 40%
Final Examination 60%
Total 100%
16. CONTENT OUTLINE OF THE COURSE/MODULE AND SLT PER TOPIC
Topics L T P E SL Total
Property, Plant and Equipment 3 1.5 9 13.5
Inventories 2 1 6 9
Intangible Assets 3 1.5 9 13.5
Investment Property 3 1.5 9 13.5
Biological Assets 3 1.5 9 13.5
Financial Assets 2 1 6 9
Financial Liabilities 2 1 6 9
Leases 2 1 6 9
Formative Assessment 12 14 26
Final 3 6 9
TOTAL 20 10 0 15 80 125
17. REFERENCES Main references:

1.    Picker, R. Leo, K.J, Loftus, J. Wise, V., Clark, K., and Alfredson, K., (2012). Applying International Financial Reporting Standards, 3rd Edition, John Wiley & Sons Inc., USA.

2.    Tan L. T., (2012). Financial Accounting & Reporting in Malaysia, Vol. 1 & 2, 4th ed., CCH-Asia, Malaysia.

3.    Lazar, J., and Huang, C.C., (2010). Financial Reporting Standards for Malaysia, 3rd ed., Mc-Graw Hill Education, Malaysia.

4.    Ng E. J., (2010). A Practical Guide to Financial Reporting Standards (Malaysia), 3rd ed., CCH, Malaysia.

5.    Malaysian Accounting Standards Board, www.masb.org.my  MFRS standards

Additional reference:

1.          Weygandt, J. J., Kimmel, P. D., and Kieso, D. E., (2011). Financial Accounting, IFRS edition, John Wiley & Sons Inc., USA.