|1.||NAME OF COURSE / MODULE||INTERMEDIATE ACCOUNTING I|
|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=lecture ; T=Tutorial; E=Exam; SL=Self-Directed Learning
|Total Guided and Independent Learning:
|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||
|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||
|16.||CONTENT OUTLINE OF THE COURSE/MODULE AND SLT PER TOPIC||
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
1. Weygandt, J. J., Kimmel, P. D., and Kieso, D. E., (2011). Financial Accounting, IFRS edition, John Wiley & Sons Inc., USA.
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