|1.||NAME OF COURSE / MODULE||ADVANCED 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 4/Year 2|
|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 Principles of Accounting
MAB1023 Intermediate Accounting I
MAB2023 Intermediate Accounting II
|9.||OBJECTIVES||The course aims to enhance (using comprehensive case studies) competencies to consolidate more complex group structures to deal with associates, joint ventures, foreign operations as well as prepare consolidated Statement of Cash Flows. Also aims to introduce advanced disclosure issues relating to operating segments and related party transactions.|
|10.||LEARNING OUTCOMES||On completion of the course, the students should be able to:
1. Prepare consolidated financial statements for a complex group structure. (LO3-CTPS3)
2. Prepare consolidated statement of cash flow for a complex group structure. (LO3-CTPS3)
3. Explain and present information relate to operating segments, related party transactions and foreign operations. (LO1-C3)
4. Carry out a complex group financial statement analysis and interpret the financial ratios. (LO5-TS3)
5. Explain current developments at IASB and MASB (relating to issues discussed in the course) (LO1-C3)
|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 fourth level course for Financial Accounting and Reporting. This course builds on knowledge and skills introduced in FAR 3 takes them to the fourth stage capabilities and competency building in IFRS. It advances the skills in consolidation by introducing more complex group structures to deal with associates, joint ventures, foreign operations. It deals with related issues such as consolidated Statement of Cash Flows and introduces advanced disclosure issues relating to operating segments, related party transactions topics.|
|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. Jeter, D.C., and Chaney, P., (2012). Advanced Accounting, 5th ed., John Wiley & Sons Inc.,USA.
4. Lazar, J., and Huang, C.C., (2010). Financial Reporting Standards for Malaysia, 3rd ed., Mc-Graw Hill Education, Malaysia.
5. Ng E. J., (2010). A Practical Guide to Financial Reporting Standards (Malaysia), 3rd ed., CCH, Malaysia.
6. 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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