BAC1614 FINANCIAL ACCOUNTING REPORTING 1

Course Code : BAC1634

Course Title : Financial Accounting Reporting 1
Course Status : Major
Credit Hours : 4
Pre-requisite : BAC1614 Fundamentals of Financial Accounting
Assessment : Individual assignments 2!
Mid"semester e#amination 1$!
Final e#amination 6$!
%otal 1!
Trimester Offered : First &Beta' (ear) %rimester 2
Objective : %*is su+ject aims to e#pose t*e students to various scenarios t*e, -ill face in t*e
real +usiness +, e.uipping students -it* t*e +asic /no-ledge dealing -it* dail,
transactions in a corporation or partners*ip0 %*e su+ject also focuses on t*e
relevant accounting standards0
1ecture2%utor 3 4i/ Mo*amad 5a/i 4i/ 6alle*
Room 3 F7MBR322
%el 8 3 9312$:9
;mail 3 ni/0<a/i0nsalle*0mmu0edu0m,
Notes:
1. An absence from class! "it#out valid reasons and evidence "ill be
recorded and students "#o failed to ac#ieve $%& of t#e attendance "ill
be barred from sittin' t#e final e(amination.
). An student "#o came to class "it#out brin'in' te(tboo* and learnin'
materials "ill 'et +ero ,%- for attendance.
.. An student "#o never attem/ted t#e tutorial questions "ill 'et +ero ,%-
for attendance.
1
0ecture 1 Tutorial Sc#edule:
Wee
k
No.
Week
Begin
Lecture Topics Readings Tutorial
assignment
s
C#a/. Page Chap
.
Question
1 2 =une
Financial Accounting and Accounting Standards
Conceptual Framework for Financial Accounting
MFRS, Jane
Lazar Chap1
!"
2 > =une
#artnership Accounts
An introduction
Li$uidation of a partnership
%usiness
Accounting,
Frank &ood '
Slides
3
16 =une
#artnership Accounts
Admission and withdrawal of partner
%usiness
Accounting,
Frank &ood '
Slides
Refer to handout
4
23 =une
Compan( Accounts!#art 1
Formation of compan(
Capital structure
Classes of shares
)erms of the issue
Compan( '
*roup
Financial
Reporting,
Jane Lazar !
Chap "
1+!,+
Refer to handout
$
3 =une
Compan( Accounts!#art "
Redeema-le #reference Shares
Share -u(-ack
Redemption of de-entures
Con.ersion preference shares and de-entures
Compan( '
*roup
Financial
Reporting,
Jane Lazar /
Chap
,0!01 " "21, "2",
"23, "2,,
"24, "2+
6
: =ul, MFRS 1 5arnings #er Share
MFRS Chap1 ,03!
410
23, 23,
2,, 24,
2+
: 14 =ul, )65S7A8 / #6%L9C :;L97A8
BAC1614 FINANCIAL ACCOUNTING REPORTING 1
&1$ =ul, 4u<ul Al?uran'
9 21 =ul, MFRS 1<1 #resentation of Financial Statements
MFRS Chap1< 141!
10,
1 1,",,3,,,
4
> 29 =ul, M97 )5RM %R5A= ! &29"2> @ari Ra,a'
1< 3 Aug MFRS11< 5.ents After )he Reporting #eriod
MFRS Chap13 "++!
"1+
1< 3,,,4,+
11 11 Aug MFRS1+ #ro.isions and Contingencies
MFRS Chap3 4+4!
40"
13 1,",
1" 11 Aug MFRS11+ Leasing> Accounting 9ssues
MFRS Chap
11
0!
314
3 1,",,3,,,
4
1 ", Aug
FRS 114 #ropert(, #lant and 5$uipment ?Fi@ed
AssetsA#lant AssetsB
MFRS Chap1+ ,4!
1,
11 1,",,3,,,
4
13 1 Sept
MFRS , Con!Current Assets :eld For Sale '
7iscontinued ;perations
MFRS, 1+ 1,",,3,,
1, 1 Sept Revision
14 1, Sept EX!
Te"t Book#
Jane Lazar ' :uang Chin Choo!Mala(sian Financial Reporting Standards, Re.ised
rd
5dition, Mc*raw :ill, "<1"
Jane Lazar ' )an La( Leng / Compan( and *roup Financial Reporting, #rentice :all, +
th
edition2
Re$erences#
1. Cg, 52 J2 ?"<1"B2 A #ractical *uide to Financial Reporting Standards ?Mala(siaB, 3
th
edition2 CC: Asia #)5 Ltd, a
&olters =luwer %usiness2
2. =ieso, 72 52, &e(gandt, J2J2 ' &arDeld, )2 72 "<12 Intermediate Accounting. 1,
th
ed2 John &ile( ' Sons ?=&B, 6S2
3. 5lliott, %2 ' 5lliot, J2 Financial Accounting and reporting, 1,
th
5dition2 #rentice :all2
4. Mala(sian Financial Reporting Standards
5. Listed Companies annual reports
4