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Prerequisite: AKU 1601
Credit Hours: 3

Dr. Supriyadi, M.Sc., CMA, CA, Ak.
Accounting Department, Faculty of Economics and Business, Universitas Gadjah Mada
Phone: 081 125 2488; Email:
Office Hours: Tuesday 4-6pm or by appoinment
Lecture Meeting: Tuesday, 01.30 pm – 04.00 pm; Classroom: U-212

Course Description
The course is designed to help students learn best about (1) financial accounting concepts and
principles such as definition, measurement and valuation, and reporting financial information;
and (2) applying financial accounting concepts and principles for current operating assets. The
course is a part of a series of intermediate accounting courses (AKU 2101, 2102, and 2103).
Since Indonesia has converged its accounting standards into IFRS-based acconting standards in
2012, then the course will devote more time on discussing underlying IFRS concepts and their

Course Objectives
After completion of the course, students are expected to be able to:
1. Understand financial accounting conceptual framework issued by FASB and IASB,
2. Prepare financial statement for non-group business entity, and
3. Demonstrate accounting technical skills to apply IFRS-based accounting standards for
current operating assets.

Course Material
Kieso, Donald E., Jerry J. Weygandt, and Terry D. Warfield. 2011. I ntermediate Accounting.
IFRS Edition. Volume 1. USA: John Wiley & Sons, Inc.

Pernyataan Standar Akuntansi Keuangan (PSAK) (see reference in the course outline)

Student’s Responsibilities
 Class meeting will be used by the lecturer to confirm student’s understanding of the
underlying concepts of accounting. Students should read the chapter assigned and are
required to do and submit the individual homework assigned and group assignment before
each class meeting.
 Students are expected to attend all scheduled class meetings. Absence from class meetings
shall not exceed 25%. Students who exceed the 25% limit without a medical or emergency
excuse acceptable to and approved by the Associate Dean of Academic shall not be
allowed to take the final exam and shall receive a grade of E from this course.
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 Operating laptop, mobile phone, and other communication devices are strictly prohibited
during class meetings. Any student found operating these devices should leave the class
and will be considered as an absence for the class meeting.

Academic Integrity
Academic integrity forms a fundamental bond of trust between colleagues, peers, lecturers,
and students, and it underlies all genuine learning. There is no tolerance for plagiarism or
academic dishonesty in any form, including, but not limited to, viewing the exams of others,
sharing answers with others, using books or notes while taking the exam, copying answers or
papers, or passing off someone else’s work as one’s own. A breach of ethics or act of
dishonesty can result in failure of an entire course.

Teaching Methods
A combination of lecturing, group discussion, and problem solving will be applied to this
class. Lecturing is purpoted to confirm student’s understanding of some underlying financial
accounting concepts. Most of the lecturing will be directed to discuss and answer student’s
questions. Hence, the most important requirements for this course are a thorough preparation
and reading materials and active participation in the classroom. Student individually is
required to submit the assigned homework (hand written) before each class meeting. At the
mid-term and end of semester, students in a group are also required to submit the assigned
project report. The project assignments and list of group will be distributed in the third class

Your grade will be determined based on your total score on the following items:
Mid Exam 35%
Final Exam 35%
Quizzes and assignments 10%
Homework 10%
Project 10%

Your final score will be mapped to a course grade based on the following scheme:
A 90 or above C+ 65 to 69
A- 85 to 89 C 60 to 64
B+ 80 to 84 D 50 to 59
B 75 to 89 E below 50
B- 70 to 74

Course Outline

Week Topics Reference Homework
1 Introduction and class management;
Financial Accounting and Accounting
 Sillaby;
 KWW, Ch. 1;
 PSAK No. 1 (revisi 2009);

2 Conceptual Framework for Financial  KWW, Ch. 2; CA1-2; CA1-3;
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 SAK: kerangka dasar
penyusunan dan penyajian
laporan keuangan;
3 Income Statement and Related

 KWW, Ch. 4;
 PSAK No. 1 (revisi 2009);
 PSAK No. 25 (revisi 2009);
BE2-1; BE2-2;
BE2-5; E2-6
4 Statement of Financial Position

 KWW, Ch. 5;
 PSAK No. 1 (revisi 2009);
 PSAK No. 25 (revisi 2009);
E4-11; E4-17; P4-5
5 Statement of Cash Flows

 KWW, Ch. 5;
 PSAK No. 1 (revisi 2009);
 PSAK No. 2 (revisi 2009);
E5-3; E5-4; E5-6
6 Statement of Changes in Equity and
Full Disclosures

 KWW, Ch. 4;
 PSAK No. 1 (revis 2009);
 PSAK No. 25;
E5-13; E5-18; P5-7
7 Accounting and the Time Value of
 KWW, Ch. 6 E6-6; E6-21; P6-
Midterm Exam
8 Cash  KWW, Ch. 7 including
Appendix 7A;
 PSAK No. 2 (revisi 2009)

9 Receivables  KWW, Ch. 7. E7-3;E7-5;E7-
10 Receivables  KWW, Ch. 7. E7-13;E7-17; E7-
20;E7-21; E7-22
11 Valuation of Inventories: A Cost-Basis

 KWW, Ch. 8;
 PSAK No. 14 (Revisi

12 Valuation of Inventories: A Cost-Basis
 KWW, Ch. 8.
13 Inventories: Additional Valuation
 KWW, Ch. 9;
 PSAK No.14 (Revisi 2008);

14 Inventories: Additional Valuation
 KWW, Ch. 9;
 PSAK No.14 (Revisi 2008);

Final Exam

Others: Student should bring his/her own textbook and calculator. Unless stated by the instructor, students
should follow all rules given by the program. If student has questions related to the course, it is suggested to
contact the instructor through email or come to see the instructor at the office hour stated above.