New format for OBE-SCL Lesson Plan 2018

FAKULTI PERAKAUNAN
UNIVERSITI TEKNOLOGI MARA

SEMESTER: SEPTEMBER 2019 – JANUARY 2020

PROGRAM NAME : Bachelor Degree

PROGRAM CODE :
COURSE NAME : Intermediate Financial Accounting and Reporting
COURSE CODE : ACC 406
LECTURE : 2 hrs/wk
TUTORIAL : 1 hr/wk
LECTURER : Rohana Mohd Noor ROOM: AC731 TEL: 013-6317598

COURSE LEARNING OUTCOMES

CO1 Apply basic accounting knowledge onto the preparation of financial statement for sole proprietorship and partnership.
Demonstrate teamwork through the gathering of accounting information needed in the preparation of financial statement for sole
CO2 proprietorship or partnership.

Organise accounting information required for recording process in the preparation of financial statement for sole proprietorship or
CO3 partnership.

PLAN STRUCTURE

NO WEEK TOPIC CONTACT LECTURE/TUTORIAL COVERAGE TOPIC OUTCOME (TO) CO PO LEARNING ASSESSMENT

Page 1
 New format for OBE-SCL Lesson Plan 2018

HOURS MODEL
1 1 Introduction on Ability to:
OBE-SCL,  Understand the
Entrance significance important of
adopting OBE for the
survey,
 Ice breaking. course. Sharing of
Assessment  Overview of OBE.  Recognize FACT
plan and SLT materials Entrance
 Overview of the course via program educational
and Survey
lesson plan and syllabus objectives (PEOs).
contents.  Recognize the course information
outcomes (COs).
 Recognize the course
topic outcomes (TOs).

Page 2
 New format for OBE-SCL Lesson Plan 2018

1 Introduction to 3 (2L,1T) Introduction to accounting Ability to:

Accounting  Definition of accounting
 Differentiate between
accounting and bookkeeping
 Functions of financial
statements
 Main user groups of financial
statements
 Accounting cycle
 Various forms of business
(Sole trader of
merchandising and services
enterprise, partnership and
private & companies)
 Accounting cycle
 Distinguish between
different types of
business organizations
 Differentiate between
accounting and
bookkeeping
 Identify the users of
accounting information
 Illustrate accounting
process
 Describe the
accounting cycle

PO
Test, Final
1
CO1 Lecture, Exam &
,2 Tutorial Group
Project

Page 3
 New format for OBE-SCL Lesson Plan 2018

2 1 Accounting 3 (3L,1T) Accounting Concepts and Ability to:

Concepts and Conventions  Distinguish between
Conventions accounting principles,
 Going concern concept bases and policies
 Business entity concept  State and explain
 Monetary/ Money accounting principles
measurement concept
 Neutrality concept
 Materiality concept
 Consistency concept
 Comparability concept
PO Test, Final
CO
1 Lecture & Exam &
1,2,3
Tutorial Group
Project

Page 4
 New format for OBE-SCL Lesson Plan 2018

3 Accounting Accounting Equation and Ability to:

Equation and Accounting Classification
Accounting
Classification  Statement of financial
position format and the
classification of items in it
 Basic accounting equation
 Effects of transactions on the
accounting equation.
 Expanded accounting
equation
 Effects of transactions on the
expanded accounting
equation
 Defines assets, owner’s
equity and liabilities
 Determine the basic
accounting equation
 Defines revenues and
expenses
 Identify the relationship
between profit and the
accounting equation
 Show the effects of
transactions on the
accounting equation

Test, Final
PO
CO Lecture & Exam &
1
1,2,3 Tutorial Group
Project

Page 5
 New format for OBE-SCL Lesson Plan 2018

Assessment:
Coursework:
Test 15%
Group Project 20%
Final Project 15%
50%
Final exam 50%
Total 100%

Recommended Text

 Fatimah Abdul Rauf, Amla Abu, and Radziah Mahmud, FINANCIAL ACCOUNTING FOR NON ACCOUNTING STUDENTS, Fifth Edition,
Mc Graw Hill Education, 2017, ISBN:9789670761213.
 Leong A & Wong S V, Business Accounting, 3rd edition, Prentice Hall, 2010.
 Wood F, Business Accounting, Volume 1, 10th Edition, Prentice Hall, 2005.

References

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

4 Principles of Principles of Double Entry and Ability to: CO PO Lecture & Test, Final
Double Entry Trial Balance 1,2,3 1 Tutorial Exam &
and Trial  Identify the double Group
 Double entry rules entry rules for assets, Project
Balance
 Ledger entries capital and liabilities,
 Balancing of ledger accounts revenues and
 Trial Balance (pre-adjusted expenses
only)  Explain the differences

Page 6
 New format for OBE-SCL Lesson Plan 2018

 Final accounts without between trade discount

adjustment and cash discount,
 Trade discount and cash carriage inwards and
discount, carriage inwards carriage outwards
and carriage outwards  Balance off the
accounts for assets,
liabilities, capital,
revenues and
expenses
 Distinguish between
debit balance, credit
balance and zero
balance
 Prepare trial balance to
determine the
arithmetical accuracy
of the double entry
rules

Page 7
 New format for OBE-SCL Lesson Plan 2018

5 Books of Books of Prime Entry Ability to:

Prime Entry  Describe accounting
 Introduction to source cycle
documents.  Explain the function of
 Types of journals each of the journals and
- Sales journal ledgers
- Purchases journal  Explain the function of
- Return inwards journal each boom of prime entry
- Return outwards journal
- Cash Receipts Journal
- Cash Payments journal
- General journal
 Types of ledgers
- Sales ledger
- Purchases ledger
- General ledger
 Recording process from
Test, Final
source documents to
CO PO Lecture & Exam &
journals and posting to
1,2,3 1 Tutorial Group
ledger
Project

Page 8
 New format for OBE-SCL Lesson Plan 2018

6 Preparation of Preparation of Final Accounts Ability to:

Final with Balance Day Adjustments  Make necessary
Accounts with adjustments for
Balance Day  Adjustments of accruals and expenses paid in
prepayments advance and accrual
Adjustments
 Bad debts and bad debts expenses
recovered  Make necessary
 Doubtful debts and adjustments for revenue
allowance for doubtful debts received in advanced
 Capital expenditure and and accrues revenue
revenue expenditure  Ascertain amount of
 Depreciation of non-current expenses and revenue
assets based on MFRS 116 items
Preparation of final  Calculate the Lecture,
accounts with yearend depreciation expenses Test, Final
Tutorial,
adjustments using and then ascertain the CO PO Exam &
student-
vertical format accumulated 1,2,3 1 Group
centred
depreciation Project
learning
 Calculate the allowance
for doubtful debt
 Prepare the financial
statements after making
all necessary
adjustments

7 Accounting Accounting for Partnership Ability to: PO Lecture, Test, Final

for  Explain the formation of 1 Tutorial, Exam &
Page 9
 New format for OBE-SCL Lesson Plan 2018

Partnership  Definition of partnership partnership business

 Formation and types of  Explain the
partners characteristics of a
 Introduction to partnership partnership business
accounts  Explain the advantages
 Formation of partnership of a partnership
 Characteristics of business\understand the
partnership governance of a CO
 Partner’s capital and current partnership business 1,2,3 student-
Group
accounts  Record transactions centred
Project
 Preparation of final accounts pertaining to a learning
- Statement of partnership business
comprehensive income  Prepare the final
- Appropriation account accounts of a partnership
- Statement of financial business
position
 Simple changes in
partnership

Page 10