DEPARTMENT OF ACCOUNTING SCHEDULE 1

NUS BUSINESS SCHOOL WEEKS 1 TO 7

ACC1002 FINANCIAL ACCOUNTING DR WINSTON KWOK
SEMESTER 2 2013 / 2014 ASSOCIATE PROFESSOR

Recommended textbook WK: John J. Wild, Ken W. Shaw, Barbara Chiappetta, and Winston Kwok, Financial Accounting:
Information for Decisions, 2nd Edition, McGraw-Hill Education (Asia), 2014.
Tutorial questions from recommended textbook are indicated by the page numbers and the abbreviations: DQ Discussion Questions;
QS Quick Study; E Exercise; P Problem; SP Serial Problem; BTN Beyond the Numbers. Some problems as indicated have Excel
templates inside the IVLE Workbin.
LECTURES TUTORIALS
Week 1 Accounting in Business Tutorials will start in Week 3.
commencing Read: WK Chapter 1 (exclude To facilitate your learning, please note the following:
13 January 2014 appendices and skip ‘Decision 1) Attendance requirement: Any student who missed two or more
Analysis’ on financial ratios for all tutorials without valid reasons can be deemed to have failed the course.
chapters until after the topic on ‘Valid reasons’ have to be supported by documentary evidence such as
financial statement analysis is medical certificate or letter of excuse from Business School or
covered after recess week.) University. This attendance requirement is necessary as the learning is
cumulative from week to week.
2) You must try the questions on your own before attending tutorials as
that is the only way to master accounting. Tutorial answers will be
uploaded by the end of each week so that you can focus on clarification
during tutorials and not spend time copying answers.
Week 2 Analyzing and Recording
commencing Transactions
20 January 2014 Read: WK Chapter 2
 LECTURES
Week 3 Adjusting Accounts and
commencing Preparing Financial Statements
27 January 2014 Read: WK Chapter 3 (exclude
Appendix 3A)
Week 4 Adjusting Accounts and
commencing Preparing Financial Statements
3 February 2014 (continuation)
Completing the Accounting Cycle
Read: WK Chapters 3 and 4
(exclude Appendix 3A and
Appendix 4A; also exclude ‘step 9
prepare post-closing trial balance’
and ‘step 10 reverse’ of the
accounting cycle)
TUTORIALS
Tutorial 1 Accounting in Business
Page 30 DQ 32, 33, 34
Page 31 QS 1-6, 1-9, 1-10
Page 36 E 1-20
Page 39 P 1-9A (Excel; treat Dec 2 rent as expense; for part 3 exclude
the preparation of statement of cash flows)
Fri 31 Jan is a public holiday (Chinese New Year); see separate
announcement on the tutorial groups affected.
Tutorial 2 Analyzing and Recording Transactions
Page 77 DQ 16, 17, 18 , 19
Page 79 E 2-1, E 2-4
Page 80 E 2-9, E 2-10, E 2-11
Page 86 P 2-6A (exclude part 3)
Note: For this course, you do not need to write the following for
homework and thus they are not examinable:
1) The explanation or description below the journal entry.
2) The balance column format for accounts.
 LECTURES TUTORIALS
Week 5 Receivables Tutorial 3 Adjusting Accounts and Preparing Financial
commencing Read: WK Chapter 8 pages 329 to Statements; Completing the Accounting Cycle
10 February 2014 335 Page 117 DQ 10, 11, 12
Page 124 P 3-2A, P 3-3A (part 4 prepare a classified statement of
Topics for mid-term test in Week 7 financial position, i.e. separate assets and liabilities into current and
up to and including “Receivables” noncurrent)
Page 135 BTN 3-7
Page 166 E 4-15
Page 180 BTN 4-7

Week 6 Inventories and Cost of Sales Tutorial 4 Receivables

commencing Read: WK Chapter 6 (exclude all Page 345 DQ 7, 8, 9
17 February 2014 three appendices) Page 347 E 8-5
Page 348 E 8-6, E 8-7, E 8-8
Page 355 BTN 8-4
Mock test paper MCQ 12 to 16

RECESS WEEK 22 February to 2 March 2014

 LECTURES TUTORIALS
Week 7 Mid-Term Test Tutorial 5 Inventories and Cost of Sales
commencing Wednesday 5 March MPSH 1B Page 260 DQ 14, 15, 16, 17
3 March 2014 10:10am to 11:10am Page 261 QS 6-9
Page 269 P 6-1B
Page 270 P 6-3B
Page 264 E 6-8

To be continued in Schedule 2…