UNIVERSITI TEKNOLOGI MARA

COURSE INFORMATION

Confidential

Course Code : ACC406

Course Name INTERMEDIATE FINANCIAL ACCOUNTING AND REPORTING APPROVED

:
(English)

Course Name (Malay) : PERAKAUNAN KEWANGAN DAN PELAPORAN

MQF Level : 6 - Bachelors Degree

SLT : 120 Hours

Equivalent to 3 Credits

Face to Face: 42 Hours

Non Face to Face: 20 Hours

Student Preparation Time: 58 Hours

Pre-Requisite No module recommendations

:
Courses

Co-requisite Courses : No co-requisite Courses listed

Equivalent Courses : No equivalent Courses listed

Faculty Name : FACULTY OF ACCOUNTANCY Start Year : 2017

© Copyright Universiti Teknologi MARA Review Year : 2018
Course Learning Outcomes

At the end of the course, students should be able to:

1. Apply basic accounting knowledge in order to complete accounting cycles which include classifying, journalizing,
posting to ledgers and preparation of financial statement of sole proprietorship and partnership. ( C3 )
2. Demonstrate teamwork through acquisition of accounting information in the preparation of financial statement of sole
proprietorship or partnership. ( A3 )
3. Organise accounting information required for recording process in the preparation of financial statement of sole
proprietorship or partnership. ( A4 )

Course Description

This course is designed to provide a fundamental understanding of the basic accounting concepts, principles and
techniques of double entry system, procedures in preparing final accounts of a sole trader for merchandising and service
enterprise and procedures in preparing final accounts of a partnership business. This course aims to provide students with
the basic accounting knowledge of the total recording process as well as maintenance of full set of accounts that a
business organisation should keep. It is also designed to develop the student’s skill in preparing financial statement for
partnerships, simple changes in partnership and accounting treatment for asset revaluation and changes in goodwill.

Syllabus Content

1. Introduction 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 service enterprise, partnership and private & public
companies)

2. Accounting concepts and conventions

Going Concern concept

Business entity concept
Monetary/Money Measurement concept
Neutrality concept
Materiality
Consistency concept
Comparability concept

3. Accounting Equation and Accounting Classification

Statement of financial position format and the classification of items in it

Basic accounting equation
Effects of transactions on the basic accounting equation
Expanded accounting equation
Effects of transactions on the expanded accounting equation

4. Principles of Double Entry and Trial Balance

Double entry rules

Ledger entries
Balancing of ledger accounts
Trial Balance (pre-adjusted only)
Final accounts without adjustment

Faculty Name : FACULTY OF ACCOUNTANCY Start Year : 2017

© Copyright Universiti Teknologi MARA Review Year : 2018
5. Books of Prime Entry

Introduction to source documents

Types of journals
Types of ledgers
Recording process from source documents to journals and posting to ledgers

6. Preparation of Final Accounts with Balance Day Adjustments

Adjustments of accruals and prepayments

Bad debts and Bad debts recovered
Doubtful debts and Allowance for doubtful debts
Capital expenditure and Revenue expenditure
Depreciation of non-current assets based on MFRS116
Preparation of final accounts with adjustments using vertical format

7. Accounting for Partnership

Definition of partnership
Formation and types of partners
Introduction to Partnership Accounts
Formation of Partnership
Characteristics of Partnership
Partner’s Capital and Current Accounts
Preparation of final accounts: Statement of Comprehensive Income, Appropriation Account and Statement of Financial
Position
Simple changes in partnership

Teaching Methodologies

Blended Learning
Lectures
Self-directed Learning
Tutorial

Assessment

Continuous 50.00%
Assessment: Final Project - 15%
Group Project - 20%
Writing Test - 15%

Final Assessment: 50.00%

Final Examination - 50%
Duration : 180 minutes

Transferable Skills

Reflective Learner Resourceful and Responsible Effective Communicator Responsive

Recommended Text

Fatimah Rauf and et al, Financial Accounting For Non Accounting Students, latest edition, Mc Graw Hill Education, 2017,
ISBN: n/a
Roshayani Arshad and et al, Financial Accounting, latest edition, n/a, ISBN: 9789833850921

References

Faculty Name : FACULTY OF ACCOUNTANCY Start Year : 2017

© Copyright Universiti Teknologi MARA Review Year : 2018
 UNIVERSITY TEKNOLOGI MARA

COURSE LEARNING OUTCOMES - MOE LEARNING OUTCOMES - SOFT SKILLS LEARNING OUTCOMES RELATIONSHIP MATRIX

COURSE CODE ACC406 FACULTY / ACADEMY FACULTY OF ACCOUNTANCY

COURSE NAME (IN ENGLISH) INTERMEDIATE FINANCIAL ACCOUNTING AND REPORTING CREDIT UNIT 3

COURSE NAME (IN MALAY) PERAKAUNAN KEWANGAN DAN PELAPORAN RESOURCE PERSON SITI SYAQILAH BINTI HAMBALI

  Achievement of MOHE Learning Outcomes Achievement of Soft Skills Learning Outcomes

Course Learning Outcomes (CLO) LO1 LO2 LO3 LO4 LO5 LO6 LO7 LO8 LO9 SS1 SS2 SS3 SS4 SS5 SS6 SS7

Apply basic accounting

knowledge in order to complete
accounting cycles which include
CLO1 classifying, journalizing, posting /
to ledgers and preparation of
financial statement of sole
proprietorship and partnership.
( C3 )

Demonstrate teamwork through

acquisition of accounting
CLO2 information in the preparation of / /
financial statement of sole
proprietorship or partnership.
( A3 )

Organise accounting information

required for recording process in
CLO3 the preparation of financial / /
statement of sole proprietorship
or partnership.
( A4 )

Ministry of Education Learning Outcomes Soft Skills Learning Outcomes

i. Knowledge i. Critical Thinking and Problem-solving Skills

ii. Practical Skills ii. Communication Skills
iii. Thinking and Scientific Skills iii. Team Skills
iv. Communication Skills iv. Ethics & Moral Professionalism
v. Social skills, Teamwork and Responsibilities v. Life-long Learning & Information Management
vi. Values, Ethics, Moral and Professionalism vi. Entrepreneurial Skills
vii. Information Management and Life Long Learning vii. Leadership Skills
viii. Management and Entrepreneurship
ix. Leadership Skills

Faculty Name : FACULTY OF ACCOUNTANCY Start Year : 2017

© Copyright Universiti Teknologi MARA Review Year : 2018
 UNIVERSITY TEKNOLOGI MARA

COURSE LEARNING OUTCOMES - TAXONOMY LEVELS

COURSE CODE ACC406 FACULTY / ACADEMY FACULTY OF ACCOUNTANCY

COURSE NAME (IN ENGLISH) INTERMEDIATE FINANCIAL ACCOUNTING AND REPORTING CREDIT UNIT 3

COURSE NAME (IN MALAY) PERAKAUNAN KEWANGAN DAN PELAPORAN RESOURCE PERSON SITI SYAQILAH BINTI HAMBALI

COGNITIVE PSYCHOMOTOR AFFECTIVE

COURSE OUTCOMES
C1 C2 C3 C4 C5 C6 P1 P2 P3 P4 P5 P6 P7 A1 A2 A3 A4 A5

Apply basic accounting knowledge in order

to complete accounting cycles which
include classifying, journalizing, posting to
1 ledgers and preparation of financial /
statement of sole proprietorship and
partnership.
( C3 )

Demonstrate teamwork through acquisition

of accounting information in the
2 preparation of financial statement of sole /
proprietorship or partnership.
( A3 )

Organise accounting information required

for recording process in the preparation of
3 financial statement of sole proprietorship /
or partnership.
( A4 )

Faculty Name : FACULTY OF ACCOUNTANCY Start Year : 2017

© Copyright Universiti Teknologi MARA Review Year : 2018
 UNIVERSITY TEKNOLOGI MARA

COURSE OUTCOMES

COURSE CODE ACC406 FACULTY / ACADEMY FACULTY OF ACCOUNTANCY

COURSE NAME (IN ENGLISH) INTERMEDIATE FINANCIAL ACCOUNTING AND REPORTING CREDIT UNIT 3

COURSE NAME (IN MALAY) PERAKAUNAN KEWANGAN DAN PELAPORAN RESOURCE PERSON SITI SYAQILAH BINTI HAMBALI

ACHIEVEMENT OF MOE LEARNING OUTCOMES

COURSE LEARNING OUTCOMES TEACHING METHODOLOGY ASSESSMENT
LO1 LO2 LO3 LO4 LO5 LO6 LO7 LO8 LO9

Apply basic accounting knowledge in order to Lecture Writing Test

complete accounting cycles which include Tutorial Group Project
1 classifying, journalizing, posting to ledgers / Test Final Project
and preparation of financial statement of sole Assignment Final Examination
proprietorship and partnership. Examination

Demonstrate teamwork through acquisition of No Instructional Methods Writing Test

2 accounting information in the preparation of / Linked Group Project
financial statement of sole proprietorship or Final Project
partnership. Final Examination

Organise accounting information required for No Instructional Methods Writing Test

3 recording process in the preparation of / Linked Group Project
financial statement of sole proprietorship or Final Project
partnership. Final Examination

Faculty Name : FACULTY OF ACCOUNTANCY Start Year : 2017

© Copyright Universiti Teknologi MARA Review Year : 2018