Kolej Negeri Chedang Campus: [Diploma ]

1 Name of Course INTERMEDIATE ACCOUNTING 1

2 Course Code DDW2133
3 Name(s) of
academic staff
4 Rationale for the Program Requirement
inclusion of the
course
5 Semester and Semester 2 Year 1
Year Offered
6 Total Student Learning Time Face To Face Total Guided and Independent
SLT Learning
L=Lecture L T P O
T=Tutorial 54 18 69 141
P=Praktikal (hr per week)
O=Others
7 Credit Value 3
8 Prerequisite Nil
9 Objective 1. Describe the acounting treatment for acquiring, disposal, and valuing property, plant and
equipment and the concept of depreciation and impairment.
2. Axquire and mange relevent information from various sources as well as accept new ideas.
10 Learning By the end of the practicum course, students will be able to:
Outcomes 1. Understand and identify the issues related to accounting framework, standards, basic
principles, information and ethics, and differenciate the cash and acrual basis of accounting.
2. Identify the uses and limitations of financial statements and Time Value Of Money.
3. Identify major classifications of inventory and inventory errors on the financial statements.
4. Describe the accounting treatment for receivables.
5. Explain how property, plant and equipment andnatural resources are reported and analyzed.
11 Transferable  Co-operative learning,
Skills:
 Able to lead a group project
 Ablo to improve communication skill
 Alert with the changing in their environment
12 Teaching-  Teaching-learning
learning and
 Case study
assessment
strategy Assessment strategy
 Continuous assessment : 40%
 Term end assessment : 60%
13 Synopisis This course is designed to provide in-depth knowledge about the accounting framework and
financial reports. It will cover various topics in the Income Statement and Balance Sheet items
including time value of money, inventory valuation, cash and cash equivalent and revenue
recognition principles, acquisition and disposition of tangible and intangible assets, depreciation
and depletion, and goodwill treatments.
14 Mode of delivery Lecture and discussion, co-operative learning, group project, presentation
15 Assessment Assessment by Mentor 40%
Methods and Assessment by Academic supervisor 60%
Types

Part C_Area 2_1

Kolej Negeri Chedang Campus: [Diploma ]

16 Mapping of the
course to the Subject Los/ Programme Aims

Programme A01

Programme A02

Programme A03

Programme A04

Programme A05

Programme A06
Program
Learning
Outcomes

Subject Learning Outcome 1     

Subject Learning Outcome 2     

Subject Learning Outcome 3     

Subject Learning Outcome 4   

Subject Learning Outcome 5     

17 Mapping of the
course to the Subject LOs/ Programme
Programme LO1

Programme LO2

Programme LO3

Programme LO4

Programme LO5

Programme LO6

Programme LO7
Program LOs
Learning
Outcomes

Subject Learning Outcome 1       

Subject Learning Outcome 2     

Subject Learning Outcome 3      

Subject Learning Outcome 4     

Subject Learning Outcome 5     

18
Total SLT (hours)
Library search

Assignment
Self-study
Lecture

Tutorial

Exam
Quiz

Test

Course Materials

Part C_Area 2_2

Kolej Negeri Chedang Campus: [Diploma ]

Topic 1: Introduction To The Conceptual

Framework Underlying Financial Accounting

1.1 Definitions
1.2 General Principle
3 1 3 0 0 1 8
1.3 Accounting Information And Standard
1.4 First Level
1.5 Second Level: Fundamental Concept
1.6 Third Level: Recognition And
Measurement Concept
1.7 Comparison Of IAS and FRS

Topic 2: Income Statement and Related

Information
2.1 Income Statement Format: Computation
And Recording.
3 1 3 0 0 1 8
2.2 Income Statement: Reporting Irregular
Items
2.3 Special Reporting Issues
2.4 Corresponding FRS

Topic 3: Balance Sheet

3.1 Balance Sheet Format
3.2 Additional Reporting Issues 6 2 6 0 0 1 9
3.3 Presentation And Analysis
3.4 Corresponding FRS

Topic 4: Accounting and Time Value Of

Money
4.1 Basic Time Value Concept 6 2 6 1 1 1 11
4.2 Single Sum and Annuities
4.3 More Complex Situation

Topic 5: Revenue Recognition

5.1 Guidelines And Principles
5.2 Valuation And Recording: At Point of Sale 3 1 3 0 0 1 8
Criteria

Topic 6: Revenue Recognition

6.1 Valuation and Recording: Before Delivery.
6.2 Valuation and Recording: After Delivery
6.3 Corresponding Frs 3 1 3 0 0 1 8

Part C_Area 2_3

Kolej Negeri Chedang Campus: [Diploma ]

Topic 7: Accounting For Hire Purchase

3 1 3 0 0 1 8

Topic 8: Tangible Assets Concept

8.1 Cash
8.2 Cash Management
3 1 3 1 0 1 9
8.3 Receivables
8.4 Notes Receivables
8.5 Corresponding FRS

Topic 9: Inventories Valuation: A Cost Basic

Approach
9.1 Classification And Control
3 1 3 1 1 1 10
9.2 Cost Flow Assumption
9.3 Inventory Valuation And Analysis
9.4 Corresponding FRS

Topic 10: Inventories: Additional Valuation

Issues
10.1 Lower Of Cost Or Market
10.2 Valuation Basis 3 1 3 1 0 1 9
10.3 The Gross Profit Method Of Estimating
Inventory
10.4 Retail Inventory Method

Topic 11: Acquisition and Diposition Of

Property Plant, and Equipment
11.1 Acquisition Concept And Cost
6 2 6 0 0 1 9
11.2 Valuation And Accounting Treatment
11.3 Costs Subsequent To Acquisition
11.4 Corresponding FRS

Topic 12 : Depreciation, Impairments and

Depletion
12.1 Depreciation 6 2 6 0 0 1 9
12.2 Impairments
12.3 Depletion

Topic 13: Intangible Assets

13.1 Intangible Assets Issues
13.2 Types: Specifically Identifiable Intangibles
6 2 6 0 0 1 9
13.3 Goodwill
13.4 Reseach And Development
13.5 Cerresponding FRS

Total hours 54 18 54 2 13 141

Part C_Area 2_4

Kolej Negeri Chedang Campus: [Diploma ]

19 Main Keiso D.E Weygrant, T.D (2008), Intermediate Acounting (12th edition updated) john Wiley &
Reference (s) Sons, NY

20 Additional Weygrant, J.J, Keiso D.E, kimmel, P.D (2008), Acounting Principles, (8th edition), john Wiley Sons
Reference (s) Inc, NY.

Hashanah, Perakaunan Kewangan dan [elaporan, Kuala Lumpur, McGraw Hill.

Lembaga Piawaian Perakaunan Malaysia; MASB Standards.

21 Other Students have 14weeks

additional
information Every weeks 10 hours * 14 = 140 hours

Part C_Area 2_5