TEACHING PLAN

Semester November 2021

Cohort 32134

Course Code PAS 2163

Course Name Financial Accounting and Reporting 3

Credit Hours 3

Contact Hours 3

Pre-requisite Financial Accounting and Reporting 2 (PAS1263)

Main References Mary Margaret Francis, Noraini Mohd Nasir, Ooi Chee Keong,
Mohamad Hafiz Rosli, Roshayani Arshad, Wong Teck Keong,
Mara Ridhuan Che Abdul Rahman, Hafiz-Majdi Ab Rashid, (2018),
Financial Accounting and Reporting 3, Oxford Fajar Sdn Bhd,
Malaysia

Akmalia Mohamad Ariff, Ervina Alfan, Mazni Abdullah, Noor

Sharoja Sapiei,Sherliza Puat Nelson,Mohamad Hafiz Rosli, (2019),
Financial Accounting and Reporting 2, Oxford Fajar Sdn Bhd,
Malaysia

Additional Referenes 1. N. Mohd Nasir et al. (2011). Principles and Application of

Financial Reporting Standards, Mc Graww Hill.

2. L.T. Tan (2010). Consolidated Financial Statements. 5th

edition, PAAC Sdn Bhd.

3. J. Lazar (2015), Company and Group Financial Reporting,

Revised 8th Edition, Prentice Hall, Malaysia.

Synopsis 1. Introduces comprehensive case studies to discuss issues related to

plant property and equipment, intangibles, investment properties,
agriculture-biological assets, financial assets and liabilities in more
specialized industry setting;
2. Introduces the concept of control and preparation of group
accounts for a simple group;
3. Introduces deferred taxes and distinguish and compare with
treatment of financial assets and liabilities.

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Teaching Methods LECTURES, TUTORIAL & DISCUSSION

Lecturer’s Name Zaitun binti Abd Malek

Room B-1-2B-7
Phone No 0132093707
E-mail zaitun@unisel.edu.my

Lecture Session G1
Day Thursday (8am-11am)
Venue C-2-3B (BK19)
Course Learning 1) Students will be able to measure an appropriate for PPE,
Outcome (CLO) intangibles, investment properties, agriculture-biological assets,
financial assets and liabilities in different industries, shariah-
approved products including deferred tax .(C1,PLO2)
2) Students will be able to prepare consolidated financial statements
for a simple group structure(C3A, PLO2)
3) Students will be able to perform group financial statement
analysis, interpret the financial ratios and explain current
developments at IASB and MASB (C5,PLO3)
Important Date Course works (50%)
(Midterm, Quiz, Test 1– 15% (Week 10; CLO2)
Assignment, Project) Test 2 – 15% (Week 14; CLO3)
Quizzes:
Q1 (5%) – Week 4
Q2 (5%) – Week 7

Assignments: Deadlines
A1 (10%) - Week 12

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Teaching Plan

Week/ References / Teaching

Topic (Lectures, Lab, Tutorial)
Date Materials
Property, Plant and Equipment Case study
1
- Comprehensive case study using specialized
industries
Impairment
- Comprehensive case study using specialized
industries Chapter 10- FAR2
2-3 - Property, Plant and Equipment
- Investment property
- Intangibles Assets
- Financial Assets
- Financial Liabilities
Fair Value Measurement
- Comprehensive case study using specialized
industries FAR 2
- Property, Plant and Equipment
4-5
- Investment property
- Intangibles Assets
- Financial Assets
- Financial Liabilities

Group Accounts Chapter 9 – FAR 2

- Business Combination (Amalgamation /Absorption Chapter 14 – FAR3
Acquisition)
- Basic Consolidation
6-8
- Concept of control
- Concept of reporting entity
- Inter-company transactions
- Fair value adjustments

9 Deferred Taxes Chapter 8 – FAR2

Presentation and Disclosure

- Definition
- Initial Recognition FAR 3
10-11
- Initial Measurement
- Subsequent Measurement
- De-recognition
- Disclosure
12-13 Advanced financial statement analysis Chapter 6

14 Deferred taxes and financial assets and liabilities: an FAR 2

evaluation

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