ACC2014 Financial Accounting: Course Introduction

Lecturer: Dr Ho Wai Kee

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ACC2014 Financial Accounting April 2023

AGENDA

01 Lecturer and Tutor

02 E-Learn

03 Subject Information

04 Expectations

05 Subject Outline

06 Subject Objective

07 Subject Learning Outcomes

08 Assessments

These teaching materials are protected under the Copyright Act 1987. Duplication, in any form, including digitally,
is prohibited by law and a punishable offence. ©2021
These teaching materials are protected under the Copyright Act 1987. Duplication, in any form, including digitally,
Our Vision: To be a World Class University
is prohibited by law and a punishable offence. ©2021
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ACC2014 Financial Accounting April 2023

Lecturer & Tutor

Lecturer &Tutor Dr Ho Wai Kee
Email waikeeh@sunway.edu.my
Room AE 8-18, Level 8, NUB
Extension 7297
Consultation Monday (11:00 am-1:00 pm)
Friday (10:00 am-12:00 pm)
(By appointment only)
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ACC2014 Financial Accounting April 2023

E-Learn
• All materials will be uploaded on E-learn
including important announcements.
• Make sure that you check your E-learn
frequently.
• Use imail to send and messages to your lecturer
or tutors.

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These teaching materials are protected under the Copyright Act 1987. Duplication, in any form, including digitally,
is prohibited by law and a punishable offence. ©2021 Our Vision: To be a World Class University
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ACC2014 Financial Accounting April 2023

Subject Information
• Lecture: Monday (8:00am – 10:00am)
• 2-hour lecture (Online)

• Workshop: Tuesday ( 1:00pm-2:00pm)

• 1-hour workshop in Auditorium 7 (Face-To-Face)

• Tutorials: 8 tutorial groups

• 1-hour tutorial in small groups in HLC 1(Face-To-
Face)

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ACC2014 Financial Accounting April 2023

Prescribed Textbook

Main
Main Main
Texbook
Textbook Textbook

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is prohibited by law and a punishable offence. ©2021 Our Vision: To be a World Class University
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ACC2014 Financial Accounting April 2023

Prescribed Textbook

Additional Additional
Reading Reading

(Find E-Textbooks from Vital Source Database using this link: https://www.youtube.com/watch?v=HS-
LyGROIgY&list=PLmCwZUDw_f9-m6XuflmgVi_-YFUPCYaVT&index=3. )

These teaching materials are protected under the Copyright Act 1987. Duplication, in any form, including digitally,
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ACC2014 Financial Accounting April 2023

What Are Your Expectations From ACC2014

Financial Accounting?

2621589
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https://app.sli.do/event/aARS5nF87UiiE71LzDfvop

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ACC2014 Financial Accounting April 2023

Financial Accounting

VS

Year 1 Year 2

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is prohibited by law and a punishable offence. ©2021 Our Vision: To be a World Class University
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ACC2014 Financial Accounting April 2023

Subject Outline
Week 1 – 6 : Elements of Financial
Statements: Assets
Week 1-2: Conceptual and
Regulatory Framework - PPE (IAS16/ MFRS116)
- Financial Reporting & IFRSs - Investment Property (IAS 40/MFRS140)
- Conceptual Framework & - Intangible Assets (IAS 38/MFRS138)
Financial Reporting - Borrowing Costs (IAS 23/MFRS123)

Week 7: Elements of Financial

Week 9: Elements of Financial
Statements: Liability
Statements: Income
- Provisions and Contingencies (IAS
- Revenue from Contracts with
37/MFRS137)
Customers (IFRS15/MFRS15)

Week 10 – 11: Presentation of Financial Statements and

Related Topics
- Events After Reporting Date (IAS 10/MFRS110) Week 12: Related party Disclosures
- Statement of Financial Position (IAS 1/MFRS101) (IAS 24/ MFRS 124) & Share-Based
- Statement of Profit or Loss and Other Comprehensive Payment (IFRS 2/ MFRS 2)
Income (IAS 1/MFRS101) Week 13 – 14: Mock Exam & Revision
- Statement of Changes in Equity (IAS 1/MFRS101)
- Statement of Cash Flows (IAS 7/MFRS107)

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ACC2014 Financial Accounting April 2023

Subject Objective

•Enable students to prepare a complete set of financial

statements for business entities (companies limited by shares)
in conformity with International Financial Reporting Standards
(IFRS).

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is prohibited by law and a punishable offence. ©2021 Our Vision: To be a World Class University
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ACC2014 Financial Accounting April 2023

Subject Learning Outcomes

•SLO1 - Analyse the principles of the conceptual

framework for the preparation and presentation of
financial statements of corporations;
•SLO2 - Prepare published financial statements of
companies in accordance with the requirements of
international accounting standards and other relevant
regulations;
•SLO3 - Use the principles of the conceptual framework
and international accounting standards in resolving
accounting and financial reporting problems.

These teaching materials are protected under the Copyright Act 1987. Duplication, in any form, including digitally,
is prohibited by law and a punishable offence. ©2021 Our Vision: To be a World Class University
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ACC2014 Financial Accounting April 2023

Assessments

No Method Total

1 Coursework 20%
Online Mid-Term Exam *E-Learn (week 6)
(Monday)(29 May 2023)(8:00am-9:10am)
Group Assignment *E-Learn - (week 7) (9 Jun 2023) 30%
(Friday) (5:00pm)
2 Final Examination 50%
Total 100%

These teaching materials are protected under the Copyright Act 1987. Duplication, in any form, including digitally,
is prohibited by law and a punishable offence. ©2021 Our Vision: To be a World Class University
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ACC2014 Financial Accounting April 2023

Passing Mark

Intake Pass Fail

Before April 2022 Coursework + Final Exam Coursework + Final
= 40% and above Exam < 40%
April 2022 on Coursework = 40% and Coursework < 40%
wards above Final Exam < 40%
Final Exam = 40% and
above

These teaching materials are protected under the Copyright Act 1987. Duplication, in any form, including digitally,
is prohibited by law and a punishable offence. ©2021 Our Vision: To be a World Class University
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ACC2014 Financial Accounting April 2023

Past Semesters’ Performance

A B C D F
Aug 2022 12.81% 37.95% 24.61% 7.69% 16.92%
Apr 2022 12.5% 36.5% 28.0% 13.0% 10.0%
Aug 2021 23.3% 37.6% 20.1% 10.0% 9.0%
Apr 2021 3.2% 43.5% 32.2% 15.3% 5.8%
Aug 2020 15.2% 59.5.% 18.9% 5.0% 1.4%
Apr 2020 PASS (99.3%) 0.70%
Aug 2019 6.6% 20.7% 28.8% 31.3% 12.6%
Year 2 Year 3
ACC2014 Financial Accounting ACC3014 Corporate Reporting
Pre- Requisite
ACC3054 Advanced Financial Accounting

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is prohibited by law and a punishable offence. ©2021 Our Vision: To be a World Class University
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ACC2014 Financial Accounting April 2023

4 Groups of Students
Group 1: Completed Year 1 of BAF, entering into
Year 2
Group 2: Non-BAF students i.e. BFA
Group 3: Direct entry into BAF Year 2 (transfer
from other colleges, diploma students, etc)
Group 4: Repeating students (3-strike rule)

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is prohibited by law and a punishable offence. ©2021 Our Vision: To be a World Class University
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ACC2014 Financial Accounting April 2023

Peer Assisted Learning Programme

• PALP
• Target students: –
• Average marks below 60 marks;
• Repeat students;
• New students transferred from other
universities/colleges/diplomas;
• Non-BAF students

93% and 88% of students in PALP managed to pass this

subject in August 2022 and April 2022 respectively.

These teaching materials are protected under the Copyright Act 1987. Duplication, in any form, including digitally,
is prohibited by law and a punishable offence. ©2021 Our Vision: To be a World Class University
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ACC2014 Financial Accounting April 2023

Questions About ACC2014 Financial Accounting?

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THANK YOU Contact: waikeeh@sunway.edu.my

These teaching materials are protected under the Copyright Act 1987. Duplication, in any form, including digitally,
is prohibited by law and a punishable offence. ©2021 Our Vision: To be a World Class University
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