COURSE : ACCOUNTING AND FINANCIAL INFORMATION

NAME (Maklumat Perakaunan dan Kewangan)

COURSE CODE : ACN3101

CREDIT : 3 (3+0)

TOTAL : 120
STUDENT
LEARNING
HOURS

PREREQUISITE : None

LEARNING : Students are able to:

OUTCOMES
1. explain accounting concepts in the preparation of financial
statements and the determination of costs. (C3)

2. prepare financial statements for sole proprietorships (CTPS)

3. use accounting information for planning, controlling and

decision making (A3, LL)

SYNOPSIS : Kursus ini merangkumi konsep asas perakaunan, penyediaan penyata kewangan
perniagaan milikan tunggal dan penggunaan maklumat perakaunan dalam
perniagaan..

(This course covers fundamental concepts of accounting, preparation of

financial statements of sole proprietorship and the use of accounting
information in business.)

COURSE : Face -to - Lecture

CONTENT Face Week
TOPICS Learning
Hours

LECTURE : 1. Accounting in business 3 W1

- Types of business activity
- Forms of business entity
- The role of accounting in business

2. Introduction 3 W2
- Accountant roles, professions and ethics
- Accounting standards and principles
- Accounting assumptions and conventions

3. Accounting process 6 W3 & W4

- Accounting cycles and accounting equations
- Business transactions and source documents
- Journal
- T-accounts and ledgers
- Trial balance

1
 4. Adjusting entries 6 W5 & W6
- Revenue adjustments
- Expenses adjustments
- Depreciation adjustments
- Doubtful debts adjustments
- Supplies adjustment
- Adjusted trial balance

5. Sole Proprietorship Financial Statements 6 W7 & W8

- Importance of financial statements
- Preparation of income statement
- Preparation of statement of financial position
- Financial statements according to the type of
businesses

6. Financial Statement Analysis 3 W9

- Profitability ratio analysis
- Liquidity ratio analysis
- Solvency ratio analysis

7. Cost Accounting 3 W10

- Direct and indirect costs
- Fixed, variable and mixed costs
- Manufacturing cost and period cost

8. Job Order Costing 3 W11

- Direct material costs
- Direct labour costs
- Overhead costs allocation

9. Process Costing: Weighted-average Method 3 W12

- Equivalent units
- Direct material costs
- Direct labour costs and overhead costs

10. Cost-volume-profit Analysis 3 W13

- Purpose and assumptions
- Breakeven point
- Determination of Target sales and profit

11. Budgeting 3 W14

- The purpose of budgeting
- Static and flexible budgets
- Performance reports
Total 42

ASSESSMENT : Course work 60%

Final Examination 40%

2
REFERENCES : 1. Carl S. Warren, William B. Tayler, Jefferson P.
Jones, Christine Jonick, Jennifer Schneider, 2024.
Accounting 29th Edition.
2. Tracie L. Miller-Nobles, Brenda L. Mattison, 2022. Hongren’s Financial
& Managerial Accounting The Financial Chapters. Seventh Edition.
3. John J. Wild, Ken W. Shaw, Barbara Chiappetta, Winston Kwok,
Sundar Venkatesh, 2013. Fundamental Accounting Principles. 20th
Edition.

ASSESSMENTS

1. COURSE WORK 60%

Assessment 1- QUIZ
Week 6 10%
Topic 1 and Topic 2
Individual – T/F, MCQ, Short essay
Assessment II - MID SEM TEST
Week 11 30%
Topic 3, 4, 5, 6
Accounting equation, process, analysis of financial
statements
Continuous Assessment (CA)
GROUP ASSIGNMENT 15%
Week 13
Individual
In Class Activities 5%
40%
2. FINAL EXAM
Topics 7, 8, 9, 10, 11

FINAL GRADE 100%