Acc202
Faculty of Business, Economics & Accounting Department of Business Studies HELP Bachelor of Business (Hons) Year 2 & Year 3
INTERNAL SUBJECT DETAILS Semester 1, 2013
Subject: ACC 202 Financial Reporting
Subject Lecturer/Tutor: Mr Lye Kok Keong Telephone: 03-20958791 Fax: 03-20957063 Room: 22, KPD Block B, Level 4 Email: lyekk@help.edu.my
Consultation:
Please call or email for appointment
1
PRE-REQUISITE(S) ACC101 ACC203 FINANCIAL ACCOUNTING 1 FINANCIAL ACCOUNTING 2
SYNOPSIS ACC202 Financial Reporting builds on the knowledge acquired from ACC101 Financial Accounting 1 and ACC203 Financial Accounting 2. This subject requires students to consider the role of accounting in conveying an organisation’s economic and social performance. Students will be introduced to the regulatory environment for reporting entities and an overview of the conceptual framework for financial accounting prescribed by the International Accounting Standards Board and the Malaysian Accounting Standards Board. It aims to develop an awareness of conceptual issues underlying current financial reporting issues. These conceptual issues are implemented in the later topics of this subject as students study specific accounting standards that involve measurement, recognition and disclosure are applied to elements of financial statements. Students will learn to account for intangible assets such as research and development expenditure and natural resources; financial instruments; leases and hire purchase agreements; construction contracts; extractive industries; off balance sheet liabilities; employee benefits; segment reporting; and contingent and post balance sheet events. Students will be required to understand the mechanics of applying the standards, the consistency of particular standards in relation to the reporting/measurement requirements embodied within other standards and the conceptual framework. On completing this subject students should be knowledgeable of a large
INTERNAL SUBJECT DETAILS Semester 1, 2013
Subject: ACC 202 Financial Reporting
Subject Lecturer/Tutor: Mr Lye Kok Keong Telephone: 03-20958791 Fax: 03-20957063 Room: 22, KPD Block B, Level 4 Email: lyekk@help.edu.my
Consultation:
Please call or email for appointment
1
PRE-REQUISITE(S) ACC101 ACC203 FINANCIAL ACCOUNTING 1 FINANCIAL ACCOUNTING 2
SYNOPSIS ACC202 Financial Reporting builds on the knowledge acquired from ACC101 Financial Accounting 1 and ACC203 Financial Accounting 2. This subject requires students to consider the role of accounting in conveying an organisation’s economic and social performance. Students will be introduced to the regulatory environment for reporting entities and an overview of the conceptual framework for financial accounting prescribed by the International Accounting Standards Board and the Malaysian Accounting Standards Board. It aims to develop an awareness of conceptual issues underlying current financial reporting issues. These conceptual issues are implemented in the later topics of this subject as students study specific accounting standards that involve measurement, recognition and disclosure are applied to elements of financial statements. Students will learn to account for intangible assets such as research and development expenditure and natural resources; financial instruments; leases and hire purchase agreements; construction contracts; extractive industries; off balance sheet liabilities; employee benefits; segment reporting; and contingent and post balance sheet events. Students will be required to understand the mechanics of applying the standards, the consistency of particular standards in relation to the reporting/measurement requirements embodied within other standards and the conceptual framework. On completing this subject students should be knowledgeable of a large