FAKULTI PERAKAUNAN

UNIVERSITI TEKNOLOGI MARA

40450, SHAH ALAM

Semester: SEPT 2018

COURSE: INTERMEDIATE FINANCIAL ACCOUNTING AND REPORTING

CODE: ACC406
LECTURE: 2 HOURS/WEEK
TUTORIAL: 1 HOURS/WEEK
LECTURER: PN ZALILAWATI BINTI YAACOB
CONTACT NO: 019 322 2324

COURSE LEARNING OUTCOMES

CLO1 Apply basic accounting knowledge in order to complete accounting cycles which include
classifying, journalizing, posting to ledgers and preparation of financial statement of
sole proprietorship and partnership. (C3)
CLO2 Demonstrate teamwork through acquisition of accounting information in the preparation
of financial statements of sole proprietorship or partnership. (A3)
CLO3 Organize accounting information required for recording process in the preparation of
financial statement of sole proprietorship or partnership. (A4)

PROGRAM LEARNING OUTCOMES

PLO1 Apply knowledge and understanding on financial and non-financial information to aid
management in making economic decisions.
PLO5 Adhere social skills and responsibilities towards the sodiety and work efficiently in
teams
PLO7 Information management and lifelong learning skills

CLO-PLO MATRIX

PLO1 PLO5 PLO7

CLO1 

CLO2 

CLO3 

Lesson plan/ACC 406/ Page 1

PLAN STRUCTURE

Course Name : Intermediate Financial Accounting and Reporting

Course Code : ACC406
Credit Hours : 3

Week Date Topics Hours Levels Ref

1 3 Sept – 7 Sept Ice Breaking & Briefing Session
 Class rep: Name/Hp. No.
 Scheme of work
 Continuous Assessment:
i) Final Project
ii) Group Project
iii) Test
iv) Final Exam
 Notes

1 3 Sept – 7 Sept Introduction to Accounting 3 1,2

 Definition of accounting
 Differentiate between accounting and
bookkeeping
 Functions of financial statements
 Main user groups of financial statements
 Accounting cycle
 Various forms of business (sole trader of
merchandising and service enterprise,
partnership and private & public
companies)

2 10 Sept – 14 Sept Introduction to Concepts and 3 1,2,3

Conventions of Accounting
 Business Entity Concept
 Going Concern Concept
 Monetary/Money Measurement Concept
 Accrual-based Accounting
 Comparability Concept
 Consistency Concept
 Neutrality Concept
 Materiality Concept

3 17 Sept – 21 Sept Accounting Equation and 6 1,2,3

4 24 Sept – 28 Sept Accounting Classification
 Statement of financial position format and
the classification of items in it
 Basic accounting equation
 Effects of transactions on the basic
accounting equation
 Expanded accounting equation
 Effects of transactions on the expanded
accounting equation

# STUDENTS CAN START THE GROUP

PROJECT (FIELD TRIP)

5 1 Oct – 5 Oct Principles of Double Entry and Trial 6 1,2,3

Lesson plan/ACC 406/ Page 2

 6 8 Oct – 12 Oct Balance
 Double entry rules
 Ledger entries
 Balancing of ledger accounts
 Trial Balance (pre-adjusted only)
 Final accounts without adjustment

7 15 Oct – 19 Oct Books of Prime Entry 3 1,2,3

 Introduction to source documents
 Types of journal
- Sales journal
- Purchases journal
- Return inwards journal
- Return outwards journal
- Cash Receipts Journal
- Cash Payments journal
- General journal
 Types of ledger
- Sales ledger
- Purchases ledger
- General ledger
 Recording process from source
documents to journals and posting to
ledger
 Preparation of Trial Balance

# STUDENTS CAN START WITH FINAL

PROJECTS – ACCOUNTING SIMULATION

ACCOUNTING SIMULATION PROJECT (GROUP)

Date:
Time:
Venue: To be confirm

8 22 Oct – 26 Oct Balance Day Adjustment and Preparation 12 1,2,3

9 29 Oct – 2 Nov of Final Accounts
10 12 Nov – 16 Nov  Adjustments of accrual and prepayments
19 Nov – 23 Nov  Bad debts and bad debts recovered
 Doubtful debts and Allowance for
doubtful debts
 Capital Expenditure and Revenue
Expenditure
 Depreciation of non-current assets based
on MFRS 116
 Preparation of final accounts with
adjustments using vertical format

11 26 Nov – 30 Nov Accounting for Partnership 6 1,2,3

12 3 Dec – 7 Dec  Definition of partnership
 Formation and types of partners
 Introduction to partnership accounts
 Formation of partnership

Lesson plan/ACC 406/ Page 3

  Characteristics of partnership
 Partner’s capital and current accounts
 Preparation of final accounts: Statement
of Comprehensive Income, Appropriation
Account and Statement of Financial
Position
 Simple changes in partnership

13 10 Dec – 14 Dec Revision

 Submission of Final Project
 Submission of Group Project
14 17 Dec – 25 Dec Revision

Final Examination
26 Dis 2018 – 20 Jan 2019

Assessment:

1) Continuous Assessment
 Test 15%
 Final Project 15%
 Group Project 20% 50%

2) Final Examination 50%

Total 100%

References:

 Amla A, Fatimah A.R and Radziah M, Financial Accounting for Non-Accounting Students,
Mc Graw Hill 2017 (5th edition).
 Roshayani Arshad et al, Financial Accounting, latest edition, ISBN: 9789833850921.
 Leong A & Wong S V, Business Accounting, 3rd edition, Prentice Hall, 2010.
 Wood F, Business Accounting, Volume 1, 10th Edition, Prentice Hall, 2005.

Lesson plan/ACC 406/ Page 4