LESSON PLAN

COURSE/CODE
: Introduction to Financial Accounting and Reporting/ACC
106
CREDIT HOUR
:3
CONTACT HOUR : 4
LECTURERS NAME
: Nurul Asyikin binti Abdul Ghani
Email :
asyikin_ktd@yahoo.com
Weeks
1

3-4

Topics
INTRODUCTION TO
ACCOUNTING
Definition, history and
development of
accounting.
Functions, objectives
and uses of financial
statements.
Types and various forms
of business (sole trader,
partnership and
company)
Differences between
bookkeeping and
accounting.
INTRODUCTION TO
ACCOUNTING CONCEPTS
AND CONVENTIONS
Going Concern
Historical Cost
Entity
Money measurement
Materiality
Prudence
Matching
Consistency
Duality
Accrual
ACCOUNTING EQUATION
AND CLASSIFICATION
Statement of financial
position
Accounting Equation

References

5
6-7

7-8

9-11

12-13

Effects of transactions
on the accounting
equation

Mid term break

PRINCIPLES OF DOUBLE
ENTRY AND TRIAL BALANCE
Double entry rules
Expanded accounting
equation
Ledger entries
Balancing off ledger
account
Trial balance (pre
adjusted)
BOOKS OF PRIME ENTRY
Introduction to source
documents
Types of journal
Types of ledgers
Recording process
BALANCE DAY
ADJUSTMENTS AND
PREPARATION OF FINAL
ACCOUNTS
Matching concept
Adjustments of accruals
and prepayments
Bad debts
Allowance for doubtful
debts
Capital expenditure and
revenue expenditure
Depreciation of non
current assets
Preparation of final
accounts
FINANCIAL STATEMENT
ANALYSIS
Objectives of financial
statement
Types of analysis
Preparation and

14

interpretation
Limitation of ratio
analysis

BANK RECONCILIATION
STATEMENT
Use of banking facilities
for safe keeping of cash
(bank account)
Update cash book
Reconciliation

Text Book : Leong, A&Wong S.V., Business accounting. 3rd Edition, Prentice
Hall

Assessments:
Test 1
Test 2
Simulation package
Quiz
Final Examination

10%
10%
5%
5%
30%
70%
100%