CB2100Introduction to Financial Accounting

What you will study

Course overview

This course aims to: 1. provide students with technical knowledge in processing, preparing and reporting accounting information in accordance with IFRS (International Financial Reporting Standards) for external users in a modern economy; 2. provide students general knowledge about internal control procedures and financial ratios; 3. encourage students to be responsible and active learners.

Official PDF, page 2 · Abstract

Course content

Domain of accounting. Objectives of accounting. Introduction to the conceptual framework of accounting. Fundamentals of the financial accounting process. Management, control, and accounting for assets. Management, control and accounting for liabilities. Management, control and accounting for capital. Management, control and accounting for revenues and expenses. Accounting for limited companies. Interpretation of accounting information.

Official PDF, page 6 · Keyword Syllabus

Intended learning outcomes

View official learning outcomes and conditions

CILOs                                                  Weighting (if DEC-A1      DEC-A2          DEC-A3
                                                                      app.)
1               Record accounting transactions related to Cash,                                 x
                Receivables, Inventories, Fixed Assets, Payables,
                Shareholders’ equity, Revenues, Costs of
                merchandise sold, and Expenses;
                Prepare financial statements (balance sheets,
                statements of shareholders’ equity, statements
                of retained earnings, and income statements)
                for servicing and merchandising companies.
2               Identify and explain fundamental IFRS                                           x
                (International Financial Reporting Standards);
                Select and apply the appropriate IFRS to support
                accounting treatments in preparing financial
                reports.
3               Identify internal control procedures over                                       x
                Cash; Demonstrate and apply ethical concepts
                in selected reporting and internal control
                situations;
                Calculate and interpret fundamental financial
                ratios based on information collected from
                balance sheets and income statements.
4               Be a responsible learner: attend classes and                       x
                submit assignments on time and be prepared,
                attentive in classes; follow teaching schedule
                closely;
                Be an active learner: actively participate to class
                activities; self-motivated.

Official PDF, page 2 · Course Intended Learning Outcomes (CILOs)

Before you take this course

Check prerequisites, precursors and corequisites separately, together with equivalence and exclusion conditions. “and” means conditions must be met together; “or” marks alternatives. Read combined conditions in the groupings shown in the original text below.

Prerequisites

Nil

Official PDF, page 1 · Prerequisites

Precursors

Nil

Official PDF, page 1 · Precursors

Corequisites

This edition of the official syllabus does not state this item.

Additional course requirements

This edition of the official syllabus does not state this item.

Equivalent courses and conditions

CB2100/FB2100 Accounting I; or GE1222 Contemporary Accounting

Official PDF, page 1 · Equivalent Courses

Exclusive courses and conditions

AC2102 Behind the Accounting Numbers; or FB2103 Introduction to Financial Accounting

Official PDF, page 1 · Exclusive Courses

Assessment and passing the course

Assessment

Continuous Assessment (%): 50; Examination (%): 50; Examination Duration (Hours): 3

View the original assessment table and instructions

ATs                   CILO No.             Weighting (%)        Remarks ("-" for   Allow Use of
                                                                                      nil entry)         GenAI?
1                     In-Class Activities: 1, 2, 4               5                    -                  No
                      Students need to
                      participate actively
                      in class activities
                      such as class
                      discussion and
                      exercises designed
                      to facilitate their
                      understanding of
                      knowledge taught
                      in class.
2                     Online               1, 2, 3, 4            10                   -                  No
                      assignments:
                      The use of online
                      interactive learning
                      tools:
                      Students are
                      required to use
                      online interactive
                      learning tools
                      to gain deeper
                      understanding of
                      the various topics.

3                       Mid-term test or    1, 2, 3           25                   -                    No
                        quizzes:
                        Students are
                        required to take an
                        interim assessment
                        (mid-term test)
                        or multiple
                        assessments in a
                        continuous basis
                        (quizzes) of the
                        topics taught.
4                       Case analysis*:    3, 4               10                   -                    No
                        Students need
                        to search and
                        evaluate the
                        financial, business
                        and market
                        information of a
                        listed company in
                        its annual report
                        and/ or from other
                        provided materials
                        for a quantitative
                        and qualitative
                        analysis.

Official PDF, page 4 · Continuous Assessment (%),Examination (%),Examination Duration (Hours)

Passing requirements

*DEC element Final examination [Closed-book examination] : Students will be assessed in the final examination of their understanding of concepts learned in class and to apply these concepts in this assessment. Students are required to pass both coursework and examination components to guarantee to pass the course. Failing either component may lead to failure in the course.

Official PDF, page 4 · Additional Information for ATs