This module emphasizes the application of international (IFRS) and local (PSAK) standards on concepts and procedures that have been discussed in the Principles of Accounting module and analyze accounting concepts and procedure in more complex business transactions. Upon completion of this module, students are expected to be able to apply accounting standards, practices and procedures to certain financial accounting issues according to IFRS and PSAK; analyze the consequences of applying accounting standards on company financial statements; prepare company financial statements involves more complex business transactions; analyze company financial statements in regards to various business transactions; communicate financial accounting issues effectively; and discuss the ethics in the environment of financial accounting.
This module introduces students to the application of accounting standards and procedures with specific issues. The topics covered in this module include the valuation, disposition and impairment of tangible and intangible asset elements, the valuation of liabilities elements, dilutive securities, investments, revenue recognition, pension, and leases. In each topic, students will also learn to identify ethic issues arisen and discuss the role of accounting professions in such issues.
Pre-requisite(s): Principles of Accounting
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