FINANCIAL ACCOUNTING I (4 Credits)

Learning Outcomes:

On successful completion of this course, students will be able to: prepare the financial reporting based on the accounting standards; apply the time value of money concept on the accounting cases and transactions; apply the methods of recognition, measurement, and presentation of assets that consist of cash and receivables, inventories, property, plant and equipment, and intangible assets based on International Finance; apply the methods of recognition, measurement, and presentation of liabilities both current and noncurrent based on International Financial Reporting Standards (IFRS) and Standar Akuntansi Keuangan (SAK).

Topics:

1. Accounting and the Time Value of Money
2. Acquisition and Disposition of Property, Plant, and Equipment
3. Cash and Receivables
4. Conceptual Framework for Financial Reporting
5. Current Liabilities, Provisions, and Contingencies
6. Depreciation, Impairments, and Depletion
7. Financial Reporting and Accounting Standards
8. Income Statement and Related Information
9. Intangible Assets
10. Inventories: Additional Valuation Issues
11. Non-Current Liabilities
12. Statement of Financial Position and Statement of Cash Flows
13. The Accounting Information System
14. Valuation of Inventories: A Cost-Basis Approach
15. Audit Reports for Financial Statement Audits
16. Auditing Cash, Marketable Securities, and Complex Financial Instruments
17. Auditing Debt, Equity, and Long-Term Liabilities Requiring Management Estimates
18. Auditing Inventory, Goods and Services, and Accounts Payable: The Acquisition and Payment Cycle
19. Auditing Long-Lived Assets and Merger and Acquisition Activity
20. Auditing the Revenue Cycle
21. Completing a Quality Audit