FINANCIAL ACCOUNTING I (3 CREDITS)

Learning Outcomes:

On successful completion of this course, student will be able to: LO1 – prepare the financial reporting based on the accounting standards; LO2 – apply the time value of money concept on the accounting cases and transactions; LO3 – 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 Financial Reporting Standards (IFRS) and Standar Akuntansi Keuangan (SAK); LO4 – apply the methods of recognition, measurement, and presentation of liabilities both current and non-current based on International Financial Reporting Standards (IFRS) and Standar Akuntansi Keuangan (SAK).

Topics:

1. Financial Reporting & Accounting Standards;
2. Conceptual Framework for Financial Reporting;
3. The Accounting Information System;
4. Income Statement and Related Information;
5. Statement of Financial Position and Statement of Cash Flows;
6. Accounting and The Time Value of Money;
7. Cash and Receivables;
8. Valuation of Inventories: A Cost Basis Approach;
9. Inventories: Additional Valuation Issues;
10. Acquisition and Disposition of Property Plant and Equipment;
11. Depreciation, Impairments, and Depletion;
12. Intangible Asset;
13. Current Liabilities, Provisions, and Contingencies;
14. Non-Current Liabilities;
15. Income Statement and Related Information;
16. Statement of Financial Position and Statement of Cash Flows;
17. Valuation of Inventories: A Cost Basis Approach;
18. Depreciation, Impairments, and Depletion;
19. Current Liabilities, Provisions, and Contingencies;
20. Non-Current Liabilities.