Financial Accounting I

Learning Outcomes

Upon successful completion of this course, students are expected to be able to: explain the basic principles, concepts, and standard of financial accounting; prepare financial reports according to the appropriate standard; identify, analyze, and compare financial reports in different types of business activities; apply appropriate accounting standards and procedures on certain financial accounting issues; communicate financial accounting issues effectively.

Topics

This course offers an intermediate level of financial accounting. Students learn how to apply the International Financial Reporting Standard (IFRS) in accounting matters. IFRS will be adopted by many countries including Indonesia. Learning IFRS based accounting will increase the global employability of accounting students. The material covered in the course include: IFRS accounting framework, Accounting policies, estimates and errors, cash management and control, inventories, property plant and equipment, and shareholders’ equity. This course will use an IFRS based textbook.

Prerequisite : AC113 – Introduction to Accounting I