FINANCIAL ACCOUNTING I (4 SCU)

Learning Outcomes:

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 by covering conceptual framework for financial reporting, accounting information systems, financial statements and the related issues, special issues of current assets, property, plant and equipments acquisition, depreciation, and revaluation.

Prerequisite: Introduction to Accounting II