NANYANG TECHNOLOGICAL UNIVERSITY
NANYANG BUSINESS SCHOOL
AD1101/AD1102 FINANCIAL ACCOUNTING
Course Code
AD1101/AD1102
Course Title
Financial Accounting
Pre
-
requisites
Nil
No of
AUs
AD1101
-
4AU; AD1102
-
3AU
Contact Hours
3
-
hour seminar session x 12 sessions
Course Aims
This course aims to provide you with the necessary introductory accounting knowledge to understand how
to use financial statement information to make economic decisions from a user perspective such as investors
and creditors. In the process, you will learn
to prepare a basic set of financial statements in accordance with
the Singapore Financial Reporting Standards.
The course also examines the impact of various accounting choices on the financial statements and the
incentives that contracts based on
accounting numbers can create for different stakeholders. This will help
you understand why managers choose certain accounting methods and avoid others. This learning forms the
foundation for further studies in areas which require accounting knowledge.
Intended Learning Outcomes (ILO)
Upon successful completion of this course, you should be able to:
LO1. Explain the fundamental concept of accounting including the accounting equation, the
double entry system and accrual accounting.
LO2. Describe different elements of the financial statements i.e. income, expense, assets,
liabilities and equity.
LO3. Explain the importance of each element of the financial statement to an entity’s business.
LO4. Explain the importance of cash in an entity’s business operations.
LO5. Prepare a simple set of financial statements.
LO6. Describe the business implications of financial statement information.
LO7. Identify relevant business / accounting issues and recommend appropriate solutions to the
issues identified.
LO8. Communicate relevant financial information, both in writing and verbally, in an effective
and efficient manner.
Course Content
Introduction to Financial Accounting
Conceptual Framework
The Accounting Equation
Double Entry System
Accounting Information System
Accrual Accounting
Adjusting Entries
The Accounting Cycle
Preparation of Financial Statements
Revenue and other income
Valuation of Accounts Receivable
Inventories and Cost of Goods Sold
Property, Plant and Equipment (PPE)
Intangible Assets
