INTERNATIONAL ISLAMIC UNIVERSITY MALAYSIA
Economics & Management Sciences
Bachelor of Accounting (BACC)
Name of Course / Mode
Financial Accounting Fundamentals
Mdm. Putri Nor Suad binti Megat Mohd Nor
: A 322
Dr. Julia Mohd Said
: A 337
Dr. Salwa Hana Yussof
: A 310
Name (s) of Academic
staff / Instructor(s)
Dr. Maslina Ahmad
: A 336
Dr. Hawa Ahmad @ Abdul Mutalib
: A 305
Dr. Zamzulaila Zakaria
: A 342
: A 306
Rationale for the
This course is a foundation course for one of the key areas in inclusion of the course /
module in the programme
Semester and Year
Semester I, II & III
Proposed Start Date
Semester I 2013/14
Batch of Student to be
Semester I, II & III
Face to Face
Total Student Learning
Total Guided and Independent
Total Independent Learning 78
Credit Value / Hours
Pre-requisites (if any)
Co-requisites (if any)
The objectives of this course are to:
1. Introduce the conceptual framework, introducing assets,
liabilities, equity, income and expenses. The components of
financial statements; statement of financial position, profit or loss and other comprehensive income, statement of cash flow, and changes of equity statement (how they relate to each other). 2. Introduce presentation of financial statements and explain why the items are presented as such. Introduce financial statement analysis and relate its importance to investor.
3. Introduce simple items like cash, inventories, receivables, payables, provisions and contingent liabilities.
4. Integrate the importance of ethical reporting and the Islamic perspective.
Upon completion of this course, students should be able to:
1. Understand and apply accounting concepts in the preparation of financial statements.
2. Identify assets, liabilities, equity, income and expenses. 3. Apply the double entry rule in recording of business
4. Prepare bank reconciliation statement.
5. Prepare statement of profit or loss and other comprehensive income, statement of changes in equity, and statement of
financial position of companies.
6. Carry out basic financial statement analysis and interpret the financial ratios.
7. Discuss the importance of ethical reporting in the accounting profession, as well as the Islamic perspective.
The students are required to form groups, and short assignments are assigned throughout the semester to develop communication skills and team-work skills, as well as critical thinking ability.
Lectures, problem solving, tutorial
This is an introductory course to financial accounting, which introduces students to the environment of accounting and its profession. The course covers the nature of accounting and the accounting concepts that are relevant to the preparation and presentation of financial statements. This course also exposes the students the skills of analyzing and interpreting the financial statements.
Mode of Delivery
Lecture, discussion and in-class group work.
Assessment Methods &
In-class group work (3)
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