Financial Accounting

Course Coordinator: To be announced

Advisory prerequisite(s)
You are advised to have already studied ACT B210, or ACT B211 and ACT B212.

Aims
This course aims to introduce learners to the basic conceptual and regulatory framework for financial accounting in Hong Kong. It explains the standard-setting process and conceptual framework underlying the financial reporting in Hong Kong. It also introduces appropriate financial accounting treatment for various types of business enterprises in Hong Kong.

Contents
The course covers the following topics:

• Conceptual framework of financial reporting
• Preparing financial statements
• Consolidated financial accounting
• Interpreting accounts
• Capital structure and profit distribution

Learning support
There will be four three-hour tutorials.

Assessment
There are two assignments and one examination. Students must use word processing software (such as Microsoft Word) to prepare the assignments, and submit the assignments via the Online Learning Environment (OLE).

Set book(s)
Elliott and Elliot (2022), Financial Accounting and Reporting, 20/E, Pearson.