Course Coordinator: Cheung Pat Yan, BBA (Hons), MBRM (HKMU); MAcc (CUHK); CPA (Aust.); ACMA (CIMA); CGMA (CIMA)
Course Developer: Dr Kevin Li, HKMU
You are advised to have already studied ACT B211 and ACT B212 (or ACT B210).
The course aims to provide learners with an intermediate-level knowledge of the accounting theories of, and the conceptual and regulatory framework underlying financial reporting. The course discusses the financial reporting requirements for non-current assets, inventories, borrowing costs, revenue and government grants.
The course covers the following topics:
- The conceptual and regulatory framework of financial accounting
- Tangible non-current assets and investment properties
- Intangible assets, purchased and non-purchased goodwill and borrowing costs
- Government grants and impairment of assets
- Inventories and revenue from contracts with customers
There will be four three-hour tutorials.
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).
Students will need access to a personal computer with an Internet connection.
A custom textbook will be provided.