INTERMEDIATE ACCOUNTING-I

Course Description

Students will develop advanced skills that build upon those acquired in Accounting I and Accounting II. Additional accounting skills such as asset valuation, mergers and acquisitions, revenue recognition will be covered. After analyzing these concepts, the course helps students to make a connection between accounting topics and international financial reporting standards. In success of completion of this course, all students will develop their knowledge and understanding on: the role of accounting as an information system, accounting process, the statement of financial position and financial disclosure, the income statement and statement of cash flow, cash and receivable, and inventory an additional issues.

INTERMEDIATE ACCOUNTING-I

Evaluation Tools (Active Term)

No evaluation items have been defined.

Course outcomes

1. 01 1. Assess and understand the Accounting Conceptual Framework and underlying principles of accounting applications and procedures.
2. 02 2. Examine the effects of transactions and events on an entity’s financial condition and demonstrate an understanding of International Financial Reporting Standards (IFRS).
3. 03 3. Employ professional judgment applying IFRS technical concepts to develop financial and related disclosures.

Course Syllabus

Reference Books & Course Materials

1. 01 1. Spiceland, Sepe, Nelson, Tan, Low & Low, Intermediate Accounting, IFRS Edition, McGraw Hill.
2. 02 2. Kieso, Weygandt, Warfield, Intermediate Accounting, Second IFRS Edition, Wiley.

Learning Outcomes

1. L01 1. Assess and understand the Accounting Conceptual Framework and underlying principles of accounting applications and procedures. SOLO 5
2. L02 2. Examine the effects of transactions and events on an entity’s financial condition and demonstrate an understanding of International Financial Reporting Standards (IFRS). SOLO 3
3. L03 3. Employ professional judgment applying IFRS technical concepts to develop financial statements and related disclosures. SOLO 5

Program Outcomes

1. P01 PO1: Engaged in insightful thinking leading to self-learning and lifelong learning.
2. P02 PO2: Established a general knowledge of economics sufficient to work independently through specific learned techniques generated via individual efforts and study.
3. P03 PO3: Reached the required knowledge and skills to understand social, economic and legal issues both within national, international and global contexts and apply theoretical knowledge of economics to practice.
4. P04 PO4: Adopted the ability to critically evaluate, analyze and interpret information gathered through the use of related statistical software programs to suggest creative solutions for economic problems and make relevant economic decisions.
5. P05 PO5: Been aware of gathering and analyzing data through the application of appropriate technological tools in an ethical and safe manner in order to generate economic decisions and policy suggestions.
6. P06 PO6: Been equipped with conceptual and analytical skills essential for team-working and collaborations for economic decision making for a variety of economic concepts in national and global environment.
7. P07 PO7: Endowed with both oral and written communication skills within the economic field to effectively study and work in an international environment
8. P08 PO8: Been able to transfer theoretical knowledge to real life economic environment: to generate policies for microeconomic and macroeconomic problems faced by individuals, firms and governments at national, international and global context.
9. P09 PO9: Developed an ability to apply economic analysis to everyday problems in real world through the development of ethical perspectives and social responsibilities at work and in personal life.

Po-Lo Matrix