ACY3002 - Intermediate Accounting 2
Year of Study: | 3 |
Credit Units: | 3 |
Duration: | 45hours |
Prerequisites: | ACY3001 Intermediate Accounting 1 |
Module Description
This is the second module of a two-part sequence in “Intermediate Accounting 1 & 2”, which
aims to provide students with a solid understanding of financial accounting at an intermediate
level. It helps them develop an ability to perform professional tasks of financial reporting
competently without assistance in straightforward situations or applications. This module
intends to prepare students for further studies of Advanced Financial Accounting. Topics
include plant assets, intangible assets, liabilities, equity, revenue, and presentation and
disclosure in financial reporting.
aims to provide students with a solid understanding of financial accounting at an intermediate
level. It helps them develop an ability to perform professional tasks of financial reporting
competently without assistance in straightforward situations or applications. This module
intends to prepare students for further studies of Advanced Financial Accounting. Topics
include plant assets, intangible assets, liabilities, equity, revenue, and presentation and
disclosure in financial reporting.
Learning Outcomes
Upon completion of this module, students should be able to:
- identify ethical issues in financial reporting;
- account for plant assets and intangible assets;
- account for liabilities and income taxes; and
- account for shareholders’ equity and revenue.