ACCOUNT

UNIVERSITI UTARA MALAYSIA
UUM COLLEGEOF BUSINESS
SCHOOL OF ACCOUNTANCY

COURSE CODE
:
BKAL1013

COURSE
:
BUSINESS ACCOUNTING

PRE-REQUISITE
:
NONE

1.0 COURSE SYNOPSIS

This course is designed specifically for students from non-accounting disciplines. It is divided into two sections, i.e. financial accounting and management accounting.

Students will be exposed to accounting concepts, principles and assumptions. They would be able to assess and apply the information provided by accountants in making decisions.

2.0 COURSE OBJECTIVES

Upon completion of the course, students are expected:

2.1 to understand on the basic accounting concepts; the accounting cycle andprocess; and
2.2 to understand the important and usefulness of accounting information in decisionmaking.

3.0 COURSE LEARNING OUTCOMES

At the end of this course, students should be able to know and understand:
3.1 the basic concepts of accounting;
3.2 the meaning, role and importance of accounting information;
3.3 the process of preparing financial statements; and
3.4 how the accounting information helps the management in making business decisions.

4.0 COURSE CONTENT

NO
TOPIC
REFERENCE

HOUR

1.

1.0 ACCOUNTING ENVIRONMENT
1.1 Definition of accounting.
1.2 Purposes of accounting, fields of accounting, accounting professional bodies, ethics and regulations
1.3 Types of business
1.4 Characteristics of qualitative accounting information
1.5 Users of accounting information

Topic 1
Rosli et. al

Topic 2
Norfaiezah et. al

1.5

2.

2.0 ACCOUNTING CONCEPT AND PRACTICE
2.1 Generally accepted accounting principles
Accounting assumptions
Accounting principles
Accounting constraints
2.2 Types of financial statement
Statement of Comprehensive Income
Statement of Changes in Equity
Statement of Financial Position
Statement of Cash Flows
2.3 Business transactions and the accounting

References: Malaysian Perspective 4E Edition (Special Adaptation from Accounting 22e by Warren, Reeves and Duchac, 2006), Cengage, Singapore. 3. Warren, C.S., Reeves, J.M & Fess, P.E. (2002). Accounting (20e), South-Western Thompson Learning, USA. 4. CheZuriana, Akilah, Noriah, Noor Azizi, MohdAzlan, (2001), PerakaunanPerniagaan, Penerbit UUM, Sintok. 5. Engku Ismail Engku Ali (2001), Perakaunan Perniagaan, Kuala Lumpur. Pearson-Prentice Hall. 2. Dyson, J.R., (2010), Accounting for Non-Accounting Students, Eight Edition, Financial Times, London. 3. Leong, A.F.C., and Wong, S.V. (2010) Business Accounting, Third Edition, Pearson Education, Kuala Lumpur. 4. Horngren, C.T., Harrison, Jr, W.T., and Oliver, M.S., (2012), Accounting, Ninth Edition, Pearson Education Limited, Essex.