AF3110 1415 Sem 1 Final Examination Notice

Dear Students This is a gentle reminder about the Final Examination of AF3110 Intermediate Accounting 1.
Details of the Final Examination are as follows:
‐ Date: 8 December 2014 (Monday)
‐ Time: 7 pm – 10 pm (3 hours)
‐ Venue:
SH2, Sports Hall 2, Kwong On Jubilee Sports Centre (Communal Building)
‐ Scope: All Lessons
‐ Format:
Closed book examination
‐ Question type: Essay (31.5%), Computational (25%) and Journal Entries (43.5%) Additional Instructions:
 You are reminded to study all teaching materials, including notes, related chapters of textbook and tutorial questions.
 You should bring along your Student ID Card, HK ID Card, pen, ruler, etc. Pencil is not allowed to write answers in test/examination.
 You should bring along a silent, non‐programmable, battery operated calculator to the test venue.
You may consider to bring an additional calculator for contingency.
 Mobile phone cannot be used as a substitute of calculator.
 You may be disqualified if you use other digital devices during the test.
 You may be disqualified if you bring any materials and digital devices together to toilet.
 You MUST use “$” as level of precision (unit).
 Marks will be deducted if you do not follow the above instructions. The final examination consists of FIVE questions. The topics and types covered are listed as below: Question 1 (15 marks)
 Accounting Policies, Changes in Accounting Estimates and Errors (Computation + Essay)
 Event after reporting period (Computation + Essay)
Question 2 (10 marks)
 Conceptual Frameworks (Essay)
 Revenue recognition of Construction Contract (Essay)
Question 3 (25 marks)
 PPE (Journal entries)
 Investment property (Journal entries)
 Intangible assets (Essay)
Question 4 (22 marks)
 Impairment (Computation)
 Borrowing cost (Computation + Essay)
 Inventory (Journal entries + Essay)
Question 5 (28 marks)
 Financial Assets (Journal entries)
 Impairment (Journal