Topics: Financial statements, Balance sheet, Management accounting Pages: 17 (1864 words) Published: December 4, 2013
School of Accounting & Finance
The Hong Kong Polytechnic University

AF2111 Accounting for Decision making
Semester 1 of 2013/2014 Academic Year

Meeting Time: Thursday, 19:30 - 21:20
Venue: DE401 (subject group S01) Instructor: Ms Sarah Cheng Mei Ling Office: M754, Li Ka Shing Building Tel. No.: (852) 2766-7027

E-mail: Consultation Hours.Monday   : 4:30pm - 6:30pm
Thursday  : 4:30pm - 6:30pm
Other time by appointment

Textbook and Reference Materials:

Kimmel, Weygandt and Kieso, 4th Edition Accounting, Tools for Business Decision Making, John Wiley & Sons, Inc.
Larson & Chiapetta, 2009, Fundamental Accounting Principles, McGraw-Hill Irwin.

Marshall, McManus & Viele, 2008, Accounting - What the Numbers Mean, McGraw-Hill Irwin.

Dyson, J. R. 2007. Accounting for Non-Accounting Students, Financial Times Prentice Hall.

The first book on the list, Accounting, Tools for Business Decision Making, is the textbook for this course. The topic outline, the end-of-chapter assignment grid, the quiz, the group project and group assignment refer to chapters in this book. Other reference materials will be added if necessary.

Useful Websites:
USA accounting standards (FASB): Hong Kong accounting standards (HKICPA): International accounting standards (IASB): (IAS Plus):


1.To orient students to what accounting is and why accounting matters. 2.To provide students with the framework to understand the accounting process in organizations. 3.To provide students with the tools to understand and interpret accounting information. 4.To stimulate students’ interests in accounting.

Topical Coverage:

Understanding Accounting
Why accounting matters
What is accounting
The building blocks
The recording process
The basics of adjusting entries
The accounting cycle
The financial statements
The accounting rules (GAAPs)
Internal control and corporate governance

Interpretation of Accounts
-The need for comparative analysis
-Tools of financial statement analysis
-Understanding the uses and limitations of the tools
-Gaining meaningful insights from the numbers

Managerial accounting concepts & techniques
-Understanding costs
-Costing techniques
-Tracking costs
-Cost of goods manufactured
-Cost-Volume-Profit Analysis
-Incremental Analysis
-Capital Budgeting
-Financial Management, Budgetary planning & control

Accounting is interesting
case study of the financial statements of a listed company

Teaching Approach:

A two-hour lecture will be conducted each week to initiate students into ideas, concepts and techniques of the topics, which is then reinforced by their participation in class discussion, quiz and self-reflection. These are designed to consolidate and develop students’ understanding and analytical ability through problem solving and working on relevant cases. Learning Outcomes:

In general, they are expected to be able to integrate with other courses in the programme to

1. understand accounting roles and functions; and be able to apply diverse conceptual and theoretical frameworks in analyzing and solving organizational problems;

2. synthesize accounting theories and practices as applicable to the planning, organizing, execution, monitoring, evaluation, motivation and change management functions of organizations;

3. contribute effectively in a cross-functional team environment to the alignment of your own functional objectives with business and strategic objectives.

Specifically students should be able to
1. Describe the role and...
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