AF2111 Subject Outline 201617 S2
AF2111 Subject Outline 201617 S2
AF2111 Subject Outline 201617 S2
POLYTECHNIC UNIVERSITY
10
Subject Outline
Semester 2, 2016/2017
AF2111-Accounting Concepts for Decision Making Subject Outline
Contents
GENERAL INFORMATION......................................................................................2
ROLE AND PURPOSE...............................................................................................2
LEARNING OUTCOME............................................................................................3
COURSE MATERIAL AND INFORMATION.........................................................3
TEXTBOOK & REFERENCES.................................................................................4
TOPICAL COVERAGE & TEACHING/LEARNING APPROACH.....................5
TENTATIVE TEACHING SCHEDULE & WEEKLY ASSIGNMENTS...........6-9
METHOD OF ASSESSMENT/OVERALL GRADE ..........................................9-12
GENERAL INFORMATION
Weekday
Lecture Friday 830 - 1020 FJ303
Tutorial 1 Monday 1230 - 1320 R508
Tutorial 2 Monday 1030 1120 R601
Tutorial 3 Thursday1730 - 1820 V314
Tutorial 4 Tuesday 1130 1220 DE303
Or by appointment
This subject provides students with a framework to understand the accounting process in
organizations. It also introduces tools to students to understand and interpret financial
information. Students should be capable of making informed decisions, including but not limited
to accounting decision making.
-2-
AF2111-Accounting Concepts for Decision Making Subject Outline
LEARNING OUTCOME
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;
General information and study materials for the subject are available online through the
universitys blackboard web page. These include PowerPoint for lectures, answers to exercises /
assignments. You should access the page regularly for announcements and e-mail.
3
AF2111-Accounting Concepts for Decision Making Subject Outline
Required Textbook:
Kimmel, Weygandt and Kieso, 2012, Accounting: Tools for Business Decision Making, 5 th
Edition, ISBN: 9781118128169.
Recommended References:
Weygandt, J & et al, 2012, Accounting Principles, 10th Edition, John Wiley & Sons, (Asia) Pte
Ltd.
Marshall, McManus & Viele, 2014, Accounting - What the Numbers Mean, McGraw-Hill
Irwin.
Dyson, J. R. 2010. Accounting for Non-Accounting Students, Financial Times Prentice Hall.
Useful Websites:
USA accounting standards (FASB): www.fasb.org
Hong Kong accounting standards (HKICPA): www.hkicpa.org.hk
International accounting standards (IASB): www.iasb.org.uk
(IAS Plus): www.iasplus.com
4
AF2111-Accounting Concepts for Decision Making Subject Outline
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
Accounting is interesting
- A case study of the preparation of financial statements
TEACHING/LEARNING APPROACH
A two-hour weekly lecture will be conducted to introduce the key issues and concepts of each
topic. The exposure to these issues and concepts is then reinforced by the weekly tutorial, which
provides a forum for discussion of assigned exercises and for resolution of problems arising
from lectures and readings.
5
AF2111-Accounting Concepts for Decision Making Subject Outline
6
AF2111-Accounting Concepts for Decision Making Subject Outline
13 21 April REVISION
**Subject to the progress of student learning and the schedule may be changed
7
AF2111-Accounting Concepts for Decision Making Subject Outline
Practice Assignment:
Each student is expected to work on some/all of the questions outlined below:
The Self-study Questions are multiple choice type questions to facilitate a quick review of the
objectives learned. The Questions offer students other perspectives of looking at the issues.
These are meant for a revision of the concepts learned when reading the textbook is not feasible
for some students. No recall of the answers to Questions is required in the examination. The
Brief Exercises display straight-forward and computational type of questions. The Do it!
Review exercises give students a quick recap of the key concepts covered in the chapter. The
Exercises build on the Brief Exercises and extend the concepts used in Brief Exercises to
tackle the issues. The Problems are more difficult questions requiring more thorough
understanding and therefore should be attempted after revision has been done. These
questions/exercises help reinforce and test students understanding of the topics. Solutions will
be given for all assigned questions/exercises.
3 2 1 15 1, 2, 4, 5, 1, 2, 4, 1, 4 3, 4, 6, 2-2A, 2- Ex 2-4,
8, 10, 13, 10 12, 13 3A 2-6
15, 16,
18, 20
4 3 1 15 1 - 6, 8, 2 - 4, 8, 1-3 1 - 3, 5, 3-2A, 3- Ex 3-7,
10, 11, 12 6,7,8,14 3A 3-8, 3-14
12 P3-3A
5 4 1 15 1, 3, 4, 8, 1, 3, 6, 7 n/a 1, 2, 4, 5, 4-2A (c), Ex 4-12,
10 - 12, 8, 10, 12 4-3A (c) 4-3A (c)
15, 16,
24
6 5 1 14 6, 7, 8, 2-5, 1-3 1 - 3, 5- 5-5A Ex 5-5,
11, 14 6, 5-8(a), 5-
8(a),9(a) 9(a)
P5-5A
7 9 1 15 1, 2, 4, 7, 1 8 2, 3 58 9-3A Ex 9-5,
12, 19, 9-7, 9-8
20, 24, P9-3A
26
8
AF2111-Accounting Concepts for Decision Making Subject Outline
Assessment:
Coursework
Quiz 20%
Analytical writing assignment 18%
Weekly tutorial assignments (total = 12 assignments) 12%
50%
Final examination 50%
Total 100%
You must pass both components of assessment, namely coursework and final examination to get
a pass in the subject.
9
AF2111-Accounting Concepts for Decision Making Subject Outline
Quiz (20%):
There will be 4 quizzes on topics listed below. The quiz will be conducted during the following
dates (outlined below). Each quiz lasts for 25minutes. The format of the quiz will be based on 1
to 2 questions that have been discussed in the previous tutorials. You are advised to study the
questions outlined in the assignment grid (especially those under tutorial discussion
questions) to help prepare yourself for the quiz. Only the best three scores will be
aggregated to form the grade for this component. No make-up will be provided even a medical
certificate is submitted as only the best three scores out of four will be counted.
The remaining 25 minutes will be devoted to a discussion of the questions listed below:
QUIZ:
25 minutes
Week Date Chapter Topic Referenced Referenced
Questions Questions
4 tutorial 1 Introduction to Financial Ex 1-9, 1-11
class Statements
time
6 tutorial 2&3 Further look at F/Ss & The Ex 2-4, 2-6 Ex 3-7, 3-8,
class Accounting Information 3-14
time
System P3-3A
8 tutorial 4&5 Accrual Accounting Ex 4-12, 4- Ex 5-5, 5-
class Concepts & Merchandising 3A (c) 8(a), 5-9(a)
time
Operations P5-5A
10 tutorial 9 & 12 Reporting and Analyzing Ex 9-5, 9-7, Ex 12-8(a)
class Long-Lived Assets & 9-8 P12-9A
time
Statement of cash flows P9-3A
The analytical writing assignment consists of a written report on a case in which you will take
up the role of a management accountant for a firm. You have to logon to BB to download the
case materials and work on the analysis and calculations. The deadline for submission of the
hard copy is April 25, 2017 (MONDAY), which is after the end of the semester. You have to
indicate your name, tutorial time and your class register number (same as your weekly
assignment number) on the template.
Students are required to work on at least ONE tutorial discussion question after attending the
respective lecture and tutorial in the following week. Students will be given 1 mark (11 marks
for submitting 11 assignments) for submitting the assignment on or before the deadline even the
work done may not be completely correct.
There will be a bonus mark of 1 if you have submitted continuously throughout the 11 weeks
from week 2 to week 12.
10
AF2111-Accounting Concepts for Decision Making Subject Outline
The first assignment will be due on 27th January 2017 (week 2, Friday). The tutor will provide
the solutions to chapter one assignment in week 3. Thereafter, the weekly assignment will be
due on each Friday and the solution will be provided in the subsequent week. All students
should submit their work on or before Friday 17:00 into the envelopes (labelled
according to class number and tutorial no) outside M754 (tutorial 1-
3) or Teresas office (M832a). No assessment will be provided after
the due dates.
Since April 14th 2017 (Friday) is a public holiday, the due date for the last assignment has been
brought forward to 23:59 on April 13th 2017 (Thursday) for chapter 20 discussion question(s).
Students will get back the assignments during the tutorial class in the following week.
You may download the weekly assignments from BB and check figures are
provided on some questions.
Please put down your name, student ID, tutorial class time, your class number
(sequence number on the attendance register) on the assignment.
This is a CLOSED BOOK Examination. Short questions on selected topics will be asked in the
examination. An outline will be distributed in week 11.
11
AF2111-Accounting Concepts for Decision Making Subject Outline
Criterion-Referenced Assessment:
A+ to A B+ to B C+ to C D+ to D F
Quiz Demonstrate a Demonstrate a Demonstrate an Demonstrate a Fail to
strong good acceptable minimum understand
understanding understanding understanding understanding the topics
of the topics of the topics of the topics of the topics
12