This course is an introduction to concepts and current issues on financial accounting, designed to create awareness of principles, preparation and application of financial accounting in business world. The primary focus will be that of the users, rather than of the preparer, however. All students who will be future users of accounting information will benefit from this course.
 
You will learn how to read, understand and use published financial statements for decision‐making. To accomplish this goal, we will develop the fundamentals of each topic, understand the implications of those fundamentals through examples and integrate the topic into the framework of the accounting process and financial statements. An understanding of what can be inferred from the financial statements about the past performance, present position, and future prospects of the firm will be developed.

• How businesses operate and accounting system serves them.
• How accounting information system processes and records business transactions.
• How financial statements are prepared.
• How to perform a financial statement analysis.
• The application of accounting information in decision making.

1. Textbook: Introduction to Financial Accounting for ACC1002X NUS Business School
   2nd Edition, published by Pearson 
   ISBN: 9789810638504

2. IVLE:
   It is your responsibility to visit regularly the course website on the NUS IVLE (Integrated Virtual Learning Environment). Lecture notes, course announcements, tutorial solutions and other course-related materials will be posted on the module’s IVLE website.

3. A non-programmable, non-graphing, and non-financial calculator is required for the midterm test and final exam. Scientific calculators are permitted. Mobile phones, laptops, tablets and any other electronic devices are NOT permissible substitutes for calculators.

Lectures

The primary format of this course is lecture, problem solving, and review. You are expected to download related lecture notes and handouts from IVLE and bring them to lecture. You are also expected to have read the material and worked the assigned problems beforehand, as it is covered in lecture. Major concepts will be reviewed in lecture at a relatively fast pace and emphasis will be on application of those concepts through a set of problems and in-lecture examples.
 
In accounting, new concepts build on prior material, so it is critical to keep up with the readings and assignments. Cramming will not help you understand accounting! Regular attendance is critical to success.
 

Tutorials

 
Starting from Week 3 of the semester, there is a one-hour per week tutorial session for the corresponding lecture in the previous week, in which students are expected to complete the assigned tutorial questions before tutorials, and to contribute to discussions during the tutorial.
 
You are required to ballot for your desired tutorial slot online at CORS. For any questions related to the tutorial enrollment or change, please contact the BBA office in person. The teaching team does not handle any request for tutorial change.
 
Any questions related to tutorial questions or attendance should be directed to the corresponding tutor directly.
 

Enrollment and Change of Tutorial Groups

 
Please contact the BBA office for administrative matters regarding enrollment and change of the module and tutorial groups. The lecturer and tutors do not have control over such matters at all. The BBA office is located at BIZ 1 #2-7, Mochtar Riady Building. You can also contact Mr Thomas LOW at
E-mail: bizljk@nus.edu.sg
Phone: +65 6601 8982

    (A) Mid-term test is a closed-book test and will cover all materials from the first six lectures.  The mid-term test is tentatively scheduled on Saturday, 1^st October 10:45am-12:00pm in MPSH1B and MPSH4.  No make-up for the mid-term test.  Further details will be provided in due course.
 
(B) Final examination is a closed-book exam. All material lectured in the course are examinable. It is scheduled on Tuesday, 22^nd November, 5:00pm-7:00pm. The specific venue of the final exam will be determined by the university.
 
(C) It is important for you to attend each lecture and tutorial and be actively involved in class activities. Attendance is considered as part of the class participation. Class participation includes asking and answering questions raised by instructor/tutors or by your fellow students, offering alternative solutions, commenting on others’ work, etc.  You should be adequately prepared before you come to each tutorial. All students should complete the assigned questions before the tutorial as they may be called upon to present their solutions.

Textbook title: Introduction to Financial Accounting for ACC1002X NUS Business School

Textbook edition: 2

ISBN: 9789810638504