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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 and
process; and
2.2 to understand the important and usefulness of accounting information in decision
making.


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.



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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 equation


Topic 1
Rosli et. al

Topic 3
Norfaiezah et. al





3


3.

3.0 THE RECORDING PROCESS
3.1 Characteristic of an account
3.2 The rules of debit and credit
3.3 The steps in recording process
3.4 Preparing of trial balance



Topic 2
Rosli et. al

Topic 4
Norfaiezah et. al




6

4.

4.0 COMPLETING THE ACCOUNTING CYCLE
4.1 Adjusting entries
4.2 Preparing the adjusted trial balance
4.3 Closing entries
4.4 Preparing the financial statement
Statement of Comprehensive Income
Statement of Owners Equity
Statement of Financial Position



Topic 3
Rosli et. al

Topic 5
Norfaiezah et. al




6
3

5.

5.0 ACCOUNTING FOR MERCHANDISING
BUSINESSES
5.1 Merchandising businesses environment
Transaction for purchases, sales, discounts,
returns and transportation costs
5.2 Accounting for inventory
Periodic inventory system
Perpetual inventory system
5.3 Format of Statement of Comprehensive Income and
Statement of Financial Position
5.4 Closing entries



Topic 4
Rosli et. al

Topic 6
Norfaiezah et. al




4.5


6.

6.0 COMPANIES ANNUAL REPORT
6.1 Regulatory and disclosure requirements related to
financial reporting
6.2 Major reports
Chairmans report, board of directors report and
audit report
6.3 Major financial statement
Statement of Comprehensive Income,
Statement of Financial Position and Statement
of Cash Flows
6.4 Accounting policies and notes to the account



Topic 5
Rosli et. al








1.5

7.

7.0 FINANCIAL STATEMENT ANALYSIS
7.1 Users of financial statement
7.2 The importance of financial statement analysis
7.3 Types of analysis:
1. Percentage vertical and horizontal analysis
2. Ratio liquidity, profitability, efficiency and
solvency



Topic 6
Rosli et. al

Topic 7
Norfaiezah et. al




3


8.

8.0 MANAGERIAL ACCOUNTING
8.1 Introduction to managerial accounting
8.2 The differences between managerial and financial
accounting
8.3 The purpose and importance of managerial
accounting information for decision making
8.4 Cost concept
8.5 Preparing cost statement for manufactured goods.
8.6 Preparing Statement of Comprehensive Income for
manufacturing firms



Topic 7
Rosli et. al

Topic 8
Norfaiezah et. al





3










9.

9.0 COST VOLUME PROFIT ANALYSIS (CVP)
9.1 The usage of CVP analysis
9.2 The relationships between cost volume and profit
9.3 Break-Even Point concept (BEP)
9.4 Techniques to determine BEP
9.5 Applications of CVP analysis



Topic 8
Rosli et. Al

Topic 9
Norfaiezah et. al




4.5

4

10.

10.0 BUDGETING AS A TOOL FOR PLANNING
AND CONTROLLING
10.1 The concept of budgeting
10.2 The usage of budgeting
10.3 Preparing master budget for merchandising firms
Operational budget
Financial budget


Topic 9
Rosli et. al

Topic 10
Norfaiezah et. al



6







11.

11.0 VARIANCE ANALYSIS AND STANDARD
COSTING
11.1 The usage of standard costing
11.2 Setting of standard cost and types of standard
11.3 Calculation of variance:
Direct material
Direct labour
Factory overhead



Topic 10
Rosli et. al

Topic 11
Norfaiezah et. al




3


4.0 REFERENCES

Main references:

1. Rosli, M., Junaidah, H.A., Mudzamir, M. et. Al (2011). Accounting-A
Malaysian Perspective 4E Edition (Special Adaptation from Accounting 22e by
Warren, Reeves and Duchac, 2006), Cengage, Singapore.


2. Norfaiezah, S., Fathiyyah, A.B., Saliza, A.A., Zaimah, A., Mohd Farid Asraf, M.H.
& Ram Al Jafri, S. (2009). Business Accounting: Easy Guide. Kuala Lumpur.
Pearson-Prentice Hall.

3. Warren, C.S., Reeves, J.M & Fess, P.E. (2002). Accounting (20e),
South-Western Thompson Learning, USA.

4. Che Zuriana, Akilah, Noriah, Noor Azizi, Mohd Azlan, (2001), Perakaunan
Perniagaan, Penerbit UUM, Sintok.

5. Engku Ismail Engku Ali (2001), Perakaunan Perniagaan, Kuala Lumpur. Pearson-
Prentice Hall.


Additional references:

1. Akta Syarikat, 1965.

2. Dyson, J.R., (2010), Accounting for Non-Accounting Students, Eight Edition,
Financial Times, London.
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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.



6.0 TEACHING METHOD

This course is conducted for fourteen weeks. The teaching and learning activities include
lectures, tutorials, project, assignments as well as quizzes given from time to time
throughout the semester. Power-point presentations for the lectures are available on the e-
learning website. Tutorial questions will be given by your lectures and some are selected
from the textbook. Quizzes are in the form of online quiz.


7.0 COURSE ASSESSMENT
The students will be evaluated based on:
Course Work: Mid Sem 20%
Tutorials 10%
Project 15%
Quizzes 5%
--------- 50%
Final Semester Examination 50%
100%

8.0 ATTENDANCE
Students are required to fulfill at least 80% of class attendance in order to qualify to sit in
the final examination as governed by the Universiti Utara Malaysia regulations. Students
who fail to meet the above requirements for whatsoever reasons will be barred from taking
the final examination.

9.0 ACADEMIC MISCONDUCT
Students are reminded that academic misconduct is the most serious academic offence.
Examples of academic misconduct are cheating and plagiarism, bringing in notes during
examination, taking the examination on behalf of another student and so on. Once the
student is convicted of any of the above offences, the examination result will be with-held
and annulled and/or other serious penalties may be taken against the student.




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