LESSON PLAN

FINANCIAL ACCOUNTING
(BBAW2103)

TUTORIAL 1
About Tutorial Lesson
Plan (for tutors)
• Purpose:
– For you to guide and facilitate learning
– For you to encourage engaged and active learning
– For you to create constructivist classroom and guide learners to
construct new knowledge from their past experience
• How to Use?
– Go through the slides and be prepared
– Complete the lesson within the time duration
– Connect the lesson with the module & assessment
– Encourage learners to participate / discuss & do the activities
– Apply scaffolding techniques to increase cognitive level
– Always provide feedback / explanation
– Never read out the slides as it is without doing the activities
Overview of the Course
Overview of Tutorial 1
In this tutorial, we will cover the following:

Discussion Topic Duration (minutes)

Introduction to the Course 5
Topic 1: Accounting Environment 30
Topic 2: Basic Rules of Accounting 30
Topic 3: Recording Process 30
Assignment Discussion 20

Summary 5
Introduction to the
Course

(5 minutes)
General Course Objectives

By the end of this course, you should be able to:

1. Discuss the fundamental concepts of accounting and classify types of
financial statements
2. Describe the meaning of accounting information, its role and
importance
3. Illustrate the process of preparing accounting information and
completing the accounting cycle

4. Prepare and understand a complete financial statement

5. Propose and plan an accounting information

Assessment Information

MODE (%) FORMAT Details

ASSIGNMENT 50 Essay Type 1 question.

40 questions.
EXAMINATION 50 MCQ
Answer all.
 TOPIC 1
Accounting Environment

Discussions
(30 minutes)
Focus of Discussion for
Topic 1
1. Definition of accounting;
2. The users of accounting
information;
3. Fundamental accounting
concepts.
Definition of accounting

In your own words, what do you

understand about accounting?

(5 minutes)

Section 1.1.1, Figure 1.1

Page 2
The users and branches of
accounting

Financial
Statements
of Company
Zeno

a) As a Head of Marketing in Zeno, how would you benefit

from the above accounting information?
b) You are interested to make an investment in Zeno. Based
on the financial information given, will you invest in
Zeno? Why?
(5 minutes)
Section 1.1.2, Figure 1.1
Pages 2 - 3
Fundamental accounting
concepts (1/2)
Fundamental accounting
concepts (2/2)
Based on the accounting information given, as an
investor:
– What are the relevant information will you need to
invest in the company?
– Do you think the accounting information is reliable
for making decisions?
– Can you compare the information meaningfully?
– Do you find consistency in the accounting
information?
Provide justification to your answers.
(10 minutes)
Section 1.2.1, Figure 1.2
Pages 7 - 10
Fundamental accounting
concepts
In the previous year budget meeting, the
CEO of Major Trading company has set a
target sales for RM1 million to achieve in
the current year. Rina, the new accounts
clerk has recorded RM1 million sales
amount in revenue collection.
Do you think Rina has conformed to the
basic principles of accounting? Why?
(10 minutes)

Section 1.2.3, Figure 1.5

Pages 14 - 17
 TOPIC 2
Basic Rules of
Accounting

Discussions
(30 minutes)
Focus of Discussion for
Topic 2
1. Accounting cycle;
2. Accounting equations;
3. Rules of debit and credit.
Accounting cycle

You need to prepare a monthly financial

statement.

a) Explain the steps involve in producing

a Financial Statement.
b) Provide reasons for taking each of
the said steps.
(10 minutes)

Section 2.1, Figure 2.1

Pages 29 - 31
Accounting equations

You have recently opened a new saloon

business with cash amounting to RM11,500.
However, your own capital is only RM5,000
and the balance is from the bank loan.

Analyse the transactions and classify

them into the accounting equation.

(5 minutes)

Section 2.2,
Pages 31 - 38
Rules of debit and credit
For each type of account, determine when the debit and credit
will increase or decrease. Provide justification to your answer.
Types of
Increase Decrease Provide reason
Account
Asset
Liability
Capital
Drawings
Revenue
Expense

(15 minutes) Section 2.5, Table 2.4

Pages 42 – 43
 TOPIC 3
Recording Process

Discussions
(30 minutes)
Focus of Discussion for
Topic 3
1. Preparation of the journal entries;
2. Posting journal entries to ledger;
3. Preparation of the trial balance.
Recording process (1/2)
Recording process (2/2)
Based on the accounting
transactions for Shafiq Electrical
Company for the month of January
2015, do the following:
a) Prepare the journal entries
b) Post the entries into ledger
c) Prepare the trial balance
(30 minutes)
Section 3.1.1 – 3.1.4,
Figure 3.1
Pages 50 - 88
Assignment Discussions

(30 minutes)
Assignment

Refer to the assignment

questions for the semester in
myVLE / myInspire.
Getting the Assignment
Assignment Requirements

• For this course you may require to prepare

the Trial Balance and / or Financial
Statement
Assignment Requirements

For Trial Balance, you need to refer to the

following sections:
i. Preparing journal entries – Section 3.1.1
ii. Posting of entry into ledger – Section 3.1.2
iii. Analyse transaction – Section 3.1.3
iv. Prepare trial balance – Section 3.1.4
Assignment Requirements

For Financial Statement, you need to refer

to the following sections:
i. Income Statement – Section 1.3.1
ii. Statement of Changes in Equity – Section
1.3.2
iii. Balance Sheet – Section 1.3.3
iv. Statement of Cash Flows – Section 1.3.4
Assignment Q for the
Semester
• Provide guidance on the assignment
(15 minutes)
Summary
Topic 1 Topic 2 Topic 3
Accounting Basic Rule of Recording
Environment Accounting Process

Definition of Accounting
Journal
Accounting cycle

The users of
Accounting
accounting Ledger
equations
information

Fundamental Rules of
accounting debit and Trial balance
concepts credit

(5 minutes)