Financial Accounting BSc Curriculum Syllabus and Topic Overview (3rd Semester 2025)

Financial Accounting: Curriculum Overview

Introduction

This syllabus outlines the structure, topics, and key learning objectives for the Financial Accounting course in the 3rd semester of the BSc program (2025). The course covers foundational and advanced topics in financial accounting, including transaction analysis, accrual concepts, inventory, internal controls, liabilities, equity, cash flows, and financial statement analysis. The curriculum is based on the textbook: Financial Accounting: International Financial Reporting Standards by Harrison et al.

Course Structure and Requirements

• Lectures, Tutorials, and Online Resources: The course includes lectures, tutorials, and online resources (MAL) for self-study and assignments.

• Group Assignments: Students will complete group assignments and a mandatory final report.

• Assessment: Includes written assignments, group work, and an exam simulation.

Weekly Topics Overview

Week	Type	Subject	Reference
38	L1	Conceptual Framework, Financial Statements, IFRS	HHTS Ch.1, 2
38	L2	Financial Statement Preparation	HHTS Ch.1, 2
39	L3	Transaction Analysis, Schematic Balance Sheet	HHTS Ch.2, 4
39	L4	Accrual Accounting	HHTS Ch.3, 4
40	L5	Presentation of Financial Statements: BS, PL, and CF	MAL 6.3, 6.4
40	L6	Accrual Accounting	HHTS Ch.3, 4
41	L7	Income Recognition and Percentage-of-Completion, Preparation of Financial Statements	HHTS Ch.4, 6
41	L8	Income Recognition and Percentage-of-Completion, Preparation of Financial Statements	HHTS Ch.4, 6
42	L9	Tax and Investments	HHTS Ch.6, 8
42	L10	Accrual Accounting: Percentage-of-Completion and VAT	HHTS Ch.6, 8
43	Tutorials	Tutorials only	MAL 6.1, 6.4
44	L11	IFRS and Impairment, Depreciation	HHTS Ch.7
44	L12	Preparation of Financial Statements (Group Accounting)	MAL 6.1, 6.4
45	L13	Investments and Group Accounting	HHTS Ch.8
45	L14	Leasing and Group Accounting	HHTS Ch.8
45	L15	Testing and Written Test	HHTS Ch.1, exam
45	L16	Cash, Receivables, and Inventory	HHTS Ch.5, 6
46	MAL	Revenue, Cash, and Receivables	MAL 6.1, 6.4
46	MAL	PPE and Intangibles	MAL 6.1, 6.4
46	MAL	Inventory and Cash Flow Statement	MAL 6.1, 6.4
46	L17	Statement of Cash Flows	HHTS Ch.11, 12
47	L18	PPE and Amortization	HHTS Ch.7
47	L19	Statement of Cashflows & Financial Statement Analysis	HHTS Ch.11, 12
47	L20	Cash Flow and Equity Statements	HHTS Ch.12
48	L21	Financial Statement Analysis	HHTS Ch.12
48	L22	Group Accounting	HHTS Ch.8
49	L23	Financial Statement Analysis and deferred tax + preparation of financial statements	HHTS Ch.12, MAL 6.1, 6.4
49	T	Exam simulation	Selected exercises

Main Topics Covered

• Introduction to Accounting: Conceptual framework, financial statements, and IFRS principles.

• Transaction Analysis: Understanding the impact of transactions on the balance sheet.

• Accrual Accounting Concepts: Revenue and expense recognition, percentage-of-completion, VAT.

• Merchandising Operations & Inventory: Inventory management, cash flow statements.

• Internal Controls and Reporting Cash: Cash management, receivables, and internal controls.

• Receivables and Investments: Accounting for receivables, investments, and group accounting.

• Long-Lived Assets: PPE, amortization, impairment, and depreciation.

• Current and Long-Term Liabilities: Recognition and measurement of liabilities.

• Stockholders' Equity: Equity statements and analysis.

• Statement of Cash Flows: Preparation and analysis of cash flow statements.

• Financial Statement Analysis: Techniques for analyzing financial statements.

• GAAP vs IFRS: Comparative study of accounting standards.

Key Learning Outcomes

• Understand and apply the conceptual framework of financial accounting.

• Prepare and analyze financial statements according to IFRS.

• Apply transaction analysis and accrual accounting principles.

• Evaluate inventory, cash, receivables, and investments.

• Analyze long-lived assets, liabilities, and equity.

• Prepare and interpret statements of cash flows.

• Conduct financial statement analysis and compare GAAP vs IFRS.

Assessment and Assignments

• Group assignments and mandatory final report.

• Written tests and exam simulation.

• Self-study and tutorials for deeper understanding.

References

• Harrison, W.T., Horngren, C.T., Thomas, C.W. & Suwardy, T. (2022). Financial Accounting: International Financial Reporting Standards, 12th ed. Pearson (Global Edition).

• Additional materials available on Bright Space (BS) and MAL.

Additional info: This syllabus provides a comprehensive roadmap for the Financial Accounting course, ensuring coverage of all major topics relevant to college-level financial accounting.