Introduction to Accounting

Course Coordinator: SHI, Wenjing, BBA (CityU of HK); HKICPA

Course Developer: Mabel Lam, HKMU

Aims
The overall aim of this course is to provide students with the basic accounting knowledge and techniques that a competent accountant or business manager should have. This is a foundation course both for students who wish to develop further in the accounting discipline and those who simply wish to better understand accounting reports and the financial jargon which appears in the media.

This course aims to provide learners with fundamental knowledge about accounting. It introduces the basic skills in recording business transactions and procedures in preparing financial statements for sole proprietorship, partnership or an incorporated company. It also explains the purposes of financial statements and the underlying accounting concepts.

Contents
The course covers the following topics:

• Accounting in business
• Accounting cycle
• Merchandising operations and inventory
• Receivables, payables and internal control
• Non-current assets
• Accounting for partnerships
• Accounting for limited companies
• Statement of cash flows and analysis of financial statements
• Cost concepts
• Budgeting

Learning support
There will be eight three-hour tutorials, and one two-hour surgery.

Assessment
There are two assignments and one examination. Students must use word processing software (such as Microsoft Word) to prepare the assignments, and submit the assignments via the Online Learning Environment (OLE).

Set book(s)
A custom textbook will be provided.