NTU Nanyang Business School Common Cores
Module:
AB1101/ AC1101/ AD1101 Accounting I
Description:
Accounting is the language of business. This course aims to provide students with a broad understanding of business, the role of accounting in business, the analysis, recording, summarizing, and reporting of business transactions, and the use of information for planning, performance measurement and control. The course is divided into three sections. The first section aims to enhance the students' understanding of business and the role of accounting in business. It covers why businesses exist, and how businesses create value for their stakeholders. This section also introduces stakeholder theory, examines the stakeholders' interests in the businesses; and the information needs of these stakeholders. The second section aims to provide a sound understanding of how business activities are measured and communicated to stakeholders through the accounting information system. It covers the elements of financial statements, double entry bookkeeping system, accounting for financing, investing and operating activities; and the preparation of income statement and classified balance sheet. The final section of the course introduces agency and contract theories and the use of organizational architecture to minimize agency costs. It also focuses on the use of accounting information for decision making, planning, performance measurement and control. It covers financial statements analysis, cost-volume-profit analysis, the use of relevant information in decision making scenarios, budgeting, responsibility accounting and the use of balanced scorecard to improve performance evaluation.
Notes:
Download here
Module:
AB1101/ AC1101/ AD1101 Accounting I
Description:
Accounting is the language of business. This course aims to provide students with a broad understanding of business, the role of accounting in business, the analysis, recording, summarizing, and reporting of business transactions, and the use of information for planning, performance measurement and control. The course is divided into three sections. The first section aims to enhance the students' understanding of business and the role of accounting in business. It covers why businesses exist, and how businesses create value for their stakeholders. This section also introduces stakeholder theory, examines the stakeholders' interests in the businesses; and the information needs of these stakeholders. The second section aims to provide a sound understanding of how business activities are measured and communicated to stakeholders through the accounting information system. It covers the elements of financial statements, double entry bookkeeping system, accounting for financing, investing and operating activities; and the preparation of income statement and classified balance sheet. The final section of the course introduces agency and contract theories and the use of organizational architecture to minimize agency costs. It also focuses on the use of accounting information for decision making, planning, performance measurement and control. It covers financial statements analysis, cost-volume-profit analysis, the use of relevant information in decision making scenarios, budgeting, responsibility accounting and the use of balanced scorecard to improve performance evaluation.
Notes:
Download here
Year 1 Sem 1
ReplyDelete1. AD1101 Financial Accounting
Course Assessments:
Class Participation - 10%
Team Project - 20%
In-class Quiz - 10%
Team Presentation - 10%
Finals (2.5 hr paper) - 50%
Total - 100%
Recommended Tutors:
Chong Eng Heng, Anil J Shukla
If syllabus is still using Cengage, then you have to buy a textbook because you need the code to access CENGAGE and do tutorials (questions from tutorial will be from textbook & past year papers)
Remarks:
I had some FA background because I did 3 modules of Accounting in poly. I would say that my accounting is pretty zai haha. For those from business courses in poly, FA should be a breeze for you! Just need to be consistent and go for lectures to refresh your memory because you may have forgotten some of the important terms. For those from JC, FA may be harder for you as this is a new module and subject, and FA requires a lot a lot of practice in order for you to do well. Group project is super important, my group secured an A+ so we all did relatively well for finals! My prof was Anil and he did not let us form our own groups, thank God my group mates were pretty damn awesome and hardworking :') all in all, FA requires consistent practice, you SHOULD do all your tutorials before going for class and be sure to practice past year papers (damn important this one!!!) and remember what is debit and credit (this is the basic foundation of accounting)
The course coordinator for FA was Chong Eng Heng and everyone who got him said that he is dammmn good. But I got Anil, and I think he is equally good as well. One thing about Prof Anil is that he likes to go through a lecture recap during his lessons, which is a good thing I feel, especially if you missed a certain lecture. Also, he is very patient and answers all e-mails :)
AD1101 Financial Accounting
ReplyDeleteLectures attended: 100%
Tutorials attended: 100% (Adj Assoc Prof Anil Shukla)
Textbook(s): Financial Accounting: Global Edition: International Financial Reporting Standards, 9th Edition - Walter T Harrison, Charles Horngren, Bill Thomas, Themin Suwardy
[ISBN: 978-0-273-77780-9]
Assessment: Team Presentation (10%), Team Project (20%), Mid-term (10%), Class Participation (10%), Finals, closed book (50%)
Comment(s):
Adj Assoc Prof Anil Shukla's style of teaching is useful for consolidation and revision. Before attempting on the tutorial questions proper, he would summarise and highlight the key points of the topic discussed. I used the time to make summary sheets for consolidation of key concepts which I found useful.
Textbook is not essential. Most questions are taken from the textbook though you can obtain them from your peers. The textbook is, however, useful for clarity of concepts as I found the lecture notes somewhat lacking.
While we are on the topic of lecture notes, do note that the lecture notes have blanks. If you are planning to skip the lectures, either get the missing content from online lectures or from your peers. Otherwise, the blanks virtually makes the lecture notes useless, if not misleading.
One important thing to note for this course is that Team Presentation and Team Project component are separate. That means you basically have two team assignments for this module. It has a relatively heavy weightage so I would suggest dedicating effort into it.