Financial Accounting

Course code ACFI2002
Available in 2016
2016 Course Timetables


Financial Accounting develops along two main themes. Firstly, it introduces various theoretical models of accounting and accounting policy choice and secondly it investigates selected applied issues in financial accounting. Students develop extended accounting knowledge and skills, analysing multiple sources of information to support their accounting outcomes and conclusions.


UoN Singapore

  • Trimester 2 - 2016 (Singapore)

Learning Outcomes

1. Identify the theoretical constructs of contemporary financial accounting;

2. Demonstrate selected accounting standards, including the ability to apply such standards in appropriate circumstances;

3. Investigate and evaluate issues surrounding contemporary accounting controversies;

4. Analyse, evaluate and synthesise both quantitative and qualitative information to inform accounting skill, choice and decision;

5. Independently or collaboratively communicate accounting knowledge and outcomes in both written and oral formats.


The course topics include but are not limited to the following:

  1. Theories of Financial Accounting including the Conceptual Framework
  2. Accounting for Assets including Biological Assets
  3. Accounting for Liabilities
  4. Revenue Recognition
  5. Accounting for Leases
  6. Accounting for the Extractive Industries
  7. Accounting for Financial Instruments
  8. Accounting for Foreign Currency Transactions
  9. Preparation of External Financial Reports including Statement of Comprehensive Income, Statement of Changes in Equity, Statement of Financial Position and Statement of Cash Flows
  10. Other Disclosure Issues

Assumed Knowledge

ACFI1001, ACFI1002

Assessment Items

Tutorial / Laboratory Exercises: Tutorial Assignments

Quiz: Mid-Semester Quiz

Written Assignment: Assignment Preparation of Financial Statements

Formal Examination: Final exam

Contact Hours

UoN Singapore


Face to Face On Campus 2 hour(s) per Week for Full Term


Face to Face On Campus 2 hour(s) per Week for Full Term