This course is a comprehensive financial accounting course that examines multiple issues in financial reporting from both preparer and user perspectives. The course emphasizes on the application of international financial reporting standards and makes reference to the US accounting standards where appropriate. After students have finished the course, they can have clearer perspective on the information available in financial reporting and students will appreciate the challenges, worth and limitations of accounting. It also helps them to evaluate critically and understand the financial accounting theory and practice. Finally, it prepares students for advanced study, professional examinations and the successful pursuit of the careers in accounting or business.

CILO-1: Formulate and defend independent judgements in financial reporting. CILO-2: Critically assess and describe the applications of International Financial Reporting Standards (IFRS) into financial reporting. CILO-3: Synthesize, analyze and perform different accounting treatments related to particular financial statement elements. CILO-4: Assess and formulate independent judgments concerning the information provided in both basic and diluted earnings per share. CILO-5: Formulate the skills for handling accounting changes and conducting error analyses.