This course provides students with substantial knowledge in financial accounting and reporting. Major topics include financial statement disclosures, accounting for shareholders’ equity, provisions, contingent liabilities and contingent assets, income taxes, financial instruments, property, plant and equipment, intangible assets, and impairment of assets. The applications of IFRSs for the treatments and preparations of financial statements are emphasized throughout the course.

1. Demonstrate a theoretical and practical understanding of accounting principles, concepts, theories and framework related to particular assets, liabilities and equity items. 2. Develop the analytical skills to perform accounting treatments in financial reporting. 3. Apply accounting standards, principles and theories to solve complicated accounting issues. 4. Understand the IFRSs to solve problems related to assets, liabilities and equities transactions. 5. Appreciate the applications of the IFRSs in the preparations of financial statements for companies.