This course examines issues in financial reporting from both preparer and user perspectives. The course aims to deliver concepts of accounting, International Financial Reporting Standards (IFRS), the application of accounting standards to the preparation of financial statements, and the analysis and interpretation of management accounts for decision makings. International real case studies are introduced throughout the course.

CILO-1: Critically appreciate challenges and limitations of accounting. CILO-2: Conceptualize, critically evaluate and understand financial accounting theory and practice. CILO-3: Critically analyze and interpret financial statements and management accounts for decision makings. CILO-4: Critically apply accounting concepts to practical situations and to equip themselves for professional careers in commerce and industry.