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BM 001-3-2 AFI AFI Introduction Slide 2 (of 16)

Prerequisites for this module

Accounting skills (BM 001-1-1)

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Aims of this module

Using accounting records to prepare the followingstatements:

Trial Balance

Trading and profit and loss account

Balance sheet Cash flow statement

The above statement will be carried out in the

context of trading and manufacturing

businesses, sole traders and limited companies. A study of the regulatory environment as it affects

financial accounting and reporting and will also

examine the analysis and interpretation of accounts

using appropriate methods.

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BM 001-3-2 AFI AFI Introduction

Aims of this module

In the second part of the module students will be introduced

to accounting for

Management decision-making:

Working capital management

Cost classification and break-even Analysis Absorption and marginal costing techniques and their

relevance to short-term and long-term decision-making.

Investment appraisal and strategic investment decision making

Budgeting and planning This module will conclude with a consideration of appropriate

accounting techniques for short, medium and long-term planning and

control

Slide 4 (of 16)

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BM 001-3-2 AFI AFI Introduction Slide 5 (of 16)

Learning Outcomes

At the end of the module, the student should be able to:

1. Demonstrate knowledge and understanding of

concepts, principles and techniques of accounting.

2. Apply appropriate accounting and financial techniques

in the preparation, interpretation and presentation of

financial statements.

3 Apply and evaluate financial techniques for

management planning, decision making and control in

the short , medium and long term.

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BM 001-3-2 AFI AFI Introduction Slide 6 (of 16)

Topics we will cover Introd

uction to double entry and preparation

of trial balance

Division of ledger & Books of prime entry

Preparation of final account & Balance sheet

Review Questions Complete

Introduction to partnership, Limited Companies& Manufacturing accounts

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Ratio & Interpretation of accounts

- Horizontal analysis

-Trend analysis

-Vertical analysis

- Ratio analysis

Introduction to management accounting

Absorption of Overheads

Introduction to management accounting &

decision making

Cost classification and attribution and financial

analysisSlide 7 (of 16)

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BM 001-3-2 AFI AFI Introduction

Budgeting system

Investment appraisal techniques

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BM 001-3-2 AFI AFI Introduction Slide 8 (of 16)

You should abide to all the rules & regulation of the

College

Proper attire

No speaking of dialects Attendance is compulsory and valid medical

certificates or letters from parents /guardians must

support any absence from class.

Three lateness will be equal to one absenceAll pagers and hand - phones should be turned off

during lectures.

What is expected of you

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BM 001-3-2 AFI AFI Introduction Slide 9 (of 16)

Students doing things not related to the current lecture will be

asked to leave the room and disciplinary action will be taken

in accordance with the Institutes rules and regulations.

Students should not leave the room during a lecture exceptwith the agreement of the lecturer

Assignments should be submitted before 7.00p.m. on due date

to the receptionist.

Students have to submit the EC form for late assignment and

missing from class test.

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BM 001-3-2 AFI AFI Introduction Slide 10 (of 16)

Consultation hours Email : natalie.eaw@ucti.edu.my Resources

Reference material Internet resources

What support is available for you

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BM 001-3-2 AFI AFI Introduction Slide 11 (of 16)

Reference material

Essential Reading:

Samuel C. Weaver, J. Fred Weston,

Samuel Weaver, J Fred

Weston, Finance & Accounting for Non-

Financial Managers, McGraw-Hill

Edwards Fields, The Essentials of Finance and

accounting for Non- Financial Managers, American

Management Association.

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BM 001-3-2 AFI AFI Introduction Slide 12 (of 16)

How you will be assessed

Incourse Assessment 50%

Test Semester 1 (LO 1 &2) 20%

Individual assignment (LO 1 & 2) 30%

Final Exam 50%

Learning outcome (LO1, 2 & 3)

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BM 001-3-2 AFI AFI Introduction Slide 13 (of 16)

Examination format Duration : 2 hours

6 Questions Answer 4 Questions

Section A : 3 Questions Answer 2 Questions (LO1 & 2)Section B : 3 Questions Answer 2 Questions (LO 3)

Each question carries 25 marks

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BM 001-3-2 AFI AFI Introduction Slide 14 (of 16)

Achievement requirements

Marks Alphabetical

Grades

Grading Point

80 and above A + Distinction

75 - 79 A Distinction

70 - 74 B+ Credit

65 - 69 B Credit

55 64

50 54

40 - 49

0 - 39

C

D

F+

F

Pass

Pass

Marginal fail

Fail

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BM 001-3-2 AFI AFI Introduction Slide 15 (of 16)

Q & A

Question and Answer Session

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BM 001-3-2 AFI AFI Introduction Slide 16 (of 16)

Introduction to double entry and

preparation of Trial balance

What we will cover next