Acct4111 Advanced Financial Accounting
Acct4111 Advanced Financial Accounting
Acct4111 Advanced Financial Accounting
SCHOOL OF ACCOUNTANCY
ACCT 4111
ADVANCED FINANCIAL ACCOUNTING
SESSIONS A AND B
(FIRST SEMESTER, 2014 - 2015)
LECTURER
Mr. Eric LEUNG
Office:
Phone:
E-mail:
Office hour:
TEACHING ASSISTANT
Miss TSANG Pui Ki
Office:
Room 1049, 10/F., Cheng Yu Tung Building (CYT)
Phone:
3943-7644
E-mail:
adatsang@ baf.cuhk.edu.hk
COURSE OBJECTIVES
This course is a continuation of financial reporting and deals with the more advanced aspects of
financial accounting. The course assumes knowledge acquired in previous financial reporting courses
and thereby focuses on the exploration of the core technical capabilities to prepare and analyse financial
reports for combined entities which takes the subject into greater depth and contextualises the role of
accountant as a professional financial adviser by examining the group reporting requirements as well as
the rationales behind various accounting principles and standards relating to group reporting.
This course attempts to investigate issues relating to group reporting and therefore includes such topics
as business combinations, consolidations of subsidiaries, intragroup transactions and foreign currency
translations. Special problems in the consolidation of corporate financial statements will also be covered
in the course.
The objectives of the course are to:
(1) introduce the working knowledge of business combinations and group reporting under the
international accounting context and the Hong Kong accounting reporting environment;
(2) equip students with the ability to prepare financial statements of groups of entities in accordance
with relevant accounting standards;
(3) strengthen students ability to apply accounting and financial reporting knowledge in business
decision-making;
(4) equip students with a global perspective associated with accounting;
(5) strengthen students written communication skills by providing professional advices to solve
problems relating to group accounting.
Prerequisite: ACCT 3112 Financial Reporting II
LEARNING ACTIVITIES
To ensure that students are able to develop and achieve the above outcomes, the course is structured
with the following learning activities:
(1) Lectures
A weekly three-hour lecture is scheduled. During the lecture, fundamental concepts relating to a
specific topic relating to group accounting (see the section headed List of Topics and Class
Schedule below) will be delivered by teacher. (Major focus: CLO 1, 2, 3, 4)
(2) In-class discussion
Several case problems will be distributed in class. Students are expected to discuss within their own
groups to come up with the solutions. This not only facilitates the application of the concepts
discussed in lectures but also assists students to get prepared for their examinations. (Major focus:
CLO 1, 2, 3)
(3) Self-reading
Reading is critical in the course. Relevant reading materials will be stipulated in the weekly lecture
notes. Students are expected to read the relevant materials and do their own readings after class to
further consolidate their understanding of the topic. (Major focus: CLO 2, 3, 4)
(4) Practice problems
A number of additional practice problems will be regularly posted on the eLearning platform for
students practice. Knowledge in financial reporting can partially be polished through practicing.
Students are expected to discuss among themselves on the practice problems. Check figures will be
posted on the eLearning platform for students reference. (Major focus: CLO 2, 3, 4)
(5) Case studies
Two case studies consisting of problems and report writing will be distributed to students
throughout the semester. Students are expected to (1) analyse and solve business problems in an
accounting context and (2) work on their own pace to check whether they are able to tackle the
selected problems. Solutions will be posted on the eLearning platform after submission of case
studies. (Major focus: CLO 1, 2, 3, 5)
Lectures and In-class
discussion
In-class
3 hours / week
Mandatory
Self-reading
Case studies
Practice problems
Out of class
6 hours / week
Mandatory
Out of class
1 2 hours / week
Mandatory
Out of class
1 2 hours / week
Mandatory
COURSE ASSESSMENT
Course grade will be based on the following elements:
Test
Comprehensive case examination
Case studies
Total
30%
50%
20%
100%
CASE STUDIES
Students will be given two case studies throughout the course and they are strongly advised to complete
the case studies individually. This is an effective means in letting students and teacher know whether
the concepts delivered during the lectures are properly mastered.
COURSE ANNOUNCEMENTS
Lecture materials and announcements will be posted on the eLearning platform:
https://elearn.cuhk.edu.hk/webapps/portal/frameset.jsp
Session
A
(F1-3)
5-Sept
12-Sept
8-Sept
19-Sept
15-Sept
26-Sept
22-Sept
29-Sept
29-Sept
CYT LT1
(18:30)
10-Oct
17-Oct
24-Oct
Session
B
(M1-3)
4-Sept
Topics
Readings
CYT LT1
(18:30)
6-Oct
AIT G03
(18:30)
20-Oct
Investments in Associates I
LT7
(18:30)
13-Oct
24-Oct
9
31-Oct
27-Oct
10
7-Nov
3-Nov
11
14-Nov
10-Nov
12
21-Nov
17-Nov
13
28-Nov
24-Nov
The class schedule is subject to changes. The reading lists are not exhaustive. Additional readings may be assigned for reference throughout the semester.