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S1-3 Accounting Concepts

In: Business and Management

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AC2101 – Accounting Recognition and Measurement

Agenda for Seminar 1
A. Course introduction
1. Contents overview

Seminars 1 to 3 Conceptual Issues Underlying Accounting Recognition and Measurement presented by

2. Assessment components & expectations 3. Administrative matters

B. Conceptual overview
1. Purpose of accounting & its role in contracting 2. Concepts of recognition, measurement & disclosure in accounting

Low Kin Yew Associate Professor Nanyang Business School
Semester 1 2012-13

2

Course Contents Overview
Contents 1 Fundamental concepts & issues in accounting Assets: a. Leases b.Investment property c. Financial assets Liabilities: a. Financial liabilities b. Deferred tax liabilities Seminar # 1, 2 & 3 3, 4 & 5 7 8, 9 & 10

Course Contents Overview
Contents 4 Equity Revenue a. Revenue recognition principles & criteria b. Customer loyalty programs c. Construction vs. real estate development Expenses a. Expense recognition principles b. Share-based payments transactions & employee stock options c. Employee benefits Seminar # 16

2

5

17 18 19 & 20

3

11 & 12 13, 14 & 15

6

21 21, 22 & 23 23

3

4

Assessment Components
Components 1 2 3 4 Seminar participation Group project presentation Term quiz Final exam Total Weighs 15 15 20 50 100 Individual Group (contents: 50%) & individual (presentation 50%) Individual Individual Basis

Seminar Participation: Expectations
(Project Discovery) Pedagogy • Students take active responsibility for their learning • Instructor plays a facilitating role
A. Pre-seminar 1. Complete ALL assigned readings in seminar outline 2. Attempt ALL assigned questions in seminar outline B. During seminar 1. Clicker questions 2. Voluntary participation 3. Cold calls C. Post-seminar 1. Review seminar slides & discussions 2. Review/complete assigned questions (attempt past year exam

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