THE CHINESE UNIVERSITY OF HONG KONG

School of Accountancy
ACCT 2111
Introductory Financial Accounting
Sections H
(First Term, 2016-2017)
INSTRUCTOR
Andy Y. Ng
Office:
Phone:
E-mail:
Blackboard:
Office hours:

Room 1036, 10/F, Cheng Yu Tung Building; 12 Chak Cheung Street

3943 7770
andyng@cuhk.edu.hk
http://elearn.cuhk.edu.hk
Regular office hours and by appointment

TEACHING ASSISTANT
Teresa Cheung
Office:
Room 1049, 10/F, Cheng Yu Tung Building; 12 Chak Cheung Street
Phone:
3943 7644
E-mail:
teresa@cuhk.edu.hk
Office hour:
Monday to Friday 9:00 am 5:30 pm
COURSE OBJECTIVE
This course is designed to provide students with a comprehensive understanding of financial accounting
principles, practices and its underlying theories. In this course, we will emphasize basic financial
accounting concepts and principles, and discuss how to measure a companys net income, assets, liabilities
and shareholders equity using the International Financial Reporting Standards (IFRS).
COURSE LEARNING OUTCOMES
After completing this course, students should be able to:
(1)
Understand the accounting concepts and procedures, and to apply them to the business world.
(2)
Apply analytical techniques to solving problems necessary to succeed in a business environment.
(3)
Learn the technology that allows them access numerous online materials relating the real world of
accounting and business.
(4)
Learn how to study and manage tasks that will help them acquire further knowledge on their own.
REQUIRED TEXTBOOK
Harrison, Horngren, Thomas, Suwardy. Financial Accounting: International Financial Reporting Standards,
9th Edition. ISBN-13 978-0-273-77780-9
COURSE ASSESSMENT
Course grade will be based on the following elements:
Uniform Final Exam
Mid-term Exam
Group Assignment/Project (Case)
Class Participation & Homework (individual)
Total

50%
30%
10%
10%
100%

FINAL EXAMINATION
A uniform closed-book comprehensive final examination will be given to all ACCT 2111 students at the
location and date assigned by the University. No individual make-up examination will be offered.
MID-TERM EXAMINATION
If a student is absent from the mid-term exam for a legitimate and adequately documented reason, the weight
of the missed mid-term exam will be reallocated to the final exam. There will be no individual make-up
exams in this course.
CLASS PARTICIPATIONS
Students are expected to attend classes regularly and participate discussion in the class.
HOMEWORK
Students are required to submit all assigned homework (in class mailbox on 2/F of CYT). Assignments are
due one week before 5:00 p.m. after the lecture of each chapter completed. Late homework will not be
accepted. Students can have access to the solution manual only after homework assignments have been
graded and returned.
GROUP ASSIGNMENT ANNUAL REPORT PROJECT
The objective of the group project is to help students pull together various accounting concepts learned in
this course and apply them to real-world business situations. Students will be organized in small groups of
around 5 students each (group member can be from either of my sections). Each group is required to
conduct online research for some selected publicly listed companies in Hong Kong or abroad. Students,
working together as a team, need to gather background information and the most recent annual reports from
the web sites of the selected companies. Students are required to work systematically through the annual
report to develop a critical analysis to assess the financial health of the selected companies. More
information will be provided after the mid-term exam.
SELF-STUDY
Accounting is a do-it-yourself course. Self-study is as important as lectures. The minimum required study
time outside the classroom is six hours each week. The best way for self-study is to focus on the textbook
and lecture notes. Careful reading and exercises are the only ways to understand the course material.
Students are encouraged to work on additional exercises and problems at the end of each chapter. Students
are strongly encouraged to visit our Teaching Assistant for further assistance, including access to solutions to
non-homework exercise questions.
Learning Activities
Lecture
(hr)
in / out class
3
0

Lab / tutorial
(hr)
in / out class
0
0

Project / Case
discussion (hr)
in / out class
0
1

Expected out-ofclass activities (hrs)

in / out class
0
6

POLICY ON SCHOLASTIC DISHONESTY

The Chinese University of Hong Kong places very high importance on honesty in academic work submitted
by students, and adopts a policy of zero tolerance on cheating and plagiarism. Any related offence will lead
to disciplinary action including termination of studies at the University. Attention is drawn to University
policy and regulations on honesty in academic work, and to the disciplinary guidelines and procedures
applicable to breaches of such policy and regulations. See http://www.cuhk.edu.hk/policy/academichonesty/
for details.
Please include the signed declaration of originality on case submitted (section 10).

ACCT 2111 Section H (1st Term 2016-2017)

Class Time: Friday: 9:00 a.m. - 11:15 a.m.
Tentative Class Schedule
Meetings

Venue: AIT G01

Topics

Assignments

1
(09 Sep)

Introduction and Financial Statements

Ch. 01

E1-19A; E1-36B
(not for submission)

2
(23 Sep)

Recording Business Transactions

Ch. 02

P2-65A

3
(30 Sep)

Accrual Accounting
(Updated revenue recognition principles will be
discussed in class)
Internal Control, Cash, and Receivables

Ch. 03

E3-21A; E3-35B

Ch. 05

E5-21A; E5-29A

4
(07 Oct)

(Excl.: Fraud and Internal control p.271-287)

5
(14 Oct)

Inventory and Merchandizing Operations

Ch. 06

E6-30B; E6-33B

6
(21 Oct)

PPE and Intangibles

Ch. 07

E7-16A; E7-26A
(submit on 28 Oct)

7
(26 Oct)

Mid-term Exam (Ch.1, 2, 3, 5 & 6).

Common for 3 sections at 7:00 p.m., 2 hrs.

8
(28 Oct)

Liabilities
(Excl.: Bonds p.551-564 top; Capital leases p.566-568 top)
(Updated Lease accounting rules will be discussed in
class.)
Shareholders' Equity

Ch.09

E9-16A; E9-20A

Ch. 10

S10-12; E10-46B

10
(11 Nov)

The Statements of Cash Flows

Ch. 11

E11-25A; E11-27B

11
(18 Nov)

Financial Statement Analysis

Ch.12

Work on Case

12
(25 Nov)

Revision and Wrap up (All chapters)

13
(02 Dec)

Reserved

9
(04 Nov)

* Group Assignment due on or before December 02 Friday, before 5:00 pm.

CYT LT1