UNIVERSITI TUNKU ABDUL RAHMAN (UTAR)

FACULTY OF ACCOUNTANCY AND MANAGEMENT

Course Plan

1. Course Code UKAF2093 FINANCIAL REPORTING

&
Course Name:

2. Programme of Bachelor of Accounting (Honours)

Study:

3. Year of Study: Year Two

4. Year and 202006

trimester:

5. Credit Hours 3

6. Course Major
status/type

7. Lecturing 2 hours lecture per week and 1.5 hours tutorial for the duration of 14 weeks
Hours

8. Name(s) of Lead Lecturer:Puan Rozitaayu Zulkifli (email:-rozitaayu@utar.edu.my)

Academic Tutor(s): 1. Puan Rozitaayu Zulkifli
Staff: 2. Mr Kho Guan Khai (khogk@utar.edu.my)
3. Mr Yap Wai On ( yapwo@utar.edu.my)
4. Linda Azlinda binti Sahlan (linda@utar.edu.my)

9. Moderator: Ms Puvaneswari a/p Veloo (puvaneswari@utar.edu.my)

10. Mode of Lecture, tutorial, discussion, group project, student-centred learning – case
Delivery: studies

11. Course Upon completion of this course, the students should be able to:
Learning CLO 1 Explain the accounting treatments, reporting and disclosure
Outcome requirements for financial reporting purposes, elements, in compliance with
relevant MASB-prescribed accounting standards
CLO 2 Apply accounting principles, theory and concepts in preparing financial
reports for external users
CLO 3 Apply critical thinking skills when making judgment on accounting
treatments in areas where accounting standards are not explicitly applied or
stated, based on principle over form
12. References: Main Reference:
1 .Lazar, J. and Huang, C.C. (2014). Financial Reporting Standards for
Malaysia. Kuala Lumpur: McGraw Hill #
1. Lazar, J. (2018). Company and Group Financial Reporting. 9th edition.
Pearson Malaysia Sdn. Bhd.
2. Relevant Malaysian Financial Reporting Standards (MFRS) (download from
Course Plan of UKAF2093 Financial Reporting 1
 www.masb.org.my)

# This text book is compulsory as the lectures’ illustrations/cases and tutorials’

questions are substantially based on them.

Additional Reference:
3. Lam, N. and Lau, P. (2012). Intermediate Financial Reporting: An IFRS
Perspective 2nd Ed. Singapore: McGraw-Hill Education Asia
4. Picker, R., Leo, K., Loftus, J., Wise, V., Clark, K., and Alfredson, K. (2013).
Applying International Financial Reporting Standards. 3 rd Edition. China:
Wiley.
5. Relevant MFRS Standards and Extant Accounting Standards issued by IFRS
(www.ifrs.org) and adopted by MASB (www.masb.org.my).

13.

No CLO PLO Delivery C/A/P and Assessment

Methods Taxonomy Methods & Mark
Level Breakdown*

Assignment

Final exam
Test
CLO Lecture,
1 1 A3 20% 20% 15%
1 Tutorial

CLO Lecture,
2 2 C3 25%
2 Tutorial

CLO Lecture,
14. Assessment No. Method of Assessment Total
Methods: 1. Continuous assessment:
 Group assignment 20% 40%
 Mid-term examination 20%
2. Final Assessment 60%
TOTAL 100%
A combination of any of the following methods:
Lecture, tutorial, discussion and student-centered learning

1. Continuous assessment (40%)

a) Mid-term Test 20%
Test will be given to monitor students’ progress on the understanding of the
lectures. The duration of the test will be 1.5 hours on lectures 1 - 4 and will
be scheduled (proposed) in week 6 (24/7/2020).

b) Group Assignment 20%

Assignment question will be given in week 1. Submission of report will be
in week 7, Thursday (30/7/2020).

2. Final Assessment (60%)

Answer all questions (100%)- Open book/ Open-Ended Time-Restricted
Course Plan of UKAF2093 Financial Reporting 2
 Assessment.

Self-learning & Revision

It is essential that students invest sufficient time for self-learning and

revision to gain a good understanding of the accounting principles, theory
and concepts underlying the MFRSs in the syllabus.

A minimum of 3.5 hours per week is required to revise each lecture topic
and to attempt the tutorial questions prior to the tutorial class. This will
enable students to self-evaluate their progress and learning outcomes and to
clarify problems at an early stage with the tutor during tutorials.

ACADEMIC REGULATIONS

Attendance

Attendance at lectures and tutorials is compulsory. Students must at a

minimum achieve 80% per cent attendance overall for both lectures and
tutorials. Any absence from class must be supported either by a genuine
medical leave certificate or an approved leave certificate given by the
Faculty. Students whose absence level exceeds 20% per cent in this unit are
likely to be barred from taking the examination of the unit.

Plagiarism

Plagiarism is defined as the submission or presentation of work, in any

form, which is not one's own, without acknowledgment of the sources. If a
student obtains information or ideas from an outside source, that source
must be acknowledged. Another rule to follow is that any direct quotation
must be placed in quotation marks and the source immediately cited.

Plagiarism is also defined as copying of all or part of the work of another

student(s) of current or previous batch of this University or another higher
learning institution.

The University's degree and other academic awards are given in recognition
of the candidate's personal achievement. Plagiarism is therefore considered
as an act of academic fraudulence and an offence against the University
discipline.
Intellectual Property

Copyright must be seriously protected. The University takes a strong stand

against any illegal photocopying of textbooks and any other materials by
students. Students are forewarned of the consequences and the penalty that
may be meted out if they are "caught in the act".

Modes of Referencing
Students are advised to incorporate proper academic modes of referencing.
UTAR’s official mode of academic referencing is the American
Psychological Association (APA) system (6th Edition or later). Students
may refer to this website for information on APA referencing:
http://www.deakin.edu.au/current-students/study-support/study-
skills/handouts/referencing-apa.php .

Course Plan of UKAF2093 Financial Reporting 3

 Lecture, Tutorial & Assignment Plan

Legend Learning Levels (LL)

(Bloom’s Taxonomy)
1. Knowledge
2. Comprehensive
3. Application
4. Analysis
5. Synthesis
6. Evaluation
Week Lecture Topic Course Learning Tutorial Reference
Outcomes Topic/
Continuous
Assessment
1 MFRS 5 – Non-current Assets Introduction Lazar&Huang
Held for Sale and and Ch : 6
15/6/20- Discontinued Operations requirement of Lam & Lau Ch :
21/6/20  Requirements for the subject 22
classification, measurement
and presentation of non- MFRS 5
current assets held for sale Assignment
 Accounting treatment for CLO: 1 briefing
assets held for sale
 Incorporation the elements
of discontinued businesses
into financial statements.
 Accounting treatment
 Reporting and disclosure

2 MFRS 108 Accounting Tutorial 1 Lazar&Huang

22/6/20- Policies, Changes in Non-current Ch : 18
28/6/20 Accounting Estimates and Assets Held Lam & Lau Ch :
Errors (Part 1) for Sale and 20
Discontinued
 Definition of ‘accounting Operations MFRS 108
policy’
 Selection of accounting CLO: 1 Case study
policies by an entity
 Accounting treatment for a
change in accounting policy
 Disclosures required for a
change in accounting policy

3 MFRS 108 Accounting Tutorial 2 Lazar&Huang

29/6/20- Policies, Changes in Changes in Ch : 18
5/7/20 Accounting Estimates and Accounting Lam & Lau Ch :
Errors (Part 2) Policies 20

 Definition of ‘accounting Case study MFRS 108

estimate’
 Accounting treatment for a CLO: 1
change in accounting
estimate
 Definition of ‘prior period
error’
 Accounting treatment for
Course Plan of UKAF2093 Financial Reporting 4
 the correction of a prior
period error
 Disclosures required when a
prior period error is
corrected
4 MFRS123 – Borrowing Costs Tutorial 3 Lazar&Huang
6/7/20- Changes in Chapter 28
12/7/20  Definition of borrowing Accounting
costs CLO: 1 Policies (part
 Accounting treatment of 2)
borrowing cost and
disclosure requirement Case study
 Reporting and disclosure

MFRS 16 – Leases Tutorial 4 Lazar&Huang

5-6 Borrowing Ch : 23
13/7/20-  Classification of leases into Costs Lam & Lau
26/7/20 finance lease and other than Ch.4
finance leases Tutorial 5
 Classification of leases of Leasing – MFRS 16
land and building CLO: 2 MFRS 16
 Accounting treatments and
disclosures for lessors and
lessees
 Sale and leaseback
transactions
 Comparison with MFRS
117 (old leasing standard)
 Reporting and disclosure

MFRS 136 – Impairment of Lazar&Huang

7 Assets Tutorial 6 Ch : 37
Leasing Lam & Lau
27/7/20-  General approach in (part 2) Ch :8
2/8//20 assessing impairment Case study
 Indicators of impairment MFRS 136
 Measurement of recoverable
amount
 Measurement and CLO: 2
recognition of an
impairment loss
 Identification of a cash-
generating unit
 Accounting for reversal of
impairment losses
 Reporting and disclosure

Course Plan of UKAF2093 Financial Reporting 5

 8 MFRS 15 – Revenue from Tutorial 7 Lazar&Huang
3/8/20- contracts with customers Impairment of Ch :20/15
9/8/20 assets Lam & Lau
Ch :10
 Defintion of construction
Case study
contracts
MFRS 15
 Application of percentage of CLO: 3
completion method
 Recognition of contract
revenue, expenses and
expected losses
 Reporting and disclosure

9 MFRS 112 – Deferred Tax Lazar&Huang

10/8/20- (Part 1) Tutorial 8 Ch : 21
16/8/20 Deferred Lam & Lau
 Accounting of current tax Taxes (Part 1) Ch :13
liabilities and current tax
assets MFRS 112
 The concepts of tax base, CLO: 1
temporary differences and
deferred tax
 The scope of MFRS 112

10 MFRS 112 – Deferred Tax Tutorial 9 Lazar&Huang

(Part 2) Deferred Ch : 21/16
17/8/20- Taxes (Part 2) Lam & Lau
23/8/20  Full provision approach in Ch :13
recognition of deferred tax Case study
liabilities MFRS 112
 Recognition and CLO: 1
measurement of deferred tax
assets
 Presentation and disclosure
of income taxes

11 MFRS 201 – Property Tutorial 10

24/8/20- Development Activities Property
30/8/20 Development Lazar&Huang
 Definitions of property Activities Ch : 43/39
development
 Basis of allocation of MFRS 201
common costs to different
projects CLO: 3
 Computation percentage of
completion in recognition of
revenue and costs
 Reporting and disclosure

Course Plan of UKAF2093 Financial Reporting 6

 12 MFRS 132 Financial Tutorial 11 Lazar&Huang
31/8/20- Instruments: Presentation Classification Ch : 34
06/9/20 and
 Definition of financial presentation of MFRS 132
instruments CLO: 1 financial assets
 Classification of financial and financial
instruments liabilities
 Classification of compound Case study
financial instruments
 Accounting treatment of
interest, dividends, losses
and gains on equity
instrument and financial
liabilities

13 MFRS 9 Financial CLO: 1 Tutorial 12 Lazar&Huang

7/9/20- Instruments: Recognition and Initial Ch : 40
13/9/20 Measurement recognition
and MFRS 9
 Initial recognition of derecognition
financial assets and of financial Ch:8
financial liabilities assets and
 Derecognition of financial MFRS 7
financial assets and liabilities
financial liabilities Case study
 Reporting and
disclosure

14 Revision Tutorial 13
14/9/20- Financial
20/9/20 Instruments:
Recognition
and
Measurement

Course Plan of UKAF2093 Financial Reporting 7

This Course Plan is:
Prepared by: Moderated by: Approved by:

Rozitaayu Zulkifli ___________________

___________________ Ms.Shamini Kandasamy
____________________
Rozitaayu Zulkifli Head of Department
Puvaneswari a/p Veloo
Lead Lecturer
Date:11/6/20 Date: 11/6/20 Date:

Notes: The information provided in this Course Plan is subject to change by the Lecturer. Students
shall be notified in advance of any changes via WBLE.

Course Plan of UKAF2093 Financial Reporting 8