Instituto Salesiano Macau

2016-2017 Course Outline

 

Course Name

Accounting

Form

6A

 

Textbooks

1. Frank Wood’s-Principles of Accounts for HK, Volume 1, 6th Edition

2. Frank Wood’s-Principles of Accounts for HK, Volume 2, 6th Edition

 

Course Objectives

 

 

 

 

Cognitive

Domain

 

The Accounting course is separated into three sections. In Form 6A, we focus on the third section-Advanced Accounting.

Advanced Accounting contains practical works. It prepares pursuit students for life outside school in the business world.

The Advanced Accounting helps students’ ability to compile accounting reports in

accordance with IASs and to use them of rational decision making.

 

 

 

 

Affective

Domain

 

During the course, the primary focus will be on improving the students’ ability to demonstrate the application of numeracy skills in the context of businesss accounts and the literacy skills through description and explanation.

Students who follow this course will have an in-depth understanding of accounting and its applications, and will find the transition to the study of LCC Level 3 relatively easy to achieve.

 

 

 

 

Psychomotor

Domain

 

The Advanced Accounting syllabus is closely pegged with the international recognized examination bodies LCC, IGCSE and International Advanced Level (IAL) requirements. After this course, students can attempt external exams of Accounting such as LCC Level 3 and International Advanced Level. This course lays an appropriate foundation for the future study of business, economics and accounting related subjects in university and occupational qualification.

 

Course Outline

Term

Unit

Teaching Contents

Activities

 

 

 

 

 

 

 

 

 

 

1

 

 

 

 

 

 

 

 

Frank Wood’s

Vol 1 &

2-All

Chapters

 

The financial accounting:

Accounting concepts and framework

      -The financial accounting function

      -Types of business organisations

      -How financial statements meet the needs of different users

      -Introduction to ethical behavior in accounting practices

Recording financial transactions

     -Account for inventory

     -Account for tangible and intangible non-current assets.

     -Account for depreciation

Preparation of an extended trial balance

Preparation of financial statements

     -Partnerships

     -Limited liability companies

     -Accounting for groups of companies

Preparation of final accounts of Ltd Company in accordance with

International Accounting Standards (IASs)

Capital structure

Purchase or merge limited company

Cashflow Statement

 

 

 

 

 

 

 

Career talk:

 

Golden Oldies

 

Practical Office

 


 

 

 

 

 

 

 

 

 

2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Frank Wood’s Vol 2 & LCC notes

 

 

 

 

 

 

 

 

The financial accounting & management accounting:

Preparation of accounting from incomplete records for sole traders, partnerships and companies

Interpretation of financial statements

Budgetary control

Introduction to decision making

      Short term decision making

            -Absorption costing

            -Marginal costing

   Long term decision making

            -Payback period

            -Accounting rate of return

            -Net present value

 

 

 

 

 

 

 

Final accounts of organization: sole traders, partnerships, manufacturers, incomplete records and year-end adjustments.

 

 

 

Business Smart for Teens and Training course for LCCI examination.

 

 

 

 

 

 

 

Reference Books

1

Frank Wood's Business Accounting Vol 1, 11th Edition – Frank Wood and Alan Sangster

2

Frank Wood's Business Accounting Vol 2, 4th Edition – Frank Wood and Alan Sangster

 

Useful Links

Descriptions

Link

LCCI

www.lcci.co.uk

Edexcel

www.edexcel.org.uk