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Centre for Tourism, Hospitality and Culinary Management

Programme: Diploma in Hotel Management / Diploma in Tourism Management / Diploma in Events Management / Diploma in Culinary Management

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Scheme of work
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Subject: Principles of Accounting (DAC 2014)

August – December 2013

Elearn Password: DAC2014
Turnitin ID: 5710730
Turnitin Password: DAC2014

Lecturer: Mr Peter Pang
Consultation Hours:
(My time table will be on Elearn)
E-mail: [email protected]
Tel No: 03 7491 8622 ext 8534

SUBJECT DESCRIPTION

Subject
Principles of Accounting
Subject Code
DAC 1014
Credit Hours
4
Intake

Mode of Assessment
Examination 50% •There will be ONE Final Examination and it will cover ALL topics.

The examination will last for 2 hours.

Coursework
•Progress Test 20% Project 30% 50% Total 100%

Objective
The objective of this module is to introduce a student to accounting, the terms and processes of financial data recording and presentation, and the use of management accounting for planning, control and decisions. Synopsis

An enterprise would need to keep records of its financial transactions and to report on its financial status and performance. This subject covers basic accounting techniques and management accounting principles.

Learning Outcomes

Upon completion of the course, students should be able to:
SLO1 Able to prepare financial records
SLO2 Able to interpret financial statements
SLO3 Able to apply financial information and techniques in managing a business

Main Text
Williams, Halka, Bettner and Carcello (2012). Financial & Managerial Accounting: The basis for business decisions, 16th Edn, McGraw Hill, New York. THOL call no. HF5636 F49 2012 c.1

Primary Reference Text
Wood F. Sangster A., (2012). Business Accounting 1. 12th Edn., Harlow : FT/Prentice Hall Edmonds, Edmonds, Tsay, Olds (2012) Fundamental Managerial Accounting Concepts, 7th Edn McGraw Hill. New York. Lecture handouts can be downloaded from the BLACKBOARD website (http://elearn.sunway.edu.my).

WEEKLY CLASS ACTIVITIES AND DEADLINES

Week
Topic / Area / Activity
Remarks
1
Week
Introduction to accounting
Definition of Accounting
The Accounting System
Accounting Information
Accounting Fundamentals
Accounting Concept: The Accounting Equation
The effects of business transactions
Financial Statements

References/Readings
Williams, Chap 1, 2

2
Week

Accounting Cycle
Journals, Ledgers and Accounts
Double entry and balancing off accounts
Accruals and Deferments

References/Readings
Williams, Chap 3, 4

3
Week

Reporting Financial Information
Balance Sheets and Income Statements
Revenue and Expenses
Assets and Liabilities
The Purchase and Sale of Goods

References/Readings
Williams, Chap 5, 6

4
Week

Assets
Current Assets, Cash, AR, Market Securities
Inventory, FIFO, LIFO, AVCO
Fixed Assets, Depreciation

References/Readings
Williams, Chap 7,8,9

5
Week

Liabilities
Capital
Profit

References/Readings
Williams, Chap 10, 11, 12

6
Week

Financial Statement Analysis
Horizontal, Vertical analysis
Liquidity, Solvency, Performance, Equity analysis

References/Readings
Williams, Chap 14

7
Week

Progress Test (20%)
Review of progress test paper

Catch up BREAK
14/10 – 18/10

8
Week

Management Accounting
Product and Period Costs
References/Readings
Williams, Chap 15, 16

Progress Test (20%)
17 October
2.30pm
9
Week

Costing Systems
Job Order Systems
Activity Based Costing
Process Costing
Quality

References/Readings
Williams, Chap 17, 18, 19

10
Week

Cost – Volume – Profit Analysis
Activity Based Management
Total Quality Management

References/Readings
Williams, Chap 19

Project submission (30%)
28 October
11
Week

Cost – Volume – Profit Analysis
Fixed, Variable and Semi Variable Cost
Contribution, Break Even, Margin of Safety

References/Readings
Williams, Chap 20

12
Week

Budgeting
Operational Budgets

References/Readings
Williams, Chap 22

13
Week

Budgeting
Flexible Budgets

References/Readings
Williams, Chap 23

14
Week

Revision

Final Examination

Group Project (30 marks)
Project brief

Form a group of 3 members. Register the group members on elearn. Get a copy of the latest annual report of a Malaysian hospitality company listed on the Kuala Lumpur Stock Exchange (KLSE – Bursa Malaysia).

Submit the name of the company chosen to the elearn discussion area as soon as possible. Students are not allowed to have the same company. Approval of companies chosen will be on first come first serve basis.

A softcopy of your project, the complete and latest Published Annual Report and news articles must be submitted in soft copy in a CD. In addition the Balance Sheet must be printed and attached to the printed copy of your report.

Submit report to Turnitin to check for plagiarism and attached a printout out the turnitin report in the appendix.

Required
Using primarily the Balance Sheet of the company, your group is required to advise investors on the viability of investing in a public listed company based on the financial status of the company.

Your report should contain the following sections:

Part A – Methodology
This will describe the methods employed in providing the financial advice to investors. Also the activities your group have undertaken to complete the project.

Part B – The Company
Description of the company, namely its core activities, its subsidiaries (if any) etc.

Part: C – Financial Analysis
Analyse the financial data provided by the Balance Sheet of the annual report and describe the company’s financial position. Justify your views by making appropriate ratio analysis and references to the financial figures.

Conclusion
In your conclusion you are to evaluate the company and advise potential investors of the company. Your advice should be supported by results of analysis done in part C. You should also consider external information like the economic environment, competitors etc.

Marks will be awarded as follows;
Contents
Marks
Format
Cover page
Contents page present
Pages numbered
Format, style and neatness
References (Harvard style)
Abbreviations list
Appendices (newspaper articles etc)
CD submitted
10
Part A – Methodology
This will describe the methods employed in providing the financial advice to
investors. Also the activities your group have undertaken to complete the project. The parameters of the project
Describe how this project will benefit you
10
Part B – Description of the company
Describe hospitality and explain whether your company is one (more marks will be awarded if the company is a hospitality company) Description of the company, namely its core activities, its subsidiaries (if any) etc. News articles

20
Part C – Analysis of Financial Position
Analyse the financial data provided by the Balance Sheet of the annual report and describe the company’s financial position. Justify your views by making appropriate ratio analysis and references to the financial figures in the annual report. Liquidity

Solvency
Equity
Performance
Trend
35
Conclusion
In your conclusion you are to evaluate the company and advise potential investors of the company. Your advice should be supported by results of analysis done in part C. You should also consider external information like the economic environment, competitors etc. Concluded

Conclusions supported by calculations from part c
Conclusions supported by external information

25
SUB – TOTAL
100
Convert to 30%

30

Punctuality: Deadline to hand in: 28 October 5pm after which it will be considered as a day late.

Cousework submitted after the deadline but within 1 week will be accepted for a maximum mark of 40%. Work handed in following the extension of 1 week after the original deadline will be regarded as a non-submission and marked at zero. Work handed in following the extension of 1 week after the original deadline will be regarded as a non-submission and marked at zero. The complete and latest Published Annual Report and copy of your project must be submitted in soft copy in a CD. However the Income Statement must be printed and attached the printed copy of your report. Submit report to Turnitin to check for plagiarism.

Marking Criteria
Marks for coursework and exams will be giving based on the following criteria

CLASS I

A
a. Contains original perspectives or insights, argued logically.

b. Provides evidence of extensive reading of sources given by lecturer but extending the breadth of the lecture material.

c. Accurate and complete demonstrating understanding and depth and drawing upon extensive reading of the source of the lecture material. Well ordered, using good English, appropriate examples and plenty of illustrative data.

80-100%

70-79%

CLASS IIi

B
a. Shows understanding based on an ability to marshal information accurately and to support arguments with appropriate examples
b. While fairly comprehensive, contains a few omissions.

c. Good English

e. No evidence of extensive reading of sources given by the lecturer or extending the breadth of the lecture material.

65-69%

60-64%
CLASS IIii

C
a. Information presented clearly but based largely on lecture material but lacking any originality

b. occasionally lacking accuracy or with few appropriate examples.

55-59%

50-54%
CLASS III

D
a. Answer incomplete but demonstrates a basic grasp of main concepts to produce an answer which is usually relevant

b. but with frequent lapses of accuracy or logic

c. Examples inadequate. Presentation may be poor.

45-49%

40-44%

FAIL
a. Inadequate knowledge and understanding beyond a few key words or phrases relevant to the question. Contains major errors or omissions.

b. Very rudimentary knowledge of the subject area. Contains serious and fundamental errors.

c. Little hint of any knowledge. May be an answer to the “wrong” question.

d. No knowledge relevant to the question but the candidate has made some effort.

e. Nothing written.

30-39%

20-29%

10-19%

1-9%

0%

PLAGIARISM, SYNDICATION & CHEATING

Sunway University has strict rules to ensure that students’ work for assessment is actually the result of their individual effort, skills and knowledge and has not been produced by means that will give an unfair advantage over other students.

PLAGIARISM

Students must ensure that any work submitted for assessment is genuine and not plagiarized (borrowed or copied, without specific acknowledgement, or stolen from other published and unpublished work). If you are quoting actual words from a published source – or even from work or your own – you must acknowledge that fact each time you do it by using quotation marks and citing your source in the text of your coursework. There are correct academic conventions for how you should do this, which you must follow. It is not enough just to list sources in a bibliography at the end of your essay if you do not acknowledge the actual quotes in the text. Neither is it acceptable to change some of the words or the order of sentences if, by failing to acknowledge the source properly, you give the impression that it is your own work.

SYNDICATION

You must also take care that, unless you are specifically instructed that a piece of work for assessment is to be produced jointly with other students, the work you submit has been prepared by you alone. If you collude with other students to prepare a piece of work jointly, or copy each other’s work, and pass it off as an individual effort, it is syndication and against the University’s regulations. It is obviously unethical to copy another student’s work without his or her knowledge.

CHEATING

When you sit for examinations / tests, you must make sure that you bring to the examination hall only those materials that you are allowed to use for the examination. If you bring in any unauthorized materials, such as notes, you will be in breach of the University’s regulations. Plagiarism is regarded as cheating and bringing unauthorized materials into examination will leave you open to similar charge.

PENALTIES

These breaches of regulations are dealt with in the Student Handbook. If it is suspected that you are guilty of plagiarism or any other form of cheating you will be called to a disciplinary interview and may also have to appear before a Disciplinary Committee. If the allegation is proved, a penalty, such as the deduction of marks or failure of a subject or unit will be imposed. Severe penalties such as suspension or expulsion can be imposed in appropriate cases.

Cite this Scheme of work

Scheme of work. (2016, Nov 15). Retrieved from https://graduateway.com/scheme-of-work/

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