Aims and Fit of Module

This module provides students with a broad understanding of introductory financial accounting. It covers key accounting concepts such as the principles of double entry book keeping and the preparation of basic financial statements.

Learning outcomes

A Describe the nature and the purposes of financial accounting.

B Identify the advantages and disadvantages of each legal form of business.

C Explain the concepts and conventions underlying financial accounting.

D Apply the principles of double-entry bookkeeping to record business transactions

E Prepare basic financial statements for different types of entities.

F Apply financial analytical tools and knowledge in corporate governance & audit for informed decision-making.

Method of teaching and learning

Lectures will cover accounting principles and the preparation of financial statements.
Tutorials, on the other hand, will be used for practical application and group discussions. Interactive Communications Environment (ICE), XJTLU's virtual learning environment, will be used to distribute lecture materials and relevant contemporary and academic articles.