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Programme Core Courses

CIA1002 FOUNDATIONS IN FINANCIAL ACCOUNTING AND REPORTING 3 Credits

Synopsis:
This course discusses the development in IASB and MASB in a snapshot. The students are introduced to
relevant IFRSs and MFRS. The rationale for conceptual framework and identification of elements and
components of financial statements will also be discussed, which is consistent with the teaching pedagogy that
is based on the conceptual framework. Other topics like accounting for non-current assets (property, plant and
equipment – PPE), intangible asset, current assets (inventory, cash and account receivables), current liability,
provisions and contingent liability, equity for the shareholders and retained earnings. In addition, one of the
topics discussed includes a topic on financial statement analysis which incorporates financial ratios
interpretation.
Course Pre-requisite(s) : None
Assessment Methods : Continuous Assessment: 40%, Final Examination: 60%

CIA1003 INTERMEDIATE FINANCIAL ACCOUNTING & REPORTING 3 Credits
Synopsis:

This course reinforces basic accounting knowledge and further exposes students to more elements of financial
statements. The course covers topics such as: revenue; property, plant and equipment; intangible assets; debt and
equity financing; events after the reporting period; changes in accounting policies and estimates and correction of
errors.
Course Pre-requisite(s) : None
Assessment Methods : Continuous Assessment: 40%, Final Examination: 60%

CIA1004 COST ACCOUNTING 3 Credits

Synopsis:
This course introduces the basic concepts, terminologies, and principles and methods of cost accounting at the
operational level. Topics include the fundamental elements of costs, cost accumulation techniques, and various
costing methods. The main emphasis is on determining the cost of products produced and services rendered.

Course Pre-requisite(s) : None
Assessment Methods : Continuous Assessment: 40%, Final Examination: 60%

CIA2001 ADVANCED FINANCIAL ACCOUNTING AND REPORTING 3 Credits
Synopsis:

This course provides continuity from the pre-requisite course by exposing students to a more advanced level of
examining specific items in the financial statements. Overall, the course covers topics such as: leases, deferred
tax, fair value measurement, and ethics.
Course Pre-requisite(s) : Pass CIA1002 Foundations in Financial Accounting and Reporting

Assessment Methods : Continuous Assessment: 40%, Final Examination : 60%