This course is introduced with the purpose for students with more advanced accounting knowledge after the Financial Accounting Fundamentals. It discusses on various framework to the relevance of accounting, advanced accounts such as partnership, manufacturing, company and related accounts.

 

Students will be doing company accounts and the financial statement will be prepared for internal and external purposes. For companies, the accounts will be prepared following the guidelines of the Malaysian Financial Reporting Standards (MFRS).

 

The students will be aware of the need to prepare statement of cash flow for companies. The significance of disclosure of MFRS 101, 107, 108 and 110 will be discussed as a way to enhance transparency and reduce biasness in preparing the companies’ financial reports.