This document provides information about a 5-credit hour module on basic accounting taught over 18 weeks. The module aims to develop students' understanding of accounting concepts, financial reporting, bookkeeping, and analyzing business performance. It will be taught through lectures, tutorials, and self-study. Students will learn key accounting principles, prepare financial statements, and assess businesses using ratio analysis. Assessment includes coursework, presentations, and a final exam.
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• Real GDP growth slowed down due to problems with access to electricity caused by the destruction of manoeuvrable electricity generation by Russian drones and missiles.
• Exports and imports continued growing due to better logistics through the Ukrainian sea corridor and road. Polish farmers and drivers stopped blocking borders at the end of April.
• In April, both the Tax and Customs Services over-executed the revenue plan. Moreover, the NBU transferred twice the planned profit to the budget.
• The European side approved the Ukraine Plan, which the government adopted to determine indicators for the Ukraine Facility. That approval will allow Ukraine to receive a EUR 1.9 bn loan from the EU in May. At the same time, the EU provided Ukraine with a EUR 1.5 bn loan in April, as the government fulfilled five indicators under the Ukraine Plan.
• The USA has finally approved an aid package for Ukraine, which includes USD 7.8 bn of budget support; however, the conditions and timing of the assistance are still unknown.
• As in March, annual consumer inflation amounted to 3.2% yoy in April.
• At the April monetary policy meeting, the NBU again reduced the key policy rate from 14.5% to 13.5% per annum.
• Over the past four weeks, the hryvnia exchange rate has stabilized in the UAH 39-40 per USD range.
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We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
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What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
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Who is a pi merchant?
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This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
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@Pi_vendor_247
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
1. SCHOOL OF ARCHITECTURE, BUILDING & DESIGN
Centre for Modern Architecture Studies in Southeast Asia (MASSA)
___________________________________________________________________
Foundation in Natural and Built Environments
Module: Basic Accounting (ACC30205/FNBE0145)
Prerequisite: None
Credit hours: 5
Instructor: Tay Shir Men (shirmen.tay@taylors.edu.my)
Module Synopsis
The module is aimed at developing a student’s understanding in the nature and purpose of accounting, the
role of accounting information in decisions-making by external user (shareholders, bankers and the like),
and basic accounting concepts. Specifically, it explores topics like accounting reports (e.g. balance sheet
and income statement), double-entry recording, trial balances, balance day adjustments, depreciation
methods, cost-benefit analysis and financial ratio analysis.
Module Teaching Objectives
The teaching objectives of the module are:
1. To understand the main theories and concepts of accounting.
2. To understand and apply the methods involved in bookkeeping, preparing accounting reports (e.g.
statement of income, statement of financial position) and making business decisions.
3. To understand and apply the methods of analyzing a business’ performance.
Module Learning Outcomes
Upon successful completion of the module, students will be able to:
1. Identify and explain the key accounting principles/concepts used by accountants and businesspeople.
2. Identify, explain and compare the different types of business ownership (e.g. sole trader, partnership,
company).
3. Identify and record business/financial transactions in the ledger accounts and summarize those recorded
information at the end of an accounting period.
4. Construct accounting reports (e.g. income statement, balance sheet, etc.) by using to the information in
the ledger accounts.
5. Assess the performance of a business (in terms of profitability and financial stability) by applying financial
ratio analysis.
6. Make appropriate business decisions with reference to various accounting information and tools.
Modes of Delivery
This is a 5 credit hour module conducted over a period of 18 weeks. The modes of delivery will be in the
form of lectures, tutorials, and self-directed study. The breakdown of the contact hours for the module is as
follows:
Lecture: 2 hours/week
Tutorial: 2 hours/week
Self-study: 7 hours/week
Basic Accounting (ACC30205): September 2015 1 | P a g e
2. Office Hours
You are encouraged to visit the instructor/lecturer/tutor concerned for assistance during office hours. If the
office hours do not meet your schedule, notify the instructor and set appointment times as needed.
TIMeS
TIMeS will be used as a communication tool and information portal for students to access module materials,
project briefs, assignments and announcements
Basic Accounting (ACC30205): September 2015 2 | P a g e
3. Taylor’s Graduate Capabilities(TGC)
The teaching and learning approach at Taylor’s University is focused on developing the Taylor’s Graduate
Capabilities in its students; capabilities that encompass the knowledge, cognitive capabilities and soft skills
of our graduates.
Basic Accounting (ACC30205): September 2015 3 | P a g e
Discipline Specific Knowledge
TGCs Acquired
Through Module
Learning Outcomes
1.0 Discipline Specific Knowledge
1.1 Able to put theories into practice. 3,4,5,6
1.2 Understand ethical issues in the context of the field of studies. -
1.3 Understand professional practice within the field of studies. -
Cognitive Capabilities
2.0 Lifelong Learning
2.1 Learn independently. -
2.2 Locate, extract, synthesise and utilise information effectively. -
2.3 Be intellectually engaged. -
3.0 Thinking and Problem Solving Skills
3.1 Think critically and creatively. 3, 4
3.2 Define and analyse problems to arrive at effective solutions. 5, 6
Soft Skills
4.0 Communication Skills
4.1 Communicate appropriately in various setting and modes. 5, 6
5.0 Interpersonal Skills
5.1 Understand team dynamics and mobilise the power of teams. -
5.2 Understand and assume leadership. -
6.0 Intrapersonal Skills
6.1 Manage one self and be self-reliant. -
6.2 Reflect on one’s actions and learning. -
6.3 Embody Taylor's core values. -
7.0 Citizenship and Global Perspectives
7.1 Be aware and form opinions from diverse perspectives. -
7.2 Understand the value of civic responsibility and community engagement. -
8.0 Digital Literacy
8.1
Effective use of information and communication (ICT) and related
technologies.
-
4. General Rules and Regulations
Late Submission Penalty
The School imposes a late submission penalty for work submitted late without a valid reason e.g. a medical
certificate. Any work submitted after the deadline (which may have been extended) shall
have the percentage grade assigned to the work on face value reduced by 10% for the first
day and 5% for each subsequent day late. A weekend counts as 1 day.
Individual members of staff shall be permitted to grant extensions for assessed work that they have set if
they are satisfied that a student has given good reasons.
Absenteeism at intermediate or final presentations will result in zero mark for that presentation.
The Board of Examiners may overrule any penalty imposed and allow the actual mark achieved to be used
if the late submission was for a good reason.
Attendance, Participation and Submission of Assessment Components
Attendance is compulsory. Any student who arrives late after the first half-hour of class will be considered as
absent. A minimum of 80% attendance is required to pass the module and/or be eligible for the final
examination. You are expected to attend and participate actively in class. The lectures and tutorials will
assist you in expanding your ideas and your research progression.
Students will be assessed based on their performance throughout the semester. Students are expected to
attend and participate actively in class. Class participation is an important component of every module.
Students must attempt all assessment components including Portfolio. Failure to attempt assessment
components worth 20% or more, the student would be required to resubmit or resit an assessment
component, even though the student has achieved more than 50% in the overall assessment. Failure to
attempt all assessment components, including final exam and final presentation, will result in failing the
module irrespective of the marks earned, even though the student has achieved more than 50% in the
overall assessment.
Plagiarism (Excerpt from Taylor’s University Student Handbook 2013, page 59)
Plagiarism, which is an attempt to present another person’s work as your own by not acknowledging the
source, is a serious case of misconduct which is deemed unacceptable by the University. "Work" includes
written materials such as books, journals and magazine articles or other papers and also includes films and
computer programs. The two most common types of plagiarism are from published materials and other
students’ works
a. Published Materials
In general, whenever anything from someone else’s work is used, whether it is an idea, an opinion or the
results of a study or review, a standard system of referencing should be used. Examples of plagiarism may
include a sentence or two, or a table or a diagram from a book or an article used without acknowledgement.
Serious cases of plagiarism can be seen in cases where the entire paper presented by the student is copied
from another book, with an addition of only a sentence or two by the student. While the former can be
treated as a simple failure to cite references, the latter is likely to be viewed as cheating in an examination.
Though most assignments require the need for reference to other peoples’ works, in order to avoid
plagiarism, students should keep a detailed record of the sources of ideas and findings and ensure that
these sources are clearly quoted in their assignment. Note that plagiarism refers to materials obtained from
the Internet too.
b. Other Students’ Work
Circulating relevant articles and discussing ideas before writing an assignment is a common practice.
However, with the exception of group assignments, students should write their own papers. Plagiarising the
work of other students into assignments includes using identical or very similar sentences, paragraphs or
Basic Accounting (ACC30205): September 2015 4 | P a g e
5. sections. When two students submit papers which are very similar in tone and content, both are likely to be
penalized.
Student Participation
Your participation in the module is encouraged. You have the opportunity to participate in the following
ways:
Your ideas and questions are welcomed, valued and encouraged.
Your input is sought to understand your perspectives, ideas and needs in planning subject revision.
You have opportunities to give feedback and issues will be addressed in response to that
feedback.
Do reflect on your performance in Portfolios.
Student evaluation on your views and experiences about the module are actively sought and used
as an integral part of improvement in teaching and continuous improvement.
Student-centered Learning (SCL)
The module uses the Student-centered Learning (SCL) approach. Utilization of SCL embodies most of the
principles known to improve learning and to encourage student’s participation. SCL requires students to be
active, responsible participants in their own learning and instructors are to facilitate the learning process.
Various teaching and learning strategies such as experiential learning, problem-based learning, site visits,
group discussions, presentations, working in group and etc. can be employed to facilitate the learning
process. In SCL, students are expected to be:
active in their own learning
self-directed to be responsible to enhance their learning abilities
able to cultivate skills that are useful in today’s workplace
active knowledge seekers
active players in a teamwork
Types of Assessment and Feedback
You will be graded in the form of formative and summative assessments. Formative assessments will
provide information to guide you in the research process. This form of assessment involves participation in
discussions and feedback sessions. Summative assessment will inform you about the level of
understanding and performance capabilities achieved at the end of the module.
Assessment Plan
Assessments Type Learning
outcomes
Submission Presentation Assessment
Weightage
Class Test Individual 1, 3, 4 Week 7 - 20%
Assignment Group
5, 6
Week 15 - 30%
Final
Examination
Individual
2, 4, 5
Exam Week - 40%
E-Portfolio Individual All Week 18 - 10%
TOTAL 100%
Basic Accounting (ACC30205): September 2015 5 | P a g e
6. Assessment Components
1. Assignment – (Group)
The aim of this group assignment is to develop the students’ ability in analyzing the financial performance of
a public company over a period of time (say, 2 years). Once they have completed the analysis, the students
have to provide a verdict regarding the soundness of the business (in both profitability and financial stability
terms).
2. Class Test - (Individual)
This mainly consists of multiple-choice, subjective as well as problem questions (where recall, analysis and
application of concepts are essential to answering the questions competently).
3. Final Exam - (Individual)
The final exam paper consists of multiple-choice, subjective as well as problem questions (where recall,
analysis and application of concepts are essential to answering the questions competently).
4. Taylor’s Graduate Capabilities Portfolio (Online Portfolio) – (Individual)
Each student is to develop an e-Portfolio, a web-based portfolio in the form of a personal academic blog.
The e-Portfolio is developed progressively for all modules taken throughout Semesters 1 and 2, and MUST
PASS THIS COMPONENT. The portfolio must encapsulate the acquisition of Module Learning Outcome,
Programme Learning Outcomes and Taylor’s Graduate Capabilities, and showcases the distinctiveness and
identity of the student as a graduate of the programme. Submission of the E-Portfolio is COMPULSARY.
Basic Accounting (ACC30205): September 2015 6 | P a g e
7. Marks and Grading Table
Assessments and grades will be returned within 2 weeks of your submission. You will be given the grades
and necessary feedback for each submission. The grading system is shown below:
Grade Marks
Grade
Points
Definition Description
A 80 – 100 4.00 Excellent
Evidence of original thinking; demonstrated outstanding
capacity to analyze and synthesize; outstanding grasp of
module matter; evidence of extensive knowledge base
A- 75 – 79 3.67 Very Good
Evidence of good grasp of module matter; critical capacity
and analytical ability; understanding of relevant issues;
evidence of familiarity with the literature
B+ 70 – 74 3.33
Good
Evidence of grasp of module; critical capacity and analytical
ability, reasonable understanding of relevant issues;
evidence of familiarity with the literatureB 65 – 69 3.00
B- 60 – 64 2.67
Pass
Evidence of some understanding of the module matter;
ability to develop solutions to simple problems; benefitting
from his/her university experience
C+ 55 – 59 2.33
C 50 – 54 2.00
D+ 47 – 49 1.67
Marginal
Fail
Evidence of minimally acceptable familiarity with module
matter, critical and analytical skills
D 44 – 46 1.33
D- 40 – 43 1.00
F 0 – 39 0.00 Fail
Insufficient evidence of understanding of the module matter;
weakness in critical and analytical skills; limited or irrelevant
use of the literature
WD - - Withdrawn
Withdrawn from a module before census date, typically mid
semester
F(W) 0 0.00 Fail Withdrawn after census date, typically mid semester
IN - - Incomplete
An interim notation given for a module where a student has
not completed certain requirements with valid reason or it is
not possible to finalise the grade by the published deadline
P - - Pass Given for satisfactory completion of practicum
AU - - Audit
Given for a module where attendance is for information only
without earning academic credit
Basic Accounting (ACC30205): September 2015 7 | P a g e
8. Weekly Module Schedule
Week/Date Topic
Lecture
Hour
Tutorial
Hour
Blended
Learning
Week 1 Topic 1: Introduction to Accounting
• Accounting & bookkeeping
• Users of accounting information
2 2 6
Week 2 Topic 1: Introduction to Accounting
• Accounting concepts and regulations 2 2 6
Week 3
Topic 2: Balance Sheet
• The Balance Sheet: Purpose & Construction
• Accounting Equation
2 2 6
Week 4 Topic 2: Profit & Loss Statement
• Profit & Loss Statement: Purpose &
Construction.
2 2 6
Week 5 Topic 2: Bookkeeping and Keeping it Right
• The double entry rules for Assets, Liabilities
& Owner’s Equity
• Balancing the Accounts
2 2 6
Week 6 Topic 2: Bookkeeping and Keeping it Right
• The double entry rules for Revenues and
Expenses
• Closing the Accounts
2 2 6
Week 7
Class Test 2 2
6
Class Test
DEEPAVALI BREAK (9th
-13th
NOVEMBER)
Week 8 Topic 2: Bookkeeping and Keeping it Right
• Trial Balance: Use and Limitations 2 2 6
Week 9 Topic 3: Balance Day Adjustments
• Overview 2 2 6
Week 10 Topic 3: Balance Day Adjustments
• Prepaid & Accrued Revenues 2 2 6
Week 11 Topic 3: Balance Day Adjustments
• Prepaid & Accrued Expenses 2 2 6
Week 12 Topic 3: Balance Day Adjustments
• Depreciation & its methods 2 2 6
Week 13 Topic 4: Cash Flows Statement
• Cash Flow Statement: Purpose &
Construction
2 2 6
Week 14 Topic 5: Interpretation of Accounts
• Financial ratios: application, interpretations
and limitations
2 2 6
Basic Accounting (ACC30205): September 2015 8 | P a g e
9. • Published company accounts and reports
Week 15
Submission of Assignment 2
2 6
Week 16 Topic 6: Decision Making
• Break-Even Analysis
• Other Business Decisions
2 2 6
Week 17 Topic 7: Forms of Business
• Characteristics of a Sole Trader
• Nature of Partnership, partnership
agreements and characteristics
2 2 6
Week 18 Topic 7: Forms of Business
• Types of companies, legal status of
companies, share capital
Submission of E-Portfolio
2 2
6
Digital
upload of
E-portfolio
Week 19
Study Leave
Note: The Module Schedule above is subject to change at short notice.
References
Main References : 1. Frank Wood and Alan Sangster, Business Accounting, 9th
Edition, Prentice Hall,
2002
2. Alan Millichamp, “Foundation Accounting”, 4th
Edition, DP Publications Ltd, 2003.
Additional
References :
1. Roy Dodge, “Foundations of Business Accounting”, 2nd
Edition, Cengage
Learning EMEA, 1997
Basic Accounting (ACC30205): September 2015 9 | P a g e
10. • Published company accounts and reports
Week 15
Submission of Assignment 2
2 6
Week 16 Topic 6: Decision Making
• Break-Even Analysis
• Other Business Decisions
2 2 6
Week 17 Topic 7: Forms of Business
• Characteristics of a Sole Trader
• Nature of Partnership, partnership
agreements and characteristics
2 2 6
Week 18 Topic 7: Forms of Business
• Types of companies, legal status of
companies, share capital
Submission of E-Portfolio
2 2
6
Digital
upload of
E-portfolio
Week 19
Study Leave
Note: The Module Schedule above is subject to change at short notice.
References
Main References : 1. Frank Wood and Alan Sangster, Business Accounting, 9th
Edition, Prentice Hall,
2002
2. Alan Millichamp, “Foundation Accounting”, 4th
Edition, DP Publications Ltd, 2003.
Additional
References :
1. Roy Dodge, “Foundations of Business Accounting”, 2nd
Edition, Cengage
Learning EMEA, 1997
Basic Accounting (ACC30205): September 2015 9 | P a g e