PowerPoint Demo & Class Practice

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1 Wah Yan College Kowloon F.5K BAFS Scheme of Work ( ) Reference 1. NSS BAFS Frank Wood s Financial Accounting 1 (Elective) 2. NSS BAFS Frank Wood s Financial Accounting 2 (Elective) 3. New Horizon BAFS Financial Accounting 1 (Elective) 4. New Horizon BAFS Financial Accounting 2 (Elective) Other Resources DSE HKICPA BAFS Past Papers HKCE Principles of Accounts Commerce Past Papers HKAL Principles of Accounts Past Papers HKIAAT LCCI Past Papers Repertoire of Skills: 1. reading to learn, 2. notes-taking, 3. looking up words in the dictionary, 4. pre-lesson preparation, 5. group discussion, 6. group presentation, 7. initiative to ask questions, 8. setting learning objectives doing reflection, 9. e platform with instant feedback, 10. flipped classroom,. peer assessment, 12. searching for information on the internet, 13. project learning, 14. training of higher-order thinking skills, etc. SL: Scheduled number of lessons AL: Actual number of lessons School First (3/9/ /12/2017, 1-17) 1 3 Cash accrual accounting Adjustments for accrued prepaid expenses Objectives/ Differentiating between cash accounting accrual accounting Making adjusting Teaching Adjustments for accrued reversing entries for unearned income accrued prepaid expenses Making adjusting reversing entries for accrued prepaid

2 Objectives/ Teaching income 3 Capital Revenue Distinguishing between 2 Presentation of 1, 2, 7 expenditure capital revenue expenditure Class 4 6 Accounting for Stating meaning 10 Presentation of depreciation of objectives of providing non-current assets depreciation Comparing the commonly used methods of depreciation Explaining the effect of depreciation charge (including disposal) on profits Recording disposals of non-current assets 7 Bad debts Bad debts Recording bad debts recovered bad debts recovered in ledger accounts 8 9 Allowance for bad debts Distinguishing between 6 Presentation of bad debts allowance for doubtful accounts

3 Second (31/12/ /7/2018, 18-46) 9 Ageing schedule of outsting debts 10 Preparing financial statements with period-end adjustments Functions of bank reconciliation statement 12 Preparation of bank reconciliation statement Objectives/ Interpreting an ageing schedule of debtors Calculating net profit net loss by making appropriate period-end adjustments Explaining the functions of a bank reconciliation statement Identifying the reasons for the discrepancies between cash book bank statement balances Preparing bank reconciliation statement Teaching 2 Presentation of Class Class 1, 2, 7 1, 2, 7 13 Revision 4 Class 7 18 Discussion of marked scripts of mid-term examination Errors not affecting trial balance Identifying the types of accounting errors their effects on 2 Discussion 7

4 Objectives/ Teaching accounting records Preparing the necessary correcting entries Errors affecting trial Identifying the types of 6 Presentation of balance suspense errors their effects account on accounting records Preparing the suspense account correcting entries Profit Loss Preparing the 6 Presentation of appropriation account appropriation account current accounts for current accounts partnership Goodwill factors Defining goodwill affecting its value Explaining factors Revaluation affecting valuation of adjustments for change goodwill in partnership Preparing the necessary adjustments to partners capital accounts arising from changes in profit loss sharing ratio, admission retirement of partners

5 Objectives/ Teaching 28 Partnership dissolution Preparing realization account the necessary accounting entries required in dissolution Accounting for limited Explaining the nature of company share capital, debentures, reserve provision Preparing journal ledger entries relating to the issue of ordinary shares debentures fully paid on application Preparing the profit loss appropriation account Calculating the balance of retained profits 34 Financial analysis Calculating ratios Commenting on a company s profitability, Class

6 Objectives/ Teaching liquidity, solvency, management efficiency return on investment Explaining the functions limitations of accounting ratios in financial analysis Incomplete records Determining profits or 12 Presentation of losses from statement of affairs Calculating the cash inventory value from incomplete records Preparing income statement statement of financial position from incomplete records Revision 4 Class 7 * The extended parts should be marked with asterisks. These parts should be more challenging can be covered when the students can master the knowledge, skills values covered in the conventional topics. Check the appropriate box with a if Education can be promoted when covering a particular topic.

7 # Core Values of Wah Yan College, Kowloon I. Love care 1. Accept feel positive about himself 2. Appreciation Gratitude 3. Empathy Compassion. Strive for 7. Reflective excellence 8. Commitment 9. Perseverance I. Respect 12. Life is valuable respectable Justice 13. Openness to good in all things 14. Respect for himself others IV. Responsibility 17. Freedom Self-discipline 18. Care for the environment V. Faith 20. Experience of God 21. Explore practise one's faith 4. Forgiveness Reconciliation 5. Service 6. Family as a basic unit of society; marriage is the foundation of a family 10. Curiosity willingness to learn. Value imagination creativity 15. Integrity 16. Faithfulness 19. Social Identities: citizen identity, national identity global citizen identity 22. Appreciate religious liturgies