Accounting and Finance Management


Course Name

Accounting and Finance Management

Course Code

PD-AF – G1

Number of Contact Hours

45 hours

Credit Hours

3 Credit Hour

Duration and Frequency

  • 15 sessions 
  • Each session = 3 hours
  • Frequency: daily Monday to Friday

      –     Duration: 3 weeks

Mode of Delivery 

  • Online/On Campus/ Hybrid 


Professional Development – 

G – Accounting and Finance 


This course was designed to allow students opportunities to understand the subject matter, theoretical foundations, issues and research frameworks in carrying out studies in accounting and finance. Topics discussed will cover both financial and accounting management principles in depth.



The objectives of this subject are to help students to understand:

  1. Apply conceptual principles when selecting appropriate accounting policies.
  2. Demonstrate the ability to assess a situation, identify issues and alternatives, and provide a recommendation using advanced accounting knowledge and ethical professional judgment.
  3. Classify and account for various financial instruments using International Financial Accounting Standards.
  4. Explain the concept of business combinations and the main theories and methods of accounting for business combinations.
  5. Prepare consolidated financial statements at acquisition and in subsequent years for both fully owned and partially owned subsidiaries



On completion of this subject, students are expected to be able to:


  1. Explain the rationale, discuss the usage and carry out basic computational exercise for each of the topics covered.
  2. Explain the underlying assumptions and limitations in the use of theories and approaches in the research of accounting and finance issues. 
  3. Adopt and use relevant theory, approach, methodology and analytical technique carry out an accounting or finance research, analyze the data and evaluate and synthesis the results obtained to explain the phenomenon being studied or the issue being discussed.


Course Outline:

Topic 1: The Financial Reporting Environment

Topic 2: The Theory Underlying Financial Reporting

Topic 3: Judgement and Applied Financial Accounting Research

Topic 4: Review of the Accounting Cycle

Topic 5: Statements of Net Income and Comprehensive Income

Topic 6: Statements of Financial Position and cash Flows and the Annual Report

Topic 7: Accounting and the Time Value of Money

Topic 8: Revenue Recognition

Topic 9: Cash and Receivables

Topic 10: Short-Term Operating Assets – Inventory 

Topic 11: Acquisition, Cost Allocation, and Derecognition of Long-term Operating Assets

Topic 12: Departures from Historical Cost of Long-term Operating Assets

Topic 13: Operating Liabilities and Contingencies

Topic 14: Financing Liabilities

Topic 15: Accounting for Stockholders’ Equity

Topic 16: Investing Assets

Topic 17: Accounting for Income Taxes

Topic 18: Accounting for Leases

Topic 19: Accounting for Employee Compensation and Benefits

Topic 20: Earnings Per Share

Topic 21: Accounting Changes and Errors

Topic 22: The Statement of Cash Flows Revisited

Course Textbook

Financial Accounting, 12th Edition

  1. William Thomas, Baylor University

Wendy M. Tietz, Kent State University

Walter T. Harrison, Jr., Baylor University


Feedback Given to Participants in Response to Assessed Work 

  • Individual written feedback on coursework
  • Feedback discussed as part of a tutorial
  • Individual feedback on request
  • Model answers 


Developmental Feedback Generated Through Teaching Activities

  • Feedback is given at presentations and during tutorial sessions
  • Dialogue between participants and staff in tutorials and lectures



The course grade will be based on a final project presented by the participant and graded by the instructor. Participants much achieve a passing grade of 70% or more to be awarded a certificate of completion of the course.