Accounting Recognition Measurement

AY2019/2020 Semester 1

This course equips students with a strong conceptual and technical knowledge of the recognition and measurement of various financial statements elements. The course begins with a discussion of general recognition and measurement issues and concepts, various income concepts, market efficiency perspectives and capital maintenance concepts. The course proceeds with critical examination of specific recognition and measurement issues and authoritative pronouncements related to various elements of the financial statements. The course concludes with a discussion of the gaps in GAAP. This course also emphasizes skills and attitudes that are essential as accounting professionals. This course reinforces students' skills of inquiry, research, problem-solving, analytical and critical thinking, team work, communication and presentation. Important attitudes and values that this course aims to develop in students include professional and social awareness and responsibilities, receptiveness to differing views, and a passion for proactive self-learning.