This course aims to provide students with a detailed discussion of the conceptual framework of financial accounting. On the basis of this conceptual framework, this course also examines the principles and problems of valuation of the individual items of assets, liabilities, and capital. This course then investigates the impact of this valuation on the determination of cost and revenue. As a whole, this course will provide students with an understanding of analysis and interpretation of financial statements.

Textbook: Kieso ,Weygandt and Warfield, Intermediate Accounting, 11edition(2004), John Wiley & Sons, Inc.

Assessment：
Mid-term I ：25%
Mid-term II ：25%
Final Exam ：30%
Quizzes ：20%