Course Information Package
|Course Unit Title||INTERMEDIATE FINANCIAL ACCOUNTING I|
|Course Unit Code||ABSA203|
|Course Unit Details||BA Business Administration (DL) (Business Electives) -|
|Number of ECTS credits allocated||5|
|Learning Outcomes of the course unit||By the end of the course, the students should be able to:|
|Mode of Delivery||Face-to-face|
|Recommended optional program components||NONE|
Double entry bookkeeping for company reorganisations: Issues of shares and debentures. Bonus issues, share splits and rights issues
Investment accounts: Examine the theory and practice of double entry bookkeeping as applied to investments with their effect on the balance sheet.
Redemption of securities: Legislation concerning redemption of securities. Ledger and journal entries.
Limited company accounts for internal use: Preparing final accounts for limited company accounts for internal use.
Limited company accounts for publication: Examine formats in line with the relevant legislation and accounting standards. Preparing final accounts for limited company accounts for publication.
Accounting standards: Examination of main principles and accounting standards concerning tangible assets, intangible assets and depreciation.
Introduction to group accounts: Analyse the significance of subsidiaries and minority interests to group accounts. Be able to prepare consolidated adjustments for goodwill, minority interests and the retained profit. The preparation of group accounts concerning a two-company group.
|Recommended and/or required reading:|
|Planned learning activities and teaching methods|
The taught part of course is delivered to the students by means of lectures, conducted with the help of computer presentations. Lecture notes and presentations are available through the web for students to use in combination with the textbooks. Lectures are supplemented with class exercises carried out in class and via homework.
|Assessment methods and criteria|
|Language of instruction||English|