Course Information Package
|Course Unit Title||ADVANCED ACCOUNTING PRACTICE|
|Course Unit Code||ABSA307|
|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|
Advanced aspects of consolidated accounts: Prepare group statements of financial position (balance sheets) and financial performance (statements of comprehensive income). Examine consolidated adjustments such as inter group profits, fair value adjustments and inter company balances amongst others. Solving exercises on consolidated adjustments. Examine the accounting treatment of associates and joint ventures.
Accounting standards: Examination of main principles and accounting standards concerning non-current assets, inventories, provisions, contingencies, post balance sheet events, prior year adjustments, investments, construction contracts and goodwill.
Interpretation of performance: Examine the rationale behind ratio analysis. Examine performance indicators used in investment decisions. Interpret the financial performance and position of the firm (including public companies) from financial statements.
Statements of cash flow: Examine formats in line with international accounting practice. Preparing statements of cash flows for limited company for publication. Interpretation of the results. Introduction to the principles of consolidated statements of cash flow.
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 that includes applications of accounting standards.
|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|