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Financial Accounting For Business 2

This 3-credit course introduces students to accounting principles for non-profit organizations, manufacturers, partnerships, and limited companies. Students will learn to prepare financial statements for these different types of businesses from incomplete records. The course covers topics such as accounting for manufacturing costs, partnership accounts, and financial statements for companies. Assessment includes quizzes, tests, assignments, and a final exam. The course aims to further develop students' understanding of accounting principles and their application in financial reporting.

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ainonlela
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445 views5 pages

Financial Accounting For Business 2

This 3-credit course introduces students to accounting principles for non-profit organizations, manufacturers, partnerships, and limited companies. Students will learn to prepare financial statements for these different types of businesses from incomplete records. The course covers topics such as accounting for manufacturing costs, partnership accounts, and financial statements for companies. Assessment includes quizzes, tests, assignments, and a final exam. The course aims to further develop students' understanding of accounting principles and their application in financial reporting.

Uploaded by

ainonlela
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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Name of

course
Financial Accounting For Business 2
Course code ACC 1023
Name (s) of
academic staf
Rational for
the inclusion of
the course
In this course, students are introduced to the Financial Statements of a non!ro"t
or#ani$ation, a manufacturer, a !artnershi! and a limited com!an%& 'heir (no)led#e
in *oo((ee!in# is de+elo!ed further throu#h the to!ic of accountin# for incom!lete
records&
Semester and
,ear ofered
Semester 2 -,ear 1
'otal Student
.earnin# 'ime
(S.')
Face to face Independent
Learning
Total Student Learning
Time
. / .ecture
' / 'utorial
R / Re+ision
0 / 0ractical
1 / 1thers
.
21
'
32
R
3
1
3&2 20&2 112
Credit +alue 3
0rere4uisite
(if an%)
ACC 1103
.earnin#
outcomes
Construct Financial Statements from incom!lete records *% usin# Com!arison
and Anal%sis 5ethod&
0re!are Financial Statements for Non0ro"t 1r#ani$ations&
0re!are the 5anufacturin# Account of a manufacturin# com!an%&
0re!are the !artnershi! current accounts and Financial Statements&
0re!are the Financial Statements for a com!an%&
6escri*e the characteristics of non!ro"t or#ani$ation, manufacturin#
com!an%, !artnershi! *usiness and limited com!anies&
'ransfera*le
S(ills7
Inter!ersonal s(ills in #rou! discussion&
Communication and !resentation s(ills&
A*ilit% to construct "nancial data from incom!lete transactions in the
*usiness&
A*ilit% to anal%se diferent t%!es of *usiness&
A*ilit% to distin#uish the Financial Statements of diferent t%!es of *usiness&
'eachin#
learnin# and
assessment
strate#%
.ecture, directed readin#, acti+e learnin#, tutorial and 08.&
S%no!sis 'his su*9ect de+elo!s further understandin# of accountin# !rinci!les and their
a!!lications to the Financial Statements& It e:!lores other areas of accountin# for
manufacturin#, !artnershi! non!ro"t or#ani$ations and com!an% accounts&
5ode of
deli+er%
.ecture, 'utorial and Class Acti+ities
Assessment
5ethods and
t%!es
;ui$ (2) / 10<
'est (1) / 10<
Assi#nment (1) / 20<
Final =:am / >0<
5a!!in# of the
course to the
0ro#ramme
Aims
Refer to 'a*le of 5a!!in# of Course to 0ro#ramme Aim ( A!!endi: )
5a!!in# of the
course to the
0ro#ramme
.earnin#
1utcomes
Refer to 'a*le of 5a!!in# of Course to 0ro#ramme .earnin# 1utcomes as attached
Content
outline of the
course and the
S.' !er to!ic
WEEK TOPIC L T ILT
13
ICO!PLETE "ECO"#S
Introduction
Com!arison and Anal%sis 5ethods
0re!are7
Statement of Afairs
Statement of Com!rehensi+e
Income
Statement of Financial 0osition

3&2
?&2 3&@?2
(1&122A3&
?2)
32
ACCO$TI% FO" O&P"OFIT
O"%AI'ATIO
Introduction
0re!aration7
Statement of Recei!ts and
0a%ments
Statements of Accumulated Fund
3
2 3&22
(0&?2A2&2
)
WEEK TOPIC L T ILT
13
ICO!PLETE "ECO"#S
Introduction
Com!arison and Anal%sis 5ethods
0re!are7
Statement of Afairs
Statement of Com!rehensi+e
Income
Statement of Financial 0osition

3&2
?&2 3&@?2
(1&122A3&
?2)
(Statement of Afairs)
Statement of Acti+ities
Statement of Income and
=:!enditure
Statement of Financial 0osition
>@
!A$FACT$"I% ACCO$T
Introduction
Identif% t%!es of Cost
0rime Cost (6irect 5aterial,
6irect .a*or and 6irect
=:!enses)
Factor% 1+erhead Cost (Indirect
5anufacturin# =:!enses)
'otal 0roduction Cost
0roduction Cost 1f Finished
Boods
0re!are 5anufacturin# Accounts
Statement of 0ro"t or .oss on
5anufacturin#
Account
3&2
?&
2
3&@?2
(1&122A3&
?2)
C11
ACCO$TI% FO" PA"TE"S(IP
Introduction
6e"nition
Nature and characteristics
'%!es of 0artners
0artnershi! A#reement
Causes of chan#es in 0artnershi!
6iference *et)een Fi:ed and
Fluctuatin#
Ca!ital Account
0re!are7
Statement of Com!rehensi+e
3&2
?&
2
3&@?2
(1&122A3&
?2)
WEEK TOPIC L T ILT
13
ICO!PLETE "ECO"#S
Introduction
Com!arison and Anal%sis 5ethods
0re!are7
Statement of Afairs
Statement of Com!rehensi+e
Income
Statement of Financial 0osition

3&2
?&2 3&@?2
(1&122A3&
?2)
Income
Statement of A!!ro!riation
Current Account
Statement of Financial 0osition
1213
ACCO$TI% FO" LI!ITE#
CO!PAIES
Introduction to Com!an% Account
6e"nition of .imited Com!an%
Nature and characteristics of
Com!an%
'%!es and formation of
Com!anies
Ca!ital Structure 7 =4uit% Ca!ital
and .oan Ca!ital
Classes of Shares
Classi"cation of Reser+es7
Re+enue and Ca!ital Reser+es
6i+idend, 8onus Issue and Ri#ht
Issue
0re!aration7
Statement of Com!rehensi+e
Income
Statement of Financial 0osition
Statement of Chan#es in =4uit%
3&2
?&2 3&@?2
(1&122A3&
?2)
Su) total 2*
+, 2+
12 R=DISI1N
3 2
Assi#nment
@
'est (1) 1&2
3&2
;ui$ (2)
3
WEEK TOPIC L T ILT
13
ICO!PLETE "ECO"#S
Introduction
Com!arison and Anal%sis 5ethods
0re!are7
Statement of Afairs
Statement of Com!rehensi+e
Income
Statement of Financial 0osition

3&2
?&2 3&@?2
(1&122A3&
?2)
Final =:am 3
10
2C&
2
32 20&2
'otal Student .earnin# 'ime
112
E 5ain
references
E Additional
references
8ets% .i, Fim '&S, Chin B&. G Suan B&. (2001), 0rinci!les of Accounts, 3
th

=dition, Federal 0u*lication&(a(an di(emas(ini a!a*ila menda!at ma(lumat
ter(ini)
Hood, F&, Business Accounting- Dol&1, 11
th
=d&, .ondonI .on#man
Andre) .&F&C G Hon# S&8, (200C),Business Accounting,3
rd
Editions:0earson
Companys Act, 1965 Schedule 9 and FRS 101.
odule Financial Accounting !o" Business

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