Scribd
Upload
57 views

Advance Two Course Outline

Uploaded by

Minyichel Baye
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
57 views

Advance Two Course Outline

Uploaded by

Minyichel Baye
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 2

Department Accounting & Finance

Program BA Degree in Accounting & Finance


Course Number ACFN4102
Course Title Advanced Financial Accounting II
ETCTS Credits 6 Contact Hours 4
Course Contents
1. Joint Arrangements
1.1. Meaning and types of joint arrangements
1.2. Accounting for investments in joint ventures
1.3. Accounting for joint operations
1.4. Accounting for joint ventures
1.5. Disclosure requirements
2. Accounting for Public Enterprises in Ethiopia
2.1. Overview of Proc. No. 25/1992 and other related Provisions
2.2. Accounting for Formation and Operation
2.3. Privatization of Public Enterprises
3. Accounting for Sales Agencies and Branch Operations
3.1. Characteristics and Principles
3.2. Distinction between Agencies and Branches
3.3. Accounting Systems and the Accounting Entity
3.4. Accounting for Sales Agencies
3.5. Accounting for Branch Operations
3.5.1. Reciprocal (Intracompany) Accounts
3.5.2. Merchandise Shipments to Branches
3.5.3. Allocation of Expenses incurred by Home Office to Branches
3.5.4. Accounting for Branch Fixed Assets
3.5.5. Combined Financial Statements for Home Office and Branch
3.5.6. Reconciliation of Home Office and Branch Accounts
3.5.7. Transactions among Branches
3.5.8. Disposal of a Branch
4. Business Combinations
4.1. Definitions and Motives
4.2. Methods of arranging Business Combinations
4.3. The Acquisition Method
4.3.1. Identifying the acquirer
4.3.2. Determining the acquisition date
4.3.3. Recognition and measurement of the identifiable net assets of the Acquiree
4.3.4. Recognition and measurement of goodwill or a gain from a bargain purchase
4.4. Disclosure requirements
4.5. Overview of business combinations in Ethiopian context
5. Consolidation on Date of Acquisition
5.1. Definition of subsidiary and control
5.2. Assessing control
5.3. Accounting Requirements
5.4. Definition and presentation of non-controlling interests
5.5. Different reporting dates and accounting policies
5.6. Loss of Control
5.7. Consolidated Statement of Financial Position: Wholly owned subsidiary
5.8. Consolidated Statement of Financial Position: Partially owned subsidiary
5.9. Disclosure Requirements
6. Consolidation Subsequent to Acquisition
6.1. Accounting for investments in subsidiaries
6.2. Consolidated financial statements for wholly owned subsidiary
6.3. Consolidated financial statements for partially owned subsidiary
6.4. Consolidated financial statements: Intra-group trading (Upstream and Downstream Transactions)
6.5. Disclosure requirements
7. The Effects of Changes in Foreign Exchange Rates
7.1. Definition of terms
7.2. Exchange Rates and Meaning of Translation
7.3. Types of currency-related exposures
7.4. Determination of functional currency
7.5. Accounting for foreign currency transactions
7.5.1. Recognition and reporting of exchange differences
7.6. Translation of foreign operations
7.6.1. Rationale/Objectives of translation
7.6.2. Translation methods & criteria for applications
7.7. Disclosure requirements
8. Segment and Interim Financial Reporting
8.1. Segment Reporting
8.1.1. Definition of an operating segment
8.1.2. Identifying externally reportable segments
8.1.3. Aggregation criteria
8.1.4. Quantitative thresholds
8.1.5. Disclosure
8.1.6. Measurement
8.1.7. Entity-wide disclosures
8.2. Interim Reporting
8.2.1. Definitions
8.2.2. Content of an Interim Financial Report
8.2.3. Disclosure in Annual Financial Statements
8.2.4. Recognition and Measurement
8.2.5. Restatement of Previously Reported Interim Periods
Text Book:
Herauf D. & Hilton M. (2016). Modern Advanced Accounting in Canada. Eighth ed. McGraw-Hill Canada.
Baker, R. E., Lembke, V. C., King, T. E., Jeffrey, C. G., & Christensen, T. (2016). Advanced Financial Accounting.
Eleventh edition. McGraw-Hill/Irwin.
Reference Books:
Cotter, D. (2012). Advanced Financial Reporting: A complete guide to IFRS. Financial Times/Prentice Hall.
Beechy, T. H., & Farrell, E. (2015). Advanced Financial Accounting. Seventh edition. Prentice Hall.
Hoyle, J. B., Schaefer, T. F., & Doupnik, T. S. & Wang, X. (2016). 13th edition. Advanced Accounting. McGraw-Hill
Education.
Ernst & Young LLP, International GAAP, John Wiley & Sons Ltd. (Latest edition).
Richard E.Baker et al. Advanced Accounting. 7th Edition, FT Prentice Hall- Financial Times, United Kingdom,
2004
Larsen, J. Modern Advanced Accounting. 11th edition. McGraw-Hill.
Commercial Code of Ethiopia
Public Enterprises Proclamation No. 25/1992

You might also like