Courses Catalogue

Advanced Accounting

COURSE CODE: ACC 3103
COURSE CREDIT UNIT: 3
ACADEMIC PROGRAMME: Business Administration (Finance and Accounting), Bachelor
COLLEGE/SCHOOL/FACULTY: College of Economics and Management
STATUS: Core
PROGRAMME TYPE: Undergraduate

Course Description

PURPOSE OF COURSE

The course provides quantitative information, primarily financial in nature, about economic entities that is intended to be useful in making economic decisions. It also introduces standards that accountants use for guidance in the conduct of their professional activities which are profession’s ultimate foundation. These standards are the bedrock upon which the profession’s service to society rests and upon which its public image and public trust are built. They are the defining criteria that ensure quality in the services that accountants render. These standards will help to enhance the professional ethical standards of students at the end of this course.

 

EXPECTED LEARNING OUTCOMES

By the end of the course unit, students should be able to:

·         Explain the element of financial statements.

·         Prepare financial statements and accounting          records for business organisations.

·         Calculate ratios and explain their use in the interpretation of accounting information.

·         Discuss the requirements of International Financial Reporting Standards(IFRSs)