Course Title: Advanced Financial Accounting 2
Course Code: ACC 411
Credit Hours: 60 hours
Unit: 4 units
Goal: This course is designed to enable the student gain an indepth understanding of the principles and the procedures governing the preparation of financial statements of specialized organizations so as to be able to apply the accounting knowledge to solve business problems.
GENERAL OBJECTIVES:
On completion of this course, the students should be able to:-
1.0 Know the accounting treatment of containers, investments, hire purchase,
leasing, pension provident fund, voyages, oil and gas.
2.0 Know how to prepare the accounts of specialized businesses such as
Estate Agencies, farmers, contractors, underwriters, unit trust,
companies and co-operative societies.
3.0 Know how to prepare the accounts of banks.
4.0 Know how to prepare the accounts of insurance companies.
5.0 Understand the principles and practice or Financial Valuation.
6.0 Understand Advanced aspects of Partnership Accounts.
7.0 Understand Liquidation Accounts
CONTINUOUS ASSESSMENT STRUCTURE:
1. FIRST TEST 10 MARKS
2. SECOND TEST 10 MARKS
3. THIRD TEST 10 MARKS
4. TEN QUIZ 10 MARKS
5. TEN ASSIGNMENTS 10 MARKS
TOTAL MARKS 50 MARKS
YOUR CONTINOUS ASSESSMENT = YOUR TOTAL SCORE X 40 MARKS
TOTAL MARKS
NOTICE:
CONTINOUS ASSESSMENT = 40 %
EXAMINATION = 60 %
TOTAL MARKS 100%
The LORD by wisdom founded the earth;
By understanding He established the heavens;
Wisdom is the principal thing;
Therefore get wisdom.
And in all your getting,
get understanding.
