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