Financial Accounting

Main Outcomes:
At the end of the module, the learner should be able to:
Prepare and present company annual financial statements including the disclosure of
relevant notes to the financial statements
Calculate the effect on financial statements as result of management decisions relating to
changes in accounting policies, estimates and the effect of fundamental errors
Prepare basic business combinations
Undertake financial analysis and interpretation of financial statements and report thereon
Assess business and financial risk

Main Content:
Initial recognition and measurement, subsequent measurement and disclosure of the
following selected elements of financial statements in terms of International Financial
Reporting Standards (IFRS):
Net profit, prior period errors and changes in accounting policy
Events after reporting period
Earnings per share
Statement of cash flows
Financial structure and financial instruments
Financial analysis and decision making
Basic business combinations
Borrowing costs
Interpretation of financial analysis of a company including the identification of any financial
and business risk and reporting thereon
Use the report writer of an accounting package to prepare reports to management on the
financial performance and financial position of a company
Capita selecta as determined by the Department of Accounting.

Breakdown of Learning Time:
Contact with lecturer / tutor: 56 hours, 3 lectures per week
Assignments & tasks: 40 hours, .5 Practicals per week
Practicals: 14 hours, 1 tutorial per week
Assessments: 9 hours
Self study: 81 hours

Total Learning Time: 200 hours

Method of Student Assessment 50% Tests, practicals & assigments
50% Exam
Assessment Module type: CFA