Financial Accounting IIModule Details

Rationale

Financial Accounting II expands upon Financial Accounting I, covering complex topics such as inventory management, cash flow analysis, and corporate accounting. The aim of this course is to enhance technical proficiency and problem-solving skills, with a focus on compliance and financial reporting for public companies. The course exposes students to partnerships, statement of cash flows, current assets, current liabilities, and
corporations.

Learning Outcomes

At the end of the course students will be expected to:
(i) Address accounting issues related to inventory valuation methods and their impact on financial statements.
(ii) Apply internal controls to cash management, including bank reconciliation and reporting of cash and cash equivalents.
(iii) Classify receivables and understand the accounting treatment for uncollectible receivables.
(iv) Record and depreciate fixed and intangible assets using various depreciation methods.
(v) Apply accounting methods for current liabilities, payroll, partnerships, and corporations, including compliance with the Sarbanes-Oxley Act 2002.