FACULTY OF ACCOUNTING AND FINANCE

DEPARTMENT OF ACCOUNTING
UNDERGRADUATE
COURSE STRUCTURE AND OUTLINE (SYLABUS)
A. COURSE DETAILS
COURSE CODE BACT 401 CREDIT HOURS 3 LEVEL 400

COURSE TITLE Corporate Reporting I

ACADEMIC YEAR 2020/2021 SEMESTER FIRST

PROGRAMME[S] Bachelor of Science in Accounting

COURSE URL: http//: Moodle platform

B. COURSE INSTRUCTOR DETAILS

NAME: Course Leads Isaac Ofoeda & Francis J. Tagoe

OFFICE LOCATION Library – Lecturers’ Common Room

TELEPHONE 0209066598 / 0248952570

EMAIL: Course Lead [email protected]

Email: HOD [email protected]

COURSE Emmanuel Gyamera, Philomena Acquah and Baba Ahamed Issah
LECTURER(S)
[email protected], [email protected]
[email protected], [email protected]

C. COURSE DESCRIPTION
This is an in-depth course in corporate reporting which emphasizes the importance of Accounting and
Financial Reporting in today complex and changing business environment and the challenges that face
those who are members of the Accounting profession. The course content is carefully selected so as to
satisfy the requirements of International Financial Reporting Standards (IFRSs) and professional
accounting institutions. This course aims to apply knowledge, skills and the exercise of professional
judgment in the application and evaluation of financial reporting principles and practices in a range of
business contexts and situations. The course begins by introducing students to the professional and ethical
duty of the accountant. It then examines the financial reporting framework within which the accountant
operates and examines detailed financial reporting requirements for entities leading to the preparation of
group financial reports (i.e. complex groups) in accordance with generally accepted accounting practice
and relevant standards. Finally, the role of the accountant as financial analyst and adviser through the
assessment of financial performance and position of entities as well as business valuation techniques are
covered in this course.

D. COURSE OUTCOMES
At end of the course students should be able to
1. Appreciate the relationships involving business combinations and apply the financial reporting
standards relating to these combinations.
2. Prepare Consolidated Statement of Financial Position and Consolidated Profit or Loss Accounts with
basic consolidation adjustments and accounting for investment in Associates and Joint Venture.
3. Describe capital reconstruction schemes.
4. Identify when an entity may no longer be viewed as a going concern and why a reconstruction might
be an appropriate alternative to liquidation.

E. COURSE OBJECTIVES
At the end of the course, you should be able to:
a. understand the relevant accounting treatments for events after the reporting period, provisions
and intangible assets.
b. prepare financial statements in accordance with IFRSs
c. apply IFRS accounting and disclosure requirements to a wide range of scenarios;
d. prepare consolidated financial statements with subsidiaries and associates
e. Implement capital reconstructions schemes in organizations.

F. COURSE OUTLINE IN A WEEKLY FORMAT

WEEK LESSONS/MODULES/ACTIVITIES
WEEK 1 Discussion of Course outline and learning contracts for the semester.
International Financial Reporting Standards (IAS 10 – Events after the Reporting
Period)

WEEK 2 International Financial Reporting Standards (IAS 37 – Provisions)

WEEK 3 International Financial Reporting Standards (IAS 38 – Intangible Assets)

WEEK 4 Group Accounts: Definition of concepts, principles and accounting standards on

business combination issues. Interactive Class Discussions and Class Exercises.
WEEK 5 Consolidated Statement of Financial Position (CSFP); Discussion of Consolidated
Adjustments and Mechanics. CLASS EXERCISES
WEEK 6 Consolidated Statement of Financial Position (CSFP); Discussion of Questions.
CLASS EXERCISES and HOME WORK
WEEK 7 Mechanics to the Consolidated Statement of Profit or Loss (CSPL). Discussion of
Questions on the Consolidated Statement of Profit or Loss (CSPL).
WEEK 8 Investments in Joint Ventures and Associates

WEEK 9 INTERIM ASSESSMENT (IA) for (15 marks)

WEEK 10 Discussion of issues of Capital re-organisation schemes using CASE STUDY

ANALYSIS.
WEEK 11 Describing Accounting Treatment for Capital re-organisation schemes with the aid of
financial statement illustrations. CLASS EXERCISES
WEEK 12 Discussion of Questions on Capital re-organisation schemes. CLASS TEST 2 (5
marks)
 WEEK 13 REVISION

G. COURSE TOPICS CREDIT HOURS ACTIVITIES AND READINGS IN A WEEKLY

FORMAT
WEEK TOPICS CREDIT ACTIVITIES READING
HOURS LIST
DISCUSSION OF COURSE 3 Introduction to ACCA (2016)
OUTLINE AND LEARNING Course Outline, Study Text on
CONTRACTS FOR THE Lecture, Discussion Corporate
SEMESTER. Reporting Paper
P2, BPP
Publishing Inc.
IAS 10 – EVENT AFTER THE Pg139
REPORTING PERIOD
WEEK 1
INTERNATIONAL 3 Lecture, Class ACCA (2017)
FINANCIAL REPORTING Discussions, Class Study Text on
STANDARDS (IAS 37 – Test Corporate
WEEK 2 PROVISIONS, CONTINGENT Reporting Paper
LIABILITIES & CONTINGENT P2, BPP
ASSETS) Publishing Inc.
Pg139
INTERNATIONAL 3 Lecture, Class Institute of
FINANCIAL REPORTING Discussions, Class Charted
STANDARDS (IAS 38 – Test Accountants
WEEK 3 INTANGIBLE ASSETS) (Ghana) (2019)
Corporate
Reporting Paper
3.1: Accra
Pg 171
GROUP ACCOUNTS: 3 Lecture, Class Institute of
DEFINITION OF CONCEPTS, Discussions, Class Charted
PRINCIPLES AND Test Accountants
WEEK 4 ACCOUNTING STANDARDS (Ghana) (2019)
ON BUSINESS Corporate
COMBINATION ISSUES. Reporting Paper
3.1: Accra
Pg 575
CONSOLIDATED 3 Lecture, Class Institute of
STATEMENT OF FINANCIAL Discussions, Class Charted
POSITION (CSFP); Test Accountants
WEEK 5 DISCUSSION OF (Ghana) (2019)
CONSOLIDATED Corporate
ADJUSTMENTS AND Reporting Paper
MECHANICS 3.1: Accra
Pg 575
 CONTINUATION OF 3 Lecture Class Institute of
CONSOLIDATED Discussion, Class Charted
STATEMENT OF FINANCIAL Test Accountants
WEEK 6 POSITION (CSFP) (Ghana) (2019)
Corporate
Reporting Paper
3.1: Accra
Pg 575
MECHANICS TO THE 3 Lecture Class Institute of
CONSOLIDATED Discussion, Class Charted
STATEMENT OF PROFIT OR Test Accountants
WEEK 7 LOSS (CSPL) (Ghana) (2019)
Corporate
Reporting Paper
3.1: Accra
Pg 617
INVESTMENTS IN JOINT 3 Lecture Class Institute of
VENTURES AND Discussion, Class Charted
ASSOCIATES Test Accountants
WEEK 8 (Ghana) (2019)
Corporate
Reporting Paper
3.1: Accra
Pg 635
INTERIM ASSESSMENT (IA)
WEEK 9 for (20 marks)

CAPITAL RE- 3 Lecture Class Institute of

ORGANISATION SCHEMES Discussion, Class Charted
USING CASE STUDY Test Accountants
WEEK ANALYSIS. (Ghana) (2019)
10 Corporate
Reporting Paper
3.1: Accra
Pg 965

DESCRIBING ACCOUNTING 3 Lecture Class Institute of

TREATMENT FOR CAPITAL Discussion, Class Charted
RE-ORGANIZATION Test Accountants
WEEK
SCHEMES WITH THE AID OF (Ghana) (2019)
11
FINANCIAL STATEMENT Corporate
ILLUSTRATIONS Reporting Paper
3.1: Accra
Pg965
DISCUSSION OF QUESTIONS 3 Lecture Class Institute of
ON CAPITAL RE- Discussion, Class Charted
ORGANISATION SCHEMES Test Accountants
WEEK
(Ghana) (2019)
12
Corporate
Reporting Paper
3.1: Accra
Pg 965

H. COURSE ASSIGNMENT
 1. There will be Quiz, Class Tests /assignment.
2. Group Assignment
3. Interim Assessment Examination will be conducted
4. Attendance

I. TEACHING METHODS
1. Lectures, in-class short tests, homework
2. Power point presentation
3. Explanation on board

J. COURSE INSTRUCTIONS
1. Students must not use phones during lecture hours.
2. Students who are twenty (20) minutes late to class would on the first lateness be warned but would
be asked to stay away from the class for subsequent lateness.
3. Class attendance is mandatory and students must participate in all activities in class.
4. All assignments must be submitted on due dates.

K. READING LISTS/REFERENCES

BASIC TEXT BOOKS

Institute of Charted Accountants (Ghana) (2019) Corporate Reporting Paper 3.1: Emile Woolf
Publishing Inc. Accra
ACCA (2016) Study Text on Corporate Reporting Paper P2, BPP Publishing Inc.
Addo, A (2011) Corporate Reporting. Accra, Black Mask Limited

SUPPLEMENTARY TEXT BOOKS

International Accounting Standards Board, International Financial Reporting Standards (IFRSs) (2013).
London
Finch, C (2008) A Student’s guide to International Financial Reporting Standards. Wokingham,
Berkshire; Kaplan Publishing.
Kirk, R. J (2005) International Financial Reporting Standards in Depth Volume 1: Theory and Practice
London: Elsevier Butterworth Heinemann
Clendon, T (2009) A Student’s guide to group accounts. Wokingham, Berkshire: Kaplan Publishing

L. GENERAL INFORMATION

1. COURSE ASSESSMENT
Assessment may involve a mixture of quizzes, assignment, group work and presentations. All these will
form the basis for taking part in interim assessment as well as end of semester examinations. Allocation
of marks shall be as follows
Quizzes/Presentations/Assignments/group work...15%
Interim Assessment ........................................... 20%
Attendance ……………………………………….5%
End of Semester Exams ………………...……….. 60%
Total …………………………….. ..100%

Grade Aggregate
A 80% - 100%
B+ 75% - 79%
 B 70% - 74%
B- 65% - 69%
C+ 60% - 64%
C 55% - 59%
C- 50% - 54%
D 45% - 49%
F 0 – 44%

SERVICE EXCELLENCE