Scribd
Upload
294 views

ACC 211 Course Compact

This document provides details about the ACC 211 Financial Accounting I course offered at Landmark University. The 3-unit course is offered on Wednesdays from 1-2pm and Thursdays from 10-11pm. The course aims to develop an appreciation of accounting information and examine students' knowledge of basic accounting concepts, methods, and procedures. It also examines students' ability to prepare financial statements for sole proprietorships, partnerships, and limited liability companies. The course objectives are to evaluate students' skills in preparing, analyzing, interpreting, and reporting financial statements in accordance with international and local standards. Lectures are delivered in the classroom using various teaching aids, and the course outline provides topics covered in each week.

Uploaded by

Kehinde
Copyright
© © All Rights Reserved
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
294 views

ACC 211 Course Compact

This document provides details about the ACC 211 Financial Accounting I course offered at Landmark University. The 3-unit course is offered on Wednesdays from 1-2pm and Thursdays from 10-11pm. The course aims to develop an appreciation of accounting information and examine students' knowledge of basic accounting concepts, methods, and procedures. It also examines students' ability to prepare financial statements for sole proprietorships, partnerships, and limited liability companies. The course objectives are to evaluate students' skills in preparing, analyzing, interpreting, and reporting financial statements in accordance with international and local standards. Lectures are delivered in the classroom using various teaching aids, and the course outline provides topics covered in each week.

Uploaded by

Kehinde
Copyright
© © All Rights Reserved
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
You are on page 1/ 2

COURSE COMPACT

College: Business and Social Sciences

Department: Accounting, Business Administration, Banking & finance, Industrial Relations and Marketing

Programme(s): Accounting

Course Code: ACC 211 Units: 3

Course Title: Financial Accounting I

Course Lecturers: Otekunrin A.O

Semester: Alpha Semester

Time of Lecture: 1 pm – 2 pm (2 hour) Wednesday, 10 pm -11pam (hours) Thursday

Location: Wednesday Room 401, Thursday Room 401

A. Brief Overview of Course

* To develop an appreciation of the role of accounting information.


* To examine the candidates‟ knowledge and understanding of the basic concepts, methods and procedures
followed in keeping financial records.
* To examine candidates ability to prepare final accounts for sole traders , Partnership and Limited Liability
Company.

B. Course Objectives / Goals

To examine candidates‟
 Ability to prepare, analyse, interpret and report on financial statements.
 Knowledge and skills in understanding and applying international and localaccounting standards.
 Knowledge of theoretical and legal framework in the preparation of financial statements of entities
and groups for management use and publication.
 Technical knowledge required in keeping books, records and preparation of accounts of specialised
businesses and transactions.

C. Method of Lecture Delivery / Teaching Aids


Lectures are delivered in the class room with teaching aids such as Whiteboard, whiteboard marker, visual
aids, audio-visual aids, real objects and many others.

D. Course Outline

Week 1-3
Review of basic accounting concepts and principles - double entry, books of original-entry, trial balance;
Preparation of final accounts for sole traders, clubs and charities; bank reconciliation (complex situation)
electronic and money transfer etc.

Week 4-7
Partnership and partnership accounting including Profit and loss Appropriation account, the valuation of
goodwill on admission and retirement of partners; change in partnership; revaluation of assets, and
dissolution of partnership.
Week 8-12
Introduction to company accounts; Share Capital: Share issue and redemption. Preparation and presentation
of unpublished final accounts of limited liability companies. Interpretation, uses and limitations of accounting
ratios.

E. Tutorials
Based on course outline

F. Structure of Programme / Method Grading


Structure of Programme- Based on course outline
Method Grading- Landmark University Method of grading

G. Ground Rules and Regulations


Normal Landmark University Rules and Regulations

H. Topics for Term Paper / Assignment


Topics for Term Paper - Harmonizing Financial Reporting Standard World Wide
- Globalization of Accounting Profession

Assignment- Based on course outline

I. Alignment with Goals and Vision of Landmark University


To produce professional accountants that will break new ground with world class standard

J. Contemporary Issues / Industry Relevance


Harmonizing Financial Reporting Standard World Wide

K. Recommended Reading
(1) Spicer & Pegler, Book-Keeping & Accounts
(2) Wood Frank, & Sangster Alan, 2005, Business Accounting 1, Pitman 10th Ed.

You might also like