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Adv FA - I course outline

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Tadele Bekele
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16 views

Adv FA - I course outline

Uploaded by

Tadele Bekele
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Mattu University

College of Business & Economics

Department of Accounting and Finance

Course Number Course Name Cr. Hr CP/ETCTS

ACFN4101 Advanced Financial Accounting I 3 5

Course Information

Degree Program BA Degree in Accounting and Finance

Lecturer Akalu D.

Course Description This course addresses the skills needed to apply some selected financial
reporting
standards in business environments. The topics covered in the course
include
income taxes, share-based compensation, agriculture, insurance
contracts,

statement of cash flows, and asset valuation.

WEEKS Course Contents Reading

1. Income Taxes

1.1. The tax base concept

1.2. Recognition of deferred tax liabilities and assets

1.2.1. Future taxable temporary differences

1.2.2. Future deductible temporary differences

1.3. Recognition of current and deferred tax

1.4. Accounting for net operating losses

1.5. Income tax presentation and disclosures


2. Share-based Compensation
2.1. Overview of Share-based Payments
2.2. Share-based Payments Settled with Equity
2.3. Share-based Payments Settled with Cash
2.4. Share-based Payments with Cash Alternatives
2.5. Counterparty Has Choice of Settlement
2.6. Issuer Has Choice of Settlement
2.7. Share-based Payment Disclosures
3. Insurance Contracts
3.1. Insurance Contract Aggregation
3.2. Initial Recognition of Insurance Contracts
3.3. Initial Measurement of Insurance Contracts
3.4. Estimated Future Cash Flows
3.5. Discount Rates Used

3.6. Risk Adjustment for Non-Financial Risk

3.7. Contractual Service Margin

3.8. Subsequent Measurement of Insurance

Contracts
4. Revisiting the Statement of Cash Flows

4.1. Importance of statement of cash flows

4.2. Classifications of cash flows

4.3. Preparing the statement of cash flows

5. Asset Valuation for Financial Reporting


5.1. Basics of valuation

5.2. Overview of International Valuation Standards (IVS)

5.3. Valuation approaches

5.3.1. Market approach


5.3.2. Income approach

5.3.3. Cost approach

5.4. Valuation report

6. Accounting for Agriculture


6.1. Basic Terms and Scope
6.2. The Nature of Biological Assets
6.3. Recognition and Measurement of Biological
Assets
6.4. Presentation and Disclosure Issues
Roles of the students The success of this course depends on the students’ individual and collective
contribution to the class discussions. Students are expected to participate
voluntarily, or will be called upon, to contribute to set exercises and problems.
Students are also expected to read the assigned readings and prepare the cases
before each class so that they could contribute effectively to class discussions.
Students must attempt assignments by their own. Proficiency in this course comes
from individual knowledge and understanding. Copying the works of others is
considered as serious offence and leads to disciplinary actions.

Text and reference Text Book:


books
Larson. Advanced Accounting. 11th edition

Reference Books

Richard E.Baker et al. Advanced Accounting. 7th Edition, FT Prentice Hall-


Financial Times, United Kingdom, 2004

Hoyle, schaefer, & Doupink. Advanced accounting. 11th Ed

Public Enterprises Proclamation No. 25/1992

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