South African financial accounting issues (6 points)
(BUS)
Leader:
Offered:
South Africa First semester 2004 (Day)
South Africa First semester 2005 (Day)
Synopsis:
Objectives: On completion of this subject students will have: (1)Developed an understanding of framework for the preparation and presentation of financial statements. (2)Developed an understanding of presentation of financial statements. (3)Developed an understanding of accounting for income taxes, including secondary tax on companies. (4)Developed and understanding of accounting for earnings per share (5)Developed an understanding of fundamental errors, change in accounting estimates and changes in accounting policies. (6)Developed an understanding of provisions, contingent liabilities and contingent assets. (7)Developed an understanding of accounting for leases. (8)Developed an understanding of accounting for construction contracts. (9)Developed an understanding of foreign exchange transactions. (10)Develop an understanding of accounting for the revaluation of property, plant and equipment. (11)Develop an understanding of the accounting of intangible assets. (12)Develop an understanding of fair value accounting, including investment properties and financial instruments. (13)Develop an understanding of reporting of financial information by segment
Assessment: Assignment (up to 3000 words): 15% + Mid-semester test 15% + Examination (3 hours): 70%
Contact Hours: One 2-hour lecture and one 1-hour tutorial
Prerequisites: AFW2042
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