AFW2720 - Financial accounting B

Offered

South Africa Second semester 2007 (Day)

Synopsis

This unit provides a detailed examination of how certain International Financial Reporting Standards are implemented. The relevant standards focus on accounting for corporate assets under different circumstances, as well as on calculating Earnings per share. The unit is directed specifically at students wishing to qualify as professional accountants.

Objectives

The learning objectives of this unit are to:

• explain the key concepts that are relevant for selected topics in financial accounting, the need for accounting standards, and the areas of debate and difficulty;
• apply the accounting principles prescribed in international standards to specific problems, at an advanced level;
• explain how companies apply the standard in their annual financial reporting;
• apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with financial accounting.

Assessment

Assignment (up to 3000 words): 15%
Mid-semester examination 15%
Examination (3 hours): 70%

Contact hours

One 2-hour lecture and one 1-hour tutorial per week.

Prerequisites

AFW2710