Financial Accounting

• • Accounting regulation
  • The Conceptual Framework
  • Presentation of financial statements
  • Revenue recognition
  • Property, Plant & Equipment (PPE)
  • Impairment of Assets
  • Intangible Assets
  • Leases

No eligibility requirements

Special requirements

No special requirements

Students will expand their understanding gained in their previous core accounting subjects, to develop their accounting knowledge, skills and terminology in the context of more complex accounting issues. In particular, students are introduced to a number of accounting standards, their application and changes taking place within the accounting environment, particularly with regard to International Financial Reporting Standards. The consideration of the issues and techniques in this subject will enhance the skills students will need to perform effectively in the workplace as an accountant. Financial accounting is particularly concerned with the provision of information that is relevant and represented faithfully. It is a compulsory subject in the accounting major.

• Mid-Semester Exam (25%)
• Final Exam (50%)
• Tutorial Reflection Questions (10%)
• Group Assignment (15%)