COX 4114
ADVANCED ACCOUNTING (3 CU)
Course Description:
This course intends to equip students with knowledge in accounting legal frame work, the major
standards which govern the accounting discipline and major financial reporting issues.
Objectives:
At the end of the course, the student should be able:
 To Prepare and present financial statements in accordance with the IASs/IFRSs
 To prepare consolidated financial statements
 To account for business combinations and company liquidation
 Understand the design of Accounting Information Systems, and be able to analyze,
interpret and compare financial information produced.
Learning Outcomes:
Students should be able to
 Prepare financial statements ready for publication in accordance with IFRS and IAS.
 Understand the implications and the whole process of liquidating companies.
 Handle group accounts and reorganization of businesses.
Intellectual, practical and transferable skills
 Problem solving skills
 Analytical skills
 Team work
 Precise presentation
Teaching and Learning Patterns
 practical examples
 class discussions
 Assignments
Assessment Method
The assessment method is structured to include coursework and final examination. Coursework
consists of assignments, presentations and tests.
Course work assessment
30%
Final Examination
70%
100%
The minimum cumulative mark required to pass is 50%, is required to pass this unit. This
includes course work and final examination. Each course in the programme is allowed a
maximum of three hours for final examination.
Course Duration
The course is offered in the first semester of third year. It’s taught for 60 hours.
Course content
Advanced financial accounting & Accounting standards, Accounting Information Systems,
Preparation and Presentation of Financial Statements, Business Re Organizations/
Reconstructions, Absorptions and Amalgamations, Analysis, Interpretation and Comparability of
Financial statements/ Reports, Preparation of consolidated financial statements ( GROUP
ACCOUNTS), Introduction to accounting for group of companies, Consolidation Of Balance
Sheets, Consolidation Of Income Statements, Bankruptcy Accounting (Liquidation And
Receivership), Current Value Accounting, Non – Current Assets, Earnings per share, Accounting
For Substance of Transactions
References
1. Alexander and Britton (2002) Financial Reporting 6th edition Thomson
2. M.W.E Glautier and B Under down (2001) Accounting Theory and Practice 7th edition
Prentice Hall.
3. International Financial Reporting Standards and International Accounting Standards
issued by the International Federation of Accountants