Review of ACC 221. Departmental Accounts, excluding foreign branches, hire purchase, introduction to Company Accounts, types of capital-ordinary shares, preference shares and debentures and their implications. Statutory books and returns, pre-incorporation profit, post incorporation profits and formation expenses. Issues of shares and debentures, redemption of shares and debentures. Branch accounts (local), IAS 1: Presentation of Financial Statements, IAS 8: Accounting Policies, Changes in Accounting, Estimates and Errors, IAS 18: Revenue, IAS 32: Financial Instruments: Presentation, IAS

 Provisions: Contingent Liabilities and Contingent Assets, IAS 38: Intangible Assets, IAS 39: Financial Instruments, Recognition and Measurement, IFRS 4: Insurance Contracts IFRS 7: Financial Instrument Disclosures. Company Accounts and reports; treatment of taxation in accounts including deferred taxation, statement of profit or loss and other comprehensive income of companies both for internal use and publication.


Level of Study: 300 Level