Bcom 222 financial accounting course outline

UNIVERSITY OF ELDORET
SCHOOL OF BUSINESS AND MANAGEMENT SCIENCES
DEPARTMENT OF BUSINESS MANAGEMENT
BACHELOR OF COMMERCE
COURSE OUTLINE
Academic Year:__________ 2019/2020 ________Sem:______2_______Starting:__Jan 2020__
Course Code:______ BCOM 222______Course Title:____ Financial Accounting__________
Lecturer’s Name: __Dr. Peninah Tanui Melly_________Mobile No.:__0723 356 121________
Purpose of the Course
To develop the candidates’ competence and independence in the analysis and preparation of
specialized financial statements of various types of institutions, entities and operations.
Expected learning outcomes
By the end of the course, the learners should be able to;1. Prepare partnership accounts and converting a partnership into a limited company
2. Develop a hire purchase and installment system accounts
3. Prepare branch and departmental accounts
4. Construct insurance claim schedule on stock loss and consequential losses
5. Prepare accounts for redemption of shares, debentures and share capital reduction
6. Preparation of published accounts
7. Define bills of exchange and construct the accounts
Course Content
Week 1: Partnership accounts
✓ Definition of partnership
✓ Partnership capital and current accounts
✓ Partnership final accounts
Week 2: Partnership accounts (Cont…)
✓ Amalgamation of partnership firms
✓ Dissolution of partnership firms
✓ Conversion of partnership into a limited company
Week 3: Departmental accounts
✓ Basis of allocation of common expenditure among different departments
✓ Accounts relating to interdepartmental transfers
Week 4; Branch accounts
✓ Definition of the term ‘branch’
✓ Classification of branches
✓ Dependent branches
• Characteristics
• Methods of charging goods to branches at cost
• Methods of charging goods to branches at selling price
• Methods of charging goods to branches at wholesale price
Week 5; Branch accounts (Cont…)
✓ Independent branches accounting entries
✓ Foreign branches
• Types of foreign branches
• Techniques for currency translation
Week 6: CAT 1
Week 7: Hire purchase and installment accounts
✓ Definition of hire purchase
✓ Nature of hire purchase agreement
✓ Special features of hire purchase agreement
✓ Accounting arrangement of hire purchase transactions
Week 8: Hire purchase and installment accounts (Cont…)
✓ Ascertainment of total cash price
✓ Ascertainment of interest
✓ Repossession
✓ Installment payment system
✓ Hire purchase vs installment payment system
Week 9; Insurance claims
✓ Introduction to insurance claim concept
✓ Insurance claim for loss of stock
✓ Insurance claim for loss of profit or consequential loss
Week 10; Accounting for redemption of shares and debentures




Shares definition and classification
Debentures definition and classification
Redemption of shares accounting treatment
Redemption of debentures accounting treatment
✓ Share capital reduction
Week 11; Preparation of published accounts
✓ Preparation of the income statement
✓ Preparation of the statement of financial position
Week 12; Bills of exchange
✓ Definition of ‘bills of exchange’
✓ Parties to bills of exchange
✓ Important terms in bills of exchange
✓ Essentials of bills of exchange
✓ Acceptance of bills
✓ Classification of bills of exchange
✓ Promissory notes vs bills of exchange
✓ Advantages of bills of exchange
✓ Accounting treatments
Week 12; C.A.T 2
Week 13: Final Semester Examination
Mode of delivery
Lectures, group discussion, assignments and independent studies
Course assessment
Continuous assessment test (CAT) = 30%, Final semester examination = 70%, Total = 100%
Peer review
Observation by head of department and fellow lecturers and evaluation forms completed by
students
Course Text Books:
1. Narang,K.L & Jain, S.P. (2009). Advanced accountancy: Principles of accounting
Volume 1. Kalyani Publishers: New Delhi.
2. Narang,K.L & Jain, S.P. (2002). Advanced accounting Volume 1 and II. Kalyani
Publishers: New Delhi.
3. Maheshwar, S.N. & Maheshwar, S.K (2009). Advanced accountancy II (10th edition).
Vikas Publishing House
References for further reading:
4. Shukla, M.C., Grewal, & Gupta, S.C.. Advanced accounts volume II.(Latest edition). s.
Chand & Co.
5. Kimunda, D.W.. A textbook of financial accounting (Latest edition)
6. Nzomo, N.D. . Basic accounting. University of Nairobi Press (Latest edition).
Name:
Description:

Calculate the price
Make an order in advance and get the best price
Pages (550 words)
$0.00
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
How it works
Receive a 100% original paper that will pass Turnitin from a top essay writing service
step 1
Upload your instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
Pro service tips
How to get the most out of your experience with StudyAcademia.com
One writer throughout the entire course
If you like the writer, you can hire them again. Just copy & paste their ID on the order form ("Preferred Writer's ID" field). This way, your vocabulary will be uniform, and the writer will be aware of your needs.
The same paper from different writers
You can order essay or any other work from two different writers to choose the best one or give another version to a friend. This can be done through the add-on "Same paper from another writer."
Copy of sources used by the writer
Our college essay writers work with ScienceDirect and other databases. They can send you articles or materials used in PDF or through screenshots. Just tick the "Copy of sources" field on the order form.
Testimonials
See why 20k+ students have chosen us as their sole writing assistance provider
Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.
11,595
Customer reviews in total
96%
Current satisfaction rate
3 pages
Average paper length
37%
Customers referred by a friend
OUR GIFT TO YOU
15% OFF your first order
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat