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Module/Course Description

Course Title: Accounting Cases II

Course Code: UU-ACG-2301-UG

Programme:

Credits: 4.00

Course Description:

Course/Module Description:

This course is a review of concepts of how accounting is designed to help management make its most important financial decisions and assist organizations needs in order to run efficiently and applications. It starts by reviewing the principles that should guide accounting in order to serve the purpose for which accounting is designed for, as well as provide management accounting information in order to help managers in a decision making capacity towards control of its operations.

Course/Module Objectives:

The main objectives of the course are:

  1. To provide an in-depth understanding of accounting for inventory, cash, receivables, fixed assets and current liabilities for a sole proprietorship
  2. To expose students to partnerships and accounting for partnerships
  3. To expose students to corporations and accounting for corporations
  4. To introduce the Statement of Cash Flows

Course/Module Learning Outcomes:

After completion of the course students are expected to be able:

  1. To understand and deal with the accounting issue that arises when identical units of merchandise are acquired at different unit costs during the period
  2. To describe and illustrate the application of internal controls to cash
  3. To understand the classification of receivables and the accounting of uncollectible receivables
  4. To understand the accounting for fixed and intangible assets, current liabilities, payroll, partnerships and corporations
  5. To prepare a Statement of Cash Flows and a cash budget. To explain the budgetary process and analyse and explain budget variances. Discuss management functions relevant to accountants including the identification and application of relevant costs for decision making purposes, determination of the break-even point of a product or group of products and application of production overheads.

 

 

Prerequisites: UU-BA-IND100-UG

Prerequisites Categories: Year 1

Typical Module duration: 4.0 Week(s)

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