ACCT201

Undergraduate

This course examines corporate reporting issues and accounting standards as well as the analysis and interpretation of financial statements and reports prepared under those standards. The objective is to attain technical and analytical proficiency in preparing and using financial reports of companies, whether as accountants, auditors, managers, financial analysts or investors. Topics covered include: financial reporting framework and environment, accounting standards and disclosure requirements, quarterly reporting, accounting changes, classification of income, introduction to consolidated statements and accounting for investments in associates and joint ventures, financial statement analysis, credit risk analysis and bankruptcy prediction, equity valuation, leases and other off-balance sheet financing, capitalisation of borrowing costs, revenue recognition, intangible assets, impairment of assets, segment reporting, events after balance sheet date, provisions and contingencies.

LO1.1: Our students can recognize, develop, measure, record, validate and communicate financial and other related information., LO1.2: Our students can analyze, synthesize and evaluate financial and other related information for decision making in a management context., LO1.3: Our students understand and can apply concepts relating to business processes, audit and assurance., LO2.2: Our students can communicate effectively in a business context.