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Advanced Accounting 1 Course Outline

This course outline provides information on the Advanced Accounting 1 course offered at Meru University of Science and Technology. The course is designed to provide students with knowledge of accounting for various business organizations, including partnerships, consignment accounts, joint ventures, insurance companies, branches, royalties, and investments. Over 14 weeks, topics will be covered in 3-6 hour blocks and assessed through assignments and an exam. The course aims to prepare students with specialized accounting skills needed for different types of organizations.

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ρεrvy αlcнεмisτ (ραρi)
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192 views3 pages

Advanced Accounting 1 Course Outline

This course outline provides information on the Advanced Accounting 1 course offered at Meru University of Science and Technology. The course is designed to provide students with knowledge of accounting for various business organizations, including partnerships, consignment accounts, joint ventures, insurance companies, branches, royalties, and investments. Over 14 weeks, topics will be covered in 3-6 hour blocks and assessed through assignments and an exam. The course aims to prepare students with specialized accounting skills needed for different types of organizations.

Uploaded by

ρεrvy αlcнεмisτ (ραρi)
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd

MERU UNIVERSITY OF SCIENCE AND TECHNOLOGY

BACHELOR OF BUSINESS ADMINISTRATION YEAR 3


SEM 1
BFC BFC3325 :ADVANCED ACCOUNTING 1
COURSE OUTLINE

Course Purpose
This course is designed to provide students with adequate knowledge with regard to specialised
skills in accounting for the various types of business and non-business organisations, including
public sector accounting.

Course Objectives
At the end of this course, the students should be able to:
 prepare institutional Accounts
 prepare specialized accounts
 prepare branch accounts

1
Topics Content Time (Hours)
1 Partnership
re-alignment  liquidation 3
(change of  amalgamation
partnership)  conversion to a limited company
2 Consignment Introduction 3
account Meaning of consignment
Features of consignment
Books of consignor
Valuation of unsold stock
Loss of stock
Books of consignee

3 Joint venture Definition of Joint venture 3


accounting Features
Accounts maintained

4 Accounting 3
for Legal provisions
insurance Accounts maintained
companies
5 Branch Types of branches 6
accounting Independent branches

6 Accounting Important terms


for Royalty Account for royalties 3
Short workings

7 Investment Fixed rate of return 3


accounts Fluctuating rate of return

12 3
13- End of
14 Semester
exams

2
Recommended Reading:

METHODOLOGY
These course objective will be achieved through lectures, class discussion presentation,
assignment.

ASSESSMENT
Assignment ………………………………………………………………………30
Find exam………………………………………………………………………...70
Total…………………………………………………………………………….100

Required Text and Materials

Students will receive all course materials including the textbooks in their course package.

 Hilton, Murray, and Darrell Herauf. Modern Advanced Accounting in Canada. Fifth edition. Toronto, ON:
McGraw-Hill Ryerson, 2008. ISBN:-13: 978-0-07-097111-0.
 Financial Accounting: Consolidations & Advanced Issues. FA4 CD-ROM. Vancouver, BC: CGA- Canada,
2010.
 Ethics Readings Handbook. Third edition. ERH CD-ROM. Vancouver, BC: CGA-Canada, 2009

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