Name of University Haramaya University Name of College College of Business and Economics Name of Department Accounting and Finance Course Information Course Number AcFn 2082 Course Title Financial Acc[.]
Name of University: Haramaya University Name of College : College of Business and Economics Name of Department: Accounting and Finance Course Information Course Number Course Title Degree Program Module Lecturer ETCTS Credits Contact Hours (per week) AcFn 2082 Financial Accounting II BA Degree in Accounting and Finance Financial accounting and reporting Dawit A Course Objectives & Competences to be Acquired The course is designed in such a way that it gives targeted students in – depth understanding of theoretical & Practical framework and principles of financial accounting The exercises and problems that the students are supposed to workout at the end of each chapter are expected to make the students internalize different business cases which may be similar to cases of real business entities in Ethiopia After completion of the course: Students are expected to: Acquire advanced knowledge on how to measure and report complex economic events of business enterprise Treat cases in financial accounting that would be covered in this course properly, especially in Ethiopian context Course Description This course is the continuation of Financial Accounting – I It is one of the core accounting courses offered by the department Like the first part, it is basically deals with theory of financial accounting for business organization It also tries to introduce students with the financial accounting applications in the Ethiopian business environment Topics included are: inventories, long term investment, debts and current liabilities Reading Course Contents Inventory cost and cost flow assumption 1.1 Inventory costing system 2.1 Inventory cost flow assumption 3.1 Others inventory valuation method Property, Plant, and Equipment 2.1 Characteristics of Property, plant, and equipment 2.2 Acquisition cost of PPE 2.3 Valuation of PPE 2.4 Treatment of costs incurred subsequent to acquisition 2.5 Depreciation and Depletion 2.6 Disposition of PPE 2.7 Types of intangible assets WEEKS 2.8 Impairment of intangible assets 2.9 R&D costs Current Liabilities, Provisions, and Contingencies 3.1 Nature and Types of current liabilities 3.2 Recognition and measurement of current liabilities 3.3 Contingencies 3.4 Presentation of current liabilities Non-Current Liabilities 4.1 Nature of long-term debt 4.2 Types of bonds 4.3 Accounting for term bonds 4.4 Accounting for serial bonds 4.5 Extinguishment of Long-Term Debt Accounting for Investments in equity and debt securities 5.1 Accounting for short-term investments in equity and debt securities 5.2 Nature of Long-Term Investments 5.3 Long-Term Investments in Common stock 5.4 Long-Term investments in Bonds 5.5 Special problems in Accounting for LongTerm Investments in Securities 5.6 Other Long -Term investments Shareholders’ Equity 6.1 Overview of Ethiopian company law 6.2 Types of shares (stocks) 6.3 Paid -in capital 6.4 Retained earnings 6.5 Dividends 6.6 Stock options and stock splits Assessment/Evaluation The evaluation scheme will be as follows: Mid exam Assignmen Final t1 30% Text and reference books Text Book: Reference Books 20% 50% Total 100%