1.Course Code ACC 302. /Course title: FINANCIAL ACCOUNTING IV
2.Lecturers: Rev Fr Wilfred Agu, ACA. And Miss Ogechukwu Ugwoke, Dr. CHINWEODA OSMUND UGWU
3.Program: Accounting Degree, Faculty of Management/Social Sciences.
4.Introduction: The financial accountant helps the entity to prepare its financial statement to present a true and fair view of its financial position and financial performance. Hence this course will be considering statutory Books maintained by a limited liability company, issue of Shares,debenture and loan stock and the preparation of company’s final account..Other problems that will be considered include: Accounting for Price level change, definition of accounting profit and current income, meaning/changes and measurement of changes in the value of money Lastly we will be considering financial ratios, types, uses, computation, analysis and limitations of financial ratio
Course Outline
--Statutory books maintained by a limited Liability Company
--Differences between partnership and Limited Companny
--Further Treatment on issue of Share, debenture and loan Stock
--Preparation of Company’s Final Account
--Forms of Final Account
--Presentation of Company’s financial statement
--End of the year adjustment in final accounts
--Accounting for Price level Change
--Definition of accounting profit and current income
--Meaning/changes in the value of money, measuring changes in the value of money
--Financial ratio:
--Types of financial ratio
--/Uses of financial ratio,
-- computation/ and analysis of financial ratio
--Limitations of financial ratio- Lecturer : CHINWEODA OSMUND UGWU