Accounting III

Main Topics of Study:

Special Accounts

  • Joint Ventures
  • Bills of Exchange
  • Consignment Accounts
  • Branch Accounts
  • Hire Purchase Accounts
  • Partnership Dissolution
  • The Issue of Shares
  • Contract Accounts

Company Accounts

  • Taxation in Accounts
  • Published Accounts – Profit & Loss; Balance Sheet; Accompanying Notes / Cash Flow Statements

Regulatory Framework

  • Introduction
  • The ASB / SSAPs and FRSs

Interpretation of Financial Statements

  • Accounting Ratios

Group Accounts

  • Introduction
  • Inter-Company Dealings – Indebtedness & Unrealised Profits in Stock
  • Consolidated Balance Sheet
  • Consolidated Profit & Loss
  • Associated companies

Issues in Financial Reporting

  • Alternatives to Historic Cost Accounting
  • Social Accounting
  • Accounting as an Information System