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 and 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 and unrealised profits in stock
  • Consolidated balance sheet
  • Consolidated profit and loss
  • Associated companies

Issues in Financial Reporting

  • Alternatives to historic cost accounting
  • Social accounting
  • Accounting as an information system

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