Financial Accounting II

Learning Outcomes

Upon successful completion of this course, students are expected to be able to prepare financial statements according to GAAP and IFRS standard, describe the guidelines of company income taxes report, identify and analyze accounting practice issues, apply appropriate IFRS standard on certain accounting issues, explain consequences of event for which firms account and report.

Topics

This course provides technical accounting skills which equip students to comprehend delicate accounting issues that a company may experience. The material covered in this course includes: current liabilities and contingencies, long term liabilities, dilutive securities and earnings per share, revenue recognition, accounting changes, and analysis.

Prerequisite: AC318 –  Financial Accounting 1