UNIVERSITY OF NAIROBI

SCHOOL OF EDUCATION

TBS 204 ACCOUNTING FOR ASSETS

COURSE OUTLINE

FACILITOR: DR KENNEDY OKIRO 0722 493292

The course is designed to expose students to the finer details of the financial accounting concepts introduced in the first year course with specific reference to the asset items that feature in the financial statements. It will endeavor to explore the application of accounting theory, standards, principles and procedures in valuation of these assets items.

 

Basic texts and readings

1.      A.N Mosich and E. John Larsen. Intermediate Accounting 5^th Edition

2.      Welsh Zlarkovich. Intermediate Accounting 3^rd Edition

3.      Siegel and Shim. Financial Accounting

4.      G.A Less. Modern Financial Accounting

5.      International Accounting Standards

6.      International Financial and Reporting Standards

7.      Others to be announced in class

Methodology

The course will be conducted mainly by way of lectures, tutorials, assignments and class discussion of the assigned material

Evaluation

Assignments           10%

2 CATS                   20%

Final Exam             70%

Total                      100%

Note: Class attendance is mandatory and all assignments must be handed I before the deadline.

Detailed Outline

Topic 1          Conceptual framework of accounting

Topic 2          Financial statements and additional disclosures

Topic 3          Accounting for cash and short-term investments

Topic 4          Accounting for receivables

Topic 5          Accounting for inventory

                       CAT 1

Topic 6          Accounting for plant assets

Topic 7          Accounting for intangible assets

Topic 8          Accounting for long-term investments

Topic 9          Accounting for leases

                       CAT 2