COST AND MGT ACCOUNTING /GISENYI CAMPUS

After completing this course the student should be able to demonstrate the knowledge and ability about: Costs terms, concepts and classifications; labor costing and costs prediction; costs computation and income statements preparation under variable costing method and oppose it to full absorption; analysis of cost, volume and profit; and then, understand how different budgets are prepared.

The course Generally  focuses on the Application of Cost accounting and management Accounting techniques and tools to facilitate decision making by the management

Enterprise Career Planning and Development

The uncertainty of the labour market often results in organizations restructuring by “downsizing” or “rightsizing” their employees. Regardless of the terms used for this process, the truth is that employees are losing their jobs as organizations reduce work force, transfer operations overseas or restructure to improve earnings. The result is often significant employee layoffs. Organizations may rely on internal or external career management professionals to assist with planning the layoffs, providing support to impacted employees (those losing their jobs and also the “survivors” who have been left behind), and providing transition or outplacement services. This course will explore the specific challenges of employee assessment, career planning and development and working within the field of outplacement or career transitions and highlight the great sensitivity required by people who do this work.

ENTERPRISE ADVANCED ACCOUNTING II

Aim

 

The aim of this subject is to ensure that students apply the appropriate judgment and technical ability in the preparation and interpretation of financial statements for complex business entities. Students must also be able to evaluate and communicate the impact of current issues and developments in financial reporting to those who may not have that technical expertise.

 

Learning Outcomes

 

On successful completion of this subject students should be able to:

 

      Apply and explain the acquisition method of accounting and related disclosure requirements in financial statements and notes.

 

         Interpret and apply international financial reporting standards (including reference to IPSAS) and interpretations adopted by the IASB selecting the appropriate accounting treatment for transactions and events

 

         Analyze and evaluate financial statements.

 

         Write detailed reports, tailored to the technical understanding of the different user groups.

 

         Evaluate and discuss the main accounting issues currently facing the professional accountant in the field of financial accounting.

 

         Demonstrate appropriate professional judgement and ethical sensitivity.

 

Syllabus:

 

1.         Legislation

 

•  Company Law relating to the preparation of all financial statements

 

2.                  Preparation of Financial Statements (Including Consolidated Financial Statements)

 

         Statutory financial statements for incorporated entities

 

         Consolidated financial statements.

 

         Re-Construction & Re- Organization

 

         Effects of Inflation

 

         Social Responsibility Accounting

 

         Environmental Accounting

 

3.         International Financial Reporting

 

         An in depth knowledge of all technical pronouncements currently in issue with particular reference to their application to practical situations (including reference to the public sector).

         Current issues in financial reporting

 

• International Accounting Standards and International Financial Reporting Standards - (Revised) Presentation of Financial Statements


5

 

 

-        Property, Plant & Equipment

-        Impairment of Assets

 

-  Accounting for Government Grants & Disclosure of Government Assistance

-        Leases

 

-        Investment Properties

-        Intangible Assets

-        Inventories

 

-

Provisions,

Contingent Liabilities & Contingent Assets

-

Events after the Balance Sheet Date

-

Accounting

Policies, Changes in Accounting Estimates & Errors

 

-        Cash Flow Statements

-        Non-Current Assets

 

-        Income Taxes

-        Revenue

-        Financial Instruments

 

-        Interim Financial Reporting

-        Related Party Disclosures

 

4.                 Analysis, Evaluation and Interpretation of Financial Statements

 

      Ratio analysis and cash flow analysis.

 

      Critical appraisal of financial statements; and

 

      Interpretation of financial statements and preparation of reports thereon.