UNIVERSITY OF NAMIBIA CENTRE FOR EXTERNAL STUDIES ...

Financial Accounting 2ACAFE3751NQA level: 7 Credits: 16 Module assessment: CA (50%) Examination (50%) - 1 x 3 hour paperPrerequisites: CAFE3631/2 Financial Accounting 1A and 1BModule description:The purpose of this module is to introduce the students to intermediate aspects of financial accounting and to explain the recognition,measurement and disclosure of various items in the annual financial statements in accordance with IFRS (International FinancialReporting Standards). The detailed contents are as follows: revenue (IAS18), accounting policies, changes in accounting estimates, anderrors (IAS8), related party disclosures (IAS24), earnings per share (IAS33), property, plant and equipment (IAS16), inventories (IAS2),provisions, contingent liabilities and contingent assets (IAS37), events after balance sheet date (IAS10), intangible assets (IAS38)Financial Accounting 2BCAFE3752NQA level: 7 Credits: 16 Module assessment: CA (50%) Examination (50%) - 1 x 3 hour paperPrerequisites:CAFE3631/2 Financial Accounting 1A and BModule description:The detailed contents are as follows: International Financial Reporting Standards (IFRS) – Impairment of assets (IAS36), investmentproperty (IAS40), non-currents assets held for sale and discontinued operations (IFRS5), borrowing costs (IAS23), segment reporting(IAS14), Introduction to group financial statements consolidated and separate financial statements (IAS27) – business combinations(IFRS3), definitions, consolidation at and after date of acquisition, intra group transactions, preference shares and dividends, sundryaspects.Financial Accounting 3ACAFE3871NQA level: 8 Credits: 16 Module assessment: CA (50%) Examination (50%) - 1 x 3 hour paperPrerequisites: CAFE3751/2 Financial Accounting 2A & 2BModule description:The detailed contents are as follows; Group statements: interim acquisition, complex groups, insolvent subsidiaries, non-consolidatedsubsidiaries, investments in associates (IAS28), interests in joint ventures (IAS31), change in the nature and extent of control, income tax(IAS12), construction contracts (IAS11), leases (IAS17), employee benefits (IAS19).Fundamentals of Accounting ACAFE3581NQA level: 5 Credits: 12 Module assessment: CA (50%) Examination (50%) - 1 x 3 hour paperPrerequisites: NoneModule description:The detailed contents are as follows: Introduction to the basic principles of accounting – nature and function of accounting andaccounting theory, the history and development of accounting, the statements of financial position and of comprehensive income and ofchanges in equity and its elements. Determining the information needs of different users, Collecting and processing accounting data, theaccounting cycle, designing source documents, Journalising, posting entries from journal to the ledger, Creating subsidiary ledgers andControl accounts and Compiling a trial balance before adjustments. Determining and recording adjustments. Recording closing entries,compiling a worksheet in the closing-off procedure and compiling a post-closing trial balance. Preparing financial statements for a soleproprietor, non-profit organisations and trading and service entities; The cost concept - determination of the Cost of Goods Sold (COGS).Creating a complete accounting system that will fulfil the requirements of a specific entity.Fundamentals of Accounting BCAFE3582NQA level: 5 Credits: 12 Module assessment: CA (50%) Examination (50%) - 1 x 3 hour paperPrerequisites: NoneModule description:The detailed contents are as follows: Introduction to the framework for the preparation and presentation of financial statements (FRW),financial position, financial performance, determining profit and preparing financial statements, accounting for current and non-currentassets – cash and cash equivalents, trade and other receivables, inventory, property, plant and equipment and other non-current assets,accounting for current and non-current liabilities. Introduction to VAT (Value Added Tax). Inventory systems.Management Accounting 1ACAAM3691NQA level: 6 Credits: 12 Module assessment: CA 50% Examination 50% - 1x 3 hour paperPrerequisites: NoneModule description:Introduction to Cost and Management Accounting: cost concepts and cost flows, cost behaviour and systems for recording andcontrolling costs, product and period costs, and prime and conversion costs: Material and labour costs: raw material costs and inventory160