Learning Outcomes
1. Prepare Financial Statements for - Non Profit Making Organizations.
2. Reconcile - Bank Statements.
3. Prepare Accounts and Financial Statements from - Incomplete Records.
4. Explain the Treatment of - Consignment and Joint Venture Accounts.
5. Prepare accounts for - Hire Purchase Transactions.
6. Distinguish the different bases of - Preparing Financial Statements.
7. Apply - International Financial Reporting Standards.
Course Overview (Video)
Course Curriculum
Unit 1. Incomplete Records
Unit 2. Accounts for Non - Profit
Unit 3. Inventories
Unit 4. Cash Flow Statements
Unit 5. Income Taxes
Unit 6. Property, Plant and Equipment
Unit 7. Leases (IFRS 16)
Unit 8. Revenue (IFRS 15)
Unit 9. Effects of Changes in Foreign Exchange (IAS 21)
Unit 10. Borrowing Costs
Unit 11. Impairment Assets (IAS 36)
Unit 12. Investment Property (IAS 40)
Unit 13. Provisions and Contingencies (IAS 37)
Unit 14. Intangible Assets (IAS 38)
Unit 15. Consignment and Joint Venture
Unit 16. Joint Venture Accounts
Unit 17. Hire Purchase Accounts
Unit 18. Final Mock Exam
Unit 1. Incomplete Records
Lecture 1. Incomplete Record Explained
Lecture 2. Opening Capital Unknown
Lecture 3. Cash Book Balance Unknown
Lecture 4. Credit Sales and Purchase Unknown
Unit 2. Accounts for Non - Profit
Lecture 1. Income and Expenditure Account
Lecture 2. Subscriptions Account
Lecture 3. The Statement of Affairs ( Activity 1)
Lecture 4. Preparing Subscriptions Account
Lecture 5. Preparing I & E Account (Activity 2)
Lecture 6. The Statement of Financial Position
Unit 3. Inventories
Lecture 1. The Cost of Inventories
Lecture 2. The Net Realisable Value (NRV)
Unit 4. Cash Flow Statements
Lecture 1. The Cash Flow Statement
Lecture 2. The Indirect Method (Activity 1)
Lecture 3. The Direct Method (Activity 2)
Unit 5. Income Taxes
Lecture 1. Accounting for Current Taxes
Lecture 2. Accounting for Deferred Taxes
Lecture 3. Provision for Deferred Taxes
Unit 6. Property, Plant and Equipment
Lecture 1. Property, Plant and Equipment Explained
Unit 7. Leases (IFRS 16)
Lecture 1. Leases Explained (IFRS 16)
Unit 8. Revenue (IFRS 15)
Lecture 1. IFRS 15 Revenue Explained
Lecture 2. The 5-step Framework
Lecture 3. Contract Asset
Unit 9. Effects of Changes in Foreign Exchange (IAS 21)
Lecture 1. 1AS 21 Effects of Exchange Rates Explained
Lecture 2. Computing Exchange Differences (Worked Example)
Unit 10. Borrowing Costs
Lecture 1. Accounting for Borrowing Costs
Lecture 2. Treatment of General Borrowings
Lecture 3. Determining Eligible Borrowing Costs
Unit 11. Impairment Assets (IAS 36)
Lecture 1. Impairments of Assets Explained
Unit 12. Investment Property (IAS 40)
Lecture 1. Investment Property Explained
Unit 13. Provisions and Contingencies (IAS 37)
Lecture 1. Provisions and Contingencies Explained
Unit 14. Intangible Assets (IAS 38)
Lecture 1. IAS 38 Intangible Assets Explained
Lecture 2. Research and Development Cost (Worked Example)
Lecture 3. Measurement of Intangible Assets
Unit 15. Consignment and Joint Venture
Lecture 1. Consignment Accounts
Unit 16. Joint Venture Accounts
Lecture 1. Joint Venture Accounts
Unit 17. Hire Purchase Accounts
Lecture 1. Hire Purchase Explained
Unit 18. Final Mock Exam
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CPA Innocent Mugisha is a Professor of Finance and Accounting with over 10 years' experience in teaching Accounting, Finance, Taxation, Auditing and Statistics related courses including hands-on courses on common accounting system such as tally, quickbooks and sunsystems both at University and Professional level. His qualifications are; PhD (candidate), MBA(Finance), CPA(U), FCCA, CIPS, CTA and BCOM (Accounting). Innocent has also published various books on most topics in Accounting and Finance for Business and Professional Studies.