Professional Documents
Culture Documents
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4.0 Course Contents
Week(s) Topic Reference Material
Review of Preparation and Presentation of Financial
Statements (Including IFRSs covered already)
IASB Conceptual Framework for Financial
Reporting
1-2 Statement of comprehensive income
Statement of financial position
Statement of changes in equity
Statement of cash flows
Notes to the financial statements
Financial Statements of Financial Institutions
Relevant provisions of the Banking Act, 2004 (Act
673)
3-4 Relevant IFRS provisions relating to banks
Preparation and presentation of financial statements
of banks
Relevant provisions of the Insurance Act, 2006 (Act
724)
IFRS 4/IFRS17 Insurance Contracts
Preparation and presentation of financial statements
of insurance companies
IFRS 16 Leases
5-6 Some definitions under IAS 17
Finance Lease
Operating Lease
Sale and Leaseback
IAS 19 Employee Benefits
Short- Term Employee Benefits
7 Post- Employment Benefits
Defined Contribution Plans
Defined Benefit Plans
Analysis and Interpretation of Financial Statements
Meaning and Uses of Ratios
Techniques of Financial Statement Analysis
Types of Ratios Analysis
8-9 The working capital cycle
Analysing the statement of cash flow
Limitations of ratio analysis
Limitations of financial statements
Writing of report
IAS 33 Earning per share
Net profit attributable to ordinary shareholders
Weighted average number of ordinary shares
10 Diluted earnings per share
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Share warrants and options
Dilutive potential ordinary shares
IAS 10 Events after the reporting period
11 Adjusting events
Non-adjusting events
Introduction to Consolidated Financial Statements
12 IAS 27 Separate Financial Statements
IFRS 3 Business Combination
IFRS 10 Consolidated Financial Statements
1. ACCA (2017) Paper F7 Financial Reporting: complete text. London: Kaplan Publishing.
2. Addo, A. (2017) Financial Reporting Accra: Kedard Office Equipment Services
3. Companies Code 1963, (Act 179)
4. ICAG Manual (2017) Financial Reporting
5. ICAG Manual (2017) Corporate Reporting
6. www.iasplus.com and www.ifrs.org
In order to have fruitful discussions during lectures, students are expected to read around the
topics ahead of time. Summaries and updates of the relevant standards can be accessed from
the two websites provided above. Students must make it a habit to read at least summaries of
the relevant standards. Group discussions are highly recommended on this course. Every
student must belong to a group and actively participate in group activities.
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Usually awarded to students whose performance is not considered to meet the minimum
requirements set for particular tasks. The fail grade may be a result of insufficient
Fail 0-49
preparation, of inattention to assessment requirements or lack of academic ability. A
frequent cause of failure is lack of attention to subject or assessment requirements.
Note that the above is not indicative of grading scale. The University of Cape Coast grading scale
applies at all times.
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Mini-skirts, sun dresses, peasant dresses/shirts, beach dresses, and spaghetti-strap dresses are
inappropriate.
Under no circumstance should shorts be worn to the class. Jeans trousers can be worn. No shorts.
Low-cut blouses which reveal cleavage are unacceptable.
Students are required to dress like professional executives once every month; usually, the first
lecture of each month. Students are also to dress like professional executives during end-of-
semester examinations.
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