Financial Accounting

University of the Western Cape

Course Description

  • Course Name

    Financial Accounting

  • Host University

    University of the Western Cape

  • Location

    Cape Town, South Africa

  • Area of Study

    Accounting, Finance, Management Science

  • Language Level

    Taught In English

  • Prerequisites

    FIA 241 or FIA 214 or passed the special assessment after completion of the FIA241 Winter
    School
    Prohibited module Combination: FIA225

  • Course Level Recommendations

    Upper

    ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.

    Hours & Credits

  • Host University Units

    20
  • Recommended U.S. Semester Credits
    4 - 5
  • Recommended U.S. Quarter Units
    6 - 7.5
  • Overview

    Main Outcomes:
    At the end of the module, the learner should be able to:
    Prepare and present company annual financial statements including the disclosure of
    relevant notes to the financial statements
    Calculate the effect on financial statements as result of management decisions relating to
    changes in accounting policies, estimates and the effect of fundamental errors
    Prepare basic business combinations
    Undertake financial analysis and interpretation of financial statements and report thereon
    Assess business and financial risk

    Main Content:
    Initial recognition and measurement, subsequent measurement and disclosure of the
    following selected elements of financial statements in terms of International Financial
    Reporting Standards (IFRS):
    Net profit, prior period errors and changes in accounting policy
    Events after reporting period
    Earnings per share
    Statement of cash flows
    Financial structure and financial instruments
    Financial analysis and decision making
    Basic business combinations
    Borrowing costs
    Interpretation of financial analysis of a company including the identification of any financial
    and business risk and reporting thereon
    Use the report writer of an accounting package to prepare reports to management on the
    financial performance and financial position of a company
    Capita selecta as determined by the Department of Accounting.

    Breakdown of Learning Time:
    Contact with lecturer / tutor: 56 hours, 3 lectures per week
    Assignments & tasks: 40 hours, .5 Practicals per week
    Practicals: 14 hours, 1 tutorial per week
    Assessments: 9 hours
    Self study: 81 hours

    Total Learning Time: 200 hours

    Method of Student Assessment 50% Tests, practicals & assigments
    50% Exam
    Assessment Module type: CFA

Course Disclaimer

Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.