This course covers the students’ ability to demonstrate understanding and application of accounting principles and standards relating to: nature and composition of accounts, initial recognition, measurement and valuation, subsequent events and transactions, subsequent measurement and recognition of losses due to impairment and other causes, related party transactions, financial statement presentation and disclosures.
This also covers
concepts and principles in advanced financial accounting and reporting which
include: accounting for partnerships,
corporate liquidation, joint arrangements, revenue recognition, home
office and branch/ principal and agency transactions, business combinations and
consolidations, foreign currency transactions and translations, not for-profit
organizations, including government accounting and cost accounting
and treatment and
presentation of consolidated
financial statements.
- Teacher: acha arleen glaze
- Enrolled students: 11