KENYATTA UNIVERSITY
QUALITY MANAGEMENT SYSTEM
Ref.:
KU/ACAD/SOB/8.5-3
Ver.:
1.0
SSSS
School:
Kenyatta University School of
Business (KUSOB)
Department:
Accounting and
Finance
Title:
Course Outline
Date:
17th September, 2018
1
1.
Title of the Course
BAC 301: ADVANCED FINANCIAL ACCOUNTING I
42 Credit Hours/Lecture Hours
2.
Prerequisites to
the Course
BAC 200: Accounting for Assets
BAC 201: Accounting for Liabilities and Equities.
3.
Purpose of the
course
To develop students ability to account for changes in partnerships,
prepare published financial statements, account for price level
changes and account for income taxes.
4.
Expected
Learning
Outcomes of the
Course
By the end of the course it is expected that the student should be
able to:
a) Deal with the more complex aspects of partnership
accounting dealing with realignments and dissolutions;
b) Deal with accounting for the conversion of a partnership
into a limited liability company;
c) Know the preparation of financial statements in
accordance with the provisions of the Companies Act, and
Legislation relating to other accounting entities
KENYATTA UNIVERSITY
QUALITY MANAGEMENT SYSTEM
Ref.:
KU/ACAD/SOB/8.5-3
Ver.:
1.0
SSSS
School:
Kenyatta University School of
Business (KUSOB)
Department:
Accounting and
Finance
Title:
Course Outline
Date:
17th September, 2018
1. PARTNERSHIP ACCOUNTS
• Dissolutions of partnership
➢ Assets sold at once
➢ Piece meal dissolution
• Amalgamations.
• Conversion into a limited labiality company
2. PUBLISHED FINANCIAL STATEMENTS
• Notes to the statement of changes in net assets
• Directors fees
