FACULTY OF ACCOUNTING AND FINANCE

DEPARTMENT OF ACCOUNTING
UNDERGRADUATE
COURSE STRUCTURE AND OUTLINE (SYLABUS)
A. COURSE DETAILS
COURSE CODE BACT 402 CREDIT HOURS 3 LEVEL 400

COURSE TITLE Corporate Reporting II

ACADEMIC YEAR 2023/2024 SEMESTER SECOND

PROGRAMME[S] Bachelor of Science in Accounting

COURSE URL: http//: Moodle platform

B. COURSE INSTRUCTOR DETAILS

NAME: Course Lead Francis J. Tagoe

OFFICE LOCATION Faculty of Accounting and Finance Common Room, Rev. J.J. Martey
Hall
TELEPHONE 0209066598 / 0248952570

EMAIL: Course Lead [email protected]

Email: HOD
COURSE Philomena Acquah, Collins Christian Mensah and Ahamed Baba Issah
LECTURER(S)
[email protected]
[email protected], [email protected]

C. COURSE DESCRIPTION
This is an in-depth course in corporate reporting which emphasizes the importance of Accounting and
Financial Reporting in today complex and changing business environment and the challenges that face
those who are members of the Accounting profession. The course content is carefully selected so as to
satisfy the requirements of International Financial Reporting Standards (IFRSs) and professional
accounting institutions. This course aims to apply knowledge, skills and the exercise of professional
judgment in the application and evaluation of financial reporting principles and practices in a range of
business contexts and situations. The course begins by introducing students to the professional and ethical
duty of the accountant. It then examines the financial reporting framework within which the accountant
operates and examines detailed financial reporting requirements for entities leading to the preparation of
group financial reports (i.e. complex groups) in accordance with generally accepted accounting practice
and relevant standards. Finally, the role of the accountant as financial analyst and adviser through the
assessment of financial performance and position of entities as well as business valuation techniques are
covered in this course.

D. COURSE OUTCOMES
At the end of the course, you should be able to;
a. Discuss the professional and ethical duties of the accountant
b. Apply the International Financial Reporting Standards to the treatment of items in the financial
statements
c. Prepare consolidated financial statements (complex group) in accordance with IFRS
d. Explain the framework for the preparation and presentation of financial statements
e. Analyze and interpret financial statements and write a comprehensive report based on the
findings.
f. Explain the valuation of a business and the various bases of valuation

E. COURSE OBJECTIVES
At the end of the course, you should be able to:
a. Understand the professional and ethical duties of the accountant
b. prepare financial statements in accordance with IFRSs
c. apply IFRS accounting and disclosure requirements to a wide range of scenarios;
d. prepare consolidated financial statements with subsidiaries, complex group structure
e. Explain the contribution and inherent limitations of financial statements in meeting stakeholders’
needs for financial information
f. Calculate ratios and explain their use in the interpretation of accounting information.
g. Explain share and business valuation

F. COURSE OUTLINE IN A WEEKLY FORMAT

WEEK LESSONS/MODULES/ACTIVITIES
DISCUSSION OF COURSE OUTLINE AND LEARNING CONTRACTS FOR
THE SEMESTER.

CORPORATE SOCIAL RESPONSIBILTY: ENVIROMENTAL, SOCIAL AND

WEEK 1 SUSTAINABILITY REPORTING
1. Environmental reporting
2. Sustainability
3. Social responsibility
4. Human resource accounting
5. Integrated reporting

FINANCIAL INSTRUMENTS (IAS 39, IFRS 7, IFRS 9)

1. Explain what is financial asset, financial liability and equity instrument. Applicable
Standards
2. Differentiate between these financial instruments.
WEEK 2
3. Understand various components of financial assets, financial liabilities and equity
instruments.
4. Recognition and measurement and presentation these financial instruments in the
financial statements.
 FINANCIAL INSTRUMENTS (IAS 39, IFRS 7, IFRS 9) CONT’
5. Explain what is financial asset, financial liability and equity instrument. Applicable
Standards
6. Differentiate between these financial instruments.
WEEK 3
7. Understand various components of financial assets, financial liabilities and equity
instruments.
8. Recognition and measurement and presentation these financial instruments in the
financial statements.

EMPLOYEE BENEFIT SCHEMES (IAS 19)

1. Pension Accounting
2. Pension Exercises
WEEK 4 3. Short Term Benefits
4. Curtailment
5. Asset Ceiling

SHARE BASED PAYMENTS (IFRS 2 )

ANALYSING AND INTERPRETING FINANCIAL STATEMENTS

1. Calculation and interpretation of accounting ratios and trends to address users and
WEEK 5
stakeholders needs
2. Limitations of financial statements
3. Limitations of interpretation techniques

SHARE AND BUSINESS VALUATION

WEEK 6
Mid-Semester Examinations – IA

REVISION OF BASIC GROUPS CONSOLIDATED ACCOUNTS

1. IFRS 3 (revised): Main points
2. IFRS 10 Consolidated financial statements
WEEK 7 3. IFRS 3 (revised), IFRS 13 and fair values
4. IAS 28 Investments in associates and joint ventures
5. IFRS 12 Disclosure of interests in other entities

COMPLEX GROUPS
1. Complex groups
WEEK 8 2. Consolidating sub-subsidiaries (Vertical Structure)
3. Direct holdings in sub-subsidiaries

COMPLEX GROUPS AND JOINT ARRANGEMENTS

1. Consolidating mixed groups
WEEK 9 2. Direct holdings in mixed groups
3. IFRS 11 Joint arrangements

CHANGES IN GROUP STRUCTURES

1. Business combinations achieved in stages
WEEK 10 2. Step Acquisitions
3. Changes in direct ownership
G. COURSE TOPICS CREDIT HOURS ACTIVITIES AND READINGS IN A WEEKLY
FORMAT
WEEK TOPICS CREDIT ACTIVITIES READING
HOURS LIST
DISCUSSION OF COURSE 3 Introduction to ACCA (2017)
OUTLINE AND LEARNING Course Outline, Study Text on
CONTRACTS FOR THE Lecture, Discussion Corporate
SEMESTER. Reporting Paper
P2, BPP
CORPORATE SOCIAL Publishing Inc.
RESPONSIBILTY: Pg505
ENVIROMENTAL, SOCIAL
WEEK 1 AND SUSTAINABILITY
REPORTING
Financial Instruments (IAS 39, 3 Lecture Class Institute of
IFRS 7, IFRS 9) Discussion, Class Charted
Test Accountants
WEEK 2 (Ghana) (2019)
Corporate
Reporting Paper
3.1: Accra
Pg 437-511
Financial Instruments (IAS 39, 3 Lecture Class Institute of
IFRS 7, IFRS 9) Discussion, Class Charted
Test Accountants
WEEK 3 (Ghana) (2019)
Corporate
Reporting Paper
3.1: Accra
Pg 437-511
Employee benefits (IAS 19) 3 Lecture Class Institute of
Discussion, Class Charted
Share based payments (IFRS 2 ) Test Accountants
(Ghana) (2019)
WEEK 4 Corporate
Reporting Paper
3.1: Accra

Pg 371-410

ANALYSING AND 3 Lecture Class Institute of

INTERPRETING FINANCIAL Discussion, Class Charted
STATEMENTS Test Accountants
WEEK 5 (Ghana) (2019)
Corporate
Reporting Paper
3.1: Accra
Pg881
SHARE AND BUSINESS 3 Lecture Class Institute of
VALUATION Discussion, Class Charted
WEEK 6
Test Accountants
(Ghana) (2019)
Corporate
 Reporting Paper
3.1: Accra
Pg 999
REVISION OF BASIC 3 Lecture, Class ACCA (2017)
GROUPS CONSOLIDATED Discussions, Class Study Text on
ACCOUNTS Test Corporate
WEEK 7 Reporting Paper
P2, BPP
Publishing Inc.
Pg345
COMPLEX GROUPS AND 3 Lecture, Class ACCA (2017)
JOINT ARRANGEMENTS Discussions, Class Study Text on
Test Corporate
WEEK 8
SUB-SUBSIDIARY Reporting Paper
(VERTICAL STRCUTURE) P2, BPP
Publishing Inc.
Pg393
COMPLEX GROUPS AND 3 Lecture, Class ACCA (2017)
JOINT ARRANGEMENTS Discussions, Class Study Text on
Test Corporate
WEEK 9
MIXED GROUP Reporting Paper
P2, BPP
Publishing Inc.
Pg393
CHANGES IN GROUP 3 Lecture, Class ACCA (2017)
STRUCTURES Discussions, Class Study Text on
WEEK Test Corporate
10 STEP ACQUISITION Reporting Paper
P2, BPP
Publishing Inc.
Pg419

H. COURSE ASSIGNMENT
1. There will be Quiz, Class Tests /assignment.
2. Group Assignment
3. Interim Assessment Examination will be conducted
4. Attendance

I. TEACHING METHODS
1. Lectures, in-class short tests, homework
2. Power point presentation
3. Explanation on board

J. COURSE INSTRUCTIONS
1. Students must not use phones during lecture hours.
2. Students who are twenty (20) minutes late to class would on the first lateness be warned but would
be asked to stay away from the class for subsequent lateness.
3. Class attendance is mandatory and students must participate in all activities in class.
4. All assignments must be submitted on due dates.

K. READING LISTS/REFERENCES

BASIC TEXT BOOKS

ACCA (2017) Study Text on Corporate Reporting Paper P2, BPP Publishing Inc.
Institute of Charted Accountants (Ghana) (2019) Corporate Reporting Paper 3.1: Accra
Addo, A (2011) Corporate Reporting. Accra, Black Mask Limited

SUPPLEMENTARY TEXT BOOKS

International Accounting Standards Board, International Financial Reporting Standards (IFRSs) (2013).
London
Finch, C (2008) A Student’s guide to International Financial Reporting Standards. Wokingham,
Berkshire; Kaplan Publishing.
Kirk, R. J (2005) International Financial Reporting Standards in Depth Volume 1: Theory and Practice
London: Elsevier Butterworth Heinemann
Clendon, T (2009) A Student’s guide to group accounts. Wokingham, Berkshire: Kaplan Publishing

L. GENERAL INFORMATION

1. COURSE ASSESSMENT
Assessment may involve a mixture of quizzes, assignment, group work and presentations. All these will
form the basis for taking part in interim assessment as well as end of semester examinations. Allocation
of marks shall be as follows
Quizzes/Presentations/Assignments/group work...15%
Interim Assessment ........................................... 20%
Attendance ……………………………………….5%
End of Semester Exams ………………...……….. 60%
Total …………………………….. ..100%

Grade Aggregate
A 80% - 100%
B+ 75% - 79%
B 70% - 74%
B- 65% - 69%
C+ 60% - 64%
C 55% - 59%
C- 50% - 54%
D 45% - 49%
F 0 – 44%

SERVICE EXCELLENCE