FIN22 Business Accounting

Module Name
Business Accounting
Module Code
Justice Kyei-Mensah
Phase 1 realted modules ( FN) or equivalent
This course aims to extend the knowledge gained during the first year of study. In particular, the course focuses on companies and larger financial concerns, as well as looking at practical issues such as costing, budgets and financial planning.
  • To increase the student awareness on different types of business entities, it’s legal documents and share issues
  • Understand the accounting treatment of takeovers
  • Comprehend the Accounting standards related with preparation & presentation of financial statements of Groups
  • Prepare Consolidated financial statements
  • Understand the treatment of indebtedness and un-realised profits
  • Analyze financial statements using ratios

Chapter 3: Limited companies: general background
Chapter 4: The issues of shares and debentures
Chapter 6: Limited companies taking over other businesses
Chapter 8: Provisions, reserves and liabilities
Chapter 10: Accounting standards and related documents
Chapter 11: The financial statements of limited companies: profit and loss accounts, related statements and notes
Chapter 12: The financial statements of limited companies: balance sheets
Chapter 16: Group financial statements: an introduction
Chapter 17: Consolidation of balance sheets: basic mechanics (I)
Chapter 18: Consolidation of balance sheets: basic mechanics (II)
Chapter 19: Intercompany dealings: indebtedness and unrealised profit in stocks
Chapter 21: Intra-group dividends
Chapter 22: Consolidated balance sheets: sundry matters
Chapter 23: Consolidation of the financial statements of a vertical group of companies
Chapter 24: Consolidated profit and loss accounts
Chapter 27: Accounting ratios
Chapter 28: Interpretation of financial statements
Chapter 29: Accounting theory
Chapter 30: Current cost accounting


Instruction / Study Load


24  Lesson hours
8  Preparation Lesson hours
21 Assignments / Homework hours
20 Exam and exam preparation hours
39 Literature ( Depending on the length and difficulty of the book ) hours

The course uses 240 pages from the book where:

  • 150 pages easy reading and understanding material –21  hours
  • 90 pages average reading and understanding material –18  Hours


  • Difficult reading and understanding material – 3 pages per hour
  • Average reading and understanding material – 5 pages per hour
  • Easy reading and understanding  material – 7 pages per hour

Total 112 Hours

IBA Final Qualification Mapping
Mapped with numbers 13, 16 and 18 See the EEG for further reference.
Teaching Language
Teaching Methods
  • Classroom lecturing
  • Case study discussions
  • Feedback and presentation sessions
  • Video and film
  • Discussion sessions
  • Research Papers
Module / Lecture and seminar status
Testing and assessment
Written Examination (1) See the EEG for further reference.
European Credits
Required literature
  • Business Accounting Volume 2,; Frank Wood and Alan Sangster Financial Times Press; ISBN13: 9780273712138, ISBN10: 0273712136