Official NUC CCMAS syllabus

ACC 201 — Financial Accounting I

ACC department course · Nigerian universities

What you'll be able to do (official learning outcomes)

• appreciate the framework for the preparation and presentation of financial statements
• prepare simple financial statements of a limited liability company
• account for borrowing cost
• discuss accounting for government grants
• define relevant terms under IFRS 15 – Revenue
• account for inventory

Course contents

IASB framework for the preparation and presentation of financial statements. Introduction to IFRS 15 – Revenue and IAS 1. Presentation of Financial Statements. IAS 2. Accounting for inventories. Introduction to IAS 8 – Accounting policies, IAS 16 – Property, plant and equipment, IAS 20 – Government Grants and IAS 23 – Borrowing Costs. 38

Source: the Nigerian Universities Commission (NUC) Core Curriculum and Minimum Academic Standards (CCMAS). StudyOps loads this syllabus automatically when you study ACC 201.

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