This course builds on Financial Accounting I - MS25A which is a pre-requisite. It is designed to develop :

• competence in handling accounting data;
• sound theoretical basis for a critical evaluation of accounting concepts, terminology and current practices;
• awareness to deal with controversies, conflicts and shortcomings which exist within the traditional structure of accounting theory.

The course will include theory and practice in relation to both private and public entities of a wide variety in the following areas:

• Company Accounts including capital re-construction, group accounts, valuation of business and bases of evaluations.
• Profit available for distribution as dividends, and dividend policy.
• Preparation of Financial Statements to accord with legislation, accounting standards and generally accepted principles in modern practice.
• Treatment of Taxation, Reserves and Provisions in accounts.
• Annual Report to Share/Stock holders and disclosures.
• Accounting for Changing Price levels.
• Public Sector Accounting Principles, Methodology (Jamaica).
• Branch Accounts - Foreign Branches.
• Accounting for leases.
• Framework of Accounting.

Please click HERE to access course materials.