Uhasibu

Mada

• Demonstrate mastery of the concepts, theories and principles of accounting

  Mada 4

  • Demonstrate an understanding of concepts and principles of accounting

    Mada 4

    • Describe the concepts and principles applied in preparing records and financial statements relating to dissolution and amalgamation of partnerships (meaning, reasons/causes, procedures and realisation)→
    • Describe the concepts and principles applied in preparing records and financial statements relating to companies (meaning, types, reserves, retained earnings, dividends and procedures for raising share capital)→
    • Describe the concepts and principles of cost and management accounting (Cost accounting: meaning, importance and classification of costs; Cost-Volume-Profit model: meaning, assumptions and limitations, contribution margin and break-even point; Budgeting: meaning, objectives and types)→
    • Describe the concepts and principles relating to the analysis and interpretation of financial statements (meaning, objectives, techniques, categories of ratios and limitations)→

• Prepare accounting reports

  Mada 4

  • Prepare and maintain accounting records

    Mada 2

    • Prepare and maintain accounting records and financial statements relating to dissolution and amalgamation of partnerships (accounts and statements before and after dissolution and amalgamation)→
    • Prepare and maintain accounting records and financial statements relating to limited companies (ledger accounts for issue of shares, statements of profit/loss and other comprehensive income, financial position, cash flows and changes in equity excluding debentures, forfeiture and reissue of shares and redemption of preference shares)→

  • Use accounting principles

    Mada 2

    • Classify costs by behaviour and perform Cost-Volume-Profit (CVP) analysis (compute the break-even quantity and revenue, target quantity and revenue excluding multiple products)→
    • Prepare operating budgets (sales, production, purchases, direct labour, overheads and master budget excluding credit sales and credit purchases)→

• Demonstrate mastery of professional ethics

  Mada 1

  • Demonstrate an understanding of the principles and practice of professional ethics in accountancy

    Mada 1

    • Describe the professional code of ethics for Accountants (integrity, objectivity, professional competence and due care, confidentiality and professional behaviour)→

• Use ICT to analyse financial statements

  Mada 1

  • Use computer programs to carry out financial analysis

    Mada 1

    • Use accounting packages to analyse financial statements (profitability, liquidity, efficiency and financial leverage ratios excluding market-based ratios)→