Professional Documents
Culture Documents
Course Outline
Course Outline
3 WEEKS 1. Inventories
{1ST,2ND&3RD } 1.1. Nature and definition of inventories
1.2. Importance of inventory
1.3. Internal control of inventories
1.4. The effect of inventory errors on the financial
statements
1.5. Inventory system
1.6. Inventory costing under periodic system
1.7. Inventory costing under perpetual system
1.8. Valuation of inventory at other than cost (LCNRV)
1.9. Estimating inventory costs
1.10. Presentation of merchandise inventory in the financial
statements
3 WEEKS 2. Property, Plant & equipment, Intangible Assets and Natural
{ 4TH ,5TH& 6TH } Resources
2.1. Property, plant & Equipment
i. Nature of PPE
ii. Cost of PPE(Measurement at the time of recognition)
iii. Measurement after recognition
a. Depreciation of PPE
b. Capital expenditures and revenue expenditures
iv. Disposal(Derecognition) of PPE
v. Internal controls of plant assets
vi. Presentation of PPE on the balance sheet
2 WEEKS
7. Public enterprises in Ethiopia
{15TH, 16TH } 7.1. Characteristics of public enterprises
7.2. Overview of proclamations pertinent to public enterprises
7.3. Organization, operation, and liquidation of public enterprises
7.4. Privatization of public enterprises
Teaching & The teaching and learning methodology include lecturing, discussions, problem
Learning solving, and analysis. Take-home assignment will be given at the end of each chapter
Methods/strategy for submission within a week. Solution to the assignments will be given once
assignments are collected. Cases with local relevance will also be given for each
chapter for group of students to present in a class room. The full and active
participation of students is highly encouraged.