COLLEGE OF BUSINESS EDUCATION

DAR ES SALAAM/DODOMA/MWANZA/MBEYA
ASSESSMENT PLAN

Module Name: Advanced Financial Reporting II

Module Code: ACU 08101
Qualification: NTA Level 8 – BACHELOR OF ACCOUNTANCY

1.0 INTRODUCTION
This assessment plan has been prepared by the College of Business Education (CBE) for the module named
Advanced Financial Reporting II. The assessor is intending to assess learning outcomes stipulated within the
NTA Level 8 curriculum flexibly based on student’s ability to apply/show the competences involving
application of skills and knowledge in a broad range of activities, most of which are non-routine.
This assessment plan has been developed in September 2022 to be implemented in academic year 2022/2023 in
the implementation of Competence Based Education and Training (CBET) Curriculum.

2.0 PRINCIPLES LEARNING OUTCOMES AND ENABLING OUTCOME

PRINCIPAL LEARNING ENABLING LEARNING OUTCOMES
OUTCOMES

2.0 Apply the basic techniques 2.1 Apply accounting knowledge and skills to advise on
in financial accounting, capital reorganization strategies.
Financial Reporting and
2.2 Apply different techniques for valuation of shares and
appropriate techniques in
business to enable the potential investor and purchaser of a
corporate reporting of local
business to make decision
and foreign entities
including specialized entities 2.3 Apply International Accounting Standards for presentation
on the matters encountered of financial information
by accountants in practice
for publishing.

3.0 ENABLING LEARNING OUTCOMES AND SUB ENABLING OUTCOMES

ENABLING LEARNING OUTCOMES SUB ENABLING OUTCOMES

2.1 Apply accounting knowledge and skills to 2.1.1 Employ corporate capital reconstruction
advice on capital reorganization and reorganization as revival strategy for
strategies. companies in financial distress.
2.1.2 Describe internal capital reconstruction
scheme.
 ENABLING LEARNING OUTCOMES
2.2 Apply different techniques for valuation of 2.2.1
shares and business to enable the potential
investor and purchaser of a business to make
decision
2.3 Apply International Accounting Standards
for presentation of financial information
4.0 SPECIFICATION OF COMPETENCES
SUB ENABLING OUTCOMES
2.1.3 Describe external capital reconstruction
scheme.
Describe the nature and purpose of
valuation of business and other financial
assets.
2.2.2 Apply different models in the valuation of
shares
2.2.3 Employ valuation techniques in the
valuation of debt securities and other
financial assets.
2.2.4 Apply efficient market hypothesis (EMH)
concepts and other practical
considerations in the valuation of shares.
2.3.1 Apply international Accounting Standards
to prepare corporate financial reports
(conceptual framework, IAS 1, IAS 2,
IAS 8, IAS 16, IAS 18, IAS 20, IAS 28)
2.3.2 Apply International Accounting Standards
to facilitate presentation of Published
Statements of Cash Flows.
2.3.3 Prepare accounts for specific components
using respective standards (IAS 10, IAS
33 and IAS 36) to comply with
International Accounting Standards
requirements.
2.3.4 Apply different methods of financial
accounting information translation to
combine the financial statement of foreign
subsidiary in the group financial
statements and financial statements of
branch with head office.
 Learning content and associated related tasks. Competences to be Number of tasks provided
assessed under continuous assessment
and end of semester
examination are 49

CA SE

Wider attributes
(27 ) ( 22 )

Understand
Knowledge

Skills
Sub-enabling outcome:
2.1.1 Employ corporate capital reconstruction and
reorganization as revival strategy for companies in
financial distress.

Related Tasks:
a) Define solvency and insolvency situations. √ √
b) Describe the main indicators of financial distress.
√ √

c) Assess the risk of corporate failure using a range

√ √
of evaluation methods (ratios, EVA, MVA)
d) Evaluate the viability of capital reconstruction as
√ √
revival strategy.
e) Differentiate internal capital reconstruction
scheme from external capital reconstruction √ √
scheme.
Sub enabling learning outcome:
2.1.2 Describe internal capital reconstruction scheme.
Related Tasks:
a) Identify and outline the reasons for internal
√ √ √
reconstruction of capital.
b) Explain provisions of companies’ act relating to
√ √ √
alteration of share capital.
c) Explain the provisions of companies act with
respect to reduction of share capital and variation √ √ √
of shareholders’ rights.
d) Record and post accounting entries for
√ √ √
reconstruction/reorganization transactions.
e) Prepare post-reconstruction statement of financial √ √ √
 Learning content and associated related tasks. Competences to be Number of tasks provided
assessed under continuous assessment
and end of semester
examination are 49

CA SE

Wider attributes
(27 ) ( 22 )

Understand
Knowledge

Skills
position.
Sub-Enabling Outcome:
2.1.3 Describe external capital reconstruction scheme.
Related Tasks:

a) Identify and outline the reasons for external

√ √ √
reconstruction of capital.
b) Explain different types of external capital
√ √ √
reconstruction schemes.
c) Explain the meaning of amalgamation, absorption
√ √
& takeover of businesses.
d) Record and post accounting entries for
amalgamation, absorption and takeover of √ √ √
businesses.

Sub-Enabling Outcome:
2.2.1 Apply different techniques for analyzing financial
statements to enable the calculations of different
ratios, percentages and any other techniques.

Related Tasks:
a) Explain different methods of analyzing financial
statements. √ √ √

b) Explain different criteria for choosing methods

for analyzing financial statements. √

c) Explain importance of financial statement

analysis to different users. √ √ √

d) Compute different ratios, percentages and other √ √ √

techniques of financial statements analysis.
 Learning content and associated related tasks. Competences to be Number of tasks provided
assessed under continuous assessment
and end of semester
examination are 49

CA SE

Wider attributes
(27 ) ( 22 )

Understand
Knowledge

Skills
e) Apply ratios to analyze financial statements
√ √

f) Apply other techniques of analyzing financial

√ √
statements.
Sub-Enabling Outcome:
2.2.2 Apply different methods of comparison to enable
the interpretation of financial statement variables
Related Tasks:
a) Explain different standards of comparison
√
b) Establish different acceptable standards for
comparison. √

c) Compare the computed ratios with standards to

facilitate comparison. √ √ √

d) Identify the difference between the calculated

√
figure and the standard.
Sub-Enabling Outcome:
2.2.3 Apply techniques for reporting to different users of
financial statements to enable them to make
decisions.

Related Tasks:
a) Prepare statement of income (statement of profit
√ √ √
or loss)
b) Prepare statement of financial position. √ √ √
c) Prepare notes accompanying financial statements. √ √
Sub-Enabling Outcome:
2.2.4 Apply different techniques for valuation of shares
 Learning content and associated related tasks. Competences to be Number of tasks provided
assessed under continuous assessment
and end of semester
examination are 49

CA SE

Wider attributes
(27 ) ( 22 )

Understand
Knowledge

Skills
and business to enable the potential investor and
purchaser of business to make decisions.

Related Tasks:
a) Explain importance of share valuation
√
b) Explain importance of business valuation.
√

c) Explain different methods of valuation of shares

and business.
d) Apply assets valuation model, Price earnings ratio
and dividend yield methods to value shares and √ √ √
business.
Sub-Enabling Outcome:
2.3.1 Apply international Accounting Standards to
prepare corporate financial reports (conceptual
framework, IAS 1, IAS 2, IAS 8, IAS 16, IAS 18,
IAS 20, IAS 28)

Related Tasks:
a) Prepare corporate statement of income. √ √ √
b) Prepare corporate statement of financial position. √ √ √
c) Mention and explain the contents of directors’
√
reports.
d) Mention and explain the contents of chairman
√
reports.

Sub-Enabling Outcome:
2.3.2 Apply International Accounting Standards to
facilitate presentation of Published Statements of
 Learning content and associated related tasks. Competences to be Number of tasks provided
assessed under continuous assessment
and end of semester
examination are 49

CA SE

Wider attributes
(27 ) ( 22 )

Understand
Knowledge

Skills
Cash Flows.

Related Tasks:
a) Define cash flow statement √
b) Mention and explain the cash flow sections √
c) Prepare cash flow statement using direct method. √ √
d) Prepare cash flow statement using indirect
√ √
method
Sub-Enabling Outcome:
2.3.1 Prepare accounts for specific components using
respective standards (IAS 10, IAS 33 and IAS
36) to comply with International Accounting
Standards requirements.

Related Tasks:
a) Explain the term Earnings per share, events after
balance sheets (Statement of financial position) √
and impairment of assets
b) Make adjustments for items after balance sheet
√
to enable to prepare financial statements.
c) Explain basic earnings per share and diluted
√ √
earnings per share.
d) Calculate Basic earnings per share √ √ √
e) Calculate diluted earnings per share √ √
f) Prepare schedules and accounts for
√ √
impairments of assets.
Sub-Enabling Outcome:
2.3.1 Apply different methods of financial accounting
information translation to combine the financial
statement of foreign subsidiary in the group
 Learning content and associated related tasks. Competences to be Number of tasks provided
assessed under continuous assessment
and end of semester
examination are 49

CA SE

Wider attributes
(27 ) ( 22 )

Understand
Knowledge

Skills
financial statements and financial statements of
branch with head office.
Related Tasks:
a) Define parent and subsidiary undertakings in
foreign context
√
b) Define head office and branch entities in foreign
context.
c) Translate branch and subsidiary undertaking trial
√ √
balances currency into reporting currency
d) Make adjustments for unrealized profit, goods in
transit, cash in transit and branch/Head office
√ √
current accounts to enable the preparation of
financial statements.
e) Prepare combined parent and subsidiary
√ √
statement of income
f) Prepare combined Head office and Branch
√ √
Statement of Income.
g) Prepare combined statement of financial position
√ √
for Head office and Branches
h) Prepare combined statement of financial position
√ √
for parents and subsidiary undertakings

5.0 EXAMINATIONS INSTRUCTIONS

5.1 Duration, number of questions, marks distribution, and sections.
a) The duration of the end of semester examination will be 3 hours.
b) The end of semester examination paper shall consist of five(5) questions covering eight (22) related
tasks and candidates will be required to answer five (05) questions, while for the continuous
assessment will cover 27 related tasks.
5.2 Overall assessment
- Individual assignments 10%
- Group assignments 05%
- Test 1 10%
- Test 2 15%
- End of semester Examination 60%