COLLEGE OF BUSINESS EDUCATION

DAR ES SALAAM/DODOMA/MWANZA/MBEYA
ASSESSMENT PLAN

Module Name: Financial Accounting and Reporting

Module Code: ACU 07131
Qualification: NTA Level 7 – BACHELOR OF ACCOUNTANCY and TAXATION

1.0 INTRODUCTION
This assessment plan has been prepared by the College of Business Education (CBE) for the module named
Financial Accounting and Reporting. The assessor is intending to assess learning outcomes stipulated within
the NTA Level 7 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
OUTCOMES ENABLING LEARNING OUTCOMES

1.0 Apply accounting 1.1 Apply accounting principles in organization

information system in operations
organization operations. 1.2 Apply accounting rules in accounting transaction

1.3 Apply accounting standards in financial operations

3.0 ENABLING LEARNING OUTCOMES AND SUB ENABLING OUTCOMES

ENABLING LEARNING OUTCOMES SUB ENABLING OUTCOMES

1.1 Apply accounting principles in 1.1.1 Apply accounting theories in describing

organization operations nature of accounting

1.1.2 Use accounting procedures in

preparing books of accounts.
1.1.3 Apply IAS 1 in reporting business
financial information

1.1.4 Use financial analysis techniques in

interpreting financial information
2.0 SPECIFICATION OF COMPETENCES
Learning content and associated related tasks. Competences to be Number of tasks provided
assessed under continuous
assessmentand end of
semester examination are 38

CA SE

Wider attributes
(22 ) ( 16 )

Understand
Knowledge

Skills
Sub-enabling outcome:
1.1.1 Apply accounting theories in describing nature
of accounting

Related Tasks:
a) Explain Book keeping and accounting √ √
b) Describe nature and objectives of accounting
√ √

c) Explain purpose of maintaining accounting

√ √
records.
d) Describe users of financial information and
√ √
their respective information needs.
e) Explain the financial accounting, cost
√ √
accounting and management accounting.
f) Differentiate between financial accounting
√ √
and management accounting.
g) Differentiate between financial accounting
√ √
and cost accounting.
h) Define accounting policies, concepts and
√ √
principles
i) Describes principles of accounting √ √
j) Illustrate the contents of accounting
equation.
Sub enabling learning outcome:
1.1.2 Use accounting procedures in preparing books
 of accounts.

Related Tasks:
a) Discuss main sources documents of
accounting information i.e Sales invoice, √ √ √
Purchases invoice, cash
b) Prepare primary books of accounts ie. Sales
Journal, Purchases Journal, Sales Returns √ √
Journal.
c) Discuss types of ledger books and their uses. √ √
d) Recording business transaction in double
√ √
entry.
e) Prepare two column cash book, Petty cash
√ √
book and one column cash book
f) Prepare bank reconciliation statements. √ √
g) Identify errors affecting and not affecting
√
Trial Balance
h) Prepare accounts for correction of errors. √ √
i) Prepare control accounts √ √
j) Prepare Trial Balance √ √
k) Perform year-end adjustments i.e. accruals,
prepayments, provision for depreciation, and √ √
provision for bad and doubtful debts
Sub-Enabling Outcome:
1.1.3 Apply IAS 1 in reporting business financial
information

Related Tasks:
a) Describe the contents of IAS 1.
√ √ √

b) Describe qualities of financial statement. √ √

c) Describe elements of financial statements i.e
Assets, Liability, Equity, Revenue, Expences √ √
and distribution to owners.
d) Prepare statement of income (statement of
√ √ √
profit or loss).
e) Prepare statement of financial position for
√ √ √
sole proprietorship.
f) Prepare a simple cash flow statement. √ √ √
 g) Prepare financial statements from incomplete
√ √
record.
h) Post business transactions into respective
√ √
ledger accounts applying double entry rules.

Sub-Enabling Outcome:
1.1.4 Use financial analysis techniques in
interpreting financial information

Related Tasks:
a) Define the term interpretation of financial
statement. √ √ √

b) Describe various methods of analyzing

financial statements i.e. qualitative and √
quantitative.
c) Explain types of finnacial analysis i.e.
√ √ √
horizontal and vertical analysis.
d) Explain types of financial ratios i.e liquidity
ratios efficiency/asset/management/ activity
√ √ √ √
ratios, financial leverage/garage/capital
ratios, profitability ratios and market ratios.
e) Calculate all types of ratios i.e Liquidity
ratios, Efficiency /asset management/ activi
ty ratios, Financial leverage/gearing/c apital √ √
structure ratios, Profitability ratios and
Market value ratios.
f) Interpret all types of ratios i.e. Liquidity
ratios, Efficiency /asset management/ activi
ty ratios, Financial leverage/gearing/c apital √ √
structure ratios, Profitability ratios and
Market value ratios.
g) Explain limitations of ratios. √ √

3.0 EXAMINATIONS INSTRUCTIONS

3.1 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
(16) related tasks and candidates will be required to answer five (05) questions, while for
the continuous assessment will cover 22 related tasks.
3.2 Overall assessment
- Individual assignments 10%
- Group assignments 05%
- Test 1 10%
- Test 2 15%
- End of semester Examination 60%