UNIVERSITY OF GHANA

(All rights reserved)

UNIVERSITY OF GHANA BUSINESS SCHOOL

DEPARTMENT OF ACCOUNTING

SEMESTER 2021/2022 ACADEMIC YEAR

COURSE SYLLABUS
(CITY CAMPUS)

ACCT 401: Corporate Reporting and Financial Statement Analysis CREDITS: THREE

LECTURE PERIODS: Wed 8AM - 10AM VENUE: Hall 1

10AM -12PM VENUE: Hall 1

Prerequisites: There is no prerequisite for this course

Course Instructors:
Name: Dr. Cletus Agyenim-Boateng
Office Location: Ground Floor, Room G13
Office Hours: Wednesdays: 2: 30pm – 5:30pm;
Email: cagyenim-boateng@ug.edu.gh; yawcab72@yahoo.co.uk

Name: Dr. Emmanuel Tetteh Asare

Office Location: Graduate School, Room 2w8
Office Hours: Open for discussion
Email: etasare@ug.edu.gh
Phone: 0244388252

Name: Mr Augustine Addo

Phone: 0558125053

Teaching Assistant
Name: Mrs Felicia Ansah

Course Description
This is course looks at the accounts of groups of companies by examining the principles of
consolidation, mergers and acquisitions, capital reduction schemes, corporate governance and
corporate social responsibility. It also covers analysis and appraisal of financial information.

Course Objectives:
The main objective of the course is to impart knowledge and understanding of group accounting,
appraisal of financial performance and advise on financial performance of entities, reporting
issues relating to corporate social and environmental responsibilities and current developments
in corporate governance.

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Learning Outcomes
Upon completion of this module, students should be able to:
 Discuss the reasons for group accounting
 Prepare the financial statements of groups of entities in accordance with relevant
accounting standards
 Appraise the financial performance and advise on financial performance of entities
 Explain reporting issues relating to corporate social and environmental responsibilities
 Explain and evaluate current developments in corporate governance

Course Delivery
The course will be delivered through lectures, group work and individual practice exercises by
students. Also,
 Application to cases at work places
 Empirical Experience (Cases, Pictures to capture imagination)
 Analyse; Raise issues and model
 Team work
 Thirteen two-hour face-to-face weekly lectures
 Twelve one-hour face-to-face weekly tutorials
 One-hour revision workshop [I will lead it]
 All lecture slides, reference materials and reference list shall be emailed to students on
the first day of lectures
 So I will expect students to have a look at slides before the start of each lecture. Note
down problems and raise issues with them.
 Participation is central!
 Discussion forums for posting queries (via facebook?) or class email
o Ask your fellow students. I encourage you to respond to one another
o Ask me - your lecturer and I will give you feedback on your work and help you
resolve any queries
o Come to see me at the office, you can send email to request a meeting with me.
o You can also ask your tutorial assistant

 Self-study
o Remember we are here to learn by doing!
 In addition to attending lectures and tutorials, you must complete:
o Reading
o Project work? IA?
o Self-study questions
o Quizzes

I will advise that you spend about 7 hours a week in self-study on this module!

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NB: We are not learning in isolation
Remember university education is not exhaustive, it is indicative

Plagiarism policy
Plagiarism in any form is unacceptable and shall be treated as a serious academic offense.
Appropriate sanctions, as stipulated in the Plagiarism Policy, will be applied when students are
found to have violated the Plagiarism policy. The policy is available at
http://www.ug.edu.gh/aqau/policies-guidelines. ALL students are expected to familiarize with
the contents of the Policy.

Assessment and Grading

Course Assessment
Formative Assessment
 Research Paper, Group Presentations, Personal Assignments, Attendance, Class
Participation and Workshops, Interim Assessment – 30%
 End-of-year three-hour written examination to be taken by all registered students
o More guidance on content given during the revision workshop
o Final Examination - 70%
 Evaluation of course, its delivery approach (lecture style), lecturer behaviour and others
by students – a very important component of the course (Expect details shortly).

Grading Scale:
Refer to Handbook.

Recommended Texts
Alexander, D. Britton, A. and Jorissen, A (2011), International Financial Reporting and
Analysis, 5th ed. Thomson Learning.
Elliott, B and Elliott, J. (2011), Financial Reporting and Accounting, (15th edition), Prentice
Hall.

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 ACCA Text, 2018 BPP/Kaplan, F7
Kam, V. (2003) Accounting Theory ( 3rd Edition). New Jersey: John Wiley and Sons.
Lewis, R. & Pendrill, D. (2003). Advanced Financial Accounting. Essex:
Pearson Education
Wahlen, M. J., Baginski, S. P. and Bradshaw, M. T. (2011), Financial Reporting, Financial
Statement Analysis and Valuation: A Strategic Perspective, 7 th edition, South-Western
Cengage Learning.
Zeff, S.A. & Keller, T.F. (2004). Financial Accounting Theory: Issues and Controversies.
New York: McGraw-Hill.

Course Content
1. Lecture one: Corporate Governance- Definition, Principles, Stakeholders’
Responsibilities
2. Lecture two: Corporate Social Responsibility Reporting- Definition, Responsibilities of
Businesses, Theories underlying Sustainability Reporting, How to Report, Limitations
of Traditional Financial Accounting
3. Lecture three: Corporate Restructuring- Definition, Distressed Firms, Causes of
Business Failure, Predicting Corporate Failure, Remedies to Distressed Firms, Types of
Restructuring, Types of Restructuring Schemes, Accounting Entries

4. Lecture four: Module content, General Introduction/background, why consolidate,

basic definitions and available methods.

5. Lecture five: Group Accounts: Construction of a Basic Consolidated Statement of

Financial Position (fair value and book value, non-controlling interest, pre-acquisition
dividend).
6. Lectures six and seven: Group Accounts-Construction of Consolidated Statement of
Financial Statements: Further Complications (Pre and Post Acquisition Reserves and
Pre Consolidation Adjustments: intra-group transfers, unrealized profit, dividend
payments)
7. Lecture eight: Group Accounts-Construction of Consolidated Income Statement –
Required Adjustments and Procedures
8. Lecture nine: Associates and Joint ventures- Definition, Types of Joint Ventures
9. Lecture ten: Provisions and Events After Reporting (IAS 37 & IAS 10)
10. Lecture eleven: Group Cash Flow Statements, Basic Formats and Types, Associates
and Group Cash Flow
11. Lecture twelve and thirteen: Financial Statement Analysis

Course Delivery Schedule

PERIOD TOPIC REFERENCE

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Lecture 1 & 2 Corporate Governance- Definition, Principles, Financial Accounting and
(Dr. Emmanuel Tetteh Stakeholders’ Responsibilities Reporting; Chapter 30
Asare)
Lecture 3 & 4 Corporate Social Responsibility Reporting- Financial Accounting and
(Dr. Emmanuel Tetteh Definition, Responsibilities of Businesses, Reporting; Chapter 31
Asare) Theories underlying Sustainability Reporting,
How to Report, Limitations of Traditional
Financial Accounting
Lecture 5 Corporate Restructuring- Definition, Distressed
(Dr. Emmanuel Tetteh Firms, Causes of Business Failure, Predicting
Asare) Corporate Failure, Remedies to Distressed Firms,
Types of Restructuring, Types of Restructuring
Schemes, Accounting Entries

Lecture 6 Module content, General Financial Accounting and

(Dr. Emmanuel Tetteh Introduction/background, why consolidate, basic Reporting; Chapter 20
Asare) definitions and available methods ACCA F7 Text, 2018

Lecture 6 Financial Accounting and

(Dr. Emmanuel Tetteh Group Accounts: Construction of a Basic Reporting; Chapter 21
Asare) Consolidated Statement of Financial Position
(fair value and book value, non-controlling ACCA F7 Text, 2018
interest, pre-acquisition dividend).

Lecture 7 Financial Accounting and

(Dr. Emmanuel Tetteh Group Accounts-Construction of Consolidated Reporting; Chapter 21
Asare) Statement of Financial Statements ACCA F7 Text, 2018
Lecture 7 Financial Accounting and
Further Issues (Pre and Post Acquisition Reserves
(Dr. Emmanuel Tetteh Reporting; Chapter 22
and Pre Consolidation Adjustments: intra-group
Asare)
transfers, unrealized profit, dividend payments)
ACCA F7 Text, 2018
Lecture 8 Financial Accounting and
(Mr. Augustine Addo) Group Accounts-Construction of Consolidated Reporting; Chapter 22
Income Statement –Required Adjustments and
Procedures ACCA F7 Text, 2018
Lecture 9 Financial Accounting and
(Mr. Augustine Addo) Associates and Joint ventures- Definition, Types Reporting; Chapter 23
of Joint Ventures
ACCA F7 Text, 2018
Lecture 9 Financial Accounting and
(Mr. Augustine Addo) Provisions and Events After Reporting (IAS 37 Reporting; Chapter 22
& IAS 10)
ACCA F7 Text, 2018

Lecture 10 Financial Accounting and

(Mr. Augustine Addo) Group Cash Flow Statements, Basic Formats and Reporting; Chapter 26
Types, Associates and Group Cash Flow

Lecture 11 Financial Accounting and

(Mr. Augustine Addo) Financial Statement Analysis Reporting; Chapter 27

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Lecture 12 Financial Accounting and
Financial Statement Analysis
(Dr Asare & Mr. Addo) Reporting; Chapter 28