MGT401 Handouts pdf download | Financial Accounting – II Notes (pdf)

MGT401: Financial Accounting – II

Accounting is a specific branch of accounting that involves the process of recording, summarizing, and reporting a number of activities resulting from the performance of a business over a period of time. MGT401 Handouts pdf

MGT401 Handouts pdf

  Course Category: Accounting, Banking & Finance

Course Outline

This course covers the concepts of; IASB (Conceptual Framework for Financial Reporting),  Presentation of financial statement, Statement of Cash Flow, Accounting for Current Liabilities, Accounting for Inventories, Accounting for Current Financial Assets, Short Term Investment (Equity and Debt Instrument), Accounting for Fixed Assets, Accounting for Non-Current Assets (Intangible Assets), Investment property, Accounting for impairment of Assets (Basic concept), Investment in Non-Current Financial Assets, Revenue from Contracts with Customers, Financial Statement Analysis, Accounting for Incomplete Records, and the Accounting for Non-Profit Organization. MGT401 Handouts pdf


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MGT401 Handouts pdf
MGT401 Handouts pdf


MGT401: Financial Accounting – II

This study is a continuation of the basics of accounting and financial reporting. Learns the concepts of accounting and theory with an emphasis on adjustment and application of the income statement, balance sheet, share equity statement, and cash flow statement.

Companies Limited By Shares

“Company Limited by Shares” is a company in which the liability of the members (shareholders) of a company is limited to the number of shares invested. the amount provided as cash, in the event that the company is liquidated and its assets are insufficient to settle its liabilities.

Types of Companies Limited by Shares

3 Limited Private Sector Companies 3 Private Limited Companies ¾ Public Listed Companies ¾ Public Listed Companies ¾ Unlisted Public Companies.

Private Limited Companies

– are those companies that limit the right of shareholders to transfer their shares to someone other than the existing shareholders. If a member wishes to sell his or her shares he or she must give the existing members their shares. In that case, neither of the existing members receives the shares and at the same time does not object to the sale of shares to an outsider only when the shares may be sold to a third party. Private companies use the words “Private Limited” or “(Pvt) Ltd” at the end of their name.

Public Limited Companies

Those companies where there are no stock transfer restrictions. There is also no limit on the number of shareholders. However, a small number cannot be less than three. Public Limited Companies use the words “Limited” or “Ltd” at the end of their name.

Single Member Companies

They are also limited private companies but there is only one shareholder in the company. Prior to 2002, there was a double limit on the small number of shareholders in a limited liability company. However, the limit was reduced to allow only one member company. If it is a member of one company it is necessary to nominate two people to take over the company in the event of the death of a member.

 Public Listed Companies

 Public Listed Companies are those public companies whose shares are traded in the stock market. These are also called “quoted companies”.

 Public Unlisted Companies

Public Unlisted Companies are those limited public companies whose shares can be sold on any stock exchange. These are also called “unquoted public companies”.


MGT401 Handouts pdf Here

MGT401: Financial Accounting – II Notes (pdf)