ACC 430 : Accounting for financial companies

Department

Accounting Department

Academic Program

Bachelor in Accounting

Type

Compulsory

Credits

03

Prerequisite

ACC 339

Overview

• Introducing the student to the different forms of financial companies.

• Introducing students to the nature and characteristics of joint stock companies.

• Introducing the student to the accounting treatment for the establishment of joint stock companies and their financial operations.

• Definition of accounting treatments for the various forms of corporate liquidation.

Intended learning outcomes

A / knowledge and understanding

- Understanding and recognizing the nature and characteristics of capital companies

Introducing the student to accounting treatments for transactions related to stocks and bonds.

- Introducing the student to the accounting treatment of the mutual operations between the holding company and its subsidiaries.

Introducing the student to the accounting treatment for the liquidation of joint-stock companies.

B / mental skills

- Developing in students how to prepare financial statements in joint-stock companies

- Developing in the student how to handle the accounting related to stocks and bonds in the joint-stock companies

- The student develops knowledge of the accounting treatment of mutual operations between holding and subsidiary companies

- Developing in the student how to liquidate money companies and the legal aspects of that.

C / scientific and professional skills

- That the student understand the difference between a stock and a bond and the different legal provisions for issuing bonds

- That the student understands the accounting treatment of the issuance premium and the accounting treatment of the bond issue discount.

- The student understands the concept of stocks, their types and values, and the accounting treatment thereof.

The student should understand the rights of the shareholders in the liquidation surplus.

D / general skills

- That the student has the ability to dialogue and discussion.

- The student should be able to communicate and communicate with others.

The student should be able to manage time.

The student should be able to work in a team.

Teaching and learning methods

Lectures, discussions, exercises, meals, research papers and exams

Methods of assessments

Sharing and solving exercises and preparing papers during lecturesMidterm exam first week sixthThe second midterm exam, the eleventh weekSixteenth week final exam

Scientific subject	Number of hours per	week
Introduction to financial companies.	3	1
Accounting treatment of transactions related to shares in joint stock companies	9	3
Accounting treatment of transactions related to bonds in joint stock companies	9	3
Financial statements in joint stock companies	6	2
Accounting treatment of the mutual operations between the holding company and its subsidiaries	6	2
Accounting treatment for the liquidation of funds companies	6	2

Accounting for financial companies (ACC 430)
Studies in accounting (ACC 530)
Accounting for Islamic banks (ACC 439)
international accounting (ACC 438)
Contracting projects accounting (ACC 437)
Revision2 (ACC 434)
Additional manufacturing cost measurement2 (ACC 433)
Review I (ACC 432)
accounting administration (ACC 431)
Public fund accounting (ACC 339)
Accounting for banks and insurance companies (ACC 337)
Oil accounting (ACC 336)
Analysis of financial statements (ACC338)
Additional manufacturing cost measurement1 (ACC 333)
Accounting for service projects (ACC 332)
Corporate Accounting (ACC 330)
Planing peincipals (PLA170)
Accounting Principles I (ACC 130)
Principles of Accounting II (ACC131)
Social responsibility accounting (ACC 436)
Accounting systems design (ACC 435)
Accounting departments and branches (ACC 331)
Intermediate Accounting 2 (ACC 231)
Tax accounting (ACC 335)