FRANK

LIMITED LIABILITY COMPANIES

 * Distinguish between public and private limited liability companies.
 * List the conditions which apply to a private limited liability company.
 * State the rights of shareholders of public limited liability company.
 * Distinguish between ordinary shares and preference shares.
 * Discuss the difference between cummulative and non cumulative preference shares.
 * Describe the meaning of nominal capital and issued capital.
 * Explain why loan stocks and debentures are issued and describe the difference between them.

PUBLISHED FINANCIAL STATEMENTS OF LIMITED LIABILITY COMPANIES
specified in the IFRS.
 * Discuss the amount of information which profit and loss accounts of companies must/may contain as
 * Discuss the functions of the income surplus account.
 * Demonstrate accounting entries for issues, redemption of shares and debentures.
 * Prepare balance sheet of limited liability companies giving details of share capital, assets, liabilities and reserves as indicated in the framework of the IFRS.
 * Discuss in detail the framework for the preparation and presentation of financial statements.

INTERPRETATION OF FINANCIAL STATEMENTS

 * Identify users of financial statements.
 * Learn to calculate accounting ratios.
 * Use accounting ratios for trend analysis and inter-company comparisons.

MODE OF DELIVERY

 * Lectures.
 * Presentations.
 * Seminars.

MODE OF ASSESSMENT
-first assignment:three weeks after start of session. -second assignment:seven weeks after start of session.
 * Assignments:two in all :Deadlines: