Mancosa Financial accounting 2a Lecture notes

Facilitator: Mr. Sirembe Ndivhuwo
Date: 23 March 2024


Financial Accounting 2A
BCOM (ACC)

,Facilitator



Mr. Ndivhuwo Sirembe


Programme: Bcom (ACC)
Module: Financial Accounting 2A

, uses student engagement to teach.
 asks students to make their thinking explicit.
 is a more student-centered approach.
 gives students greater involvement and control over their learning.
 develops students” higher-order thinking skills.
 helps students reflect on their understanding

, Measurement of inventories
Inventories are initially recognized at cost, which is the aggregate
cost of purchase, cost of conversion and other costs incurred in
bringing the inventory to its location and condition.
Subsequent measurement is at the lower of cost and net realizable
value.