Financial Accounting (ACCT2200)

Understand the rationale for leasing and the distinction between operating and capital leases. „ Understand the Income Statement and Balance Sheet differences between operating and capital leases from the lessee’s perspective.

Discussion of Accounting ƒ Why is accounting interesting? ƒ Why do we need accounting? ƒCourse objective ƒ Sophisticated financial statement user ƒAn overview of information in financial statements

The major objectives of this course, as designed, are to enable the students to know all the relevant enactments and legislations in relation to financial accounting in Nigeria and all over the world. As well, students should be able to