Advanced Accounting I

Learning Outcomes

Upon successful completion of this course, students are expected to be able to Differentiate the business combination methods before and after the IFRS, Prepare consolidated Financial Reports based on the IFRS, Apply different business combination methods based on different business combination theories

Topics

This course prepares students to be able to make financial reports for external parties. This course will be IFRS based and students will use an IFRS based textbook during the course. This course also discusses a lot of important issues for multinational companies. Other issues included in this course are: presentation of financial statement based on IFRS, statement of cash flow, revaluation model for property plant and equipment,  accounting for leases, accounting for income taxes, consolidated financial statements, impairment of assets, intangible assets, and business combinations.

Prerequisite: AC407 – Financial Accounting II