Advanced Accounting II (Accounting – External Reporting) 260

Learning Outcomes

Upon completion of this course, students are expected to be able to identify the key concepts in selected accounting standards relevant to external reporting; discuss the policies in these accounting standards; solve issues and problems relating to accounting for companies in accordance with those ; accounting standards and communicating the solutions in reports to interested parties.

Topics

This course provides students with the following accounting issues relating to companies: accounting for liabilities, income tax, leases, intangibles, business combinations, impairment of assets, the presentation of financial statements and the preparation and presentation of consolidated financial statements. The requires both a theoretical and practical understanding of issues. The standards applied are those issued by the International Accounting Standards Board (IASB).

Prerequisite : AC318 – Financial Accounting I