ADVANCED ACCOUNTING (2 SCU)

Learning Outcomes:

On successful completion of this course, students will be able to: explain the concept of business combination and concept of group reporting; prepare the Consolidated Financial Statement on the Date and After the Acquisition; prepare Consolidated Working Papers for Inter Company Sales of Inventory, Property, Equipment, and Bond using Cost and Complete Equity Methods; prepare Trustee Reporting during Liquidation or Reorganization; apply the Accounting for Foreign Currency Transactions, Hedging, and Financial Statements of Foreign Affiliates.

Topics:

1. Concept & Context of Group Reporting;
2. Application of the Acquisition Method under IFRS 3;
3. Accounting for Business Combinations and Non-controlling Interests under IFRS 3 in Post-acquisition Periods;
4. Accounting for Business Combinations and Non-controlling Interests under IFRS 3 in Post-acquisition Periods;
5. Consolidation under IFRS 1;
6. Consolidation under IFRS 1;
7. Equity Accounting under IAS 28 & Join Arrangements under IFRS 11;
8. Equity Accounting under IAS 28 & Join Arrangements under IFRS 11;
9. Complex Consolidation Issues;
10. Accounting for the Effects of Changes in Foreign Exchange Rates;
11. Accounting for the Effects of Changes in Foreign Exchange Rates;
12. Accounting for Derivatives and Hedge Accounting;
13. Accounting for Derivatives and Hedge Accounting.