Advanced Accounting II

Learning Outcomes

On successful completion of this course, student will be able to: Explain the concept of Business Combination, concept of control, and concept of group reporting, Apply the acquisition method under PSAK 22/IFRS3 , and the elimination principles of intragroup balance, transactions, and profit under IAS 27/PSAK 4 for controlling interest as well as non controlling interest, Apply consolidation principles of changes in ownership interest, indirect and mutual ownerships subsidiaries for group’s financial statements, Apply the concept of significant influence, associates, and joint ventures under IAS 28/PSAK 15 and IAS 31/PSAK 12, Compare the elements of consolidation approaches under traditional theory, parent company theory and contemporary entity theory, Apply Business combination and consolidation of special purposes entities

Topics

1. Business Combinations (PSAK 22/IFRS 3)
2. Consolidated financial statement (PSAK 4/IAS 27)
3. Elimination of intragroup transactions – Inventory
4. Elimination of intragroup transactions – PPE
5. Elimination of intragroup transactions – Bonds
6. Changes in ownership interest
7. Mutual and Indirect Holdings
8. Subsidiary preferred stock
9. Earning per share and income tax allocation
10. Consolidation Theories and Push Down Accounting
11. Investment in Associates (PSAK 15/IAS 28)
12. Investment in Joint Ventures (PSAK 12/IAS 31)
13. Business combination of Special Purposes Entities under PSAK 38 (2011 revision)