Module Identifier | AC30920 | ||||||||||||||
Module Title | FINANCIAL ACCOUNTING 3: GROUP FINANCIAL REPORTING | ||||||||||||||
Academic Year | 2003/2004 | ||||||||||||||
Co-ordinator | Ms Megan R Williams | ||||||||||||||
Semester | Semester 2 | ||||||||||||||
Pre-Requisite | AC30820 | ||||||||||||||
Course delivery | Lecture | 18 Hours | |||||||||||||
Seminars / Tutorials | 5 Hours | ||||||||||||||
Assessment |
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? describe and explain the need for group accounting and appreciate the differences between (and contrast), uses and relative merits of the various methods of group accounting
? describe and explain the relevant issues in group accounting e.g. those of ?fair valuation? and the treatment of goodwill
? prepare consolidated accounts applying basic acquisition accounting (including accounting for associated undertakings) and merger accounting techniques
? describe, explain and apply the suitable methods for accounting/consolidating of foreign currency transactions and oversea?s company activities
? describe the various methods of deferred taxation and be able to apply and calculate the different methods
? describe and explain the relevant regulatory framework covering group accounting, foreign currency translation and deferred taxation
? list the various accounting treatments to the underlying conceptual framework set out in the ASB?s Statement of Principles
The module will also address accounting for foreign currency transactions and translation, as required when groups or companies have activities / companies located overseas. Finally, the module will cover calculation of and accounting for deferred taxation.
The module also aims to assist the development of a variety of personal transferable skills by encouraging students to:
? identify and distil key features covered by lectures, tutorials and recommended readings
? develop basic information accessing and research skills; discriminate between relevant and irrelevant information for the purposes of decision making; analyse data, apply judgement and solve problems
? communicate effectively both orally and in writing; participate actively in tutorials either by leading discussions or responding to issues raised; and work under pressure and meet deadlines
This module is at CQFW Level 6