Module Identifier AC30920  
Academic Year 2004/2005  
Co-ordinator Ms Megan R Williams  
Semester Semester 2  
Pre-Requisite AC30820  
Course delivery Lecture   18 Hours  
  Seminars / Tutorials   5 Hours  
Assessment TypeAssessment Length/DetailsProportion
Semester Exam2 Hours  80%
Semester Assessment Class test20%
Supplementary Exam2 Hours  100%

Learning outcomes

Having followed this module a student should be able to:

Brief description

This module focuses on the particular accounting and reporting issues consequent upon various types of corporate structure. It covers merger and acquisition accounting, accounting for associates and joint ventures, and the treatment of goodwill. The module will also cover accounting for foreign currency transactions and accounting for deferred taxation.


The majority of large business organizations comprise a number of companies under common ownership, i.e. are groups of companies. In reporting on the activities, position and performance of such organizations, combination of the financial reports of the individual group companies is necessary. The objectives of this module are to introduce the conceptual and regulatory issues involved in this process and the actual techniques of group accounting.

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.


Transferable skills

The module also aims to assist the development of a variety of personal transferable skills by encouraging students to:

Reading Lists

** Recommended Text
Pierce, A and Brennan, N (2003) Principles and Practice of Group Accounts A European Perspective 1st edition. Thomson Learning
Dodge, R (1996) Group Financial Statements Chapman and Hall
Ernst & Young (2001) UK & International GAAP 7th edition. Macmillan
Taylor, P. (1996) Consolidated Financial Reporting Paul Chapman Publishing
** Supplementary Text
Lewis, R and Pendrill, D (2004) Advanced Financial Accounting 7th edition. Prentice Hall
Alexander, D, Britton, A and Jorissen, A (2003) International Financial Reporting and Analysis Thomson
Elliot, B and Elliot J (2005) Financial Reporting and Accounting 9th edition. Prentice Hall


This module is at CQFW Level 6