Module Aims: To continue to develop the students understanding of the concept and principles of a group. To provide students with a detailed knowledge of the preparation of consolidated financial statements. To discuss and apply the International Financial Reporting Standards dealing with group companies. To introduce further accounting standards and develop the application of these standards. Explain the increasing importance of understanding current issues and their implications on Financial accounting.
Group Accounts and mechanisms for conforming with standards
Consolidated Income Statement, Consolidated Statement of Financial Position, Consolidated statement of changes in equity, Accounting for subsidiaries, Accounting for associates, Accounting for joint ventures, Related party transactions
Accounting for disposal of a subsidiary
Preparation of consolidated Financial Statements to reflect the disposal of the entire investment in a subsidiary during the accounting period.
International financial reporting standards
Study of a range of accounting standards including those dealing with the accounting treatment of foreign currency transactions, earnings per share, revenue from contracts with customers, impairment of assets and deferred tax
Current and future accounting developments
Current and likely future development in regulation and reporting
|Module Content & Assessment