This module introduces students to the preparation of consolidated financial statements. It also expands students’ knowledge of the application of International Financial Reporting Standards to the preparation of both consolidated and single company financial statements.
Group Consolidated Statement of Financial Position
Concepts and Principles of consolidated accounts/ Recognition and measurement of acquired assets and liabilities / Key definitions. SOFP - Goodwill and impairment thereof /Non-controlling interest / Pre-acquisition reserves / Inter-company balances and transactions /dividends paid by subsidiary / Fair value adjustments /Preference shares and loans held by parent.
Group Consolidated Statement of Comprehensive Income and SOCE
Impact in the SOCI and consolidated retained earnings movement of the consolidated adjustments outlined above.
Other International Accounting Standards
Discuss and apply the requirements of a range of International Accounting Standards in particular Revenue Recognition - Construction contracts aspects / Financial Instruments / Deferred Tax.
| Module Content & Assessment | |
|---|---|
| Assessment Breakdown | % |
| Other Assessment(s) | 30 |
| Formal Examination | 70 |