ACC419ADVANCE FINANCIAL ACCOUNTING

ACC419 delves into complex areas of financial accounting, building on foundational knowledge to address advanced reporting and accounting issues. The course covers topics such as business combinations, consolidated financial statements, foreign currency transactions, segment reporting, and accounting for joint ventures and associates. Students will also explore the treatment of financial instruments, leases, and income taxes under applicable accounting standards, including IFRS. The course emphasizes the importance of transparency, comparability, and integrity in financial reporting for stakeholders.

Through detailed case studies and practical exercises, students will develop the skills to handle intricate financial scenarios involving group accounts, goodwill impairment, and restructuring. The course encourages critical thinking in resolving real-world accounting challenges and prepares students for high-level responsibilities in corporate accounting, audit firms, and financial consulting roles. By the end of the course, students will be proficient in interpreting and preparing advanced financial statements that comply with international reporting standards.