| Description | This unit introduces students to accounting for investments in other entities, including controlled and significantly influenced entities. The first part of the course focuses on the process of consolidation, the preparation of consolidated financial statements for corporate groups, including the treatment of goodwill, intra-group transactions and minority interests. The accounting requirements for significantly influenced entities are also studied. Other aspects of group accounting, such as segment disclosures and related party disclosures, are investigated. The first part of the course concludes with a critical analysis of the consolidation process, including the outcomes of the consolidation process and the impact of this upon the user of the consolidated financial statements. The second part of the course focuses on critically evaluating current issues in accounting regulation and practice, such as the politics of the standard-setting process, using accounting for financial instruments as a special case. Finally, voluntary disclosures for social and environmental reporting are considered. This course aims to further develop students' written communication skills and critical and analytic skills within the context of corporate group activities. |
