| Description | This unit is intended to provide students with a detailed understanding of more complex financial reporting issues. Some of the topics examined include: group accounting issues such as the practical application of the control test; multiple subsidiaries; foreign currency translation; consolidated cash flow reporting; segment reporting; accounting for joint ventures and associates; related party and corporate governance disclosures. The unit builds on the knowledge base acquired from earlier accounting studies with strong emphasis on the application of technical skills. The unit has a substantial case component, using current examples to illustrate both appropriate technical solutions in accordance with accounting standards and guidelines, as well as the forces which determine the choice of solution from among otherwise acceptable alternatives. The course material will help develop student's ability to read and analyse financial reports and an understanding of the financial statement implications of certain management decisions relating to organisational structure, investments and financing choices. |
