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Overview
This topic considers the application of accounting standards involving measurement, professional judgement and more practical issues in financial reporting that apply in the context of a corporation.
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Tuition pattern
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Aims
This topic aims to assess the impact of specific regulatory requirements and accepted accounting principles on more complex corporate accounting transactions. It covers accounting for transactions with equity participants, tax effect accounting, business combinations, the preparation of consolidated financial statements.
Learning outcomes
On completion of this topic you will be expected to be able to:
1.
Evaluate International Financial Reporting Standards that apply to corporations
2.
Appraise the role of General Purpose Financial Reports for corporations
3.
Assess the application of accounting principles to various operational areas of a corporate entity
4.
Construct consolidated financial statements for economic entities comprising more than one legal entity
Assessments
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Requisites information
Pre-requisites:
Anti-requisites: