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Applied Financial Accounting II - FAC4864

Post Graduate Diploma Year module NQF level: 8 Credits: 24
Module presented in English
Purpose: To equip students with specific competencies in consolidated financial statements - displaying a high level of integration between these competencies, with pervasive skills, ethics and professional practice, and certain other accounting competencies. To explain and apply underlying principles according to which consolidated financial statements are prepared and to strengthen and deepen students' knowledge of International Financial Reporting Standards on an application level relating to consolidations. The module is designed to facilitate students' acquisition of these competencies through knowledge of and engagement in relevant Financial Accounting topics at the forefront of the field; an understanding of the theories, methods and techniques relevant to the field; and a thorough understanding of how to apply such knowledge to scenarios grounded in the real-world. The course syllabus includes the following main topics: Separate financial statements; Consolidated financial statements; Business combinations; Investments in associates and joint ventures; Joint arrangements; Related parties; Changes in degree of control; Foreign operations; Consolidated statement of cash flows and Analysis and interpretation of financial and non-financial information.