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International Financial Accounting - FAC3761

Advanced Diploma,Under Graduate Degree,Diploma Year module NQF level: 7 Credits: 24
Module presented in English
Pre-requisite: FAC2601, FAC2602 & TAX2601
Purpose: To equip students with the necessary competencies for the preparation and presentation of financial statements according to the requirements of International Financial Reporting Standards and to gain knowledge and understanding of the theories relevant in this accounting field, as well as the ability to apply this knowledge to the following subject matter: the accounting treatment and disclosure of income taxes, including deferred tax; revenue; changes in accounting policies; estimates and errors; events after the reporting period; provisions, contingent liabilities and contingent assets; fair value measurements; the presentation, recognition and measurement of financial instruments; the accounting treatment and disclosure of foreign exchange transactions; property, plant and equipment; investment properties; intangible assets, impairment of assets (excluding cash generating units); non-current assets held for sale and discontinuing operations, borrowing costs, leases, including the tax implications of the preceding topics.