Overview

The course will cover the following:

Presentation of financial statements

Presentation of advanced cash flow statements

Preparation of consolidated financial statements for groups with multiple subsidiaries

Preparation of consolidated financial statements for associates using Equity Method

Calculation of advanced ratios with particular reference to IAS 33-Earnnings per share.

Specific Accounting standards relating to leases, taxation and financial instruments among others

Assessment Strategy

-threshold -D- to D+ (40-49%): No major omissions or inaccuracies in the deployment of information/skills. Some grasp of theoretical/conceptual/practical elements. Integration of theory/practice/information present intermittently in pursuit of the assessed work's objectives. -good -B- to B+ (60-69%): Very good performance Most of the relevant information accurately deployed. Good grasp of theoretical/conceptual/practical elements. Good integration of theory/practice/information in pursuit of the assessed work's objectives. Evidence of the use of creative and reflective skills. -excellent -A- to A+ (70%+): Outstanding Performance. The relevant information accurately deployed. Excellent grasp of theoretical/conceptual/practice elements. Good integration of theory/practice/information in pursuit of the assessed work's objectives. Strong evidence of the use of creative and reflective skills. -another level-C- to C+ (50-59%): Much of the relevant information and skills mostly accurately deployed. Adequate grasp of theoretical/conceptual/practical elements. Fair integration of theory/practice/information in the pursuit of the assessed work's objectives. Some evidence of the use of creative and reflective skills.

Learning Outcomes

• Demonstrate knowledge and understanding of the basic principles of accounting for investments in associates.

• Demonstrate knowledge and understanding of the new developments in the IFRSs and the impact of such changes on international companies and their financial statements.

• Demonstrate knowledge and understanding of the objective, development and application of selected accounting standards and apply the same to the selected problems.

• Prepare advanced cash flow statements for companies

• Prepare and discuss group accounts with multiple subsidiaries in accordance with International Financial Reporting Standards.

• Use advanced ration analysis as means to evaluate a company's financial and operational performance with particular focus on Earnings per share (IAS 33).