Converting the financial statements of a foreign operation (subsidiary) into the group's presentation currency. Assessment Structure
Students must master the accounting for effects of changes in foreign exchange rates (SFRS(I) 21). This includes: acc3704
The module moves beyond individual company accounts to focus on and Complex Reporting . 1. Business Combinations & Consolidations Converting the financial statements of a foreign operation
Eliminating unrealized profits and reconciling inter-company balances. acc3704
Defining "control" and executing acquisition-date accounting.