Course Overview

Here’s a detailed course description for Advanced Financial Accounting I in a B.Sc. Accounting program:

???? Advanced Financial Accounting I

Course Description

This course builds on intermediate financial accounting knowledge and focuses on complex accounting issues in corporate reporting. It emphasizes the application of International Financial Reporting Standards (IFRS) to areas such as business combinations, group accounts, foreign currency transactions, and segment reporting. Students will also explore accounting for mergers, acquisitions, and complex financial instruments.

Course Objectives

By the end of this course, students should be able to:

1. Prepare consolidated financial statements for parent and subsidiary companies.

2. Apply IFRS in accounting for business combinations and complex transactions.

3. Account for foreign currency transactions and translation of financial statements.

4. Understand segment reporting and disclosure requirements.

5. Analyze financial reports for managerial and investor decision-making.

Course Content (Main Topics)

• Review of IFRS and accounting concepts

• Accounting for business combinations (purchase method, acquisition method)

• Preparation of consolidated financial statements

• Minority interest and non-controlling interests

• Accounting for associates and joint ventures

• Foreign currency transactions and translation (IAS 21)

• Segment reporting under IFRS 8

• Accounting for derivative financial instruments and hedging (IAS 39 / IFRS 9)

• Disclosure requirements and notes to financial statements

• Ethical issues in financial reporting

Teaching Methods

• Lectures and tutorials

• Case studies on corporate accounting scenarios

• Problem-solving exercises using real company data

• Group discussions and presentations

Assessment Methods

• Continuous Assessment (Assignments, Quizzes, Class Participation) – 40%

• Mid-Semester Test / Project – 20%

• Final Examination – 40%

Learning Outcomes

Upon successful completion, students will be able to:

• Prepare and present consolidated financial statements.

• Apply IFRS to complex corporate accounting issues.

• Account for foreign currency transactions and financial instruments.

• Analyze and interpret financial reports for stakeholders.

• Demonstrate ethical judgment in financial reporting.