???? Advanced Financial Accounting II

Course Description

This course is a continuation of Advanced Financial Accounting I and focuses on complex and specialized areas of accounting. It covers advanced topics such as foreign operations, group restructuring, accounting for partnerships and joint ventures, and preparation of consolidated and segmental financial statements in compliance with International Financial Reporting Standards (IFRS). The course also emphasizes ethical considerations and the interpretation of financial information for decision-making.

Course Objectives

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

1. Prepare consolidated financial statements for complex group structures.

2. Account for foreign subsidiaries and translation of foreign currency financial statements.

3. Apply IFRS to joint ventures, associates, and business restructuring.

4. Prepare segmental and interim financial reports.

5. Interpret and analyze advanced financial statements for managerial and investor decisions.

Course Content (Main Topics)

• Review of Advanced Financial Accounting I concepts

• Accounting for foreign subsidiaries and translation of foreign currency (IAS 21)

• Consolidation of complex group structures

• Accounting for associates and joint ventures (equity method)

• Business combinations and restructuring adjustments

• Segment reporting (IFRS 8)

• Interim financial reporting (IAS 34)

• Accounting for financial instruments and hedging (IFRS 9)

• Ethical considerations in complex financial reporting

• Case studies on advanced corporate accounting scenarios

Teaching Methods

• Lectures and tutorials

• Case studies on multinational and complex group accounting

• Problem-solving exercises using real company financial data

• Group discussions and presentations

Assessment Methods

• Continuous Assessment (Assignments & Quizzes) – 40%

• Case Study / Project – 20%

• Final Examination – 40%

Learning Outcomes

Upon successful completion, students will be able to:

• Prepare consolidated and segmental financial statements for complex entities.

• Apply IFRS in advanced accounting scenarios, including foreign operations and joint ventures.

• Analyze financial information for internal and external decision-making.

• Demonstrate ethical judgment in financial reporting.

• Interpret complex financial reports for investors, management, and regulatory compliance.

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