ACCT 3790 Advanced Financial Reporting

Complex consolidation, foreign currency translation, and industry-specific financial statement preparation.

About this course

ACCT 3790 Advanced Financial Reporting covers the complex reporting requirements faced by large entities and specialised sectors. You will move beyond single-entity statements to master the preparation of consolidated financial reports for groups with multiple subsidiaries. The course also explores the challenges of foreign currency translation and the application of specific standards to industries such as financial institutions and not-for-profit organisations.

Who takes this course

This course is a core requirement for students in the Bachelor of Applied Business — Accounting program.

Credits: 3 · Hours: 45

Prerequisites

• ACCT 2510 Auditing Principles
• ACCT 2550 Financial Management Theory

Learning outcomes

• Prepare consolidated financial statements for corporate groups with multiple subsidiaries.
• Account for foreign currency transactions and translate financial statements of foreign operations.
• Apply industry-specific reporting standards for financial institutions and not-for-profit organizations.
• Analyse complex accounting issues using the conceptual framework and relevant regulations.

Evaluation