Lectures - communication of knowledge and ideas from the lecturer to the student.
Problem Solving Exercises - student will work as part of a team and will work together to resolve various accounting scenarios.
Class Discussion/Debate - Students will be encouraged to actively participate in the class sessions which will develop their analytical and communication skills.
E-Learning - It is envisaged that the module will be supported with on-line learning materials.
Self-Direct Independent Learning - the emphasis on independent learning will develop a strong and autonomous work and learning practices.
Module Aim:
This module is designed to further develop students' ability, skills and competence in accounting for business combinations and the preparation and presentation of consolidated financial statements to incorporate partly-owned subsidiaries and associates. The depth and breadth of module content and assessment are designed to gain maximum exemptions from professional accountancy bodies, appropriate to an Honours Accounting programme.
Learning Outcomes
On successful completion of this module the learner should be able to:
LO1
Discuss and apply the international accounting standards dealing with groups of companies
LO2
Evaluate and apply the accounting treatment of investments in subsidiaries and associates in a set of consolidated financial statements including investments in foreign entities
This is prior learning (or a practical skill) that is recommended before enrolment in this module.
No recommendations listed
Incompatible Modules
These are modules which have learning outcomes that are too similar to the learning outcomes of this module.
No incompatible modules listed
Co-requisite Modules
No Co-requisite modules listed
Requirements
This is prior learning (or a practical skill) that is mandatory before enrolment in this module is allowed.
No requirements listed
Module Content & Assessment
Indicative Content
Consolidated Financial Statements
Accounting for subsidiary investments in consolidated financial statements, including non-controlling interests and the acquisition of a subsidiary during an accounting period;
Treatment of non-controlling interest at acquisition;
Determination of fair value on acquisition and calculation of adjustments;
Accounting for associates and joint ventures using the equity method of accounting;
Preparation of consolidated statement of profit or loss;
Preparation of consolidated statement of financial position;
Foreign Subsidiaries;
Key differences between examinable IFRS and local GAAP FRS 102
Assessment Breakdown
%
End of Module Formal Examination
100.00%
Continuous Assessment
Assessment Type
Assessment Description
Outcome addressed
% of total
Assessment Date
Other
Formative Assessments including MCQs / Short Numerical Answer Questions / Progress Tests
1,2,3
0.00
Ongoing
No Project
No Practical
End of Module Formal Examination
Assessment Type
Assessment Description
Outcome addressed
% of total
Assessment Date
Formal Exam
End-of-Semester Final Examination
1,2,3
100.00
End-of-Semester
SETU Carlow Campus reserves the right to alter the nature and timings of assessment