Course Coordinator: Wong Chun Yin, BBA (Hons), MAcc (CUHK); MCG (HKMU); CPA; ACG; HKACG (CS, CGP)
Course Developer: Dr Leung Tak Yan
You are advised to have already studied ACT B211 and ACT B212 (or ACT B210), ACT B331 and ACT B332 (or ACT B301).
The course aims to provide learners with the conceptual knowledge of and professional competence in preparing financial statements for group companies according to Hong Kong Financial Reporting Standards. The course also develops learners' practical skills to account for business combinations and various group structures with subsidiaries, associated companies, joint ventures and foreign operations.
The course covers the following topics:
- Group accounting incorporating investment in associates and joint arrangements
- Accounting for foreign currency translation and cash flow statements
- Overview of financial instruments
- Related party disclosures
There will be four three-hour tutorials.
There are two assignments and one examination. Students must use word processing software (such as Microsoft Word) to prepare the assignments, and submit the assignments via the Online Learning Environment (OLE).
Students will need access to a personal computer with an Internet connection.
A custom textbook will be provided.