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Distinctive Financial Reporting – FAC3702

Under Graduate Degree,Advanced Diploma	Semester module	NQF level: 7	Credits: 12
Module presented in English		Module presented online
Pre-requisite: FAC2601, FAC2602 & TAX2601
Purpose: To equip students with the necessary competencies for the preparation and presentation of financial statements according to the requirements of International Financial Reporting Standards and to gain knowledge and understanding of the theories, relevant in this accounting field, as well as the ability to apply this knowledge to the following subject matter: the presentation, recognition and measurement of financial instruments; the accounting treatment and disclosure of foreign exchange transactions; property, plant and equipment; investment properties; intangible assets, impairment of assets (excluding cash generating units); non-current assets held for sale and discontinuing operations, including the tax implications of the preceding topics. It is recommended that a student either register concurrently for the FAC3701 module or have already passed it.

Source: Unisa