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Group Financial Reporting – FAC3704

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 consolidation procedures required for the preparation and presentation of group financial statements namely, business combinations, consolidation after the acquisition date; intragroup transactions, losses of a subsidiary, horizontal groups, vertical groups, changes in ownership, and the accounting treatment and disclosure of associates, joint arrangements, including any relevant deferred tax implications. It is recommended that a student either register concurrently for the FAC3701 module or have already passed it.

Source: Unisa