Offered
South Africa Second semester 2008 (Day)
Synopsis
Familiarise students with the preparation and presentation of group annual financial statements of companies in accordance with the requirements of the Companies Act, 1973, and generally accepted accounting practice.
Objectives
The learning objectives of this unit are to:
- explain the theory and background to group structures and preparing group financial statements;
- prepare consolidated financial statements for wholly-owned and partly-owned subsidiaries, taking into account the effects of intercompany transactions, dividends, preferences shares, interim acquisitions and insolvent subsidiaries;
- explain and apply alternative forms of group reporting;
- explain the basic principles of equity accounting and joint ventures;
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with group statements.
Assessment
Within semester assessment: 30%
Final Examination (3 hours): 70%
Contact hours
One 2-hour lecture and one 1-hour tutorial
Prerequisites
AFW2710
Prohibitions
AFW3006