AFW3740 - Group statements

Offered

South Africa Second semester 2009 (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 the financial reporting standards.

Objectives

The learning goals associated with this unit are to:

• discuss the theory and background to group structures and preparing group financial statements
• prepare and assess group 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
• discuss and apply alternative forms of group reporting
• discuss 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 per week

Prerequisites

AFW2720