Not offered in 2009
ACCT 319 - Advanced Financial Accounting & Reporting

Note: revised points system being introduced in 2007.

(first semester) 0.15 EFTS 18 points

This course is designed to assist students in developing their technical proficiency in financial accounting and reporting. It builds on the content covered in ACCT 211 and uses accounting for groups of companies as the means for developing advanced and complex accounting issues such as valuation and recognition, as well as the development of accounting standards.


Prerequisite: ACCT 211


Class Contact

ACCT 319 Seminars - 2007.
There is only one seminar a week - on Wednesdays - during February and March. From April to end of semester there will be two Seminars (Mondays and Wednesdays) each week

Objective
• To enhance the knowledge of theoretical and conceptual issues underlying the published consolidated financial statements.
• To develop the technical skills necessary to prepare and interpret consolidated financial statements including the financial statements of complex groups.
• To critically appraise the present accounting standards on consolidations, the need for developing sound accounting standards, difficulties of developing such standards, and the need for improving the body of accounting knowledge on relevant issues.

Assessment
Assignment 10%
Terms test 30%
Final examination 60%

Readings
Liyanarachchi, G. A. (2005). Group Financial Statements: An accounting principles-based approach. (Revised edition). Otago University Print, Dunedin, New Zealand.
Relevant chapters of the textbook will be available on Blackboard


Course Outline ACCT319 Course Outline Semester 1 2008