This course is designed to introduce students to more varied or complex corporate structures. What are the merits of business combinations as in mergers and acquisitions and joint ventures. Students will be doing consolidated accounts. For more globalized companies, the accounts will be prepared following the guidelines of the International Accounting Standards Board (IASB).
The students will be aware of the need to look at the issues of currency rates in preparing Group Accounts for operating units located in foreign countries. The significance of segmental reporting will be discussed. Related Party Disclosures (including deemed and presumed) will be discussed as a way to enhance transparency and reduce biasness in operating the companies’ financial reports.
- Teacher: Ummi Nazzimah Abd Latif