ACC 402: Corporate Reporting

Learning Outcomes

At the end of this course, students should be able to:

1. prepare group financial statements involving fellow subsidiaries;
2. discuss and evaluate non-financial reporting initiatives on corporate performance measures;
3. prepare and analyse cash flows statement;
4. discuss creative accounting and aggressive earnings management;
5. apply provisions of IFRS to the preparation of financial statements;
6. explain the differences between integrated and sustainability reporting;
7. interpret financial statements using ratios; and
8. identify and appraise financial instruments.

Course Contents

Prepare group account involving direct subsidiaries, excluding indirect and joint subsidiaries. Non-financial reporting such as management commentaries, social and environmental accounting and reporting, sustainability accounting and reporting, and integrated reporting. Analysis and interpretation of financial statements including cash flows. Earnings management and effect on corporate reporting. Application of IAS 32 – Financial instruments presentation, IFRS 2 – Share-based payment; IFRS 7 – Financial instruments, disclosures, IFRS 9 – Financial instruments Recognition and measurement, IFRS 12 – Disclosure of interests in other entities, IFRS 13 – Fair value measurement, and IFRS 17 – Insurance contracts.