ACCT3011 Financial Accounting B Notes

Description

Notes cover content for entire semester Topics covered: * Consolidation and the concept of control * Principles of consolidation and the consolidation process * Fair value adjustments and tax effect accounting * Intra-group transactions (borrowing and inventory) * Intra-group transactions (non-current assets) * Partly owned subsidiaries: non-controlling interest * Segments and related party disclosures * Accounting for associates and joint ventures – the equity method * Joint Operations and Foreign Currency Translation * Financial instruments and hedge accounting * Issues in consolidation, accounting standard-setting processes & social and environmental reporting Includes lecture notes, readings and the textbook