International Financial Reporting Issues

Course Leader: Mau Chi Fat, BBA (Hons) HKBU; MA (CurtinU); HKICPA; FCCA; ICAEW; CPA(USA)

Advisory prerequisite(s)
You are advised to have already studied ACT B861F.

Aims
The course aims to equip students with the conceptual knowledge and professional competence in preparing consolidated financial statements for external reporting purposes. It also addresses issues related to investment in subsidiaries, associates and joint ventures, as well as the impact of selected prominent accounting issues on the financial report.

Contents
The course covers the following topics:

• The role and importance of financial reporting
• Presentation of financial statements
• Impairment of assets
• Income taxes
• Business combinations and group accounting
• Selected issues in financial reporting

Contact hours
There will be a total of 33 contact hours, including lectures and tutorials.

Assessment
The course is assessed 100% by continuous assessment that consists of an assignment, oral presentation, participation, and a mark converted from the result of the CPA Australia external examination. Students are required to submit assignments via the Online Learning Environment (OLE).

Set book(s)
CPA Australia, Study Pack for Financial Reporting and/or other appropriate supporting materials when necessary.