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What you'll be able to do (official learning outcomes)
prepare simple group account of one subsidiary and an associate
understand the provisions of relevant accounting standards on preparation of group account, such as IAS 28, IFRS 3, IFRS 10, IFRS 11, IFRS 12, IFRS 13
account for non-controlling interest at fair value, goodwill, and acquisition during the year
discuss related party transactions under IAS 24; 47
discuss operating segments under IFRS 8
analyse and interpret financial statement of a simple group involving one subsidiary and an associate; and
Course contents
Preparation of simple group account of a direct subsidiary and an associate. Discuss and account for business combinations using IFRS 3 – Business combinations. Application of other applicable standards such as IFRS 10 – Accounting for consolidated financial statement, IAS 28 – Accounting for investments in associates, IFRS 12.
Source: the Nigerian Universities Commission (NUC) Core Curriculum and Minimum Academic Standards (CCMAS). StudyOps loads this syllabus automatically when you study ACC 401.