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HONG KONG BAPTIST UNIVERSITY DEPARTMENT OF ACCOUNTANCY & LAW ACCT 4005 ADVANCED ACCOUNTING I SEMESTER ONE (2017/18) INSTRUCTOR Dr. Stella So Office: Phone: E-mail:

WLB613 3411 7576 [email protected]

COURSE OBJECTIVES This subject aims to provide students with a comprehensive discussion of selected advanced topics in financial accounting. Students will be able to understand the concepts and techniques of preparing consolidated financial statements for financial reporting. Emphasis is placed on the theoretical background and critical appraisal of different reporting methods and issues.

Local business

environment and legal requirements are emphasized. REFERENCE Picker, R., Clark, K., Dunn, J., Kolitz, D., Livne, G., Loftus, J., and Van der Tas, L. (2016). Applying International Financial Reporting Standards (4th ed.). Milton: John Wiley & Sons. Lam, N., Yuen, K.P., and Kwong, J. (2016). Advanced Financial Reporting: An IFRS Perspective. McGraw-Hill Education (Asia). Hong Kong Financial Reporting Standards (HKFRS): Hong Kong Institute of Certified Public Accountants (HKICPA). International Financial Reporting Standards (IFRS).

International Accounting Standards Boards

(IASB).

COURSE ASSESSMENT Composite mark for assessment of grading in the course will be calculated using the following weightings: Class Participation and Presentation

10%

Assignment

10%

Mid-term Test

25%

Final Examination

55% 100%

TOPICS

1. 2. 3. 4.

Business Combinations Consolidation of Subsidiaries Equity Method for Associates and Joint Ventures Implications of Deferred Tax

TENTATIVE SCHEDULE Section 1

Section 2

Wed 9:30

Fri 3:30

WLB204

WLB206

Sep 6

Sep 8

Business Combinations

Sep 13 Sep 20 Sep 27 Oct 4*

Sep 15 Sep 22 Sep 29 Oct 6*

Consolidation of Subsidiaries

(1) (2) (3) (4)

Oct 11

Oct 13

Oct 18

Oct 20

Equity Method

(1) Handout Q1

EM journal entries

Nov 1

Nov 3

(2) Handout Q2

Consolidation and EM

Nov 8

Nov 10

(3) QP Module A

Dec 2012 Case modified

(4) ACCA F7

Jun 2010 Q1(a)

Exercises

QP Module A Handout Q1 ACCA F7 ACCA F7

Jun 2013 Case modified Consolidation Dec 2014 Q3 Jun 2013 Q1(a)

Oct 25*

Oct 27*

No Class, Mid-term Test Oct 27 6:45-8:15pm (TBC)

Nov 15

Nov 17

(1) QP Module A

Dec 2013 Q2(a)

Nov 22

Nov 24

Consolidation involving

(2) QP Module A

Dec 2012 Q3

Nov 29

Dec 1

Deferred Tax

(3) QP Module A

Jun 2013 Case

(4) QP Module A

Dec 2010 Case

(5) QP Module A

Jun 2011 Case

(6) QP Module A

Jun 2015 Case

* No class....