ACG509 Global Perspectives of Accounting (8)

This subject presents concepts dealing with complex financial accounting issues within the regulatory and conceptual framework from an international context. Students will explore consolidated financial reporting and account for the impacts of foreign currency translations and transfer costs across international borders. The subject will also consider the impacts of related-party international dealings from a social accountability perspective.

No offerings have been identified for this subject in 2020.

Where differences exist between the Handbook and the SAL, the SAL should be taken as containing the correct subject offering details.

Subject Information

Grading System

HD/FL

Duration

One session

School

School of Accounting and Finance

Enrolment Restrictions

Postgraduate students only and not available to students who have completed ACC567

Prerequisites

ACG511 and ACG508

Incompatible Subjects

ACC567

Learning Outcomes

Upon successful completion of this subject, students should:
  • be able to explain the relationships that exist between a parent company and subsidiary, an investor and its investee, a company and its overseas subsidiaries;
  • be able to prepare accounts for each of the above-mentioned business combinations in accordance with relevant professional and statutory reporting requirements;
  • be able to discuss the relevant accounting standards and statutory reporting requirements for foreign currency dealings and segment reporting; and
  • be able to critically assess and report upon the information contained within published financial statements.

Syllabus

This subject will cover the following topics:
  • Business combinations
  • Consolidations
  • Investment in associates and joint ventures
  • Foreign interactions: currency translations
  • Entity statements
  • Transfer pricing decisions

The information contained in the CSU Handbook was accurate at the date of publication: October 2020. The University reserves the right to vary the information at any time without notice.

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