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Level 7 Diploma in Accounting and Finance

Group Financial Reporting and Consolidation

AF702 · Corporate Reporting — Week 6 of 16

CourseAF702
Week6 of 16
SemesterI
TutorOnline in the course chat

This week’s topics

Group Financial Reporting and Consolidation

  1. Business combinations and fair value adjustments
  2. Goodwill calculation and impairment
  3. Elimination of intra-group balances and unrealised profits
  4. Accounting for associates and joint arrangements

What you will be able to do

  • 3.1 Prepare accounting information.
  • 4.1 Explain specific policies, practices and regulations within corporate accounting.

Activity

Seminar, guided reading and a short written task: prepare accounting information.

Study materials

Videos

  • Webinar recording: Discussion Paper: Business Combinations—Disclosures, Goodwill and Impairment · YouTube · IFRS Foundation · 47 min · for registered students
  • Second webinar: Discussion Paper Business Combinations—Disclosures, Goodwill and Impairment · YouTube · IFRS Foundation · 37 min · for registered students

Further resources

  • Intermediate Financial Accounting Vol. 1, Lyryx 2021-A, ch. 8: Intercorporate Investments · PDF · Other, textbook chapter; pp. 281–336 · for registered students
  • FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (September 2024) · PDF · Frc, framework · for registered students
  • Financial Accounting, ch. 12: In a Set of Financial Statements, What Information Is Conveyed about Equity Investments? · PDF · Saylor Academy, textbook chapter; pp. 460–504 · for registered students
Materials marked “for registered students” open in the student portal, which is set up as soon as you receive final acceptance.
Week 5Week 7
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Admitted students ask questions on this week’s page in the student portal: an AI assistant trained on the course answers first, and during the course’s timetabled classes Connect to your tutor brings your tutor into the chat, who may start a call if needed.

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Course plan
  • Week 1: Regulatory Frameworks in Corporate Reporting
  • Week 2: Abuse, Creative Accounting, and Ethical Failures
  • Week 3: Conceptual and Theoretical Underpinnings of Accounting
  • Week 4: Corporate Accounting Policies and Application
  • Week 5: Preparation of Primary Financial Statements
  • Week 6: Group Financial Reporting and Consolidation
  • Week 7: Financial Performance Interpretation and Ratio Analysis
  • Midterm: Midterm evaluation
  • Week 9: Critical Assessment of Published Corporate Reports
  • Week 10: Sector-Specific Accounting Frameworks
  • Week 11: Critical Evaluation of Specialized Industry Accounting
  • Week 12: Applying Corporate Reporting in practice: case studies
  • Week 13: Assignment workshop: research, planning and referencing
  • Week 14: Assignment workshop: drafting, feedback and improvement
  • Week 15: Review and coursework completion
  • Final: Final assessment and submission
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