For accounting students at the , ACC3704 (Advanced Corporate Accounting and Reporting) is widely regarded as one of the most challenging and critical "gatekeeper" modules in the Bachelor of Business Administration (Accountancy) curriculum.
Eliminating unrealized profits and reconciling inter-company balances.
Converting the financial statements of a foreign operation (subsidiary) into the group's presentation currency. Assessment Structure
Individual foreign currency purchases and sales.
This is the heart of the course. You will learn how to prepare consolidated financial statements for groups of companies. Key technical areas include:
Depending on your admission year, you might see this course referred to as ACC4702 . As of the 2023/24 curriculum, all Accountancy Major students are enrolled in the Honours track and read this course as ACC4702, though the content remains identical to ACC3704. Core Curriculum: The "Big Three" Topics
ACC3704 is the final installment in the financial accounting sequence at NUS, following ACC1701, ACC2707, and ACC2708. It is designed to prepare students for the complexities of professional practice and provides a direct pathway for exemptions from the .
The module moves beyond individual company accounts to focus on and Complex Reporting . 1. Business Combinations & Consolidations