fac3764 assignment 8 answers

FAC3764 | Financial Accounting

R 3950,00

This year-long module (combining FAC3761 and FAC3762) covers both IFRS and Group accounting. We cover the syllabus with video lectures, explaining everything you need to know for third year. We explain the syllabus simply, so you’ll be able to apply it to any situation.

Our classroom is set up in the same order as your study guide, making it easy to work through the whole syllabus. Our exam course videos walk you through two past exams, showing you how to read, plan and answer your questions.

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FAC3764 starts with the Conceptual Framework, building on 2 nd year knowledge. From there, IAS 12 Income Taxes is covered in great detail. This is a section that students often struggle with, and it applies to most of your Financial Accounting studies and topics, so it becomes assumed knowledge in your modules going forward. You really need to understand it here, because you won’t have time to re-learn it in the rest of your modules!

The first part of the course is also largely about assets and their measurement. There is more than one IFRS relating to different types of assets: property, plant and equipment; intangible assets; property bought for investment; assets that have been discontinued and will be sold; assets that need to be impaired and financial instruments. These make up a big part of the course - how to bring them on the books, calculate their values, and present them on the financial statements are the main things you’ll learn here. In addition, the accounting for leases and revenue from contracts with customers is also covered.

The biggest standards are covered with quite a few lectures to explain them with examples to illustrate them. You’ll probably be spending more time on these.

The second part of the course covers group accounting. We kick off with brief re-introduction of some of the basics in case you do not recall these from your prior studies. The module will teach you how to consolidate a group of companies, and how to account for associates and joint arrangements. This is an exciting and new challenge in your accounting journey!

Our lecturers follow a unique approach to teaching the consolidation process to students. The lecturers make use of a journal approach which has proven to aid students greatly in understanding very complex consolidations.

Overall, the course revisits some topics covered in 2 nd year (don’t worry, we don’t just assume you are an expert on these), builds on these and introduces some new topics. The entire syllabus is covered by video lectures. In these videos we will also be teaching you what the various IFRS standards are there for, how they’re structured, how they work, and how they’re presented on the financial statements.

For your exams, we’ve gone through two past exams, showing you in how to read, plan and answer your questions.

TOPICS/STANDARDS

• Conceptual framework for financial reporting
• Income taxes (IAS 12 and FRG1)
• Revenue from contracts with customers (IFRS 15)
• Leases (IFRS 16)
• Property, plant and equipment (IAS 16)
• Investment property (IAS 40)
• Fair value (IFRS 13)
• Intangible assets (IAS 38)
• Impairment of assets (IAS 36)
• Non-current assets held for sale and discontinued operations (IFRS 5)
• Accounting policies, changes in accounting estimates and errors (IAS 8)
• The effects of changes in foreign exchange rates (IAS 21)
• Financial instruments (IFRS 9 and IAS 32)
• Employee benefits (IAS 19)
• Revision: Introduction to Groups
• Revision: Intercompany Transactions and Balances
• Business Combinations: At Acquisition (IFRS 3)
• Business Combinations: After Acquisition (IFRS 3)
• Simple Groups
• Joint arrangements (including Joint Ventures)
• Related Party Disclosures (IAS 24)
• Changes in Ownership
• Different reporting frameworks, accounting theories and emerging accounting trends

PLEASE NOTE: THIS COURSE IS DESIGNED TO SUPPORT 2024 ONLY. PURCHASE WILL GIVE YOU ACCESS TO THIS COURSE UNTIL THE OCTOBER/NOVEMBER EXAMINATIONS HAVE BEEN WRITTEN.

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Third Years- Financial Accounting (FAC3764)

Topic: FINANCIAL ACCOUNTING

Materials available

Download a free sample document

• Assignment Guides
• Study Notes
• Tutorial Videos

What you will learn:

The following topics are included in this course:

• Income taxes - IAS 12 & FRG 1
• Accounting policies, changes in accounting estimates and errors - IAS 8
• Revenue - IFRS 15
• Provisions, contingent liabilities and contingent assets - IAS 37
• Events after the reporting period - IAS 10
• Property, plant and equipment - IAS 16
• Investment property - IAS 40
• The effects of changes in foreign exchange rates - IAS 21
• Impairment of assets - IAS 36
• Intangible assets - IAS 38
• Non-current assets held for sale and discontinued operations - IFRS 5

Who is this for?

This course is designed to provide the most needed additional help and boost the academic performance of 3rd year students registered in any tertiary education institution, including but not limited to:

2. Milpark Education- Business School

3. Regenesys Business School

4. Lyceum Correspondence College

5. Boston City Campus & Business College

4. ACCA and CIMA

FAC3764: UNIT 1 - Calculation of Current Tax Expense

Duration: 1hr 5minutes

This session is for Third Years (FAC 3764)

• In this session you will learn how to calculate the Current Tax Expense interms of IAS 12 (6 step model)

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Advanced accounting for selected ifrs, selected accounting standards for companies, sta1610 & sta1510 for university first year students., basics of economics, advanced managerial finance, advanced cost & management accounting, business taxation, application of international accounting standards in financial reporting, group consolidation processes, principles of business taxation, tax3761 for university third year students., mac2602 for university second year students., sign in to your account, forgot password, create a new account.

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FAC3701 – General Financial Reporting

Assignment 1 – Semester 2 2018 – Suggested Solution

Assignment 2 – Semester 2 2018 – Suggested Solution

FAC 3701 Exam Pack

FAC3701 -_2015_discussion_classes

FAC3701 ias_12_-__advanced_handout_-_v1(header)

FAC3701 -su1-conceptual_framework(header)

FAC3701 -su3-ias_1_handout(header)

FAC3701 -su4(a)-ias12-basics(header)

FAC3701 -su5-ias_8-_summary_notes(header)

FAC3701 -su6-ias10-summary_notes(header)

FAC3701 -su7-ias37-summary_notes(header)

FAC3701 -su9-ias_18-summary_notes(header)

FAC3701 -su9-ifric13-summary_notes(header)

FAC3701 tut letter 103_2015_3_e

FAC3701 tut letter 104_2015_3_e

FAC3701_2018_TL_202__2_E

FAC3701_OctNov2011_solutions

FAC3701-EXAM-PACK

FASSET 3 with answers

Graded questions 2018

001_2018_4_e

101_2018_3_e Q

101_2018_3_e

103_2018_3_e

2016 exam pack

2018_S1_201_E

2018_S1_202_E_1_

2018_S2_201_E

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