ACCT301 Advanced Financial Accounting
This course is designed to meet the following primary objectives:
1. To provide students sound and in-depth technical and conceptual knowledge of advanced
accounting topics relating to business combinations, inter-corporate investments, consolidation,
foreign currency translation, accounting for financial instruments and deferred taxation.
2. To inculcate an attitude of independent learning. Given the rapid changes in the environment
of accounting, the pedagogy provides a platform for students to develop a life-long habit of
independently analyzing, deconstructing and determining conceptual shifts in Financial Reporting
Standards (FRS). Students also pre-empt emerging issues in accounting by discussing news
reports on emerging issues in business and new transactions which may have implications on
the future of accounting.
3. To foster analytical thinking and the use of related disciplines (e.g. business strategy and
finance) to analyze specific accounting standards and to execute the group project.