BAC3634 CORPORATE ACCOUNTING 1

Course Code : BAC3634

Course Title : Corporate Accounting 1
Course Status : Major
Credit Hours : 4
Pre-requisite : BAC2634 Financial Accounting and Reporting 2
Assessment : Group assignments 20%
Midsemester e!amination 1"%
Final e!amination 6"%
#otal 100%
Trimester Offered : #rimester 2 $Gamma %e&el'
Objective : #o de&elop t(eoretical and practical )no*ledge and s)ills on preparing a *ide
group structure reporting t(at inculcate all aspects o+ t(e +inancial reporting t(at is
needed in a Mala,sia Compan, and #o de&elop -prepare students to ta)e
part in accounting acti&ities o+ a group compan, and to pro&ide a critical
e&aluation according to t(e Mala,sian Accounting .tandards / FR.
%ecture 0r1Ramai,er .u2ramanian
Room R200"
3(one4 2"23566
4
4
4
4
11 An, a2sence +rom class7 *it(out &alid reasons and e&idence *ill 2e recorded and
students *(o +ailed to ac(ie&e 60% o+ t(e attendance *ill 2e 2arred +rom sitting t(e +inal
e!amination1
21 An, student *(o came to class *it(out 2ringing te!t2oo) and learning materials *ill
get 8ero 90: +or attendance1
31 An, student *(o ne&er attempted t(e tutorial ;uestions *ill get 8ero 90: +or
attendance1
1
Lecture / Tutorial Schedule:
ee!
"o#
ee!
$e%in
Lecture To&ics 'eadin%s Tutorial assi%nments
Cha&# Pa%e Cha&# (uestion
1 2 <une
)# $usiness combination and Com&an* 'econstruction:
Amalgamation7 A2orption
=nternal reconstruction
>!ternal reconstruction
0iscussion 611? 612? 614?
6 @ A 2"534"
2 5 <une
+# ,inancial 'e&ortin% of Consolidated -rou& . /,'S)+0
3arent and su2sidiar,
Group structure
Concept o+ consolidation
Consolidation met(od / ac;uisition met(od
0ate o+ ac;uisition
Accounting policies
6 3453A0 6@ A 616? 615
A16? A15
+# Pre&aration of Consolidated Statement of ,inancial Position
Consideration trans+erred / cost o+ in&estment
3reac;uisition reser&e
Good*ill and 2argain purc(ase
Boncontrolling interest $BC='
3reparation o+ t(e consolidated statement o+ +inancial position on su2se;uent
dates
Fair &alue adjustments and recognition o+ unrecognised assets o+ t(e
su2sidiar,1
=ntercompan, 2alances and transactions
0iscussion 513? 5167 515
5 3A"43"
BAC3634 CORPORATE ACCOUNTING 1
3 16 <une
1# Treatment of 2ncome from Subsidiar* and $onus 2ssue
=nterest
0i&idends
Bonus s(ares issued 2, t(e su2sidiar,
0iscussion / 1011? 1012? 1013
2ntra -rou& Sale of Assets
0iscussion
10
11
441466
4AA"01
5 5112? 5113
4 23 <une
3#Consolidated Statement of Com&rehensive 2ncome
Accounting tec(ni;ues
=ntra group di&idends intra group transactions-e!penses-income
3re+erence s(ares in su2sidiar,
Ac;uisition o+ su2sidiar, during t(e ,ear
0iscussion / 1212? 1214
12 "15""3 1113?1114
" 30 <une
4# Accountin% for Associates 5/,'S)+67
=n&estment in associates
Accounting treatment o+ associates
>;uit, met(od
Group statement o+ +inancial position
Group statement o+ compre(ensi&e income
0iscussion / 1311? 1312
13 ""5"61 121"? 1216
6 A <ul,
8# Accountin% for 9oint :enture 5/,'S)1)7
Forms o+ joint &enture
<ointl, controlled operation
<ointl, controlled assets
<ointl, controlled entities
0iscussion 1412
14 "5"60"
1314? 131A
A 14 <ul, Associate compan, 1" 1413
6 21 <ul,
0# 2ncreases in Shareholdin%
Gradual ac;uisition
=ncrease in t(e controlling interest
16 661654 1414
4
BAC3634 CORPORATE ACCOUNTING 1
0iscussion / 161A? 1616
5 26 <ul, M=0 #>RM BR>AC $3DB%=C EF%=0AG 2625 Eari Ra,a'
10 4 Aug
6# ;is&osal of Shares in Subsidiar*
Calculation o+ gain or loss in disposal
Consolidated tec(ni;ues
0iscussion / 1A16
1A A03A41 1616?1615
11 11 Aug
<# Com&le= -rou& Structure
Group *it( +ello* su2sidiaries
Hertical group
0iscussion 1"11? 1"12?
1" 61"6"" 1A112? 1A113
12 16 Aug
)># Com&le= -rou& Structure
Mi!ed Group
Consolidated =ncome .tatement
=ndirect interest in Associate
0iscussion / 1"16
1" 61"6"" 1"13? 1"14
13 2" Aug
))# Consolidated Statement of Cash ,lo?s
0i&idends paid 2, su2sidiar, and associate
Ac;uisition-disposal o+ associate during t(e ,ear
Ac;uisition-disposal o+ su2sidiar, during t(e ,ear
0iscussion / 1512
15 A53614 1"16? 1"110
14 1 .ept 1514? 1516
1" 6 .ept
'evision
16 1" .ept
@AA/ @@B
Te=t $oo!:
<ane %a8ar @ #an %a, %eng / Compan, and Group Financial Reporting7 3rentice Eall7 A
t(
edition1
5
BAC3634 CORPORATE ACCOUNTING 1
'eferences:
1. Bg >ng <uan $200A'1 Consolidated Financial .tatement Mala,sia7 McGra* Eill 1
st
edition1
2. #an %iong #ong $1551'1 Consolidated Financial .tatement7 Cuala %umpur7 3AAc 3ro+essional Ad&ancement Ac(ie&ement Centre1
3. Mala,sian Financial Reporting .tandards
4. %isted Companies annual reports
6