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ACCT5521 - Advanced Corporate Financial Accounting

The subject code ACCT5521- Advanced Corporate Financial Accounting sample assignment supports postgraduate students in mastering advanced accounting concepts. Key topics include business combinations, consolidated financial statements, foreign currency transactions, financial instruments, and fair value measurement under IFRS.
Sample Questions & Answers
Q1. How are subsidiaries consolidated under IFRS 10?
By applying the control approach, combining all assets, liabilities, income, and expenses of the subsidiary with the parent.
 
Q2. How are foreign currency transactions treated?
Recorded at the spot rate, with monetary items retranslated at closing rates and differences in profit or loss (IAS 21).
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