Supplementary resources include:
: Eliminating "deep" or complex intragroup profits from inventory, land, or equipment sales that occur after the acquisition. 🎓 Module Context
Specific focus areas for the upcoming SCAQ Professional Level Exams Just let me know what you'd like to dive into next! NUS - National University of Singapore ACC3704-course-outline-draft-1_2025.pdf - The NUS BBA
: Learning how to eliminate the parent's investment against the subsidiary's equity over time. acc3704
The standard ACC3704 exam is 2.5 to 3 hours for 100 marks. Students report that they know the content, but cannot produce the journal entries fast enough. Speed is a learned skill.
is an advanced financial accounting course offered at the National University of Singapore (NUS) Business School . This 4-unit course focuses on high-level reporting complex structures, including business combinations and foreign currency operations. Course Overview
: Eliminating transactions between entities within the same group. The standard ACC3704 exam is 2
Review your pro-forma templates (consolidation matrices, lease schedules). Do not try to learn a new standard like IFRS 9's ECL model 12 hours before the exam. It won't stick.
Step-by-step breakdown of how the acquirer determined Control under SFRS(I) 10.
Not every investment results in a subsidiary. ACC3704 covers how to account for "significant influence" and shared control under: The equity method for associates. is an advanced financial accounting course offered at
2. Foreign Operations & Hyperinflation (Focus: SFRS(I) 1-21)
ACC3704 is not a module you can cram. Regular practice with consolidation worksheets is vital to understanding where each adjustment entry goes. Focus on Group Projects:
Upon completing ACC3704, students are expected to achieve several key objectives:
| Rule | Explanation | |------|-------------| | | Post before preparing trial balance/financial statements. | | Traceable | Use posting references to link journal → ledger. | | No omissions | Every line in journal posted to general ledger. | | No alterations | Errors corrected via adjusting entries, not erasing/overwriting. | | Period end | All transactions within an accounting period posted before closing. |