Review of ACC 321. Accounting for foreign currency transaction following theprovision of SAS

7 including foreign branches. Accounts of insurance companies and building societies, account

of banks and unit trust including SAS 10. Pension and provident fund. Account group and

theoretical regulatory framework of consolidation accounts, basic principle of consolidated profit

or loss accounts. Statement of financial position (including pre and post-acquisition profit/losses,

acquisition at different dates). Treatment of dividend in group accounts and the valuation of

assets for consolidation purposes, vertical and mixed group consolidates financial positions of


Level of Study: 400 Level