Students tackle corporate reporting scenarios where economic control, legal boundaries, and stakeholder interests intersect. It provides the advanced technical knowledge needed to sit for global professional credentials like the Chartered Accountant (CA) Singapore, ACCA, or US CPA. Core Pillars of the Curriculum
When a firm has significant influence or shared control rather than absolute control, students must shift from full consolidation to equity accounting or proportionate reporting. ACC3704-course-outline-draft-1_2025.pdf - The NUS BBA
Rote memorization is rarely enough to pass the exams. Focus on understanding the core business rationale behind each standard. Ask yourself how a specific rule prevents a company from hiding debt or artificially boosting its net income. Practise Under Time Constraints acc3704
Real-world case study analyzing real business combinations (e.g., Aramco's acquisition of SABIC ).
Students try to memorize the 16 principles of King IV verbatim. ACC3704 does not ask for regurgitation. It asks for application . You will be given a scenario about a mining company that ignores local communities. You need to apply Principle 12 (Stakeholder relationships) to that specific scenario. ACC3704-course-outline-draft-1_2025
View sustainability reporting as a strategic tool rather than a regulatory burden.
Governance without controls is a philosophy. ACC3704 requires you to get practical. You will be asked to identify risks inherent in a business process (e.g., revenue, purchasing, payroll) and design controls to mitigate those risks. acc3704
Final examinations for ACC3704 are scheduled for specific dates each semester, typically running three hours in duration.
The module moves beyond individual company accounts to focus on and Complex Reporting . 1. Business Combinations & Consolidations
Deferred tax gets complex here. You will handle temporary differences, assessed losses, and tax base calculations for complex assets (like ROU assets from IFRS 16).
This is the undisputed king of ACC3704. Approximately 40–50% of the exam is usually dedicated to consolidations. You will learn: