This is the final course in financial accounting. Building on the foundation laid in ACCT2542, it covers more advanced topics including accounting and analysis in respect of associates, joint ventures, foreign currency transactions, offshore operations, diversified operations and derivative financial instruments. The course also covers topical issues related to the scope and quality of financial reports. Examples of such topics from past years include environmental reporting, ethical reporting dilemmas, and the information that should be reported on cultural and heritage assets.