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.
A critical skill taught in the course is scrubbing internal corporate noise from your books. Students must pass complex journal entries to eliminate: Intercompany loans and interest income/expenses.
is widely recognized as the pinnacle undergraduate module for accountancy majors at the National University of Singapore (NUS) Business School . Serving as the final capstone in the financial accounting sequence—following ACC1701, ACC2707, and ACC2708—this heavy-workload course transitions students from standalone corporate books to complex, multi-entity global structures. It demands rigorous technical competency, mathematical precision, and an intimate familiarity with Singapore Financial Reporting Standards (International), or SFRS(I).
The teaching team for ACC3704 is typically comprised of experienced academics and practitioners, such as Assoc Prof CHNG Chee Kiong, Adjunct Assoc Prof Sardool SINGH, and Adjunct Senior Lecturer Sanjna (Sandy) PUNJABI. The course is not for beginners; it requires a strong grasp of prerequisite knowledge from earlier courses like ACC2707 and ACC2708, which cover topics such as intangible assets, deferred tax, and financial instruments. The official textbook, Advanced Financial Accounting — An IFRS Standards Approach by Tan, Lim & Kuah, is essential. acc3704
ACC3704 usually has two major assignments.
Once students master the basics of consolidation, the course delves into the ongoing accounting challenges that arise after business combinations. This includes handling , impairment testing, and the ongoing measurement of goodwill and other acquisition-related balances.
You can find examples of successful project structures and report formats on platforms like Thinkswap or Course Hero . Students try to memorize the 16 principles of
Whether you are a student preparing to enroll, an accounting professional seeking to understand the educational pathway, or simply curious about what advanced accounting education entails, ACC3704 stands as a model of rigorous, professionally relevant education designed to produce the next generation of accounting leaders.
reflects the updated BBA framework where all accountancy majors are automatically tracked into the Honors program, satisfying university level-4000 designation guidelines.
Do youIf you are currently taking the module, I can help you find: NUSMods reviews for the latest semester You will be given a scenario about a
Students taking ACC3704 are expected to develop robust technical and analytical skills, including the ability to:
Consolidation problems require tracking adjustments across many accounts.
NUS and its students have developed a wealth of resources to support learning in ACC3704. The primary recommended textbook is . The relevant Singapore Financial Reporting Standards (International) [SFRS(I)] are also required references.