Unlike first-year tests where question one is about inventory and question two is about cash flows, ACC3704 integrates topics. A typical exam question might give you a parent company with a lease (IFRS 16) that sells goods (IFRS 15) to a subsidiary, and you must consolidate them (IFRS 10) while calculating deferred tax (IAS 12).

I’ll prepare a concise academic-style paper on "ACC3704." I’ll assume you mean the course code ACC3704 (advanced accounting/financial reporting). If you meant something else, say so now.

Group accounting becomes much harder when foreign subsidiaries are involved.