Module 5: Intercompany transactions There are no required IFRS readings for this module. Required readings from the textbook are listed with each topic. Overview In Module 5, the focus of your competency development is on accounting for intercompany transactions and ensuring these transactions are properly reflected on the consolidated financial statements. As you study this module, consider who the users of the consolidated financial statements are, and keep in mind the importance of preparing financial statements that are appropriate to the users' needs. This module aims at extending yo