Accounting for Corporate Combinations and Associations, 7e is the latest update of this well-known and highly regarded text. This latest version reflects the significant changes to the Australian Accounting Standards and Corporations Law that have occurred since the last publication.
This seventh edition continues to provide the clearest, most comprehensive and most practical coverage of the complex areas of consolidations and related accounting topics. The text includes fully updated coverage of the main principles and techniques used in the preparation of consolidated financial reports for a company at the head of a corporate group.
Accounting for Corporate Combinations and Associations, 7e is written for second and third year undergraduate Advanced Financial Accounting, Company Accounting and Consolidated Financial Reporting courses requiring comprehensive coverage of accounting combinations and related topics. It is also suitable for students undertaking professional accounting qualifying examinations (in particular the CPA Australia or CA programs).
1.Text objectives and introduction to consolidation
2. Principles of consolidation
3. Fair value adjustments and tax effects
4. Intra-group transactions
5. Non-controlling interest
6. Partly-owned subsidiaries: indirect non-controlling interest
7. Consolidated cash flow statements
8. Accounting for associates: the equity method
9. Accounting for joint ventures
10. Translation and consolidation of foreign currency financial statements
11. Segment reporting by diversified entities
· Learning Objectives are shown at the start of each chapter.
· AASB Standards referenced within the chapter are listed at start of each chapter.
· Journals and worksheets are integrated throughout the text.
· End-of-Chapter Questions involve practical activities such as finding relevant financial data from company websites.
· Excel spreadsheet exercises enable students gain a clear understanding of formulas used and demonstrate how changes in one variable, such as the cost of acquisition, affect other variables such as goodwill.
· Technically edited text and solutions.
· For the student: Student Study Guide
· For the lecturer: Instructor’s Manual including solutions to questions, TestBank, Powerpoints to accompany each chapter.
Neal Arthur, BEc (USyd), MCom (Hons) (UNSW), PhD (USyd), CA, is a senior lecturer in the School of Accounting at the University of Sydney. Neal's current research areas are financial reporting and corporate governance. He has contributed articles to the Australian Journal of Management, Australian Accounting Review, Charter, Corporate Governance and the Journal of Corporate Finance. Neal has also been a co-author of previous editions of Accounting for Corporate Combinations and Associations. He has previously held visiting positions overseas, including the University of Michigan and the University of Texas. Prior to entering academia, Neal was employed at Deloitte.
Louise Luff, BBus (UTS), CA, VITAL, is a casual lecturer in the School of Accounting at the University of Sydney and Master of Accounting Program at Macquarie University. Louise has had significant accounting and management experience in both professional and commercial organisations, including the role of an accounting technical manager for a large Australian financial institution. She has written materials for the Institute of Chartered Accountants in Australia CA and Quality Assurance programs. She has also written study materials for the Atax program at the University of New South Wales.
Peter Keet has been a lecturer in accounting at the School of Accounting at RMIT University since 2002. Peter specialises in teaching courses based on accounting standards to both undergraduate and post-graduate Masters students. Prior to teaching at RMIT Unversity, Peter taught financial accounting for 20 years at various other Victorian Universities. Peter has also taught business finance and auditing. Peter has also been actively involved in the financial accounting modules of the CPA Program for 10 years. Peter has acted as Treasurer for a number of community, non-profit organisations.
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