TABLE OF CONTENTS
Chapter 1: Text objectives and introduction to consolidation 1
Chapter 2: Principles of consolidation 21
Chapter 3: Fair value adjustments and tax effects 49
Chapter 4: Intra-group transactions 69
Chapter 5: Non-controlling interest 95
Chapter 6: Partially owned subsidiaries indirect non-controlling interest 115
Chapter 7: Consolidated cash flows statements 145
Chapter 8: Accounting for associates: The equity method 173
Chapter 9: Accounting for joint ventures 199
Chapter 10: Translation and consolidation of foreign currency financial statements 227
Chapter 11: Segment reporting by diversified entities 255
Each chapter of the study guide contains the following features:
- Learning Objectives
- Detailed Chapter Overview with many step-by-step worked examples
- Testing Your Knowledge:
- Multiple Choice Questions
- Practice Consolidation Skills Worksheet Problems
Students can check at the end of the study guide for answers to multiple choice, and practical consolidation skills questions. The iterative process of answering questions, checking results and then correcting errors is intended to assist the students in their study of advanced financial accounting.
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.