Basics of Consolidation of Financial Statements (UUM Press)

Basics of Consolidation of Financial Statements (UUM Press)
Author: Jamaliah Abdul Majid
Publisher: UUM Press
Total Pages: 169
Release: 2019-09-01
Genre: Business & Economics
ISBN: 9672210949
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This book, Basics of Consolidation of Financial Statements, presents a step-by-step approach in learning the basics concepts in consolidation of financial statements. Rather than focusing on complex explanations and discussions, this book explains consolidation of financial statements using simple concepts. The book is intended primarily for students who are at the advanced stage of financial accounting and reporting course. To prepare consolidated financial statements, it is essential for students to equip themselves with strong understanding of the basic concepts of consolidation. Therefore, the aim of this book is to provide accounting students with a framework for learning these basic concepts in consolidation. Each chapter of the books offers examples, comprehensive illustrations, exercises and problems for students to tackle at different stages of the consolidation so that the students’ understanding on the concepts and techniques of consolidations is strengthened.

Consolidated Financial Reporting

Consolidated Financial Reporting
Author: Paul Taylor
Publisher: SAGE
Total Pages: 385
Release: 1996-05-25
Genre: Business & Economics
ISBN: 1849207097
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Consolidated Financial Reporting introduces and examines what is currently the most central and controversial area in financial reporting. In an innovative and distinctive way the author integrates concepts, techniques, controversies and current practice. Techniques are introduced within a framework which shows why they work and what the figures mean. Controversial issues are grounded within modern accounting theory and practice. All core areas and relevant standards are covered including: acquisition and merger accounting; fair values at acquisition; goodwill; consolidated cash flow statements; reporting consolidated financial performance; foreign currency translation; segmental reporting; off-balance sheet financing; and related party transactions. The book is designed so that readers with particular interests - for example in technical matters or concepts and standards - can easily find their way through clearly marked sections. Discussion and calculation reinforce each other - calculations illustrate controversies, and controversies and concepts illustrate techniques. Examples are carefully graduated and care is taken not to obscure principles with unnecessarily complex calculations. Materials are set into an international context. The book is both rigorous and accessible. It is an extensive revision of and successor to the author′s 1987 title Consolidated Financial Statements. Because of recent theoretical and institutional developments, an enormous amount of new material has been added and new teaching approaches to many areas included. There are many more worked examples and exercises as well as approachable discussions of ′state-of-the-art′ advanced topics. The solutions notes for each case are avilable on a disk for instructors who recommend the book for course use.

Consolidated Financial Statements

Consolidated Financial Statements
Author: Mfandaidza Reuben Hove
Publisher: Juta and Company Ltd
Total Pages: 276
Release: 2006
Genre: Business & Economics
ISBN: 9780702171628
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This reference covers the basic and fundamental accounting techniques required to compile consolidated financial statements covering the operations of enterprises, which at the end of their financial year have a subsidiary or subsidiaries under their control and/or subsidiaries and associated companies as set forth in the International Accounting Standards IAS 27, IFRS3, and IAS28. Of particular use to practitioners and students in developing countries, the text employs a building-block approach to gradually introduce topics of increasing complexity and contains practical examples of how compliance with international accounting standards can be achieved and how outcomes can be determined. Also included are tutorial exercises with suggested solutions.

Consolidation Accounting Disclosures

Consolidation Accounting Disclosures
Author: Ian Alexander Eddie
Publisher:
Total Pages: 1260
Release: 1995
Genre: Financial statements, Consolidated
ISBN:
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Consolidation, Translation and the Equity Method

Consolidation, Translation and the Equity Method
Author: Paul H. Rosenfield
Publisher: *Ronald Press
Total Pages: 274
Release: 1985-07-23
Genre: Business & Economics
ISBN:
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This, the first book devoted exclusively to consolidated financial statements, lets readers access useful information in half the time it previously took. Only this single reference source answers all practical questions relating to the preparation or use of consolidation, translation, or the equity method; provides a simple explanation of all the underlying concepts; describes every procedure; provides examples from annual reports of disclosures; and discusses all relevant issues, including stockholding changes, intercompany tax allocations, and push down accounting.

Financial Audit

Financial Audit
Author: David M. Walker (au)
Publisher: DIANE Publishing
Total Pages: 78
Release: 2005-09
Genre: Business & Economics
ISBN: 9781422301135
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For the past 8 years, since the first audit of the consolidated financial statements of the U.S. gov't. (CFS), certain material weaknesses in internal control & in selected accounting & financial reporting practices have resulted in conditions that have prevented the GAO from expressing an opinion on the CFS. The U.S. gov't. does not have adequate systems, controls, & procedures to properly prepare the CFS. The purpose of this report is to: discuss the details of the weaknesses relating to the Treasury's preparation of the CFS; recommend improvements to address those weaknesses; & provide the status of corrective actions to address the 142 open recommendations previously reported. Includes 20 new recommendations. Charts & tables.

Consolidated Financial Statements

Consolidated Financial Statements
Author: International Accounting Standards Committee
Publisher:
Total Pages: 24
Release: 1976
Genre: Business & Economics
ISBN:
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UK Financial Statements - Presentation and Disclosure Requirements

UK Financial Statements - Presentation and Disclosure Requirements
Author: Steve Collings
Publisher: Bloomsbury Publishing
Total Pages: 789
Release: 2016-10-28
Genre: Business & Economics
ISBN: 1784515361
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Accounting standards in the UK and Republic of Ireland are going through a radical change. This book outlines the changes concerned, how they affect companies, what differences exist between the new and the old rules and what practitioners and directors should be aware of in producing financial statements for statutory purposes. To aid this theory, numerous worked examples and illustrative model accounts are included to help preparers understand how these changes should be implemented.Practitioners and preparers of accounts need to be fully versed in the changes to accounting practice and the stumbling blocks to avoid under the new rules. Each chapter contains a 'Pitfalls to avoid' section as well as a 'Chapter summary' to help preparers to understand the key differences. Invariably, if the accounts themselves are incorrect due to a misunderstanding of the new treatments, the resulting tax will be incorrect.UK Financial Statements: Presentation and Disclosure Requirements provides a comprehensive overview of the new reporting regimes in the UK and Republic of Ireland. Written by an expert in UK company financial reporting issues, it includes illustrative financial statements, model disclosures and the structure of the primary statements under new UK GAAP andEU-adopted IFRS. The appendices also contain useful disclosure checklists.The book is ideal for: Practitioners dealing with all types of companies Tax advisers Company directors Students studying for professional examinationsCoverage includes:Introduction;Overview of the revised Companies Act 2006;Summary of new UK GAAP and emerging issues and how to deal with them;Overview of small and micro-entity reporting requirements;Sample micro-entity financial statements;Sample small company financial statements;Sample medium-sized company financial statements;Sample large (unlisted) company financial statements;Sample EU-adopted IFRS financial statements;Abridged and adapted financial statements;Consolidated financial statements - overview of the requirements;Sample consolidated financial statements prepared to UK GAAP;Sample consolidated financial statements prepared to EU-adopted IFRS;Auditing financial statement disclosures.Appendices include: Disclosure checklists for micro-entities, small companies, medium-sized companies, large companies and EU-endorsed IFRS.

Principles of Group Accounting under IFRS

Principles of Group Accounting under IFRS
Author: Andreas Krimpmann
Publisher: John Wiley & Sons
Total Pages: 869
Release: 2015-06-02
Genre: Business & Economics
ISBN: 1118751418
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A professional perspective to implementing IFRS 10, 11, and 12 The new International Financial Reporting Standards (IFRS) 10, 11, and 12 are changing group accounting for many businesses. As business becomes increasingly global, more and more firms will need to transition using the codes and techniques described in Principles of Group Accounting under IFRS. This book is a practical guide and reference to the standards related to consolidated financial statements, joint arrangements, and disclosure of interests. Fully illustrated with a step-by-step case study, Principles of Group Accounting under IFRS is equally valuable as an introductory text and as a reference for addressing specific issues that may arise in the process of consolidating group accounts. The new international standards will bring about significant changes in group reporting, and it is essential for accountants, auditors, and business leaders to understand their implications. Author Andreas Krimpmann is an internationally recognized authority on the transition from GAAP to IFRS, and this new text comes packaged with GAAP/IFRS comparison resources that will help make the changes clear. Other bonus resources include an Excel-based consolidation tool, checklists, and a companion website with the latest information. Learn about: Definitions, requirements, processes, and transition techniques for IFRS 10, 11, and 12 covering group level accounting Practical implementation strategies demonstrated through a clear case study of a midsize group Key concepts related to consolidated financial statements, joint ventures, management consolidation, and disclosure of interests Comparisons between GAAP and IFRS to clarify the required changes for international firms Whatever stage of the consolidation process you are in, you will appreciate the professional perspective in Principles of Group Accounting under IFRS.