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Consolidated Financial Reporting
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Consolidated Financial Reporting



May 1996 | 416 pages | SAGE Publications Ltd
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.

 
PART ONE: FUNDAMENTALS OF GROUP ACCOUNTING
 
Introduction
 
The Nature of Group Financial Statements
 
Business Combinations
Changes in Group Composition

 
 
PART TWO: CONSOLIDATING THE MAJOR FINANCIAL STATEMENTS
 
Consolidated Balance Sheets under Acquisition Accounting
 
Fair Values and Goodwill
Alignment Adjustments (1)

 
 
Intra-Group Transactions and Distributions
Alignment Adjustments (2)

 
 
Consolidated Profit and Loss
Reporting Financial Performance (1)

 
 
Reporting Financial Performance (2)
 
Consolidated Cash Flow Statements
 
PART THREE: OTHER ISSUES IN GROUP ACCOUNTING
 
Other Group Relationships
 
Foreign Currency Translation
 
Segment Reporting/Unresolved Issues in Consolidation

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Paul A Taylor

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ISBN: 9781853962509
£44.99 

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