Consolidated Financial Reporting

Front Cover
SAGE, May 25, 1996 - Business & Economics - 372 pages
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.

 

What people are saying - Write a review

We haven't found any reviews in the usual places.

Contents

Introduction
1
The Nature of Group Financial Statements
14
Changes in Group Composition
35
Consolidating the Major Financial Statements
75
UK practice
91
Summary and further reading
105
Accounting for goodwill
127
Wider context
140
Summary
199
Other performance statements
217
FRS 1 Cash Flow Statements
255
Other Group Relationships
265
Foreign Currency Translation
289
Segment ReportingUnresolved Issues in Consolidation
330
Abbreviated Solutions
350
Bibliography
359

Intragroup dividends
154
Consolidation concepts as a framework for alignment adjustments
169
Alignment adjustments
186

Other editions - View all

Common terms and phrases

Bibliographic information