Consolidated Financial Statements: An International Perspective
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.
What people are saying - Write a review
We haven't found any reviews in the usual places.
Consolidated financial statements
The basic techniques
Consolidation of a partly owned subsidiary at
8 other sections not shown
Other editions - View all
000 Current assets 000 Fixed assets 000 Goodwill 000 lnvestment 000 Minority interest 000 Reserves 000 Retained profit 000 Revenue reserves 31 December 31 March accordance with lFRS acquired its interest amount Analysis of shareholders associate cash flow statement company's consolidated balance sheet consolidated financial statements consolidated income statement date of acquisition December 20X3 depreciation disposal finance lease financing activities flows from operating holding company Holding Ltd Holding Sub inter-company interest in Sub investor joint venture jointly controlled entity lnvestment in Sub Ltd & Subsidiary Ltd acquired minority shareholders Notes operating activities operating income Ordinary share capital paid parent company partly owned subsidiary post-acquisition profits preference dividend preference shares prepare consolidated financial preparing the consolidated pro-forma journal entry Proposed dividend Purchase difference R R Share capital Retained profit b/f Share capital 80 Share capital Reserves simple group Sub Ltd Sub1 Sub2 subsidiary company transactions unrealised profit