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Consolidated Financial Statements, 8th Edition

Tan Liong Tong

Book MYR215.00 (No SST)

The latest edition of this book aims to keep up to date with the current developments in financial reporting standards on group accounts promulgated by the International Accounting Standards Board (IASB), and to incorporate the changes in the new Malaysian Companies Act 2015 on no par value shares and other requirements.

Aside from the MFRS Framework, this also includes the MPERS Framework for private entities, which became effective on 1 January 2016 and has various sections dealing with business combinations and consolidation.

There may also be circumstances where a group does not yet exist legally but the financial statements of segments or units under common control need to be aggregated for a particular transaction or event, such as in an initial public offer of shares. This new edition incorporates the accounting requirements and procedures for preparing combined financial statements in such circumstances.

This book is recommended as an invaluable source of reference for accounting students and practitioners as a comprehensive guide to the principles of consolidated financial statements.

Key features & benefits:

  • This book is a helpful guide to accounting students and practitioners by bringing their experience up to date with the current developments in this area of accounting.
  • Readers will be able to prepare consolidated financial statements that are accurate and meaningful to users of these statements.
  • Provides a comprehensive guide to the principles of consolidated financial statements.

Contents includes:

  1. Basic Principles of Group Accounts
  2. Further Principles of Group Accounts
  3. Goodwill on Combination, Bargain Purchase and Step-Acquisition
  4. Complex Group Structures, Loss-Making Subsidiaries and Other Requirements of MFRS 10
  5. Investments in Associates and Joint Arrangements
  6. Unconsolidated Subsidiary, Subsidiary Held for Sale, Reduction in Stake and Derecognition of Subsidiary, Associate or Joint Venture
  7. MFRS 3 Business Combinations, the Acquisition Method and Tax Effects
  8. Reverse Acquisition Accounting, the Merger Method and Combined Financial Statements
  9. Dilution, Accretion and Other Changes in Group Structures
  10. The Effects of Changes in Foreign Exchange Rates
  11. Disclosures of Interests in Other Entities and Contemporary Issues of Consolidation
  12. Statements of Cash Flows

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