Consolidated Financial Statements (International Edition)

Consolidated Accounts continues to be a subject of increasing attention with continuing growth in corporate takeovers, mergers and acquisitions. As corporate restructuring, backdoor listings, reverse takeovers and mergers become more common, so the need for preparation of a consolidated financial statement, which combines the assets, liabilities, revenue and expenses of the parent company as well as those of its subsidiaries, associates and joint ventures.

The importance of well-presented consolidated financial statements cannot be over-emphasized. They are valuable documents that enable interested parties to gauge the overall health, performance and prospects of a group of companies under the control of the parent.

Consolidated Financial Statements (International Edition) is designed to provide a comprehensive guide to current developments in consolidated financial statements. It aims to keep readers up-to-date with financial reporting principles and standards on group accounts promulgated by the International Accounting Standards Board (IASB).

It addresses the application of the significant provisions of the IFRS related to consolidation and the implications for accounting practice in the context of business acquisitions, backdoor listings and reverse takeovers and mergers.

Features:

• Up-to-date with Latest Developments on Financial Consolidation: Complete coverage of the principles of consolidated financial statements, ranging from simple concepts of group accounts to the more advanced areas of complex group structures, dilution and accretion of interests, associates and mutual holdings, mergers, changes in group structures, foreign currency operations and consolidated statements of cash flows.
• Practical and Relevant: Written with the aim to help readers prepare consolidated financial statements that are accurate and meaningful to users of these statements, the book focuses on international accounting practice and guidance in the context of the current corporate environment of corporate restructuring, backdoor listings and reverse takeovers and mergers.
• Easy Reference: Information in each chapter is systematically arranged for easy understanding and learning and includes learning objectives, discussion notes and examples, practice questions and model answers.