Home >
Law >
Mergers & Acquisitions >
Consolidated Financial Statements (International Edition)

Consolidated Financial Statements (International Edition)

Author: Tan Liong Tong
Publisher: CCH Singapore
ISBN: 9789814359887
Published In: May 2013
Format: Paperback , 992 pages
Jurisdiction: International ? Disclaimer:
Countri(es) stated herein are used as reference only

Out of stock

Description
Contents
Author

Details

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.

Basic Principles of Group Accounts
Further Principles of Group Accounts
Goodwill on Combination, Bargain Purchase and Step-Acquisition
Complex Group Structures
Investments in Associates and Joint Arrangements
Unconsolidated Subsidiary, Subsidiary held for Sale, Reduction in Stake & Derecognition of Subsidiary, Associate or Joint Venture
IFRS, Business Combinations, the Acquisition Method and Tax Effects
Reverse Acquisition Accounting & the Merger Method
Dilution, Accretion and Other Changes in Group Structures
The Effects of Changes in Foreign Exchange Rates
Disclosures of Interests in Other Entities & Contemporary Issues of Consolidation
Statement of Cash Flows

Liong Tong Tan, Technical Consultant, Mazars

Whilst having ready access to the worldwide technical expertise of Mazars, our professional team is also locally supported by our technical consultant, Tan Liong Tong, who is well respected in Malaysia as an IFRS expert and a trainer/researcher and author in the field of accounting standards.

Liong Tong holds a Diploma in Agriculture, Bachelor of Science in Agribusiness and a Master of Business Administration. He is a member of the Malaysian Institute of Accountants, the Malaysian Institute of Certified Public Accountants and an Associate Fellow of the Institute of Bankers Malaysia.

With over twenty years of lecturing and research experience behind him, Liong Tong is actively involved in the research and development of Malaysian Accounting Standards. He is a regular speaker and course leader at public seminars and workshops on accounting and finance, and conducts training for Bursatra Sdn Bhd (formerly known as Bursa Malaysia Training Sdn Bhd). To date Liong Tong has conducted over 300 seminars and workshops on MASB Standards to not less than 8,000 participants.

He has published widely in journals and is also an author of many accounting books.Liong Tong plays a significant role in our staff training programme, particularly in the area of IFRS training.