Consolidated Financial Statements 10e Tan Liong Tong 9789672875024

Consolidated Financial Statements, 10th Edition has been written with the aim of keeping the materials up to date with the current developments in financial reporting standards promulgated by the International Accounting Standards Board (IASB), and to incorporate the changes in the new IFRSs that may affect consolidated financial statements, such as IFRS 9 Financial Instruments and IFRS 16 Leases. The MPERS Framework for private entities, which became effective on 1 January 2016, has various sections dealing with business combinations and consolidation. There are some major differences in accounting treatments for business combinations and consolidation between the MFRS Framework and the MPERS Framework, and these are highlighted with examples in this new edition.

Key Features

• Each chapter begins with learning objectives to highlight the key topics covered
• Discussion notes and illustrations explain the related concepts and principles
• Selected practice questions and model questions and answers are provided at the end of each chapter where, for each practice question, full consolidation journal entries are explained.

1.Basic Principles of Group Accounts

2.Further Principles of Group Accounts

3.Goodwill,Bargain Purchase, Step Acquisition & Increase in Stake

4.Complex Group Structures, Loss Making Subsidiaries & Other Requirements of MFRS 10

5.Investment in Associates and Joint Arrangements

6.Unconsolidated Subsidiary, Subsidiary Held for Sales, Reduction in Stake & Derecognition of Subsidiary

7.MFRS 3 Business Combinations, the Acquisition Method and Tax Effects

8.Reverse Acquisitions, the Merger Method & Business Combinations Under Common Control

9.Dilution,Acrretion and other Changes in Group Structures

10. The Effects of Changes in Foreign Exchange Rates

11.Disclosure of Interests in other Entities , Contemporary Issues & Reciprocal Shareholdings

12. Statement of Cash Flows  

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