PRESCRIBED TEXT FOR ACCT3011 + ACCT6010 AT THE UNIVERSITY OF SYDNEY, SEMESTER 2
2011For second and third year undergraduate Advanced Financial Accounting, Company Accounting and Consolidated Financial Reporting courses requiring comprehensive coverage of accounting combinations and related topics.
Accounting for Corporate Combinations and Associations, 6e is a substantial revision of this well-known and highly regarded text. The new author team has thoroughly rewritten the text, resulting in an updated and revitalised new edition. This latest version reflects the significant changes to the Australian Accounting Standards and Corporations Law that have occurred since the last publication.
This sixth edition continues to provide the clearest, most comprehensive and most practical coverage of the complex areas of consolidations and related accounting topics. The text includes fully updated coverage of the main principles and techniques used in the preparation of consolidated financial reports for a company at the head of a corporate group.
The first section of the text (chapters 1-8) explains the issues and techniques relevant to consolidation accounting. The second section (chapters 9-12) covers related accounting topics.
New To This Edition
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* NEW terminology throughout, reflecting changes in the AASB Standards
* NEW coverage of changes in Australian Accounting Standards and Corporations Law
* NEW internal design and layout makes the text more accessible for students
* Streamlining of explanations in each chapter with increased emphasis on conceptual flow and logical progression
* NEW Student Study Guide, available for sale with the text, includes additional practice questions and problems
Features and Benefits
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* 'Learning Objectives' at the start of each chapter
* End-of-Chapter Questions - questions involve practical activities such as finding relevant financial data from company websites
* End-of-Chapter Exercises have been carefully graded to increase in degree of difficulty
Table of Contents
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Visual Preface
Preface
Acknowledgements
About the Authors
1. Text objectives and introduction to consolidation
2. Principles of consolidation
3. Fair value adjustments and tax effects
4. Intra-group transactions
5. Partly-owned subsidiaries: direct minority interests
6. Partly-owned subsidiaries: indirect minority interests
7. Changes in group structure and ownership interests
8. Consolidated cash flow statements
9. Accounting for associates: the equity method
10. Translation and consolidation of foreign currency financial statements
11. Segment reporting by diversified groups
12. Accounting for joint ventures
Index
About the Authors
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Neal Arthur, BEc (USyd), MCom (Hons) (UNSW), PhD (USyd), CA, is a senior lecturer in the School of Accounting at the University of Sydney. Neal's current research areas are financial reporting and corporate governance. He has contributed articles to the Australian Journal of Management, Australian Accounting Review, Charter, Corporate Governance and the Journal of Corporate Finance. Neal has also been a co-author of previous editions of Accounting for Corporate Combinations and Associations. He has previously held visiting positions overseas, including the University of Michigan and the University of Texas. Prior to entering academia, Neal was employed at Deloitte.
Robert Grose, BBusAcc (RMIT), MEcon (UNE), Dip Ed (SCVH), PhD (RMIT), CPA, is a senior lecturer in the School of Accounting, Economics and Finance at Deakin University. His research interests include financial accounting, auditing and forensic accounting. Robert is a successful and long-standing author for Pearson Education. He has published articles in a number of academic and professional journals and has authored, examined and presented on various topics for both CPA Australia and the Institute of Chartered Accountants in Australia.
Joy Campbell, BCom (Hons), MFM (UQ), FCPA, now works part-time and is currently lecturing at the School of Business, University of Queensland. Prior to leaving full-time academic work, Joy worked as a lecturer in the School of Accounting at Queensland University of Technology. During her final 10 years at QUT, she taught company accounting and two advanced financial reporting courses that prepared candidates for the Professional Year examinations of the Institute of Chartered Accountants in Australia. Joy's major interest is in the interpretation and implementation of Australian accounting regulations that govern the format and content of external reports.
Louise Luff, BBus (UTS), CA, VITAL, is a casual lecturer in the School of Accounting at the University of Sydney and Master of Accounting Program at Macquarie University. Louise has had significant accounting and management experience in both professional and commercial organisations, including the role of an accounting technical manager for a large Australian financial institution. She has written materials for the Institute of Chartered Accountants in Australia CA and Quality Assurance programs. She has also written study materials for the Atax program at the University of New South Wales.
