{"product_id":"company-accounting-print-and-interactive-e-text","title":"Company Accounting, Print and Interactive E-Text","description":"\u003cdiv style=\"margin: 0px; padding: 0px; user-select: text; -webkit-user-drag: none; -webkit-tap-highlight-color: transparent; overflow: visible; cursor: text; clear: both; position: relative; direction: ltr; font-family: 'Segoe UI', 'Segoe UI Web', Arial, Verdana, sans-serif; font-size: 12px;\"\u003e \u003cp\u003ePreface xiii\u003c\/p\u003e \u003cp\u003eAbout the authors xiv\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 \u003c\/b\u003e\u003cb\u003eNature and regulation of companies 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 1\u003c\/p\u003e \u003cp\u003e1.1 The nature of a company 2\u003c\/p\u003e \u003cp\u003e1.2 Different types of companies 3\u003c\/p\u003e \u003cp\u003e1.3 Forming a company 6\u003c\/p\u003e \u003cp\u003e1.4 Administering a company 8\u003c\/p\u003e \u003cp\u003e1.5 Funding a company 9\u003c\/p\u003e \u003cp\u003e1.6 Background to the \u003ci\u003eCorporations Act 2001 \u003c\/i\u003e12\u003c\/p\u003e \u003cp\u003e1.7 Accounting regulation of companies 13\u003c\/p\u003e \u003cp\u003e1.8 Other important regulatory organisations 24\u003c\/p\u003e \u003cp\u003e1.9 General purpose financial reports and the reporting entity concept 26\u003c\/p\u003e \u003cp\u003eSummary 31\u003c\/p\u003e \u003cp\u003eKey terms 31\u003c\/p\u003e \u003cp\u003eReview questions 32\u003c\/p\u003e \u003cp\u003eCase study 1 32\u003c\/p\u003e \u003cp\u003eCase study 2 32\u003c\/p\u003e \u003cp\u003eCase study 3 32\u003c\/p\u003e \u003cp\u003eCase study 4 32\u003c\/p\u003e \u003cp\u003eCase study 5 33\u003c\/p\u003e \u003cp\u003eCase study 6 33\u003c\/p\u003e \u003cp\u003eCase study 7 33\u003c\/p\u003e \u003cp\u003eWebsites 33\u003c\/p\u003e \u003cp\u003eReferences 33\u003c\/p\u003e \u003cp\u003eAcknowledgements 34\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 \u003c\/b\u003e\u003cb\u003eDisclosure: legal requirements and accounting policies 35\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 36\u003c\/p\u003e \u003cp\u003e2.1 General purpose financial statements 36\u003c\/p\u003e \u003cp\u003e2.2 Annual reporting requirements 37\u003c\/p\u003e \u003cp\u003e2.3 Half-year financial report 44\u003c\/p\u003e \u003cp\u003e2.4 Accounting policies 45\u003c\/p\u003e \u003cp\u003e2.5 Changes in accounting estimates 52\u003c\/p\u003e \u003cp\u003e2.6 Errors 54\u003c\/p\u003e \u003cp\u003e2.7 Impracticability in respect of retrospective adjustments for accounting policy changes or correction of errors 58\u003c\/p\u003e \u003cp\u003e2.8 Materiality 58\u003c\/p\u003e \u003cp\u003e2.9 Events occurring after the end of the reporting period 60\u003c\/p\u003e \u003cp\u003eSummary 62\u003c\/p\u003e \u003cp\u003eKey terms 62\u003c\/p\u003e \u003cp\u003eDemonstration problem 1 63\u003c\/p\u003e \u003cp\u003eDemonstration problem 2 63\u003c\/p\u003e \u003cp\u003eReview questions 64\u003c\/p\u003e \u003cp\u003eCase study 1 65\u003c\/p\u003e \u003cp\u003eCase study 2 65\u003c\/p\u003e \u003cp\u003eCase study 3 65\u003c\/p\u003e \u003cp\u003eCase study 4 65\u003c\/p\u003e \u003cp\u003ePractice questions 65\u003c\/p\u003e \u003cp\u003eReferences 68\u003c\/p\u003e \u003cp\u003eAcknowledgements 68\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 \u003c\/b\u003e\u003cb\u003eDisclosure: presentation of financial statements 69\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 69\u003c\/p\u003e \u003cp\u003e3.1 A complete set of financial statements 70\u003c\/p\u003e \u003cp\u003e3.2 General features of a complete set of financial statements 71\u003c\/p\u003e \u003cp\u003e3.3 Statement of financial position 75\u003c\/p\u003e \u003cp\u003e3.4 Statement of profit or loss and other comprehensive income 85\u003c\/p\u003e \u003cp\u003e3.5 Statement of changes in equity 96\u003c\/p\u003e \u003cp\u003e3.6 Notes 99\u003c\/p\u003e \u003cp\u003e3.7 Future developments 103\u003c\/p\u003e \u003cp\u003eSummary 108\u003c\/p\u003e \u003cp\u003eKey terms 108\u003c\/p\u003e \u003cp\u003eDemonstration problem 1 109\u003c\/p\u003e \u003cp\u003eDemonstration problem 2 113\u003c\/p\u003e \u003cp\u003eReview questions 116\u003c\/p\u003e \u003cp\u003eCase study 1 116\u003c\/p\u003e \u003cp\u003eCase study 2 117\u003c\/p\u003e \u003cp\u003eCase study 3 117\u003c\/p\u003e \u003cp\u003eCase study 4 117\u003c\/p\u003e \u003cp\u003eCase study 5 117\u003c\/p\u003e \u003cp\u003ePractice questions 117\u003c\/p\u003e \u003cp\u003eWebsites 127\u003c\/p\u003e \u003cp\u003eReferences 127\u003c\/p\u003e \u003cp\u003eAcknowledgements 127\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 \u003c\/b\u003e\u003cb\u003eAccounting for company income tax 128\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 128\u003c\/p\u003e \u003cp\u003e4.1 The benefit of information on current and deferred tax 129\u003c\/p\u003e \u003cp\u003e4.2 Income tax in the financial statements 130\u003c\/p\u003e \u003cp\u003e4.3 General principles of accounting for income tax 132\u003c\/p\u003e \u003cp\u003e4.4 Taxable profit 134\u003c\/p\u003e \u003cp\u003e4.5 Current tax 137\u003c\/p\u003e \u003cp\u003e4.6 Deferred tax 141\u003c\/p\u003e \u003cp\u003e4.7 Tax bases of assets and liabilities 144\u003c\/p\u003e \u003cp\u003eTax base of an asset 144\u003c\/p\u003e \u003cp\u003eTax base of a liability 146\u003c\/p\u003e \u003cp\u003e4.8 Temporary differences 147\u003c\/p\u003e \u003cp\u003eExcluded temporary differences 149\u003c\/p\u003e \u003cp\u003e4.9 Recognition and reversal of deferred tax 150\u003c\/p\u003e \u003cp\u003eDeferred tax liabilities 150\u003c\/p\u003e \u003cp\u003eDeferred tax assets 151\u003c\/p\u003e \u003cp\u003eSummary 159\u003c\/p\u003e \u003cp\u003eKey terms 159\u003c\/p\u003e \u003cp\u003eDemonstration problem 1 159\u003c\/p\u003e \u003cp\u003eDemonstration problem 2 163\u003c\/p\u003e \u003cp\u003eReview questions 166\u003c\/p\u003e \u003cp\u003eCase study 1 167\u003c\/p\u003e \u003cp\u003eCase study 2 167\u003c\/p\u003e \u003cp\u003eCase study 3 167\u003c\/p\u003e \u003cp\u003eCase study 4 167\u003c\/p\u003e \u003cp\u003eCase study 5 167\u003c\/p\u003e \u003cp\u003eCase study 6 168\u003c\/p\u003e \u003cp\u003ePractice questions 168\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 \u003c\/b\u003e\u003cb\u003eProperty, plant and equipment 178\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 178\u003c\/p\u003e \u003cp\u003e5.1 The nature of property, plant and equipment 179\u003c\/p\u003e \u003cp\u003e5.2 Initial recognition of property, plant and equipment 180\u003c\/p\u003e \u003cp\u003e5.3 Initial measurement of property, plant and equipment 182\u003c\/p\u003e \u003cp\u003e5.4 Measurement subsequent to initial recognition 187\u003c\/p\u003e \u003cp\u003e5.5 The cost model 188\u003c\/p\u003e \u003cp\u003e5.6 The revaluation model 195\u003c\/p\u003e \u003cp\u003e5.7 Choosing between the cost model and the revaluation model 206\u003c\/p\u003e \u003cp\u003e5.8 Derecognition 208\u003c\/p\u003e \u003cp\u003e5.9 Disclosure 209\u003c\/p\u003e \u003cp\u003eSummary 212\u003c\/p\u003e \u003cp\u003eKey terms 212\u003c\/p\u003e \u003cp\u003eDemonstration problem 1 212\u003c\/p\u003e \u003cp\u003eDemonstration problem 2 215\u003c\/p\u003e \u003cp\u003eReview questions 218\u003c\/p\u003e \u003cp\u003eCase study 1 219\u003c\/p\u003e \u003cp\u003eCase study 2 219\u003c\/p\u003e \u003cp\u003eCase study 3 219\u003c\/p\u003e \u003cp\u003eCase study 4 219\u003c\/p\u003e \u003cp\u003eCase study 5 219\u003c\/p\u003e \u003cp\u003eCase study 6 219\u003c\/p\u003e \u003cp\u003eCase study 7 220\u003c\/p\u003e \u003cp\u003eCase study 8 220\u003c\/p\u003e \u003cp\u003eCase study 9 220\u003c\/p\u003e \u003cp\u003ePractice questions 220\u003c\/p\u003e \u003cp\u003eReferences 227\u003c\/p\u003e \u003cp\u003eAcknowledgements 227\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 \u003c\/b\u003e\u003cb\u003eForeign currency transactions and forward exchange contracts 228\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 229\u003c\/p\u003e \u003cp\u003e6.1 The need for translation of foreign currency amounts 230\u003c\/p\u003e \u003cp\u003e6.2 The means of translation: exchange rates 232\u003c\/p\u003e \u003cp\u003e6.3 Foreign exchange differences 233\u003c\/p\u003e \u003cp\u003e6.4 Accounting for foreign currency monetary items 235\u003c\/p\u003e \u003cp\u003e6.5 Exchange differences for non-monetary items 243\u003c\/p\u003e \u003cp\u003e6.6 Foreign exchange risk 247\u003c\/p\u003e \u003cp\u003e6.7 Forward exchange contracts without hedging 248\u003c\/p\u003e \u003cp\u003e6.8 Forward exchange contracts with hedging 252\u003c\/p\u003e \u003cp\u003e6.9 Disclosures 259\u003c\/p\u003e \u003cp\u003eSummary 261\u003c\/p\u003e \u003cp\u003eKey terms 261\u003c\/p\u003e \u003cp\u003eDemonstration problem 1 262\u003c\/p\u003e \u003cp\u003eDemonstration problem 2 263\u003c\/p\u003e \u003cp\u003eReview questions 264\u003c\/p\u003e \u003cp\u003ePractice questions 264\u003c\/p\u003e \u003cp\u003eAcknowledgement 269\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 \u003c\/b\u003e\u003cb\u003eBusiness combinations 270\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 270\u003c\/p\u003e \u003cp\u003e7.1 The nature of a business combination 271\u003c\/p\u003e \u003cp\u003e7.2 Accounting for a business combination — basic principles 273\u003c\/p\u003e \u003cp\u003e7.3 Accounting in the records of the acquirer 276\u003c\/p\u003e \u003cp\u003e7.4 Recognising and measuring assets and liabilities 277\u003c\/p\u003e \u003cp\u003e7.5 Accounting in the records of the acquirer 282\u003c\/p\u003e \u003cp\u003e7.6 Accounting by the acquirer: shares acquiredin an acquiree 292\u003c\/p\u003e \u003cp\u003e7.7 Accounting in the records of the acquiree 293\u003c\/p\u003e \u003cp\u003e7.8 Subsequent adjustments to the initial accounting for a business combination 296\u003c\/p\u003e \u003cp\u003e7.9 Disclosure — business combinations 299\u003c\/p\u003e \u003cp\u003eSummary 304\u003c\/p\u003e \u003cp\u003eKey terms 304\u003c\/p\u003e \u003cp\u003eDemonstration problem 1 304\u003c\/p\u003e \u003cp\u003eDemonstration problem 2 306\u003c\/p\u003e \u003cp\u003eReview questions 309\u003c\/p\u003e \u003cp\u003eCase study 1 309\u003c\/p\u003e \u003cp\u003eCase study 2 310\u003c\/p\u003e \u003cp\u003eCase study 3 310\u003c\/p\u003e \u003cp\u003eCase study 4 310\u003c\/p\u003e \u003cp\u003eCase study 5 310\u003c\/p\u003e \u003cp\u003ePractice questions 311\u003c\/p\u003e \u003cp\u003eReferences 320\u003c\/p\u003e \u003cp\u003eAcknowledgements 320\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 \u003c\/b\u003e\u003cb\u003eImpairments of assets 321\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e8.1 Introduction to AASB 136\/IAS 36 321\u003c\/p\u003e \u003cp\u003e8.2 When to undertake an impairment test 323\u003c\/p\u003e \u003cp\u003e8.3 Impairment test for an individual asset 325\u003c\/p\u003e \u003cp\u003e8.4 Cash-generating units — excluding goodwill 333\u003c\/p\u003e \u003cp\u003e8.5 Cash-generating units and goodwill 339\u003c\/p\u003e \u003cp\u003e8.6 Reversal of an impairment loss 344\u003c\/p\u003e \u003cp\u003e8.7 Disclosure 348\u003c\/p\u003e \u003cp\u003eSummary 352\u003c\/p\u003e \u003cp\u003eKey terms 352\u003c\/p\u003e \u003cp\u003eDemonstration problem1 352\u003c\/p\u003e \u003cp\u003eDemonstration problem 2 354\u003c\/p\u003e \u003cp\u003eReview questions 356\u003c\/p\u003e \u003cp\u003eCase study 1 356\u003c\/p\u003e \u003cp\u003eCase study 2 356\u003c\/p\u003e \u003cp\u003eCase study 3 356\u003c\/p\u003e \u003cp\u003eCase study 4 357\u003c\/p\u003e \u003cp\u003eCase study 5 357\u003c\/p\u003e \u003cp\u003eCase study 6 357\u003c\/p\u003e \u003cp\u003eCase study 7 358\u003c\/p\u003e \u003cp\u003eCase study 8 358\u003c\/p\u003e \u003cp\u003eCase study 9 358\u003c\/p\u003e \u003cp\u003eCase study 10 358\u003c\/p\u003e \u003cp\u003eCase study 11 359\u003c\/p\u003e \u003cp\u003eCase study 12 359\u003c\/p\u003e \u003cp\u003eCase study 13 359\u003c\/p\u003e \u003cp\u003ePractice questions 359\u003c\/p\u003e \u003cp\u003eReferences 366\u003c\/p\u003e \u003cp\u003eAcknowledgements 366\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 \u003c\/b\u003e\u003cb\u003eConsolidation: controlled entities 367\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 367\u003c\/p\u003e \u003cp\u003e9.1 Consolidated financial statements 368\u003c\/p\u003e \u003cp\u003e9.2 Control as the criterion for consolidation 370\u003c\/p\u003e \u003cp\u003e9.3 Preparation of consolidated financial statements 376\u003c\/p\u003e \u003cp\u003e9.4 Investment entities 378\u003c\/p\u003e \u003cp\u003e9.5 Business combinations and consolidation 379\u003c\/p\u003e \u003cp\u003e9.6 Disclosure 381\u003c\/p\u003e \u003cp\u003eIFRS 12 381\u003c\/p\u003e \u003cp\u003eSummary 384\u003c\/p\u003e \u003cp\u003eKey terms 384\u003c\/p\u003e \u003cp\u003eReview questions 384\u003c\/p\u003e \u003cp\u003eCase study 1 385\u003c\/p\u003e \u003cp\u003eCase study 2 385\u003c\/p\u003e \u003cp\u003eCase study 3 385\u003c\/p\u003e \u003cp\u003eCase study 4 385\u003c\/p\u003e \u003cp\u003eCase study 5 386\u003c\/p\u003e \u003cp\u003eCase study 6 386\u003c\/p\u003e \u003cp\u003eCase study 7 386\u003c\/p\u003e \u003cp\u003eCase study 8 386\u003c\/p\u003e \u003cp\u003eCase study 9 386\u003c\/p\u003e \u003cp\u003eCase study 10 387\u003c\/p\u003e \u003cp\u003eCase study 11 387\u003c\/p\u003e \u003cp\u003eCase study 12 387\u003c\/p\u003e \u003cp\u003eCase study 13 388\u003c\/p\u003e \u003cp\u003eCase study 14 388\u003c\/p\u003e \u003cp\u003eCase study 15 388\u003c\/p\u003e \u003cp\u003eCase study 16 388\u003c\/p\u003e \u003cp\u003eAcknowledgements 388\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10 \u003c\/b\u003e\u003cb\u003eConsolidation: wholly owned subsidiaries 389\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 389\u003c\/p\u003e \u003cp\u003e10.1 The consolidation process 390\u003c\/p\u003e \u003cp\u003e10.2 Consolidation worksheets 391\u003c\/p\u003e \u003cp\u003e10.3 The acquisition analysis 392\u003c\/p\u003e \u003cp\u003e10.4 Worksheet entries at the acquisition date 396\u003c\/p\u003e \u003cp\u003e10.5 Worksheet entries subsequent to the acquisition date 401\u003c\/p\u003e \u003cp\u003e10.6 Revaluations in the records of the subsidiary at acquisition date 412\u003c\/p\u003e \u003cp\u003e10.7 Disclosure 413\u003c\/p\u003e \u003cp\u003e10.8 Reverse acquisitions 415\u003c\/p\u003e \u003cp\u003eSummary 418\u003c\/p\u003e \u003cp\u003eKey terms 418\u003c\/p\u003e \u003cp\u003eDemonstration problem 1 418\u003c\/p\u003e \u003cp\u003eDemonstration problem 2 422\u003c\/p\u003e \u003cp\u003eReview questions 426\u003c\/p\u003e \u003cp\u003eCase study 1 427\u003c\/p\u003e \u003cp\u003eCase study 2 427\u003c\/p\u003e \u003cp\u003eCase study 3 427\u003c\/p\u003e \u003cp\u003eCase study 4 427\u003c\/p\u003e \u003cp\u003eCase study 5 428\u003c\/p\u003e \u003cp\u003ePractice questions 428\u003c\/p\u003e \u003cp\u003eAcknowledgement 434\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11 \u003c\/b\u003e\u003cb\u003eConsolidation: intragroup transactions 435\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 436\u003c\/p\u003e \u003cp\u003e11.1 Rationale for adjusting for intragroup transactions 436\u003c\/p\u003e \u003cp\u003e11.2 Transfers of inventories 438\u003c\/p\u003e \u003cp\u003e11.3 Transfers of property, plant and equipment 446\u003c\/p\u003e \u003cp\u003e11.4 Transfers between inventories and non-current assets 453\u003c\/p\u003e \u003cp\u003e11.5 Intragroup services 456\u003c\/p\u003e \u003cp\u003e11.6 Intragroup dividends 458\u003c\/p\u003e \u003cp\u003e11.7 Intragroup borrowings 461\u003c\/p\u003e \u003cp\u003eSummary 465\u003c\/p\u003e \u003cp\u003eKey terms 465\u003c\/p\u003e \u003cp\u003eDemonstration problem 1 465\u003c\/p\u003e \u003cp\u003eDemonstration problem 2 471\u003c\/p\u003e \u003cp\u003eReview questions 475\u003c\/p\u003e \u003cp\u003eCase study 1 475\u003c\/p\u003e \u003cp\u003eCase study 2 476\u003c\/p\u003e \u003cp\u003eCase study 3 476\u003c\/p\u003e \u003cp\u003eCase study 4 476\u003c\/p\u003e \u003cp\u003ePractice questions 476\u003c\/p\u003e \u003cp\u003eAcknowledgements 487\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12 \u003c\/b\u003e\u003cb\u003eConsolidation: non-controlling interest 488\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 488\u003c\/p\u003e \u003cp\u003e12.1 Nature of the non-controlling interest (NCI) 489\u003c\/p\u003e \u003cp\u003e12.2 Effects of NCI on the consolidation process 492\u003c\/p\u003e \u003cp\u003e12.3 Calculating the NCI share of equity 500\u003c\/p\u003e \u003cp\u003e12.4 Effects of intragroup transactions on NCI 510\u003c\/p\u003e \u003cp\u003e12.5 Gain on bargain purchase 514\u003c\/p\u003e \u003cp\u003eSummary 516\u003c\/p\u003e \u003cp\u003eKey terms 516\u003c\/p\u003e \u003cp\u003eDemonstration problem 1 516\u003c\/p\u003e \u003cp\u003eReview questions 526\u003c\/p\u003e \u003cp\u003eCase study 1 527\u003c\/p\u003e \u003cp\u003eCase study 2 527\u003c\/p\u003e \u003cp\u003eCase study 3 527\u003c\/p\u003e \u003cp\u003eCase study 4 527\u003c\/p\u003e \u003cp\u003ePractice questions 528\u003c\/p\u003e \u003cp\u003eAcknowledgements 537\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 13 \u003c\/b\u003e\u003cb\u003eConsolidation: indirect ownership interests 538\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 538\u003c\/p\u003e \u003cp\u003e13.1 Wholly owned groups with multiple subsidiaries 539\u003c\/p\u003e \u003cp\u003e13.2 Direct and indirect non-controlling interest 542\u003c\/p\u003e \u003cp\u003e13.3 Calculating the NCI share of equity where the group has DNCI and INCI 543\u003c\/p\u003e \u003cp\u003e13.4 The effects of goodwill on the calculation of NCI 548\u003c\/p\u003e \u003cp\u003e13.5 The effects of the business combination valuation entries on the calculation of NCI 550\u003c\/p\u003e \u003cp\u003e13.6 The effects of intragroup transactions on the calculation of NCI 554\u003c\/p\u003e \u003cp\u003e13.7 The effects of dividends on the calculation of NCI 556\u003c\/p\u003e \u003cp\u003eSummary 559\u003c\/p\u003e \u003cp\u003eKey terms 559\u003c\/p\u003e \u003cp\u003eDemonstration problem 1 559\u003c\/p\u003e \u003cp\u003eDemonstration problem 2 571\u003c\/p\u003e \u003cp\u003eReview questions 576\u003c\/p\u003e \u003cp\u003eCase study 1 576\u003c\/p\u003e \u003cp\u003eCase study 2 576\u003c\/p\u003e \u003cp\u003eCase study 3 577\u003c\/p\u003e \u003cp\u003ePractice questions 577\u003c\/p\u003e \u003cp\u003eAcknowledgement 587\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 14 \u003c\/b\u003e\u003cb\u003eConsolidation: the statement of cash flows 588\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 588\u003c\/p\u003e \u003cp\u003e14.1 Format of the statement of cash flows 590\u003c\/p\u003e \u003cp\u003e14.2 Cash and cash equivalents 592\u003c\/p\u003e \u003cp\u003e14.3 Classification of cash flows 593\u003c\/p\u003e \u003cp\u003e14.4 The reconstruction of accounts approach 596\u003c\/p\u003e \u003cp\u003e14.5 Reconciliation of profit for the year to net cash from operating activities (indirect method of presentation) 605\u003c\/p\u003e \u003cp\u003e14.6 Consolidated statement of cash flows following acquisition of a subsidiary 607\u003c\/p\u003e \u003cp\u003e14.7 Consolidated statement of cash flows following disposal of a subsidiary 613\u003c\/p\u003e \u003cp\u003e14.8 Note disclosures 619\u003c\/p\u003e \u003cp\u003e14.9 Additional issues 620\u003c\/p\u003e \u003cp\u003eSummary 625\u003c\/p\u003e \u003cp\u003eKey terms 625\u003c\/p\u003e \u003cp\u003eDemonstration problem 1 625\u003c\/p\u003e \u003cp\u003eReview questions 631\u003c\/p\u003e \u003cp\u003eCase study 1 632\u003c\/p\u003e \u003cp\u003eCase study 2 632\u003c\/p\u003e \u003cp\u003eCase study 3 632\u003c\/p\u003e \u003cp\u003eCase study 4 633\u003c\/p\u003e \u003cp\u003ePractice questions 633\u003c\/p\u003e \u003cp\u003eReferences 651\u003c\/p\u003e \u003cp\u003eAcknowledgements 651\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 15 \u003c\/b\u003e\u003cb\u003eConsolidation: translation of financial statements into functional and presentation currency 652\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 652\u003c\/p\u003e \u003cp\u003e15.1 Why translating financial statements is necessary 653\u003c\/p\u003e \u003cp\u003e15.2 Functional and presentation currencies 656\u003c\/p\u003e \u003cp\u003e15.3 From functional currency to translation process to translation method 661\u003c\/p\u003e \u003cp\u003e15.4 Translation into the functional currency — the temporal method 662\u003c\/p\u003e \u003cp\u003e15.5 Translation from the functional currency into the presentation currency — the current rate method 669\u003c\/p\u003e \u003cp\u003e15.6 Translation of cash flows 674\u003c\/p\u003e \u003cp\u003e15.7 Consolidation of translated financial statements 676\u003c\/p\u003e \u003cp\u003e15.8 Disclosure 677\u003c\/p\u003e \u003cp\u003eSummary 679\u003c\/p\u003e \u003cp\u003eKey terms 679\u003c\/p\u003e \u003cp\u003eDemonstration problem 1 679\u003c\/p\u003e \u003cp\u003eReview questions 683\u003c\/p\u003e \u003cp\u003eCase study 1 683\u003c\/p\u003e \u003cp\u003eCase study 2 683\u003c\/p\u003e \u003cp\u003eCase study 3 684\u003c\/p\u003e \u003cp\u003eCase study 4 684\u003c\/p\u003e \u003cp\u003eCase study 5 684\u003c\/p\u003e \u003cp\u003ePractice questions 685\u003c\/p\u003e \u003cp\u003eReferences 695\u003c\/p\u003e \u003cp\u003eAcknowledgements 695\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 16 \u003c\/b\u003e\u003cb\u003eJoint arrangements: accounting for joint operations 696\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 696\u003c\/p\u003e \u003cp\u003e16.1 The characteristics of joint arrangements 698\u003c\/p\u003e \u003cp\u003e16.2 The classification of a joint arrangement 700\u003c\/p\u003e \u003cp\u003e16.3 Accounting for joint arrangements 705\u003c\/p\u003e \u003cp\u003e16.4 Accounting by the joint operation itself 707\u003c\/p\u003e \u003cp\u003e16.5 Accounting by a joint operator 709\u003c\/p\u003e \u003cp\u003e16.6 Disclosure 720\u003c\/p\u003e \u003cp\u003eSummary 722\u003c\/p\u003e \u003cp\u003eKey terms 722\u003c\/p\u003e \u003cp\u003eDemonstration problem 1 722\u003c\/p\u003e \u003cp\u003eReview questions 725\u003c\/p\u003e \u003cp\u003eCase study 1 725\u003c\/p\u003e \u003cp\u003eCase study 2 725\u003c\/p\u003e \u003cp\u003eCase study 3 726\u003c\/p\u003e \u003cp\u003eCase study 4 726\u003c\/p\u003e \u003cp\u003ePractice questions 726\u003c\/p\u003e \u003cp\u003eReferences 734\u003c\/p\u003e \u003cp\u003eAcknowledgements 734\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 17 \u003c\/b\u003e\u003cb\u003eAccounting for associates and joint ventures 735\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 735\u003c\/p\u003e \u003cp\u003e17.1 Identifying associates and joint ventures 737\u003c\/p\u003e \u003cp\u003e17.2 The equity method of accounting: rationale and application 741\u003c\/p\u003e \u003cp\u003e17.3 Applying the equity method: basic principles 743\u003c\/p\u003e \u003cp\u003e17.4 Applying the equity method: goodwill and fair value adjustments 748\u003c\/p\u003e \u003cp\u003e17.5 Applying the equity method: inter-entity transactions 755\u003c\/p\u003e \u003cp\u003e17.6 Share of losses of the associate 763\u003c\/p\u003e \u003cp\u003e17.7 Applying the equity method: other issues 765\u003c\/p\u003e \u003cp\u003e17.8 Disclosure 769\u003c\/p\u003e \u003cp\u003eInformation in the financial statements 771\u003c\/p\u003e \u003cp\u003eInformation in the financial statements 771\u003c\/p\u003e \u003cp\u003eSummary 774\u003c\/p\u003e \u003cp\u003eKey terms 774\u003c\/p\u003e \u003cp\u003eDemonstration problem 1 774\u003c\/p\u003e \u003cp\u003eReview questions 780\u003c\/p\u003e \u003cp\u003eCase study 1 780\u003c\/p\u003e \u003cp\u003eCase study 2 781\u003c\/p\u003e \u003cp\u003eCase study 3 781\u003c\/p\u003e \u003cp\u003eCase study 4 781\u003c\/p\u003e \u003cp\u003ePractice questions 781\u003c\/p\u003e \u003cp\u003eReferences 791\u003c\/p\u003e \u003cp\u003eAcknowledgements 791\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 18 \u003c\/b\u003e\u003cb\u003eInsolvency and liquidation 792\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 792\u003c\/p\u003e \u003cp\u003e18.1 Insolvency and administration 793\u003c\/p\u003e \u003cp\u003e18.2 Winding up in insolvency and by the court 796\u003c\/p\u003e \u003cp\u003e18.3 Voluntary winding up 798\u003c\/p\u003e \u003cp\u003e18.4 Powers of the liquidator 804\u003c\/p\u003e \u003cp\u003e18.5 Proof of debts 805\u003c\/p\u003e \u003cp\u003e18.6 Priority of payment of debts 805\u003c\/p\u003e \u003cp\u003e18.7 Rights of contributories (members or shareholders) 808\u003c\/p\u003e \u003cp\u003e18.8 Accounting for liquidation 812\u003c\/p\u003e \u003cp\u003e18.9 Receivership 817\u003c\/p\u003e \u003cp\u003eSummary 820\u003c\/p\u003e \u003cp\u003eKey terms 820\u003c\/p\u003e \u003cp\u003eDemonstration problem 1 821\u003c\/p\u003e \u003cp\u003eDemonstration problem 2 823\u003c\/p\u003e \u003cp\u003eDemonstration problem 3 826\u003c\/p\u003e \u003cp\u003eReview questions 828\u003c\/p\u003e \u003cp\u003eCase study 1 829\u003c\/p\u003e \u003cp\u003eCase study 2 829\u003c\/p\u003e \u003cp\u003ePractice questions 829\u003c\/p\u003e \u003cp\u003eAcknowledgements 841\u003c\/p\u003e \u003cp\u003eIndex 842\u003c\/p\u003e \u003c\/div\u003e","brand":"Leah Meng","offers":[{"title":"Default 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