Wildy logo
(020) 7242 5778

Wildy’s Book News

Book News cover photo

Vol 23 No 3 March/April 2018

Book of the Month

Cover of Scamell and Gasztowicz on Land Covenants

Scamell and Gasztowicz on Land Covenants

Price: £225.00

Offers for Newly Called Barristers & Students

Special Discounts for Newly Called & Students

Read More ...

Secondhand & Out of Print

Browse Secondhand Online


Consolidated Financial Statements 6th ed

ISBN13: 9789814248969
Published: January 2011
Publisher: CCH Asia Pte Ltd
Country of Publication: Singapore
Format: Paperback
Price: £57.00

Despatched in 10 to 12 days.

Consolidated financial statements are prepared to present the financial position and results of a parent and its subsidiaries to enable interested parties to gauge the overall health, performance and prospects of a group of companies under the control of the parent.

The parent must, therefore, publish a set of consolidated financial statements, which combines the assets, liabilities, revenue and expenses of the parent and all its subsidiaries as though the group is a single entity.

This sixth edition of Consolidated Financial Statements is updated to include, amongst others, an examination of the implications arising out of the revised FRS 3 Business Combinations, and the revised FRS 127 Consolidated and Separate Financial Statements.

In addition, it also provides accounting guidance on corporate changes structured in terms of business acquisitions and corporate restructuring. Also discussed are back-door listings, reverse takeovers and mergers of equals that require an acquirer to be identified regardless of the legal structure.

The other significant additions to the sixth edition include more detailed discussions on the "reverse acquisition accounting" and the application of the "functional currency" and the "presentation currency" concepts in the measurement and translation of foreign operations.

Chapter 1 : Basic Principles of Group Accounts
Chapter 2 : Further Principles of Group Accounts
Chapter 3 : Goodwill on Combination, Bargain Purchase Step-Acquisition
Chapter 4 : Complex Group Structures, Loss-Making Subsidiaries & Other Requirements of FRS 127
Chapter 5 : Investments in Associates and Joint Venture Entities
Chapter 6 : Unconsolidated Subsidiary, Subsidiary Held for Sale, Reduction in Stake &
Derecognition of Subsidiary, Associate or Joint Venture
Chapter 7 : FRS 3, Business Combinations, the Acquisition Method and Tax Effects
Chapter 8 : Reverse Acquisition Accounting & The Merger Method
Chapter 9 : Dilution, Accretion and Other Changes in Group Structures
Chapter 10 : The Effects of Changes in Foreign Exchange Rates
Chapter 11 : Current Developments & Other Contemporary Issues
Chapter 12 : Statements of Cash Flows.