Consolidation. Preparing and Understanding Consolidated Financial Statements under IFRS
1st Edition
0077160967
·
9780077160968
© 2013 | Published: September 16, 2013
In the contemporary globalized and complex economic environment, Consolidated Financial Statements have assumed a primary role for investors, lenders and other creditors to assess the underlying economic and financial situation of any business concer…
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Chapter 1 Introduction
Chapter 2 International Financial Reporting Standards (IFRS): an Overview
Chapter 3 The meaning of consolidation
Chapter 4 Consolidated Financial Statements
Chapter 5 Combining Individual Financial Statements: a Primer
Chapter 6 More on Consolidation Accounting
Chapter 7 Consolidating Associations and Joint-ventures
Chapter 8 Exercises on Consolidation Accounting
Appendix A International Financial Reporting Standards : a Briefing
Appendix B Current Situation for the Largest European Economies
Appendix C Eliminating Unrealised Gains and Losses when Applying the Equity Method in Practice. Alternative Approach
Chapter 2 International Financial Reporting Standards (IFRS): an Overview
Chapter 3 The meaning of consolidation
Chapter 4 Consolidated Financial Statements
Chapter 5 Combining Individual Financial Statements: a Primer
Chapter 6 More on Consolidation Accounting
Chapter 7 Consolidating Associations and Joint-ventures
Chapter 8 Exercises on Consolidation Accounting
Appendix A International Financial Reporting Standards : a Briefing
Appendix B Current Situation for the Largest European Economies
Appendix C Eliminating Unrealised Gains and Losses when Applying the Equity Method in Practice. Alternative Approach
Chapter 3 The meaning of consolidation
Chapter 4 Consolidated Financial Statements
Chapter 5 Combining Individual Financial Statements: a Primer
Chapter 6 More on Consolidation Accounting
Chapter 7 Consolidating Associations and Joint-ventures
Chapter 8 Exercises on Consolidation Accounting
Appendix A International Financial Reporting Standards : a Briefing
Appendix B Current Situation for the Largest European Economies
Appendix C Eliminating Unrealised Gains and Losses when Applying the Equity Method in Practice. Alternative Approach
Chapter 4 Consolidated Financial Statements
Chapter 5 Combining Individual Financial Statements: a Primer
Chapter 6 More on Consolidation Accounting
Chapter 7 Consolidating Associations and Joint-ventures
Chapter 8 Exercises on Consolidation Accounting
Appendix A International Financial Reporting Standards : a Briefing
Appendix B Current Situation for the Largest European Economies
Appendix C Eliminating Unrealised Gains and Losses when Applying the Equity Method in Practice. Alternative Approach
Chapter 5 Combining Individual Financial Statements: a Primer
Chapter 6 More on Consolidation Accounting
Chapter 7 Consolidating Associations and Joint-ventures
Chapter 8 Exercises on Consolidation Accounting
Appendix A International Financial Reporting Standards : a Briefing
Appendix B Current Situation for the Largest European Economies
Appendix C Eliminating Unrealised Gains and Losses when Applying the Equity Method in Practice. Alternative Approach
Chapter 6 More on Consolidation Accounting
Chapter 7 Consolidating Associations and Joint-ventures
Chapter 8 Exercises on Consolidation Accounting
Appendix A International Financial Reporting Standards : a Briefing
Appendix B Current Situation for the Largest European Economies
Appendix C Eliminating Unrealised Gains and Losses when Applying the Equity Method in Practice. Alternative Approach
Chapter 7 Consolidating Associations and Joint-ventures
Chapter 8 Exercises on Consolidation Accounting
Appendix A International Financial Reporting Standards : a Briefing
Appendix B Current Situation for the Largest European Economies
Appendix C Eliminating Unrealised Gains and Losses when Applying the Equity Method in Practice. Alternative Approach
Chapter 8 Exercises on Consolidation Accounting
Appendix A International Financial Reporting Standards : a Briefing
Appendix B Current Situation for the Largest European Economies
Appendix C Eliminating Unrealised Gains and Losses when Applying the Equity Method in Practice. Alternative Approach
Appendix A International Financial Reporting Standards : a Briefing
Appendix B Current Situation for the Largest European Economies
Appendix C Eliminating Unrealised Gains and Losses when Applying the Equity Method in Practice. Alternative Approach
Appendix B Current Situation for the Largest European Economies
Appendix C Eliminating Unrealised Gains and Losses when Applying the Equity Method in Practice. Alternative Approach
Appendix C Eliminating Unrealised Gains and Losses when Applying the Equity Method in Practice. Alternative Approach
In the contemporary globalized and complex economic environment, Consolidated Financial Statements have assumed a primary role for investors, lenders and other creditors to assess the underlying economic and financial situation of any business concern. Trying to capture and represent the increasing complexity of the contemporary business models, the preparation of Consolidated Financial Statements started to grow in complexity as well, to the point that in certain instances its abuse led to some of the most severe corporate scandals of the history of financial reporting, calling for further research in this area.This book aims at providing a guide through the complex mechanisms of consolidation by showing how to understand and prepare Consolidated Financial Statements under International Financial Reporting Standards (IFRS), the most widespread set of accounting principles nowadays. On a step by step approach, the book introduces students and professionals to the meaning of consolidated accounts and it guides them into the consolidation process after a brief overview of IFRS, their environment and relevance.The book has been written based on many years of teaching and research in the area coupled with professional experience and it has been updated according to the new requirements and relevant changes introduced by IFRS 10 and 11. Students and professionals are guided through the topic of consolidation with an easy and direct style which aims to explain them both the economic significance of consolidated accounts and their accounting representation. Written and designed to make consolidation more approachable and accurate yet rigorous at the same time, it also contains many illustrative examples well integrated into the text and several exercises, with solutions, for self-study practice.