Accounting for Corporate Combinations and Associations, 8th edition

Accounting for Corporate Combinations and Associations, is the latest update of this well-known and highly regarded text which provides clear, comprehensive and practical coverage of the process and issues relevant to consolidation accounting.
This edition is a thorough update which reflects the significant changes to the Australian Accounting Standards, IFRS and Corporations Law that have occurred since the last publication.

While working with this text, students learn to explain, execute and evaluate the accounting methods used in consolidations. They will be well equipped to prepare accounts for larger entities, groups and joint ventures.
Accounting for Corporate Combinations and Associations is written for second and third year undergraduate Advanced Financial Accounting, Company Accounting and Consolidated Financial Reporting courses. It is also suitable for students undertaking professional accounting qualifying examinations (in particular the CPA Australia or CA programs).

Samples

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Features

• As with previous editions, the flexible structure and approach to the topics helps instructors to tailor their course according to their learning objectives. 
• Practical end of chapter exercises help students develop accounting and analysis skills and enhance their employability. Some of these questions may be performed in Excel help students to gain a clear understanding of how formulas are used to calculate the answers and how changes in one variable affect each other.
• AASB Standards referenced within the chapter are listed at start of each chapter.
• Details of the changing scope of differences and similarities between certain Australian Accounting Standards and IFRS as well as the relationship between US GAAP and IFRS.
• Journals and worksheets visuals are integrated throughout the text.
• A wide variety of End-of-Chapter questions which encourage critical thinking and analysis.

New to this edition

The text has been updated to incorporate the significant changes in accounting standards that have occurred since the 7th edition was written. 

• Revised AASB standards, including AASB 10, 11, 12, 127 and 128, that applied to investments in subsidiaries, associates, joint arrangements and other investments as at early 2016.
• Amendments made to IFRS 10, 11 and IAS 27 and 28 in 2014 are therefore also reflected in the book.
• Updated references to the differences and similarities between certain Australian Accounting Standards and IFRS as well as the relationship between US GAAP and IFRS.
• Revised and updated In-text examples which impact the myriad other changes relevant to the preparation of the financial statements, including changes to AASB 101, Presentation of Financial Statements and recent amendments to AASB 9, Financial Instruments.

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