Language : English
Published : 2017-07-20
Pages : 1131
Advanced Financial Accounting (An IFRS Standards Approach) 3rd Edition
This book is a suitable text for both accounting students in universities and candidates sitting for accounting professional examinations. It also serves as a useful reference for accounting practitioners who are keen to keep up to date with the IFRS Standards that are featured in this text. It presents the accounting issues clearly, illustrates the application of the IFRS Standards systematically and explains the process thoroughly.
This new edition builds upon the success of the previous two editions through its emphasis on explanations and illustrative examples to help students understand complex accounting rules. It deals with the complexity of accounting issues head on and explains integrated problems that involve the application of more than one IFRS Standard. There are new end-of-chapter questions, impactful diagrams, flowcharts, concept maps and many other features as explained in the Preface of this book.
New content and expanded coverage in the following areas:
-Change in ownership interests relating to associates
-Business combinations achieved through common control
-Accounting classification and measurement and hedge accounting under IFRS 9
-Disposals of foreign operations
-Multi-level consolidation with step-by-step explanations
-Change in ownership interests relating to subsidiaries with and without change of control with full-length comprehensive examples
-Expected credit loss under IFRS 9
Out of stock
Combining clear explanations of theory, fully worked examples and a comprehensive set of revision questions, Company Accounting and Financial Statements, sixth edition, provides students with an accessible and practical guide to preparing and interpreting company financial reports.
Thoroughly updated to incorporate the most recent changes in International and Australian Accounting Standards.
Company Accounting and Financial Statements, sixth edition, is suitable for students commencing studies in company accounting and also those studying at more advanced levels. The content has been refocused on the Diploma qualification for Accounting by concentrating on the two performance criteria for the one competency unit:
FNSACC510A FNSACC504APrepare Financial Reports for Corporate Entities
Table of Contents
1. Introduction to Companies
2. Accounting for Share and Debenture Issues
3. Accounting for the conversion of a Business to a Company
4. Finalisation of a Company’s profit and Loss account
5. Accounting for Company Income Tax
6. Appropriation of Company Profits and Changing Shareholders Wealth
7. Corporate Reporting
8. The Cash Flow Statement
9. Consolidated Accounts
10. Consolidation with Non-Controlling Interests
This book follows closely to the latest Malaysian Financial Reporting Standards (MFRS). The accounting concepts are concise manner, while the worked examples enable students to apply the concepts learnt. To further enhance student’s understanding, chapters summaries and examination-based exercises (with solutions) are provided at the end of every chapter.
- Chapter 1. Non-current Assets
- Chapter 2. Inventories
- Chapter 3. Non-profit Organizations
- Chapter 4. Correction Errors*
- Chapter 5. Incomplete Record
- Chapter 6. Manufacturing Activities
- Chapter 7. Partnership Account 1
- Chapter 8. Partnership Account 2