The 11th edition of Consolidated Financial Statements has been meticulously updated to reflect the latest developments in financial reporting standards by the International Accounting Standards Board (IASB). This edition incorporates changes in the new IFRSs, including IFRS 18 Presentation and Disclosure in Financial Statements, ensuring that readers are well-versed with current standards.
Why You'll Love This: This edition is a must-have for anyone involved in financial reporting and consolidation. It provides comprehensive guidance on the latest standards and practical examples to help you navigate complex accounting scenarios. Whether you're a student or a practitioner, this book will enhance your understanding and application of consolidated financial statements.
Key Features:
•New guidance on proposed changes to IFRS 3 and goodwill accounting.
•Updates on amendments to IAS 28 regarding changes in stakes in associates and joint ventures.
•Detailed coverage of accounting for business combinations under common control.
•Insights into Agenda Decisions (ADs) issued by IFRIC from 2023-2025 affecting consolidation and business combinations.
•Illustrations of capital gains tax (CGT) on disposals of shares in unlisted subsidiaries and associates.
•Examples on calculating gains or losses on disposals of unquoted equity investments subject to CGT.
Who Should Read This:
•Accounting Students: Gain a thorough understanding of consolidated financial statements, from basic principles to advanced topics.
•Practitioners: Stay updated with the latest standards and practical applications in financial reporting and consolidation.
