Company Accounting: Australia-New Zealand Edition

Description

Company Accounting provides a thorough introduction to the theory and practice of financial reporting. By tracking the lifecycle of a company, this edition continues to provide students with a logical framework for learning. Comprehensively revised and updated, it incorporates recent changes to the International Financial Reporting Standards (IFRS) as adopted by the Australian Accounting Standards Board (AASB). With an easily accessible 'how to' approach, supported by in-depth theoretical coverage and evaluations of the reporting requirements, students will find Company Accounting to be an oasis of clarity in the challenging subject area of tertiary Accounting.

Ian Langfield-Smith was with the Department of Accounting and Finance at Monash University from January 1999 until 2008. Prior to this he held lecturing positions with University of Tasmania and University of Melbourne. Ian has served as Assistant Director (Legislation Review) with the Australian Accounting Research Foundation, as Research Consultant (Accounting Standards) with the CPA Australia, and as Assistant Director (Accounts and Prospectuses) with the National Companies and Securities Commission. Peter Jubb, MA (Oxon.), FCA, is a member of the emeritus faculty at the Australian National University. He has 35 years of experience in teaching and curriculum development, primarily in financial accounting, auditing, accounting theory and business ethics. He has also run courses on aspects of financial accounting for government agencies and for students preparing for professional examinations. His research interests are business ethics and private sector financial accounting. Stephen Haswell, MEc (ANU), CPA, is a Senior Lecturer in Accounting in the School of Economic and Financial Studies at Macquarie University. Prior to this he was a lecturer in the Department of Commerce at the Australian National University. He has extensive teaching experience in corporate accounting and has published widely in the accounting area.

PART 1. OVERVIEW 1. General introduction 2. Companies and corporate regulation 3. Objectives of company reporting, conceptual elements and terminology PART 2. COMPANY LIFE CYCLE: EARLY STAGES 4. Forming a company and issuing shares 5. Profits, reserves and distributions to owners 6. Reorganisation of share 7. Debt securities 8. Foreign currency transactions and an introduction to hedging 9. Advanced asset and liability issues 10. Income tax PART 3. REPORTING AND DISCLOSURE 11. Reports and disclosures I: Overview 12. Reports and disclosures II: The financial statements PART 4. EXTERNAL ADMINISTRATION 13. Receivership and voluntary administration 14. Liquidations 15. External administration reports and accounts PART 5. INVESTING IN RELATED ENTITIES: BASIC ISSUES 16. Investment in new assets; introduction to business combinations and associates 17. The corporate group 18. Acquisition method of consolidation - introduction and application at control date 19. The acquisition method of consolidation - application after control date 20. Intercompany transactions 21. Direct minority interest PART 6. INVESTING IN RELATED ENTITIES: FURTHER ISSUES 22. Changes to parent investment in subsidiaries 23. Indirect interest 24. Translation of foreign currency statements 25. Consolidated cash flow statements 26. Equity accounting expanded and joint ventures 27. Segment reporting