Consolidated Financial Statements: A Step-by-step Approach

The preparation and presentation of consolidated financial statements is a large and complex area of study that forms an integral part of the financial accounting/corporate reporting syllabi of the accountancy bodies and most accounting, commerce and business studies degree programmes. Written and designed to make consolidation more approachable for the student, this book leads the reader, using a step-by-step approach, through the consolidation of financial statements, supported by numerous examples, comprehensive questions and fully worked solutions including those from past professional accountancy examination papers. This 3rd edition is updated to incorporate changes to relevant accounting standards since the 2nd edition (2013) and is up to date to 31 December 2016. This edition also includes chapters on business combinations achieved in stages and vertical/complex group holdings.